CBRE Group (CBG) Sets New 1-Year High at $44.32

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.

CBRE Group (NYSE:CBG) last issued its quarterly earnings data on Friday, November 3rd. The financial services provider reported $0.64 EPS for the quarter, beating the 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 during the quarter, compared to analyst estimates of $3.45 billion. During the same quarter in the prior year, the business posted $0.50 EPS. The business’s revenue for the quarter was up 11.2% compared to the same quarter last year. equities research analysts predict that CBRE Group Inc will post 2.67 earnings per share for the current year.

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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