CBRE Group, Inc. (NYSE:CBG) Director Holdings L.P. Valueact sold 406,702 shares of the stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $42.81, for a total value of $17,410,912.62. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Holdings L.P. Valueact also recently made the following trade(s):

  • On Friday, November 17th, Holdings L.P. Valueact sold 84,500 shares of CBRE Group stock. The stock was sold at an average price of $42.82, for a total value of $3,618,290.00.

Shares of CBRE Group, Inc. (NYSE:CBG) traded up $0.02 on Tuesday, hitting $42.82. The stock had a trading volume of 1,747,561 shares, compared to its average volume of 1,969,065. The firm has a market capitalization of $14,530.00, a price-to-earnings ratio of 16.14, a price-to-earnings-growth ratio of 1.23 and a beta of 1.83. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.28 and a quick ratio of 1.28. CBRE Group, Inc. has a 52 week low of $28.74 and a 52 week high of $43.35.

CBRE Group (NYSE:CBG) last issued its quarterly earnings results on Friday, November 3rd. The financial services provider reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.10. The company had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.45 billion. CBRE Group had a return on equity of 26.22% and a net margin of 5.75%. The company’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same period last year, the company earned $0.50 earnings per share. research analysts expect that CBRE Group, Inc. will post 2.67 earnings per share for the current fiscal year.

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Several large investors have recently added to or reduced their stakes in the stock. Hahn Capital Management LLC boosted its position in shares of CBRE Group by 1.0% in the 3rd quarter. Hahn Capital Management LLC now owns 1,170,732 shares of the financial services provider’s stock valued at $44,347,000 after purchasing an additional 11,091 shares during the period. IFM Investors Pty Ltd acquired a new position in shares of CBRE Group in the 3rd quarter valued at $359,000. Fieldpoint Private Securities LLC acquired a new position in shares of CBRE Group in the 3rd quarter valued at $104,000. RWC Asset Management LLP boosted its position in shares of CBRE Group by 22.8% in the 3rd quarter. RWC Asset Management LLP now owns 537,321 shares of the financial services provider’s stock valued at $20,354,000 after purchasing an additional 99,784 shares during the period. Finally, Piedmont Investment Advisors LLC acquired a new position in shares of CBRE Group in the 3rd quarter valued at $7,263,000. Institutional investors and hedge funds own 96.11% of the company’s stock.

Several brokerages recently issued reports on CBG. BidaskClub cut CBRE Group from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. Wedbush restated an “outperform” rating and set a $38.00 price objective on shares of CBRE Group in a research note on Wednesday, August 2nd. Barclays PLC raised their target price on CBRE Group from $42.00 to $43.00 and gave the company an “overweight” rating in a research note on Tuesday, August 15th. Bank of America Corporation raised their target price on CBRE Group from $42.00 to $44.00 and gave the company a “buy” rating in a research note on Monday, November 6th. Finally, UBS AG began coverage on CBRE Group in a research note on Wednesday, July 26th. They issued a “neutral” rating and a $41.00 target price on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $40.33.

About CBRE Group

CBRE Group, Inc is a holding company that conducts all of its operations through its subsidiaries. The Company operates as a commercial real estate services and investment company. The Company operates through the segments: The Americas; Europe, Middle East and Africa (EMEA); Asia Pacific; Global Investment Management, and Development Services.

Insider Buying and Selling by Quarter for CBRE Group (NYSE:CBG)

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