CBRE Group Inc (NYSE:CBG) Director Frederic V. Malek sold 50,000 shares of CBRE Group stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $47.68, for a total transaction of $2,384,000.00. Following the sale, the director now owns 267,446 shares in the company, valued at $12,751,825.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of CBRE Group Inc (CBG) opened at $47.40 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.18 and a quick ratio of 1.18. CBRE Group Inc has a 1 year low of $32.30 and a 1 year high of $48.27. The company has a market cap of $16,090.00, a PE ratio of 19.35, a price-to-earnings-growth ratio of 1.20 and a beta of 1.72.
CBRE Group (NYSE:CBG) last issued its quarterly earnings results on Thursday, February 8th. The financial services provider reported $0.99 EPS for the quarter, topping the consensus estimate of $0.93 by $0.06. CBRE Group had a net margin of 4.87% and a return on equity of 25.03%. The firm had revenue of $4.34 billion for the quarter, compared to analysts’ expectations of $4.12 billion. During the same period in the previous year, the business earned $0.93 earnings per share. CBRE Group’s revenue for the quarter was up 13.4% compared to the same quarter last year. equities analysts anticipate that CBRE Group Inc will post 3.06 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 22nd. Investors of record on Monday, April 23rd will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.11%.
A number of equities research analysts recently weighed in on CBG shares. 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 price objective on the stock. Zacks Investment Research cut shares of CBRE Group from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Barclays reiterated a “buy” rating and issued a $47.00 price target on shares of CBRE Group in a research report on Wednesday, December 27th. ValuEngine upgraded shares of CBRE Group from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, JMP Securities cut shares of CBRE Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 24th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $47.72.
A number of institutional investors and hedge funds have recently modified their holdings of CBG. Crossmark Global Holdings Inc. purchased a new position in CBRE Group in the 3rd quarter worth about $754,000. Chicago Equity Partners LLC purchased a new position in CBRE Group in the 3rd quarter worth about $748,000. Stevens Capital Management LP purchased a new position in CBRE Group in the 3rd quarter worth about $288,000. American Century Companies Inc. purchased a new position in CBRE Group in the 3rd quarter worth about $612,000. Finally, Swiss National Bank increased its stake in CBRE Group by 1.3% in the 3rd quarter. Swiss National Bank now owns 1,119,971 shares of the financial services provider’s stock worth $42,425,000 after purchasing an additional 14,100 shares in the last quarter. 94.31% of the stock is currently owned by hedge funds and other institutional investors.
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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.
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