CBRE Group Inc (NYSE:CBRE) Insider Sells $2,756,500.00 in Stock

CBRE Group Inc (NYSE:CBRE) insider James R. Groch sold 50,000 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $55.13, for a total transaction of $2,756,500.00. Following the transaction, the insider now directly owns 404,918 shares in the company, valued at approximately $22,323,129.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of CBRE stock traded down $0.99 during trading hours on Friday, hitting $53.51. 1,337,467 shares of the company were exchanged, compared to its average volume of 1,521,041. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.16 and a quick ratio of 1.16. CBRE Group Inc has a one year low of $37.45 and a one year high of $56.47. The firm has a 50-day moving average price of $51.91. The company has a market cap of $17.89 billion, a PE ratio of 16.31, a price-to-earnings-growth ratio of 1.33 and a beta of 1.70.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings results on Thursday, August 1st. The financial services provider reported $0.81 EPS for the quarter, topping the consensus estimate of $0.78 by $0.03. CBRE Group had a net margin of 4.94% and a return on equity of 24.72%. The business had revenue of $5.71 billion for the quarter, compared to analysts’ expectations of $5.59 billion. During the same quarter last year, the company posted $0.74 earnings per share. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. As a group, sell-side analysts expect that CBRE Group Inc will post 3.63 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of CBRE. Hexavest Inc. bought a new position in CBRE Group in the second quarter worth about $30,000. Rational Advisors LLC lifted its holdings in CBRE Group by 347.6% in the first quarter. Rational Advisors LLC now owns 640 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 497 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in CBRE Group in the second quarter worth about $33,000. CX Institutional bought a new position in CBRE Group in the first quarter worth about $35,000. Finally, Enterprise Financial Services Corp lifted its holdings in CBRE Group by 680.6% in the second quarter. Enterprise Financial Services Corp now owns 765 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 667 shares during the last quarter. 93.33% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have recently commented on CBRE. Compass Point began coverage on shares of CBRE Group in a research report on Wednesday, July 10th. They set a “neutral” rating and a $54.00 price target on the stock. Raymond James increased their price target on shares of CBRE Group from $65.00 to $67.00 and gave the stock a “strong-buy” rating in a research report on Friday. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. CBRE Group presently has a consensus rating of “Buy” and a consensus price target of $58.00.

About CBRE Group

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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