CBRE Group Inc (CBRE) Insider Sells $59,482.52 in Stock

CBRE Group Inc (NYSE:CBRE) insider Dara Bazzano sold 1,252 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $47.51, for a total value of $59,482.52. Following the sale, the insider now directly owns 21,246 shares in the company, valued at $1,009,397.46. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

CBRE opened at $47.30 on Monday. The firm has a market cap of $15.91 billion, a PE ratio of 14.42, a P/E/G ratio of 1.19 and a beta of 1.71. CBRE Group Inc has a 52-week low of $37.45 and a 52-week high of $52.41. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.52.

CBRE Group (NYSE:CBRE) last released its earnings results on Wednesday, May 8th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.20. The company had revenue of $5.14 billion for the quarter, compared to analyst estimates of $5.09 billion. CBRE Group had a return on equity of 24.72% and a net margin of 4.94%. CBRE Group’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.54 EPS. Equities analysts forecast that CBRE Group Inc will post 3.61 earnings per share for the current year.

Several research firms have recently issued reports on CBRE. JMP Securities reissued a “hold” rating on shares of CBRE Group in a report on Monday, March 11th. Bank of America set a $54.00 target price on CBRE Group and gave the stock a “hold” rating in a report on Friday, March 8th. Zacks Investment Research raised CBRE Group from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a report on Tuesday, February 19th. Finally, William Blair reissued an “outperform” rating on shares of CBRE Group in a report on Wednesday, February 13th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $56.33.

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc acquired a new stake in CBRE Group in the third quarter valued at about $2,289,833,000. BlackRock Inc. grew its position in CBRE Group by 1.6% in the first quarter. BlackRock Inc. now owns 22,982,394 shares of the financial services provider’s stock worth $1,136,481,000 after acquiring an additional 363,540 shares in the last quarter. JPMorgan Chase & Co. purchased a new position in CBRE Group in the third quarter worth about $638,351,000. Harris Associates L P grew its position in CBRE Group by 7.5% in the fourth quarter. Harris Associates L P now owns 14,433,299 shares of the financial services provider’s stock worth $577,909,000 after acquiring an additional 1,005,359 shares in the last quarter. Finally, FMR LLC grew its position in CBRE Group by 3.5% in the fourth quarter. FMR LLC now owns 7,699,677 shares of the financial services provider’s stock worth $308,296,000 after acquiring an additional 263,050 shares in the last quarter. 94.48% of the stock is currently owned by institutional investors and hedge funds.

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CBRE Group Company Profile

CBRE Group, Inc operates as a commercial real estate services and investment company worldwide. It operates through Americas; Europe, Middle East and Africa; Asia Pacific; Global Investment Management; and Development Services segments. The company offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing; integrated property sales, and mortgage and structured financing services under the CBRE Capital Markets brand; and valuation services that include market value appraisals, litigation support, discounted cash flow analyses, and feasibility studies, as well as consulting services, such as property condition reports, hotel advisory, and environmental consulting.

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Insider Buying and Selling by Quarter for CBRE Group (NYSE:CBRE)

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