CBRE Group Inc (NYSE:CBG) insider Robert E. Sulentic sold 40,000 shares of CBRE Group stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $42.56, for a total transaction of $1,702,400.00. Following the transaction, the insider now directly owns 597,971 shares in the company, valued at $25,449,645.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

CBRE Group Inc (NYSE:CBG) opened at $45.04 on Thursday. CBRE Group Inc has a 52 week low of $32.30 and a 52 week high of $46.60. The company has a market cap of $15,290.00, a PE ratio of 22.19, a price-to-earnings-growth ratio of 1.08 and a beta of 1.83. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.28 and a current ratio of 1.08.

CBRE Group (NYSE:CBG) last announced its quarterly earnings results on Thursday, February 8th. The financial services provider reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.06. CBRE Group had a net margin of 4.87% and a return on equity of 25.03%. The business had revenue of $4.34 billion during the quarter, compared to analysts’ expectations of $4.12 billion. During the same period last year, the business earned $0.93 earnings per share. The business’s revenue for the quarter was up 13.4% on a year-over-year basis. equities analysts predict that CBRE Group Inc will post 3.07 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 22nd. Shareholders of record on Monday, April 23rd will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.22%.

Institutional investors and hedge funds have recently made changes to their positions in the business. Toronto Dominion Bank increased its position in shares of CBRE Group by 25.6% during the second quarter. Toronto Dominion Bank now owns 101,905 shares of the financial services provider’s stock valued at $3,709,000 after acquiring an additional 20,739 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of CBRE Group by 70.9% during the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 313,724 shares of the financial services provider’s stock valued at $11,884,000 after acquiring an additional 130,144 shares during the last quarter. Chicago Equity Partners LLC acquired a new stake in shares of CBRE Group during the third quarter valued at about $748,000. Candriam Luxembourg S.C.A. increased its position in shares of CBRE Group by 1.0% during the third quarter. Candriam Luxembourg S.C.A. now owns 589,741 shares of the financial services provider’s stock valued at $22,339,000 after acquiring an additional 6,060 shares during the last quarter. Finally, Legal & General Group Plc increased its position in shares of CBRE Group by 4.6% during the third quarter. Legal & General Group Plc now owns 1,540,359 shares of the financial services provider’s stock valued at $58,349,000 after acquiring an additional 67,625 shares during the last quarter. Institutional investors and hedge funds own 94.44% of the company’s stock.

A number of brokerages have commented on CBG. JMP Securities downgraded shares of CBRE Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 24th. They noted that the move was a valuation call. Evercore ISI began coverage on shares of CBRE Group in a research note on Monday, January 22nd. They set an “in-line” rating and a $48.00 target price on the stock. ValuEngine raised shares of CBRE Group from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Barclays lifted their target price on shares of CBRE Group from $47.00 to $52.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 30th. Finally, Zacks Investment Research raised shares of CBRE Group from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a research note on Wednesday, January 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company’s stock. CBRE Group currently has a consensus rating of “Buy” and a consensus price target of $46.56.

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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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