Holdings L.P. Valueact Sells 84,500 Shares of CBRE Group, Inc. (CBG) Stock
CBRE Group, Inc. (NYSE:CBG) Director Holdings L.P. Valueact sold 84,500 shares of the business’s 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 filing with the SEC, which can be accessed through this hyperlink.
Holdings L.P. Valueact also recently made the following trade(s):
- On Monday, November 20th, Holdings L.P. Valueact sold 406,702 shares of CBRE Group stock. The shares were sold at an average price of $42.81, for a total transaction of $17,410,912.62.
CBRE Group, Inc. (CBG) opened at $42.49 on Thursday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.28 and a current ratio of 1.28. The stock has a market cap of $14,535.64, a PE ratio of 16.16, a price-to-earnings-growth ratio of 1.24 and a beta of 1.83. CBRE Group, Inc. has a one year low of $28.91 and a one year high of $43.35.
CBRE Group (NYSE:CBG) last posted its earnings results on Friday, November 3rd. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.10. The firm 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%. CBRE Group’s revenue was up 11.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.50 EPS. equities research analysts predict that CBRE Group, Inc. will post 2.67 earnings per share for the current fiscal year.
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CBG has been the subject of a number of recent research reports. Bank of America Corporation boosted their price objective on shares of CBRE Group from $42.00 to $44.00 and gave the company a “buy” rating in a research report on Monday, November 6th. UBS AG initiated coverage on shares of CBRE Group in a research report on Wednesday, July 26th. They set a “neutral” rating and a $41.00 price objective for the company. Barclays PLC boosted their price objective on shares of CBRE Group from $42.00 to $43.00 and gave the company an “overweight” rating in a research report on Tuesday, August 15th. Wedbush reaffirmed an “outperform” rating and set a $38.00 price objective on shares of CBRE Group in a research report on Wednesday, August 2nd. Finally, BidaskClub downgraded shares of CBRE Group from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $40.33.
Institutional investors have recently bought and sold shares of the business. Toronto Dominion Bank boosted its stake in CBRE Group by 25.6% during the 2nd quarter. Toronto Dominion Bank now owns 101,905 shares of the financial services provider’s stock valued at $3,709,000 after purchasing an additional 20,739 shares during the period. Aviva PLC boosted its stake in CBRE Group by 1.5% during the 2nd quarter. Aviva PLC now owns 181,175 shares of the financial services provider’s stock valued at $6,595,000 after purchasing an additional 2,720 shares during the period. Hosking Partners LLP boosted its stake in CBRE Group by 1.6% during the 2nd quarter. Hosking Partners LLP now owns 2,425,070 shares of the financial services provider’s stock valued at $88,273,000 after purchasing an additional 38,977 shares during the period. Calamos Advisors LLC boosted its stake in CBRE Group by 47.9% during the 2nd quarter. Calamos Advisors LLC now owns 165,516 shares of the financial services provider’s stock valued at $6,025,000 after purchasing an additional 53,616 shares during the period. Finally, Balyasny Asset Management LLC boosted its stake in CBRE Group by 57.8% during the 2nd quarter. Balyasny Asset Management LLC now owns 101,263 shares of the financial services provider’s stock valued at $3,686,000 after purchasing an additional 37,092 shares during the period. 96.11% of the stock is owned by hedge funds and other institutional investors.
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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