CBRE Group Inc (CBG) Plans Quarterly Dividend of $0.25
CBRE Group Inc (NYSE:CBG) declared a quarterly dividend on Monday, February 12th, RTT News reports. Shareholders of record on Monday, April 23rd will be given a dividend of 0.25 per share by the financial services provider on Tuesday, May 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 2.39%.
CBRE Group (CBG) opened at $41.90 on Monday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.08 and a quick ratio of 1.28. The firm has a market cap of $14,223.34, a PE ratio of 20.64, a price-to-earnings-growth ratio of 1.05 and a beta of 1.83. CBRE Group has a 12-month low of $32.30 and a 12-month high of $46.60.
CBRE Group (NYSE:CBG) last posted its quarterly earnings data on Thursday, February 8th. The financial services provider reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.06. The company had revenue of $4.34 billion during the quarter, compared to analysts’ expectations of $4.12 billion. CBRE Group had a net margin of 4.87% and a return on equity of 25.03%. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.93 EPS. equities research analysts predict that CBRE Group will post 3.08 earnings per share for the current year.
In other news, Director Holdings L.P. Valueact sold 84,500 shares of the stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $42.82, for a total transaction of $3,618,290.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Valueact Capital Master Fund, sold 882,206 shares of the stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $42.84, for a total transaction of $37,793,705.04. The disclosure for this sale can be found here. Insiders have sold 2,960,687 shares of company stock worth $126,486,405 in the last ninety days. Corporate insiders own 1.00% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: This report was first reported by Watch List News and is the property of of Watch List News. If you are accessing this report on another website, it was copied illegally and reposted in violation of US & international trademark & copyright legislation. The original version of this report can be accessed at https://www.watchlistnews.com/cbre-group-inc-cbg-plans-quarterly-dividend-of-0-25/1861233.html.
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.
Receive News & Ratings for CBRE Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CBRE Group and related companies with MarketBeat.com's FREE daily email newsletter.