Insider Selling: CBRE Group, Inc. (CBG) Director Sells 6,900 Shares of Stock
CBRE Group, Inc. (NYSE:CBG) Director Frederic V. Malek sold 6,900 shares of the firm’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $43.28, for a total value of $298,632.00. Following the completion of the transaction, the director now owns 267,446 shares of the company’s stock, valued at approximately $11,575,062.88. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Shares of CBRE Group, Inc. (CBG) traded down $0.02 during midday trading on Wednesday, reaching $43.33. The company’s stock had a trading volume of 1,497,700 shares, compared to its average volume of 1,960,241. The company has a market cap of $14,715.55, a P/E ratio of 16.36, a P/E/G ratio of 1.25 and a beta of 1.86. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.66. 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, beating the Zacks’ consensus estimate of $0.54 by $0.10. The firm had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.45 billion. CBRE Group had a return on equity of 26.22% and a net margin of 5.75%. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter last year, the company posted $0.50 EPS. equities research analysts predict that CBRE Group, Inc. will post 2.67 EPS for the current fiscal year.
Several research analysts have commented on CBG shares. Bank of America raised their target price on CBRE Group from $42.00 to $44.00 and gave the stock a “buy” rating in a research note on Monday, November 6th. Barclays raised their target price on CBRE Group from $42.00 to $43.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 15th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $40.33.
Institutional investors and hedge funds have recently modified their holdings of the company. Toronto Dominion Bank boosted its position in shares of 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 acquiring an additional 20,739 shares during the last quarter. Aviva PLC boosted its position in shares of 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 acquiring an additional 2,720 shares during the last quarter. Hosking Partners LLP boosted its position in shares of 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 acquiring an additional 38,977 shares during the last quarter. Calamos Advisors LLC boosted its position in shares of 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 acquiring an additional 53,616 shares during the last quarter. Finally, Balyasny Asset Management LLC boosted its position in shares of 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 acquiring an additional 37,092 shares during the last quarter. Hedge funds and other institutional investors own 95.00% of the company’s stock.
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.
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