CBRE Group, Inc. (NYSE:CBG) CFO Sells $956,655.91 in Stock
CBRE Group, Inc. (NYSE:CBG) CFO Gil Borok sold 25,627 shares of the stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $37.33, for a total value of $956,655.91. Following the transaction, the chief financial officer now owns 76,651 shares of the company’s stock, valued at approximately $2,861,381.83. The transaction was disclosed in a filing with the SEC, which is available at this link.
CBRE Group, Inc. (NYSE CBG) traded down 0.32% during trading on Friday, reaching $37.32. The company’s stock had a trading volume of 1,155,172 shares. The company has a market cap of $12.58 billion, a P/E ratio of 18.21 and a beta of 1.83. CBRE Group, Inc. has a 12 month low of $25.40 and a 12 month high of $38.99. The stock’s 50-day moving average is $36.73 and its 200 day moving average is $34.80.
CBRE Group (NYSE:CBG) last announced its quarterly earnings data on Thursday, July 27th. The financial services provider reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.12. CBRE Group had a net margin of 5.21% and a return on equity of 26.40%. The firm had revenue of $3.34 billion for the quarter, compared to analyst estimates of $3.39 billion. During the same quarter in the prior year, the business earned $0.52 earnings per share. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, equities analysts forecast that CBRE Group, Inc. will post $2.57 EPS for the current fiscal year.
A number of research firms have issued reports on CBG. Wedbush reiterated an “outperform” rating and set a $38.00 target price on shares of CBRE Group in a report on Wednesday. UBS AG began coverage on CBRE Group in a report on Wednesday, July 26th. They set a “neutral” rating and a $41.00 target price for the company. Barclays PLC increased their target price on CBRE Group from $40.00 to $42.00 and gave the stock an “overweight” rating in a report on Tuesday, July 18th. Zacks Investment Research upgraded CBRE Group from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a report on Friday, July 7th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $36.00 target price on shares of CBRE Group in a report on Tuesday, May 30th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $39.40.
Several large investors have recently bought and sold shares of the company. State of Alaska Department of Revenue acquired a new stake in CBRE Group during the first quarter valued at approximately $116,000. Harbour Capital Advisors LLC acquired a new stake in CBRE Group during the first quarter valued at approximately $118,000. Pettee Investors Inc. acquired a new stake in CBRE Group during the first quarter valued at approximately $203,000. Cambridge Investment Research Advisors Inc. acquired a new stake in CBRE Group during the first quarter valued at approximately $206,000. Finally, Harbor Advisors LLC acquired a new stake in CBRE Group during the first quarter valued at approximately $209,000. 96.36% of the stock is owned by 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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