CBRE Group, Inc. (NYSE:CBG) – Analysts at William Blair raised their FY2017 earnings per share (EPS) estimates for CBRE Group in a research note issued to investors on Monday. William Blair analyst B. Dobell now forecasts that the brokerage will post earnings per share of $2.38 for the year, up from their prior estimate of $2.37.

A number of other brokerages also recently commented on CBG. Zacks Investment Research downgraded shares of CBRE Group from a “hold” rating to a “sell” rating in a report on Tuesday, February 7th. Wedbush reaffirmed an “outperform” rating and issued a $35.00 price target (down previously from $38.00) on shares of CBRE Group in a report on Wednesday.

Earnings History and Estimates for CBRE Group (NYSE:CBG)

This news story was originally reported by Watch List News and is the property of of Watch List News. If you are accessing this news story on another site, it was copied illegally and reposted in violation of US and international copyright and trademark law. The correct version of this news story can be accessed at http://www.watchlistnews.com/fy2017-eps-estimates-for-cbre-group-inc-cbg-lifted-by-william-blair/1122626.html.

Shares of CBRE Group (NYSE:CBG) traded up 1.842% during mid-day trading on Wednesday, hitting $35.665. The stock had a trading volume of 1,228,818 shares. CBRE Group has a 52-week low of $24.11 and a 52-week high of $35.79. The company’s 50 day moving average is $31.51 and its 200-day moving average is $29.57. The stock has a market cap of $12.01 billion, a P/E ratio of 21.104 and a beta of 1.70.

CBRE Group (NYSE:CBG) last issued its quarterly earnings results on Friday, February 10th. The company reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.13. CBRE Group had a return on equity of 26.37% and a net margin of 4.38%. The firm had revenue of $3.80 billion for the quarter, compared to analysts’ expectations of $3.89 billion. During the same period in the previous year, the firm posted $0.81 EPS. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year.

Several hedge funds and other institutional investors have recently made changes to their positions in CBG. ValueAct Holdings L.P. increased its stake in shares of CBRE Group by 5.1% in the third quarter. ValueAct Holdings L.P. now owns 34,620,054 shares of the company’s stock valued at $968,669,000 after buying an additional 1,684,260 shares during the last quarter. Harris Associates L P increased its stake in shares of CBRE Group by 10.0% in the third quarter. Harris Associates L P now owns 17,642,329 shares of the company’s stock valued at $493,633,000 after buying an additional 1,601,492 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of CBRE Group by 9.9% in the third quarter. Principal Financial Group Inc. now owns 10,559,945 shares of the company’s stock valued at $295,467,000 after buying an additional 947,924 shares during the last quarter. Cantillon Capital Management LLC increased its stake in shares of CBRE Group by 15.1% in the third quarter. Cantillon Capital Management LLC now owns 8,490,762 shares of the company’s stock valued at $237,571,000 after buying an additional 1,115,818 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of CBRE Group by 0.3% in the third quarter. Wells Fargo & Company MN now owns 8,056,639 shares of the company’s stock valued at $225,426,000 after buying an additional 24,993 shares during the last quarter. 95.98% of the stock is owned by hedge funds and other institutional investors.

This news story was originally reported by Watch List News and is the property of of Watch List News. If you are accessing this news story on another site, it was copied illegally and reposted in violation of US and international copyright and trademark law. The correct version of this news story can be accessed at http://www.watchlistnews.com/fy2017-eps-estimates-for-cbre-group-inc-cbg-lifted-by-william-blair/1122626.html.

In related news, CFO James R. Groch sold 30,000 shares of the stock in a transaction dated Friday, December 2nd. The shares were sold at an average price of $30.00, for a total value of $900,000.00. Following the completion of the transaction, the chief financial officer now owns 510,483 shares of the company’s stock, valued at approximately $15,314,490. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO James R. Groch sold 85,000 shares of the stock in a transaction dated Tuesday, February 14th. The shares were sold at an average price of $34.74, for a total transaction of $2,952,900.00. Following the completion of the transaction, the chief financial officer now directly owns 480,483 shares of the company’s stock, valued at approximately $16,691,979.42. The disclosure for this sale can be found here. In the last ninety days, insiders sold 155,000 shares of company stock valued at $5,185,050. 1.10% of the stock is owned by insiders.

CBRE Group Company Profile

CBRE Group, Inc is a holding company that conducts all of its operations through its subsidiaries. The Company is 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.

5 Day Chart for NYSE:CBG

Receive News & Ratings for CBRE Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CBRE Group Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.