CBRE Group, Inc. (NYSE:CBG) shares reached a new 52-week high during trading on Monday . The stock traded as high as $43.55 and last traded at $43.19, with a volume of 2569900 shares changing hands. The stock had previously closed at $43.36.

Several research analysts recently commented on the stock. BidaskClub lowered shares of CBRE Group from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Barclays raised their price target on shares of CBRE Group from $42.00 to $43.00 and gave the company an “overweight” rating in a report on Tuesday, August 15th. Finally, Bank of America raised their price target on shares of CBRE Group from $42.00 to $44.00 and gave the company a “buy” rating in a report on Monday, November 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. CBRE Group currently has a consensus rating of “Hold” and an average target price of $40.33.

The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.28 and a current ratio of 1.28. The stock has a market cap of $14,722.34, a price-to-earnings ratio of 16.37, a P/E/G ratio of 1.25 and a beta of 1.86.

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

In other news, CEO William F. Concannon sold 25,000 shares of CBRE Group stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $39.02, for a total transaction of $975,500.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Valueact Capital Master Fund, sold 5,500,000 shares of CBRE Group stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $35.90, for a total transaction of $197,450,000.00. The disclosure for this sale can be found here. Insiders have sold 8,526,111 shares of company stock worth $326,453,913 in the last quarter. Insiders own 1.00% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of CBG. Invictus RG purchased a new stake in shares of CBRE Group during the third quarter valued at approximately $104,000. Fieldpoint Private Securities LLC acquired a new stake in shares of CBRE Group during the third quarter worth approximately $104,000. GQG Partners LLC acquired a new stake in shares of CBRE Group during the second quarter worth approximately $122,000. BB&T Investment Services Inc. acquired a new stake in shares of CBRE Group during the second quarter worth approximately $125,000. Finally, Zions Bancorporation grew its position in shares of CBRE Group by 5,136.8% during the third quarter. Zions Bancorporation now owns 3,561 shares of the financial services provider’s stock worth $135,000 after buying an additional 3,493 shares in the last quarter. Institutional investors own 95.00% of the company’s stock.

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CBRE Group Company Profile

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.

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