CBRE Group Inc (NYSE:CBRE) Director Curtis F. Feeny sold 4,000 shares of CBRE Group stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $47.25, for a total transaction of $189,000.00. Following the transaction, the director now directly owns 8,444 shares in the company, valued at $398,979. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
CBRE traded up $0.52 during trading hours on Tuesday, hitting $47.30. 1,070,465 shares of the company’s stock were exchanged, compared to its average volume of 1,567,243. CBRE Group Inc has a 12-month low of $37.45 and a 12-month high of $52.41. The company has a market cap of $15.91 billion, a P/E ratio of 14.42, a PEG ratio of 1.19 and a beta of 1.71. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.52.
CBRE Group (NYSE:CBRE) last announced its earnings results on Wednesday, May 8th. The financial services provider reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.20. CBRE Group had a net margin of 4.94% and a return on equity of 24.72%. The firm had revenue of $5.14 billion for the quarter, compared to the consensus estimate of $5.09 billion. During the same period in the prior year, the firm earned $0.54 EPS. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. Research analysts forecast that CBRE Group Inc will post 3.61 earnings per share for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc purchased a new stake in CBRE Group during the 3rd quarter worth approximately $2,289,833,000. BlackRock Inc. increased its stake in CBRE Group by 1.6% during the 1st quarter. BlackRock Inc. now owns 22,982,394 shares of the financial services provider’s stock worth $1,136,481,000 after buying an additional 363,540 shares during the period. Harris Associates L P grew its holdings in CBRE Group by 7.5% during the 4th 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. FMR LLC grew its holdings in CBRE Group by 3.5% during the 4th 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. Finally, Wells Fargo & Company MN grew its holdings in CBRE Group by 5.5% during the 1st quarter. Wells Fargo & Company MN now owns 7,371,531 shares of the financial services provider’s stock worth $364,523,000 after acquiring an additional 384,607 shares in the last quarter. 94.48% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have recently issued reports on the stock. JMP Securities reissued a “hold” rating on shares of CBRE Group in a research note on Monday, March 11th. Zacks Investment Research raised shares of CBRE Group from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a research note on Tuesday, February 19th. Bank of America set a $54.00 price target on shares of CBRE Group and gave the company a “hold” rating in a research note on Friday, March 8th. Finally, William Blair reissued an “outperform” rating on shares of CBRE Group in a research note on Wednesday, February 13th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $56.33.
TRADEMARK VIOLATION NOTICE: “CBRE Group Inc (CBRE) Director Sells $189,000.00 in Stock” was posted by Highlight Press and is the sole property of of Highlight Press. If you are accessing this article on another website, it was stolen and reposted in violation of international copyright & trademark legislation. The legal version of this article can be accessed at https://highlightpress.com/2019/05/21/cbre-group-inc-cbre-director-sells-189000-00-in-stock.html.
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.
See Also: What is net income?
Receive News & Ratings for CBRE Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CBRE Group and related companies with MarketBeat.com's FREE daily email newsletter.