Shares of CBRE Group Inc (NYSE:CBG) have been given a consensus rating of “Hold” by the seven analysts that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $42.83.
A number of equities analysts have recently issued reports on the company. Zacks Investment Research upgraded CBRE Group from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a report on Wednesday. Barclays reiterated a “buy” rating and issued a $47.00 price objective on shares of CBRE Group in a report on Wednesday, December 27th. Finally, Bank of America upped their price objective on CBRE Group from $42.00 to $44.00 and gave the stock a “buy” rating in a report on Monday, November 6th.
CBRE Group (NYSE:CBG) traded up $0.85 on Monday, hitting $45.12. The stock had a trading volume of 1,064,340 shares, compared to its average volume of 1,959,714. CBRE Group has a 1 year low of $29.69 and a 1 year high of $45.50. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.28 and a quick ratio of 1.28. The stock has a market cap of $15,030.00, a PE ratio of 19.53, a P/E/G ratio of 1.23 and a beta of 1.87.
In related news, insider Calvin W. Frese, Jr. sold 25,000 shares of the stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $40.04, for a total transaction of $1,001,000.00. Following the completion of the sale, the insider now directly owns 246,473 shares in the company, valued at approximately $9,868,778.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Holdings L.P. Valueact sold 84,500 shares of the stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $42.82, for a total value of $3,618,290.00. The disclosure for this sale can be found here. Insiders have sold a total of 3,024,872 shares of company stock valued at $129,080,441 over the last 90 days. 1.00% of the stock is currently owned by company insiders.
A number of hedge funds have recently modified their holdings of the stock. Sentry Investment Management LLC boosted 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 valued at $796,000 after acquiring an additional 59 shares during the period. Ameritas Investment Partners Inc. boosted 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 valued at $263,000 after acquiring an additional 99 shares during the period. Thrivent Financial For Lutherans boosted its holdings in CBRE Group by 1.5% during the 2nd quarter. Thrivent Financial For Lutherans now owns 17,969 shares of the financial services provider’s stock valued at $654,000 after acquiring an additional 270 shares during the period. Advisor Group Inc. boosted its holdings in CBRE Group by 6.6% during the 2nd quarter. Advisor Group Inc. now owns 5,480 shares of the financial services provider’s stock valued at $198,000 after acquiring an additional 337 shares during the period. Finally, Macquarie Group Ltd. boosted its holdings in CBRE Group by 5.6% during the 2nd quarter. Macquarie Group Ltd. now owns 7,600 shares of the financial services provider’s stock valued at $277,000 after acquiring an additional 400 shares during the period. Institutional investors own 94.58% of the company’s stock.
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.
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