CBRE Group Inc (CBRE) Insider Sells $904,487.00 in Stock

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CBRE Group Inc (NYSE:CBRE) insider J. Christopher Kirk sold 17,900 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $50.53, for a total value of $904,487.00. Following the sale, the insider now directly owns 151,499 shares in the company, valued at $7,655,244.47. The transaction was disclosed in a filing with the SEC, which is available at this link.

Shares of CBRE opened at $50.11 on Friday. The firm has a market cap of $16.72 billion, a P/E ratio of 15.28, a P/E/G ratio of 1.27 and a beta of 1.72. The company has a quick ratio of 1.01, a current ratio of 1.16 and a debt-to-equity ratio of 0.35. CBRE Group Inc has a 12 month low of $37.45 and a 12 month high of $51.35.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings data on Wednesday, February 13th. The financial services provider reported $1.21 EPS for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.08. The firm had revenue of $6.29 billion during the quarter, compared to the consensus estimate of $5.96 billion. CBRE Group had a return on equity of 23.93% and a net margin of 4.98%. The firm’s revenue was up 14.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.96 EPS. On average, equities analysts forecast that CBRE Group Inc will post 3.57 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Lindbrook Capital LLC bought a new position in shares of CBRE Group in the fourth quarter worth $27,000. Oregon Public Employees Retirement Fund grew its stake in shares of CBRE Group by 1,895.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,377,536 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 1,308,488 shares in the last quarter. Van ECK Associates Corp bought a new position in shares of CBRE Group in the fourth quarter worth $38,000. Whitnell & Co. grew its stake in shares of CBRE Group by 200.0% in the fourth quarter. Whitnell & Co. now owns 1,500 shares of the financial services provider’s stock worth $60,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Quantamental Technologies LLC bought a new position in shares of CBRE Group in the fourth quarter worth $61,000. Hedge funds and other institutional investors own 93.04% of the company’s stock.

A number of brokerages recently commented on CBRE. JMP Securities restated a “hold” rating on shares of CBRE Group in a research note on Monday. Bank of America set a $54.00 price objective on CBRE Group and gave the stock a “hold” rating in a research note on Friday, March 8th. Zacks Investment Research upgraded CBRE Group from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research note on Tuesday, February 19th. Finally, William Blair restated an “outperform” rating on shares of CBRE Group in a research note on Wednesday, February 13th. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. CBRE Group has a consensus rating of “Buy” and an average target price of $55.75.

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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.

Further Reading: What is the price-to-earnings growth (PEG) ratio?

Insider Buying and Selling by Quarter for CBRE Group (NYSE:CBRE)

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