Analysts Set CBRE Group Inc (CBG) PT at $41.00

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.

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

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.

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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.

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