Shares of CBRE Group Inc (NYSE:CBG) hit a new 52-week high during trading on Monday . The stock traded as high as $44.32 and last traded at $43.25, with a volume of 4035800 shares changing hands. The stock had previously closed at $42.58.
Separately, Bank of America increased their price objective on CBRE Group from $42.00 to $44.00 and gave the company a “buy” rating in a report on Monday, November 6th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. CBRE Group has an average rating of “Hold” and an average price target of $40.33.
The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.28 and a current ratio of 1.28. The firm has a market cap of $14,681.61, a price-to-earnings ratio of 16.32, a P/E/G ratio of 1.25 and a beta of 1.86.
In other news, Director Frederic V. Malek sold 6,900 shares of the stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $43.28, for a total transaction of $298,632.00. Following the completion of the sale, the director now owns 267,446 shares in the company, valued at approximately $11,575,062.88. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO William F. Concannon sold 25,000 shares of the stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $39.02, for a total value of $975,500.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,049,872 shares of company stock valued at $130,055,941. Company insiders own 1.00% of the company’s stock.
A number of hedge funds have recently modified their holdings of CBG. Janus Henderson Group PLC raised its stake in CBRE Group by 13,158.3% in the 2nd quarter. Janus Henderson Group PLC now owns 5,733,291 shares of the financial services provider’s stock worth $208,691,000 after acquiring an additional 5,690,048 shares during the last quarter. Alliancebernstein L.P. raised its stake in CBRE Group by 273.3% in the 2nd quarter. Alliancebernstein L.P. now owns 3,275,845 shares of the financial services provider’s stock worth $119,241,000 after acquiring an additional 2,398,384 shares during the last quarter. AJO LP raised its stake in CBRE Group by 314.1% in the 2nd quarter. AJO LP now owns 2,887,891 shares of the financial services provider’s stock worth $105,119,000 after acquiring an additional 2,190,476 shares during the last quarter. Prudential Financial Inc. raised its stake in CBRE Group by 123.2% in the 2nd quarter. Prudential Financial Inc. now owns 3,626,928 shares of the financial services provider’s stock worth $132,020,000 after acquiring an additional 2,002,209 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in CBRE Group by 4.6% in the 2nd quarter. Vanguard Group Inc. now owns 29,111,569 shares of the financial services provider’s stock worth $1,059,662,000 after acquiring an additional 1,289,368 shares during the last quarter. Institutional investors own 94.58% of the company’s stock.
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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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