Insider Selling: CBRE Group, Inc. (CBG) Insider Sells $1,942,200.00 in Stock

CBRE Group, Inc. (NYSE:CBG) insider Robert E. Sulentic sold 45,000 shares of the company’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $43.16, for a total transaction of $1,942,200.00. Following the completion of the sale, the insider now directly owns 637,971 shares of the company’s stock, valued at approximately $27,534,828.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of CBRE Group, Inc. (NYSE CBG) opened at $43.19 on Monday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.28 and a quick ratio of 1.28. CBRE Group, Inc. has a 1 year low of $29.45 and a 1 year high of $43.54. The company has a market cap of $14,661.24, a PE ratio of 16.30, a price-to-earnings-growth ratio of 1.25 and a beta of 1.86.

CBRE Group (NYSE:CBG) last issued its quarterly earnings results on Friday, November 3rd. The financial services provider reported $0.64 EPS for the quarter, topping the consensus estimate of $0.54 by $0.10. CBRE Group had a net margin of 5.75% and a return on equity of 26.22%. 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 business earned $0.50 earnings per share. CBRE Group’s revenue for the quarter was up 11.2% compared to the same quarter last year. equities analysts anticipate that CBRE Group, Inc. will post 2.67 EPS for the current year.

Several equities research analysts recently weighed in on CBG shares. Bank of America upped their price objective on shares of CBRE Group from $42.00 to $44.00 and gave the stock a “buy” rating in a report on Monday, November 6th. Barclays upped their price objective on shares of CBRE Group from $42.00 to $43.00 and gave the stock an “overweight” rating in a report on Tuesday, August 15th. Finally, BidaskClub downgraded shares of CBRE Group from a “hold” rating to a “sell” rating in a report on Friday, August 11th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. CBRE Group currently has a consensus rating of “Hold” and a consensus price target of $40.33.

Institutional investors have recently modified their holdings of the business. Sentry Investment Management LLC raised its holdings in CBRE Group by 0.3% during the 2nd quarter. Sentry Investment Management LLC now owns 21,861 shares of the financial services provider’s stock worth $796,000 after buying an additional 59 shares during the period. Wetherby Asset Management Inc. raised its holdings in CBRE Group by 0.7% during the 2nd quarter. Wetherby Asset Management Inc. now owns 13,970 shares of the financial services provider’s stock worth $509,000 after buying an additional 93 shares during the period. Ameritas Investment Partners Inc. raised its holdings in CBRE Group by 1.4% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 7,240 shares of the financial services provider’s stock worth $263,000 after buying an additional 99 shares during the period. CIBC Asset Management Inc raised its holdings in CBRE Group by 0.4% during the 2nd quarter. CIBC Asset Management Inc now owns 29,272 shares of the financial services provider’s stock worth $1,066,000 after buying an additional 113 shares during the period. Finally, Louisiana State Employees Retirement System raised its holdings in CBRE Group by 1.1% during the 2nd quarter. Louisiana State Employees Retirement System now owns 18,700 shares of the financial services provider’s stock worth $681,000 after buying an additional 200 shares during the period. Hedge funds and other institutional investors own 95.00% of the company’s stock.

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About CBRE Group

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.

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

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