CBRE Group (CBG) Sets New 12-Month High at $45.65

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.

CBRE Group (NYSE:CBG) last posted its earnings results on Friday, November 3rd. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.10. CBRE Group had a return on equity of 26.22% and a net margin of 5.75%. The firm had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.45 billion. During the same period in the previous year, the firm earned $0.50 earnings per share. The business’s revenue was up 11.2% compared to the same quarter last year. research analysts forecast that CBRE Group Inc will post 2.66 EPS for the current fiscal year.

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.

WARNING: This story was published by Ticker Report and is owned by of Ticker Report. If you are reading this story on another publication, it was stolen and republished in violation of US and international copyright & trademark legislation. The correct version of this story can be read at https://www.tickerreport.com/banking-finance/3146058/cbre-group-cbg-sets-new-12-month-high-at-45-65.html.

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.

Receive News & Ratings for CBRE Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CBRE Group and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


© 2006-2018 Ticker Report. Google+.