CBRE Group Inc (NYSE:CBG) Director Laura D. Tyson sold 1,886 shares of CBRE Group stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $47.49, for a total transaction of $89,566.14. Following the completion of the transaction, the director now owns 33,257 shares of the company’s stock, valued at approximately $1,579,374.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
CBRE Group Inc (CBG) opened at $47.59 on Monday. The company has a market cap of $16,157.19, a P/E ratio of 23.44, a P/E/G ratio of 1.19 and a beta of 1.72. CBRE Group Inc has a 12 month low of $32.30 and a 12 month high of $47.81. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.18 and a current ratio of 1.18.
CBRE Group (NYSE:CBG) last released its quarterly earnings results on Thursday, February 8th. The financial services provider reported $0.99 EPS 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 business had revenue of $4.34 billion during the quarter, compared to analysts’ expectations of $4.12 billion. During the same quarter in the previous year, the company earned $0.93 EPS. The business’s quarterly revenue was up 13.4% compared to the same quarter last year. equities analysts forecast that CBRE Group Inc will post 3.07 EPS for the current year.
CBG has been the subject of several recent analyst reports. Raymond James Financial initiated coverage on shares of CBRE Group in a research note on Tuesday, February 6th. They set an “outperform” rating and a $55.00 price objective for the company. Zacks Investment Research raised shares of CBRE Group from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research note on Friday, February 9th. JPMorgan Chase & Co. boosted their price objective on shares of CBRE Group from $50.00 to $53.00 and gave the company an “overweight” rating in a research note on Tuesday, March 6th. JMP Securities cut shares of CBRE Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 24th. They noted that the move was a valuation call. Finally, Evercore ISI initiated 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 for the company. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company’s stock. CBRE Group currently has a consensus rating of “Buy” and an average price target of $47.28.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Xact Kapitalforvaltning AB lifted its holdings in shares of CBRE Group by 4.5% in the 4th quarter. Xact Kapitalforvaltning AB now owns 84,688 shares of the financial services provider’s stock worth $3,668,000 after acquiring an additional 3,610 shares during the last quarter. Tuttle Tactical Management LLC bought a new stake in shares of CBRE Group in the 4th quarter worth approximately $717,000. OLD Mutual Customised Solutions Proprietary Ltd. lifted its holdings in shares of CBRE Group by 39.6% in the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 21,500 shares of the financial services provider’s stock worth $931,000 after acquiring an additional 6,100 shares during the last quarter. Fieldpoint Private Securities LLC lifted its holdings in shares of CBRE Group by 85.0% in the 4th quarter. Fieldpoint Private Securities LLC now owns 5,058 shares of the financial services provider’s stock worth $219,000 after acquiring an additional 2,324 shares during the last quarter. Finally, MetLife Investment Advisors LLC bought a new stake in shares of CBRE Group in the 4th quarter worth approximately $4,048,000. Hedge funds and other institutional investors own 94.31% of the company’s stock.
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CBRE Group Company Profile
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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