CBRE Group Inc (NYSE:CBG) Director Frederic V. Malek sold 6,900 shares of the firm’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $43.28, for a total value of $298,632.00. Following the completion of the sale, the director now directly owns 267,446 shares of the company’s stock, valued at approximately $11,575,062.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of CBRE Group Inc (NYSE:CBG) traded up $0.67 during trading on Friday, reaching $43.25. The company’s stock had a trading volume of 4,035,800 shares, compared to its average volume of 1,966,723. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.28 and a quick ratio of 1.28. The stock has a market capitalization of $14,664.63, a price-to-earnings ratio of 16.30, a P/E/G ratio of 1.25 and a beta of 1.86. CBRE Group Inc has a fifty-two week low of $29.69 and a fifty-two week high of $44.04.
CBRE Group (NYSE:CBG) last announced its quarterly earnings data on Friday, November 3rd. The financial services provider reported $0.64 EPS for the quarter, beating the consensus estimate of $0.54 by $0.10. The business had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.45 billion. CBRE Group had a return on equity of 26.22% and a net margin of 5.75%. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.50 earnings per share. equities analysts expect that CBRE Group Inc will post 2.67 EPS for the current year.
Separately, Bank of America raised their price target on CBRE Group from $42.00 to $44.00 and gave the stock a “buy” rating in a research note on Monday, November 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $40.33.
A number of institutional investors have recently made changes to their positions in CBG. Strs Ohio lifted its position in CBRE Group by 53.7% during the second quarter. Strs Ohio now owns 17,701 shares of the financial services provider’s stock valued at $644,000 after buying an additional 6,183 shares during the period. Municipal Employees Retirement System of Michigan lifted its position in CBRE Group by 112.4% during the second quarter. Municipal Employees Retirement System of Michigan now owns 20,310 shares of the financial services provider’s stock valued at $739,000 after buying an additional 10,750 shares during the period. Sei Investments Co. lifted its position in CBRE Group by 405.4% during the second quarter. Sei Investments Co. now owns 35,127 shares of the financial services provider’s stock valued at $1,279,000 after buying an additional 28,177 shares during the period. Global X Management Co. LLC lifted its position in CBRE Group by 11.4% during the second quarter. Global X Management Co. LLC now owns 13,840 shares of the financial services provider’s stock valued at $504,000 after buying an additional 1,415 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its position in shares of CBRE Group by 2.5% in the 2nd 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. 95.00% of the stock is owned by institutional investors and hedge funds.
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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