Shares of CBRE Group Inc (NYSE:CBG) hit a new 52-week high on Friday . The stock traded as high as $45.65 and last traded at $45.19, with a volume of 1460600 shares trading hands. The stock had previously closed at $44.99.
Several analysts have weighed in on CBG shares. Barclays reiterated a “buy” rating and issued a $47.00 price objective on shares of CBRE Group in a research report on Wednesday, December 27th. Bank of America boosted their price objective on CBRE Group from $42.00 to $44.00 and gave the company a “buy” rating in a research report on Monday, November 6th. Finally, Zacks Investment Research raised CBRE Group from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a research note on Wednesday, January 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $42.83.
The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.66. The company has a market cap of $15,272.27, a P/E ratio of 19.48, a PEG ratio of 1.24 and a beta of 1.87.
In related news, Director Frederic V. Malek sold 50,000 shares of the company’s stock in a transaction on Friday, November 24th. The stock was sold at an average price of $42.87, for a total value of $2,143,500.00. Following the sale, the director now directly owns 267,446 shares of the company’s stock, valued at $11,465,410.02. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP J. Christopher Kirk sold 20,000 shares of the company’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $43.32, for a total value of $866,400.00. Following the completion of the sale, the executive vice president now directly owns 118,162 shares in the company, valued at $5,118,777.84. The disclosure for this sale can be found here. Insiders have sold 2,988,565 shares of company stock worth $127,627,161 over the last three months. Insiders own 1.00% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. Toronto Dominion Bank boosted its holdings in CBRE Group by 25.6% in the second quarter. Toronto Dominion Bank now owns 101,905 shares of the financial services provider’s stock worth $3,709,000 after acquiring an additional 20,739 shares in the last quarter. Balyasny Asset Management LLC boosted its holdings in CBRE Group by 57.8% in the second quarter. Balyasny Asset Management LLC now owns 101,263 shares of the financial services provider’s stock worth $3,686,000 after acquiring an additional 37,092 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in CBRE Group by 70.9% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 313,724 shares of the financial services provider’s stock worth $11,884,000 after acquiring an additional 130,144 shares in the last quarter. Chicago Equity Partners LLC bought a new stake in CBRE Group in the third quarter worth $748,000. Finally, Candriam Luxembourg S.C.A. boosted its holdings in CBRE Group by 1.0% in the third quarter. Candriam Luxembourg S.C.A. now owns 589,741 shares of the financial services provider’s stock worth $22,339,000 after acquiring an additional 6,060 shares in the last quarter. 94.74% of the stock is currently owned by institutional investors.
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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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