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.
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.
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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