CBRE Group Inc (NYSE:CBRE) CFO James R. Groch sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, June 20th. The stock was sold at an average price of $49.01, for a total transaction of $2,450,500.00. Following the sale, the chief financial officer now owns 478,015 shares of the company’s stock, valued at approximately $23,427,515.15. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
CBRE Group traded up $0.08, hitting $48.80, during midday trading on Friday, Marketbeat reports. The company’s stock had a trading volume of 2,328,300 shares, compared to its average volume of 2,048,934. CBRE Group Inc has a 1-year low of $34.38 and a 1-year high of $49.19. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $16.66 billion, a price-to-earnings ratio of 18.02, a price-to-earnings-growth ratio of 1.21 and a beta of 1.72.
CBRE Group (NYSE:CBRE) last issued its quarterly earnings data on Wednesday, May 2nd. The financial services provider reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.05. CBRE Group had a net margin of 4.48% and a return on equity of 24.15%. The business had revenue of $4.67 billion during the quarter, compared to analysts’ expectations of $3.32 billion. During the same quarter in the previous year, the company earned $0.43 EPS. The business’s revenue was up 15.3% on a year-over-year basis. sell-side analysts anticipate that CBRE Group Inc will post 3.12 earnings per share for the current fiscal year.
A number of institutional investors have recently modified their holdings of CBRE. Progressive Investment Management Corp acquired a new stake in CBRE Group in the 1st quarter worth about $4,020,000. Global X Management Co. LLC acquired a new stake in CBRE Group in the 1st quarter worth about $662,000. Dreman Value Management L L C acquired a new stake in CBRE Group in the 1st quarter worth about $607,000. FDx Advisors Inc. acquired a new stake in CBRE Group in the 1st quarter worth about $3,122,000. Finally, Wells Fargo & Company MN acquired a new stake in CBRE Group in the 1st quarter worth about $291,108,000. Institutional investors and hedge funds own 92.97% of the company’s stock.
A number of analysts have recently issued reports on the stock. ValuEngine cut shares of CBRE Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 2nd. Zacks Investment Research upgraded shares of CBRE Group from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research note on Wednesday. Raymond James upgraded shares of CBRE Group from an “outperform” rating to a “strong-buy” rating in a research note on Thursday, May 10th. Barclays raised their target price on shares of CBRE Group from $52.00 to $56.00 and gave the stock an “overweight” rating in a research note on Thursday, March 15th. Finally, JPMorgan Chase & Co. raised their target price on shares of CBRE Group from $50.00 to $53.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $49.25.
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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