CBRE Group (CBG) Sets New 1-Year High at $44.83

CBRE Group Inc (NYSE:CBG) reached a new 52-week high during trading on Monday . The stock traded as high as $44.83 and last traded at $44.27, with a volume of 2081500 shares changing hands. The stock had previously closed at $44.05.

Several equities research analysts have commented on the stock. Bank of America upped their price objective on shares of CBRE Group from $42.00 to $44.00 and gave the company a “buy” rating in a report on Monday, November 6th. Zacks Investment Research cut CBRE Group from a “buy” rating to a “hold” rating in a research report on Monday. Finally, Barclays reiterated a “buy” rating and set a $47.00 price target on shares of CBRE Group in a research report on Wednesday, December 27th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $41.00.

The stock has a market cap of $15,330.00, a PE ratio of 19.55, a price-to-earnings-growth ratio of 1.23 and a beta of 1.87. 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 (NYSE:CBG) last announced its quarterly earnings results on Friday, November 3rd. The financial services provider reported $0.64 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.10. CBRE Group had a return on equity of 26.22% and a net margin of 5.75%. The firm had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.45 billion. During the same period in the prior year, the business posted $0.50 earnings per share. The company’s revenue was up 11.2% on a year-over-year basis. equities research analysts expect that CBRE Group Inc will post 2.67 earnings per share for the current fiscal year.

In other news, insider Calvin W. Frese, Jr. sold 11,307 shares of the company’s stock in a transaction dated Wednesday, October 18th. The stock was sold at an average price of $40.00, for a total transaction of $452,280.00. Following the sale, the insider now directly owns 246,473 shares in the company, valued at $9,858,920. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Frederic V. Malek sold 6,900 shares of the company’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $43.28, for a total value of $298,632.00. Following the sale, the director now owns 267,446 shares in the company, valued at $11,575,062.88. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,024,872 shares of company stock worth $129,080,441. Company insiders own 1.00% of the company’s stock.

Several hedge funds have recently bought and sold shares of CBG. Schwab Charles Investment Management Inc. increased its position in shares of CBRE Group by 2.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 982,973 shares of the financial services provider’s stock worth $35,781,000 after purchasing an additional 24,191 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of CBRE Group by 8.3% in the second quarter. Pacer Advisors Inc. now owns 7,581 shares of the financial services provider’s stock worth $276,000 after purchasing an additional 583 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of CBRE Group by 13.2% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 6,691 shares of the financial services provider’s stock worth $244,000 after purchasing an additional 779 shares during the last quarter. Sheaff Brock Investment Advisors LLC bought a new position in shares of CBRE Group in the second quarter worth approximately $223,000. Finally, Schroder Investment Management Group bought a new position in shares of CBRE Group in the second quarter worth approximately $271,000. Institutional investors own 94.58% of the company’s stock.

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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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