CBRE Group Inc (CBG) Given Average Recommendation of “Hold” by Analysts

Shares of CBRE Group Inc (NYSE:CBG) have been given an average rating of “Hold” by the seven brokerages that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $41.00.

CBG has been the subject of a number of research analyst reports. Barclays reiterated a “buy” rating and set a $47.00 price target on shares of CBRE Group in a report on Wednesday, December 27th. Bank of America upped their price target on CBRE Group from $42.00 to $44.00 and gave the stock a “buy” rating in a report on Monday, November 6th.

Shares of CBRE Group (NYSE CBG) opened at $44.27 on Monday. CBRE Group has a 1-year low of $29.69 and a 1-year high of $44.79. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $15,030.00, a P/E ratio of 19.16, a P/E/G ratio of 1.23 and a beta of 1.87.

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 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 company had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.45 billion. During the same period in the previous year, the company earned $0.50 earnings per share. The company’s quarterly revenue was up 11.2% compared to the same quarter last year. analysts predict that CBRE Group will post 2.67 earnings per share for the current year.

In other news, insider Calvin W. Frese, Jr. sold 11,307 shares of the business’s stock in a transaction that occurred on Wednesday, October 18th. The stock was sold at an average price of $40.00, for a total transaction of $452,280.00. Following the sale, the insider now directly owns 246,473 shares in the company, valued at $9,858,920. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP J. Christopher Kirk sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $43.32, for a total value of $866,400.00. Following the sale, the executive vice president now owns 118,162 shares in the company, valued at $5,118,777.84. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,024,872 shares of company stock valued at $129,080,441. Corporate insiders own 1.00% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Invictus RG bought a new stake in shares of CBRE Group during the third quarter valued at approximately $104,000. Fieldpoint Private Securities LLC bought a new stake in shares of CBRE Group during the third quarter valued at approximately $104,000. GQG Partners LLC bought a new stake in shares of CBRE Group during the second quarter valued at approximately $122,000. BB&T Investment Services Inc. bought a new stake in shares of CBRE Group during the second quarter valued at approximately $125,000. Finally, Zions Bancorporation increased its position in shares of CBRE Group by 5,136.8% during the third quarter. Zions Bancorporation now owns 3,561 shares of the financial services provider’s stock valued at $135,000 after purchasing an additional 3,493 shares during the period. Institutional investors and hedge funds 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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