Michael J. Lafitte Sells 25,888 Shares of CBRE Group Inc (CBG) Stock

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.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 22nd. Shareholders of record on Monday, April 23rd will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.21%.

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.

Insider Buying and Selling by Quarter for CBRE Group (NYSE:CBG)

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