Equities Analysts Offer Predictions for CBRE Group Inc’s Q3 2019 Earnings (CBG)

CBRE Group Inc (NYSE:CBG) – Research analysts at Wedbush issued their Q3 2019 earnings estimates for shares of CBRE Group in a research report issued on Monday. Wedbush analyst J. Weaver anticipates that the financial services provider will post earnings of $0.71 per share for the quarter. Wedbush currently has a “Outperform” rating and a $46.50 target price on the stock. Wedbush also issued estimates for CBRE Group’s Q4 2019 earnings at $1.34 EPS.

CBRE Group (NYSE:CBG) last announced its quarterly earnings data on Thursday, February 8th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.06. The company had revenue of $4.34 billion during the quarter, compared to the consensus estimate of $4.12 billion. CBRE Group had a return on equity of 25.03% and a net margin of 4.87%. The firm’s revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.93 EPS.

A number of other research analysts also recently issued reports on the company. Barclays reiterated a “buy” rating and set a $47.00 price objective on shares of CBRE Group in a research note on Wednesday, December 27th. Zacks Investment Research cut CBRE Group from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Bank of America boosted their price target on CBRE Group from $42.00 to $44.00 and gave the stock a “buy” rating in a report on Monday, November 6th. JMP Securities cut CBRE Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 24th. They noted that the move was a valuation call. Finally, Evercore ISI initiated coverage on CBRE Group in a report on Monday, January 22nd. They issued an “in-line” rating and a $48.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $46.56.

Shares of CBRE Group (CBG) traded up $0.72 during trading hours on Wednesday, hitting $44.86. The company had a trading volume of 1,440,877 shares, compared to its average volume of 2,050,598. The company has a market cap of $14,980.00, a P/E ratio of 21.94, a PEG ratio of 1.08 and a beta of 1.83. The company has a current ratio of 1.08, a quick ratio of 1.28 and a debt-to-equity ratio of 0.49. CBRE Group has a 52 week low of $32.30 and a 52 week high of $46.60.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 22nd. Investors of record on Monday, April 23rd will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.23%.

In other news, insider Robert E. Sulentic sold 40,000 shares of the company’s stock in a transaction that occurred on 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 sale, the insider now directly owns 597,971 shares of the company’s stock, valued at approximately $25,449,645.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP J. Christopher Kirk sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $43.32, for a total value of $866,400.00. Following the sale, the executive vice president now directly owns 118,162 shares in the company, valued at $5,118,777.84. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,000,687 shares of company stock worth $128,188,805. 1.00% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of CBG. Advisor Group Inc. raised its holdings in shares of CBRE Group by 6.6% during the 2nd quarter. Advisor Group Inc. now owns 5,480 shares of the financial services provider’s stock worth $198,000 after acquiring an additional 337 shares in the last quarter. Virtu KCG Holdings LLC raised its holdings in shares of CBRE Group by 19.6% during the 2nd quarter. Virtu KCG Holdings LLC now owns 8,414 shares of the financial services provider’s stock worth $306,000 after acquiring an additional 1,378 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of CBRE Group by 1.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,588,246 shares of the financial services provider’s stock worth $57,816,000 after acquiring an additional 27,854 shares in the last quarter. Stifel Financial Corp raised its holdings in shares of CBRE Group by 7.4% during the 2nd quarter. Stifel Financial Corp now owns 38,846 shares of the financial services provider’s stock worth $1,415,000 after acquiring an additional 2,692 shares in the last quarter. Finally, Macquarie Group Ltd. raised its holdings in CBRE Group by 5.6% during the 2nd quarter. Macquarie Group Ltd. now owns 7,600 shares of the financial services provider’s stock valued at $277,000 after buying an additional 400 shares during the period. 94.44% of the stock is currently owned by institutional investors and hedge funds.

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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.

Earnings History and Estimates for CBRE Group (NYSE:CBG)

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