CBRE Group Inc (NYSE:CBG) insider Michael J. Lafitte sold 25,888 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $44.86, for a total value of $1,161,335.68. Following the transaction, the insider now owns 284,834 shares in the company, valued at approximately $12,777,653.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
CBRE Group Inc (CBG) opened at $45.20 on Friday. CBRE Group Inc has a fifty-two week low of $32.30 and a fifty-two week high of $46.60. The company has a market capitalization of $15,343.55, a P/E ratio of 16.68, a price-to-earnings-growth ratio of 1.13 and a beta of 1.83. 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 (NYSE:CBG) last announced its earnings results 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 return on equity of 25.03% and a net margin of 4.87%. 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 prior year, the firm earned $0.93 earnings per share. The business’s revenue was up 13.4% compared to the same quarter last year. equities research analysts expect that CBRE Group Inc will post 3.07 EPS for the current fiscal year.
Institutional investors have recently made changes to their positions in the business. Toronto Dominion Bank raised its holdings in shares of CBRE Group by 25.6% during the second quarter. Toronto Dominion Bank now owns 101,905 shares of the financial services provider’s stock valued at $3,709,000 after acquiring an additional 20,739 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of CBRE Group by 70.9% during the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 313,724 shares of the financial services provider’s stock valued at $11,884,000 after acquiring an additional 130,144 shares during the last quarter. Chicago Equity Partners LLC acquired a new position in shares of CBRE Group during the third quarter valued at approximately $748,000. Candriam Luxembourg S.C.A. raised its holdings in shares of CBRE Group by 1.0% during the third quarter. Candriam Luxembourg S.C.A. now owns 589,741 shares of the financial services provider’s stock valued at $22,339,000 after acquiring an additional 6,060 shares during the last quarter. Finally, Legal & General Group Plc raised its holdings in shares of CBRE Group by 4.6% during the third quarter. Legal & General Group Plc now owns 1,540,359 shares of the financial services provider’s stock valued at $58,349,000 after acquiring an additional 67,625 shares during the last quarter. 94.44% of the stock is owned by institutional investors and hedge funds.
CBG has been the topic of a number of recent analyst reports. 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. ValuEngine upgraded CBRE Group from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Wedbush reiterated an “outperform” rating and set a $46.50 price target on shares of CBRE Group in a research report on Monday, February 12th. Zacks Investment Research upgraded CBRE Group from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research report on Friday, February 2nd. Finally, William Blair reiterated an “outperform” rating on shares of CBRE Group in a research report on Friday, February 2nd. 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 to the company. The company presently has an average rating of “Buy” and a consensus target price of $46.56.
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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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