CBRE Group, Inc. (NYSE:CBG) Director Holdings L.P. Valueact Sells 84,500 Shares

CBRE Group, Inc. (NYSE:CBG) Director Holdings L.P. Valueact sold 84,500 shares of CBRE Group stock in a transaction on Friday, November 17th. The shares were sold at an average price of $42.82, for a total value of $3,618,290.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

  • On Monday, November 27th, Holdings L.P. Valueact sold 600,000 shares of CBRE Group stock. The stock was sold at an average price of $42.57, for a total value of $25,542,000.00.
  • On Monday, November 20th, Holdings L.P. Valueact sold 406,702 shares of CBRE Group stock. The stock was sold at an average price of $42.81, for a total value of $17,410,912.62.

CBRE Group, Inc. (NYSE CBG) traded up $0.27 on Thursday, hitting $43.82. The stock had a trading volume of 1,042,441 shares, compared to its average volume of 1,968,508. The stock has a market capitalization of $14,803.81, a P/E ratio of 16.46, a P/E/G ratio of 1.26 and a beta of 1.86. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.28 and a current ratio of 1.28. CBRE Group, Inc. has a 1 year low of $29.69 and a 1 year high of $44.04.

CBRE Group (NYSE:CBG) last released its quarterly earnings data on Friday, November 3rd. The financial services provider reported $0.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.10. The firm had revenue of $3.55 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.50 earnings per share. analysts expect that CBRE Group, Inc. will post 2.67 earnings per share for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sentry Investment Management LLC increased its holdings in shares of CBRE Group by 0.3% in the second quarter. Sentry Investment Management LLC now owns 21,861 shares of the financial services provider’s stock worth $796,000 after buying an additional 59 shares during the period. Wetherby Asset Management Inc. increased its holdings in shares of CBRE Group by 0.7% in the second quarter. Wetherby Asset Management Inc. now owns 13,970 shares of the financial services provider’s stock worth $509,000 after buying an additional 93 shares during the period. Ameritas Investment Partners Inc. increased its holdings in shares of CBRE Group by 1.4% in the second quarter. Ameritas Investment Partners Inc. now owns 7,240 shares of the financial services provider’s stock worth $263,000 after buying an additional 99 shares during the period. CIBC Asset Management Inc increased its holdings in shares of CBRE Group by 0.4% in the second quarter. CIBC Asset Management Inc now owns 29,272 shares of the financial services provider’s stock worth $1,066,000 after buying an additional 113 shares during the period. Finally, Louisiana State Employees Retirement System increased its holdings in CBRE Group by 1.1% during the 2nd quarter. Louisiana State Employees Retirement System now owns 18,700 shares of the financial services provider’s stock valued at $681,000 after purchasing an additional 200 shares during the period. Hedge funds and other institutional investors own 95.00% of the company’s stock.

CBG has been the subject of several research analyst reports. Bank of America lifted their price target on CBRE Group from $42.00 to $44.00 and gave the stock a “buy” rating in a research note on Monday, November 6th. Barclays lifted their price target on CBRE Group from $42.00 to $43.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 15th. Finally, BidaskClub lowered CBRE Group from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. One research analyst has rated the stock with a sell rating, two have issued 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.

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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.

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

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