Dara Bazzano Sells 1,252 Shares of CBRE Group Inc (CBRE) Stock
CBRE Group Inc (NYSE:CBRE) insider Dara Bazzano sold 1,252 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $47.51, for a total value of $59,482.52. Following the transaction, the insider now owns 21,246 shares of the company’s stock, valued at approximately $1,009,397.46. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of CBRE opened at $47.30 on Friday. The stock has a market cap of $15.91 billion, a P/E ratio of 14.42, a P/E/G ratio of 1.19 and a beta of 1.71. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.16 and a current ratio of 1.16. CBRE Group Inc has a 52-week low of $37.45 and a 52-week high of $52.41.
CBRE Group (NYSE:CBRE) last issued its quarterly earnings data on Wednesday, May 8th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.20. The business had revenue of $5.14 billion for the quarter, compared to analysts’ expectations of $5.09 billion. CBRE Group had a return on equity of 24.72% and a net margin of 4.94%. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.54 EPS. As a group, research analysts expect that CBRE Group Inc will post 3.61 EPS for the current year.
CBRE has been the subject of several research reports. Zacks Investment Research upgraded CBRE Group from a “sell” rating to a “hold” rating in a research note on Tuesday, February 12th. Bank of America set a $54.00 price target on CBRE Group and gave the stock a “hold” rating in a research note on Friday, March 8th. JMP Securities reiterated a “hold” rating on shares of CBRE Group in a research note on Monday, March 11th. Finally, William Blair reiterated an “outperform” rating on shares of CBRE Group in a research note on Wednesday, February 13th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. CBRE Group presently has an average rating of “Buy” and a consensus price target of $56.33.
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About CBRE Group
CBRE Group, Inc operates as a commercial real estate services and investment company worldwide. It operates through Americas; Europe, Middle East and Africa; Asia Pacific; Global Investment Management; and Development Services segments. The company offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing; integrated property sales, and mortgage and structured financing services under the CBRE Capital Markets brand; and valuation services that include market value appraisals, litigation support, discounted cash flow analyses, and feasibility studies, as well as consulting services, such as property condition reports, hotel advisory, and environmental consulting.
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