CBRE Group Inc (NYSE:CBG) EVP J. Christopher Kirk sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $43.32, for a total transaction of $866,400.00. Following the completion of the sale, the executive vice president now directly owns 118,162 shares in the company, valued at $5,118,777.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of CBRE Group Inc (NYSE CBG) traded up $0.67 during trading hours on Friday, hitting $43.25. 4,035,800 shares of the company were exchanged, compared to its average volume of 1,966,723. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $14,664.63, a price-to-earnings ratio of 16.30, a PEG 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 issued its quarterly earnings results on Friday, November 3rd. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 5.75% and a return on equity of 26.22%. The business’s revenue was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.50 earnings per share. analysts forecast that CBRE Group Inc will post 2.67 earnings per share for the current fiscal year.
Separately, Bank of America lifted their price objective on shares of CBRE Group from $42.00 to $44.00 and gave the company a “buy” rating in a research note on Monday, November 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $40.33.
A number of hedge funds have recently added to or reduced their stakes in CBG. Janus Henderson Group PLC increased its stake in CBRE Group by 13,158.3% during the second quarter. Janus Henderson Group PLC now owns 5,733,291 shares of the financial services provider’s stock valued at $208,691,000 after purchasing an additional 5,690,048 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in shares of CBRE Group by 273.3% during the second quarter. Alliancebernstein L.P. now owns 3,275,845 shares of the financial services provider’s stock valued at $119,241,000 after acquiring an additional 2,398,384 shares during the period. AJO LP boosted its holdings in shares of CBRE Group by 314.1% during the second quarter. AJO LP now owns 2,887,891 shares of the financial services provider’s stock valued at $105,119,000 after acquiring an additional 2,190,476 shares during the period. Prudential Financial Inc. boosted its holdings in shares of CBRE Group by 123.2% during the second quarter. Prudential Financial Inc. now owns 3,626,928 shares of the financial services provider’s stock valued at $132,020,000 after acquiring an additional 2,002,209 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in CBRE Group by 4.6% in the second quarter. Vanguard Group Inc. now owns 29,111,569 shares of the financial services provider’s stock worth $1,059,662,000 after purchasing an additional 1,289,368 shares during the period. Hedge funds and other institutional investors own 95.00% of the company’s stock.
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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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