Insider Selling: CBRE Group, Inc. (CBG) Director Sells $831,165.31 in Stock

CBRE Group, Inc. (NYSE:CBG) Director Frederic V. Malek sold 19,379 shares of the business’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $42.89, for a total transaction of $831,165.31. Following the completion of the sale, the director now directly owns 267,446 shares in the company, valued at approximately $11,470,758.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

CBRE Group, Inc. (NYSE:CBG) opened at $42.83 on Monday. The firm has a market cap of $14,539.03, a price-to-earnings ratio of 16.16, a P/E/G ratio of 1.24 and a beta of 1.83. CBRE Group, Inc. has a fifty-two week low of $28.91 and a fifty-two week high of $43.35. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.66.

CBRE Group (NYSE:CBG) last issued its earnings results on Friday, November 3rd. The financial services provider reported $0.64 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.10. The business had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.45 billion. CBRE Group had a net margin of 5.75% and a return on equity of 26.22%. The firm’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.50 earnings per share. analysts anticipate that CBRE Group, Inc. will post 2.67 EPS for the current year.

Several large investors have recently added to or reduced their stakes in the business. Sentry Investment Management LLC increased its holdings in shares of CBRE Group by 0.3% in the second quarter. Sentry Investment Management LLC now owns 21,861 shares of the financial services provider’s stock valued at $796,000 after purchasing an additional 59 shares during the last quarter. Wetherby Asset Management Inc. increased its holdings in shares of CBRE Group by 0.7% in the second quarter. Wetherby Asset Management Inc. now owns 13,970 shares of the financial services provider’s stock valued at $509,000 after purchasing an additional 93 shares during the last quarter. Ameritas Investment Partners Inc. increased its holdings in shares of CBRE Group by 1.4% in the second quarter. Ameritas Investment Partners Inc. now owns 7,240 shares of the financial services provider’s stock valued at $263,000 after purchasing an additional 99 shares during the last quarter. CIBC Asset Management Inc increased its holdings in shares of CBRE Group by 0.4% in the second quarter. CIBC Asset Management Inc now owns 29,272 shares of the financial services provider’s stock valued at $1,066,000 after purchasing an additional 113 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased its holdings in shares of CBRE Group by 1.1% in the second quarter. Louisiana State Employees Retirement System now owns 18,700 shares of the financial services provider’s stock valued at $681,000 after purchasing an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 96.11% of the company’s stock.

A number of brokerages recently weighed in on CBG. Bank of America Corporation boosted their target price on shares of CBRE Group from $42.00 to $44.00 and gave the stock a “buy” rating in a report on Monday, November 6th. Barclays PLC boosted their target price on shares of CBRE Group from $42.00 to $43.00 and gave the stock an “overweight” rating in a report on Tuesday, August 15th. BidaskClub downgraded shares of CBRE Group from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Finally, Wedbush restated an “outperform” rating and set a $38.00 target price on shares of CBRE Group in a report on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. CBRE Group has a consensus rating of “Hold” and a consensus target price of $40.33.

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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.

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

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