CBRE Group, Inc. (CBG) EVP Laurence H. Midler Sells 7,878 Shares
CBRE Group, Inc. (NYSE:CBG) EVP Laurence H. Midler sold 7,878 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $40.69, for a total transaction of $320,555.82. Following the completion of the sale, the executive vice president now owns 82,663 shares of the company’s stock, valued at $3,363,557.47. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of CBRE Group, Inc. (NYSE CBG) opened at $42.18 on Tuesday. The stock has a market cap of $14,097.74, a P/E ratio of 15.67, a P/E/G ratio of 1.22 and a beta of 1.83. CBRE Group, Inc. has a fifty-two week low of $27.68 and a fifty-two week high of $42.21. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.66.
CBRE Group (NYSE:CBG) last posted its earnings results on Friday, November 3rd. The financial services provider reported $0.64 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 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 quarterly revenue was up 11.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.50 EPS. analysts predict that CBRE Group, Inc. will post 2.63 earnings per share for the current fiscal year.
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Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of CBRE Group by 4.6% in the second quarter. Vanguard Group Inc. now owns 29,111,569 shares of the financial services provider’s stock valued at $1,059,662,000 after buying an additional 1,289,368 shares in the last quarter. BlackRock Inc. lifted its stake in shares of CBRE Group by 6.1% in the 2nd quarter. BlackRock Inc. now owns 20,546,977 shares of the financial services provider’s stock valued at $747,911,000 after purchasing an additional 1,175,336 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in CBRE Group by 8.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 12,848,701 shares of the financial services provider’s stock worth $467,693,000 after acquiring an additional 1,006,321 shares in the last quarter. FMR LLC lifted its stake in CBRE Group by 10.6% during the 2nd quarter. FMR LLC now owns 10,837,894 shares of the financial services provider’s stock worth $394,500,000 after acquiring an additional 1,040,182 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in CBRE Group by 5.8% during the 2nd quarter. Principal Financial Group Inc. now owns 10,568,915 shares of the financial services provider’s stock worth $384,708,000 after acquiring an additional 575,408 shares in the last quarter. Hedge funds and other institutional investors own 95.65% of the company’s stock.
CBG has been the topic of a number of research analyst reports. Barclays PLC boosted their price objective on shares of CBRE Group from $40.00 to $42.00 and gave the company an “overweight” rating in a research report on Tuesday, July 18th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $36.00 target price on shares of CBRE Group in a research report on Friday, July 21st. Bank of America Corporation upped their target price on shares of CBRE Group from $42.00 to $44.00 and gave the stock a “buy” rating in a research report on Monday, November 6th. BidaskClub cut shares of CBRE Group from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. Finally, UBS AG assumed coverage on shares of CBRE Group in a research note on Wednesday, July 26th. They issued a “neutral” rating and a $41.00 price target on the stock. One equities 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 stock. CBRE Group has a consensus rating of “Hold” and a consensus price target of $40.33.
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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