CBRE Group (CBG) Reaches New 1-Year High at $43.55
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.
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.
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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