CBRE Group (NYSE:CBRE) Director Frederic V. Malek sold 50,000 shares of the business’s stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $47.68, for a total transaction of $2,384,000.00. Following the completion of the sale, the director now directly owns 267,446 shares in the company, valued at approximately $12,751,825.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of CBRE traded down $1.06 on Friday, reaching $46.73. The company’s stock had a trading volume of 1,804,882 shares, compared to its average volume of 2,010,328. 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 has a twelve month low of $32.46 and a twelve month high of $48.39. The firm has a market capitalization of $16,225.10, a PE ratio of 17.64, a P/E/G ratio of 1.20 and a beta of 1.68.
CBRE Group (NYSE:CBRE) last posted its earnings results on Thursday, February 8th. The financial services provider reported $0.99 earnings per share for the quarter, topping the Zacks’ 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 company had revenue of $4.34 billion for the quarter, compared to analyst estimates of $4.12 billion. During the same quarter in the prior year, the business posted $0.93 EPS. The firm’s revenue was up 13.4% compared to the same quarter last year. analysts expect that CBRE Group will post 3.06 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 22nd. Shareholders of record on Monday, April 23rd will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.14%.
Several equities analysts recently issued reports on CBRE shares. Zacks Investment Research upgraded shares of CBRE Group from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a report on Friday, February 9th. Barclays restated a “buy” rating and issued a $47.00 target price on shares of CBRE Group in a report on Wednesday, December 27th. ValuEngine upgraded shares of CBRE Group from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Goldman Sachs assumed coverage on shares of CBRE Group in a report on Tuesday. They set a “buy” rating and a $54.00 price objective on the stock. Finally, Evercore ISI assumed coverage on shares of CBRE Group in a report on Monday, January 22nd. They set an “in-line” rating and a $48.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. CBRE Group has an average rating of “Buy” and a consensus price target of $48.35.
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CBRE Group Company Profile
CBRE Group, Inc operates as a commercial real estate services and investment company worldwide. It operates through Americas; Europe, Middle East and Africa; Asia Pacific; Global Investment Management; and Development Services segments. The company offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing; integrated property sales, and mortgage and structured financing services under the CBRE Capital Markets brand; and valuation services that include market value appraisals, litigation support, discounted cash flow analyses, and feasibility studies, as well as consulting services, such as property condition reports, hotel advisory, and environmental consulting.
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