News headlines about CBRE Group (NYSE:CBG) have been trending somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. CBRE Group earned a daily sentiment score of 0.24 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 46.1454706460777 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the media stories that may have effected Accern’s rankings:
- CBRE Group (CBG) Says Brandon Boze to Succeed Ray Wirta as … – StreetInsider.com (streetinsider.com)
- Insider Selling: CBRE Group Inc (CBG) Insider Sells 25,888 Shares of Stock (americanbankingnews.com)
- James R. Groch Sells 50,000 Shares of CBRE Group Inc (CBG) Stock (americanbankingnews.com)
- CBRE Board of Directors Appoints Brandon Boze as Board Chair to Succeed Ray Wirta in May 2018 (finance.yahoo.com)
- What Carlyle Group Projects for the Stock Market in 2018 (finance.yahoo.com)
A number of equities analysts have weighed in on CBG shares. Zacks Investment Research upgraded shares of CBRE Group from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a research report on Friday, February 2nd. ValuEngine upgraded shares of CBRE Group from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Barclays reiterated a “buy” rating and set a $47.00 target price on shares of CBRE Group in a research report on Wednesday, December 27th. Bank of America increased their target price on shares of CBRE Group from $42.00 to $44.00 and gave the stock a “buy” rating in a research report on Monday, November 6th. Finally, Evercore ISI started coverage on shares of CBRE Group in a research report on Monday, January 22nd. They set an “in-line” rating and a $48.00 target price for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company’s stock. CBRE Group has an average rating of “Buy” and a consensus price target of $46.56.
CBRE Group (CBG) traded up $0.27 during mid-day trading on Friday, hitting $45.20. 2,100,000 shares of the stock were exchanged, compared to its average volume of 2,120,000. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.08 and a quick ratio of 1.28. CBRE Group has a one year low of $32.30 and a one year high of $46.60. The company has a market capitalization of $15,340.00, a price-to-earnings ratio of 22.27, a P/E/G ratio of 1.13 and a beta of 1.83.
CBRE Group (NYSE:CBG) last released its quarterly earnings data on Thursday, February 8th. The financial services provider reported $0.99 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $4.12 billion. During the same period last year, the business earned $0.93 earnings per share. CBRE Group’s revenue was up 13.4% compared to the same quarter last year. analysts anticipate that CBRE Group will post 3.07 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 22nd. Stockholders 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 dividend yield of 2.21%.
In other news, insider Valueact Capital Master Fund, sold 882,206 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $42.84, for a total value of $37,793,705.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO James R. Groch sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $45.03, for a total transaction of $2,251,500.00. Following the completion of the transaction, the chief financial officer now owns 442,444 shares of the company’s stock, valued at $19,923,253.32. The disclosure for this sale can be found here. Insiders sold 3,017,075 shares of company stock valued at $129,087,601 over the last 90 days. 1.00% of the stock is owned by company insiders.
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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