Shares of CBRE Group Inc (NYSE:CBG) have been assigned an average rating of “Buy” from the twelve brokerages that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $46.56.
CBG has been the topic of several recent research reports. Evercore ISI initiated 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 on the stock. Zacks Investment Research downgraded shares of CBRE Group from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. 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 boosted their target price on shares of CBRE Group from $42.00 to $44.00 and gave the company a “buy” rating in a research report on Monday, November 6th. Finally, ValuEngine upgraded shares of CBRE Group from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd.
In other news, CFO James R. Groch sold 50,000 shares of the company’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $45.03, for a total value of $2,251,500.00. Following the completion of the sale, the chief financial officer now owns 442,444 shares in the company, valued at approximately $19,923,253.32. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Calvin W. Frese, Jr. sold 25,000 shares of the company’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $44.17, for a total transaction of $1,104,250.00. Following the completion of the sale, the insider now owns 213,121 shares of the company’s stock, valued at approximately $9,413,554.57. The disclosure for this sale can be found here. In the last quarter, insiders sold 212,788 shares of company stock valued at $9,326,718. Company insiders own 1.00% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Invictus RG purchased a new stake in shares of CBRE Group in the third quarter worth about $104,000. Fieldpoint Private Securities LLC bought a new position in shares of CBRE Group in the third quarter worth approximately $104,000. Cerebellum GP LLC bought a new position in shares of CBRE Group in the fourth quarter worth approximately $127,000. Tower Research Capital LLC TRC grew its holdings in shares of CBRE Group by 818.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,059 shares of the financial services provider’s stock worth $132,000 after purchasing an additional 2,726 shares during the last quarter. Finally, Zions Bancorporation grew its holdings in shares of CBRE Group by 5,136.8% in the third quarter. Zions Bancorporation now owns 3,561 shares of the financial services provider’s stock worth $135,000 after purchasing an additional 3,493 shares during the last quarter. Hedge funds and other institutional investors own 95.34% of the company’s stock.
CBRE Group (NYSE:CBG) traded up $0.61 during trading hours on Tuesday, reaching $47.25. 1,111,976 shares of the company traded hands, compared to its average volume of 2,099,910. The company has a current ratio of 1.08, a quick ratio of 1.28 and a debt-to-equity ratio of 0.49. CBRE Group has a twelve month low of $32.30 and a twelve month high of $47.51. The firm has a market cap of $15,598.15, a P/E ratio of 23.26, a PEG ratio of 1.15 and a beta of 1.83.
CBRE Group (NYSE:CBG) last posted its earnings results on Thursday, February 8th. The financial services provider reported $0.99 EPS for the quarter, topping the 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 for the quarter, compared to the consensus estimate of $4.12 billion. During the same period last year, the company earned $0.93 EPS. The firm’s revenue was up 13.4% compared to the same quarter last year. equities analysts predict that CBRE Group will post 3.07 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 22nd. Shareholders of record on Monday, April 23rd will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.12%.
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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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