CBRE Group, Inc. (NYSE:CBG) posted its quarterly earnings data on Friday. The financial services provider reported $0.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.10, Bloomberg Earnings reports. CBRE Group had a net margin of 5.21% and a return on equity of 26.40%. The business had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.45 billion. During the same period in the previous year, the firm posted $0.50 earnings per share. The business’s revenue for the quarter was up 11.2% compared to the same quarter last year. CBRE Group updated its FY17 guidance to $2.58-2.68 EPS.
CBRE Group (CBG) opened at $39.90 on Friday. The stock has a market cap of $13,483.61, a PE ratio of 15.06, a price-to-earnings-growth ratio of 1.20 and a beta of 1.83. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.71.
In related news, insider Calvin W. Frese, Jr. sold 11,307 shares of the business’s stock in a transaction on Wednesday, October 18th. The shares were sold at an average price of $40.00, for a total transaction of $452,280.00. Following the completion of the transaction, the insider now directly owns 246,473 shares in the company, valued at $9,858,920. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Calvin W. Frese, Jr. sold 25,000 shares of the business’s stock in a transaction on Friday, October 20th. The shares were sold at an average price of $40.04, for a total transaction of $1,001,000.00. Following the transaction, the insider now owns 246,473 shares of the company’s stock, valued at $9,868,778.92. The disclosure for this sale can be found here. Insiders have sold 5,706,467 shares of company stock valued at $205,082,221 over the last 90 days. 1.00% of the stock is currently owned by insiders.
Several research firms have recently commented on CBG. BidaskClub downgraded shares of CBRE Group from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. Wedbush reiterated an “outperform” rating and set a $38.00 price objective on shares of CBRE Group in a research note on Wednesday, August 2nd. Barclays PLC lifted their price objective on shares of CBRE Group from $42.00 to $43.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 15th. UBS AG began coverage on shares of CBRE Group in a research note on Wednesday, July 26th. They set a “neutral” rating and a $41.00 price objective for the company. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $36.00 price objective on shares of CBRE Group in a research note on Friday, July 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $39.60.
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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