CBRE Group Inc (NYSE:CBRE) Insider Sells $2,000,000.00 in Stock

CBRE Group Inc (NYSE:CBRE) insider Robert E. Sulentic sold 40,000 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $50.00, for a total value of $2,000,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

NYSE CBRE traded up $1.19 on Friday, reaching $51.65. The stock had a trading volume of 1,007,016 shares, compared to its average volume of 1,519,951. The firm has a market capitalization of $17.78 billion, a price-to-earnings ratio of 15.75, a P/E/G ratio of 1.28 and a beta of 1.70. The company has a quick ratio of 1.16, a current ratio of 1.17 and a debt-to-equity ratio of 0.51. CBRE Group Inc has a 12-month low of $37.45 and a 12-month high of $56.47. The stock has a fifty day moving average price of $52.45 and a two-hundred day moving average price of $50.21.

CBRE Group (NYSE:CBRE) last announced its earnings results on Thursday, August 1st. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.03. The company had revenue of $5.71 billion for the quarter, compared to analyst estimates of $5.59 billion. CBRE Group had a return on equity of 24.14% and a net margin of 4.79%. The firm’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.74 earnings per share. Sell-side analysts forecast that CBRE Group Inc will post 3.75 earnings per share for the current fiscal year.



A number of hedge funds and other institutional investors have recently made changes to their positions in CBRE. BlackRock Inc. increased its position in shares of CBRE Group by 7.2% during the second quarter. BlackRock Inc. now owns 24,629,194 shares of the financial services provider’s stock worth $1,263,479,000 after acquiring an additional 1,646,800 shares during the period. Wells Fargo & Company MN increased its position in shares of CBRE Group by 1.5% during the second quarter. Wells Fargo & Company MN now owns 7,479,778 shares of the financial services provider’s stock worth $383,712,000 after acquiring an additional 108,247 shares during the period. APG Asset Management N.V. increased its position in shares of CBRE Group by 125.4% during the second quarter. APG Asset Management N.V. now owns 4,537,700 shares of the financial services provider’s stock worth $204,412,000 after acquiring an additional 2,524,700 shares during the period. Cohen & Steers Inc. increased its position in shares of CBRE Group by 133.4% during the second quarter. Cohen & Steers Inc. now owns 4,321,807 shares of the financial services provider’s stock worth $221,709,000 after acquiring an additional 2,470,334 shares during the period. Finally, Northern Trust Corp increased its position in shares of CBRE Group by 0.8% during the second quarter. Northern Trust Corp now owns 4,132,816 shares of the financial services provider’s stock worth $212,015,000 after acquiring an additional 33,614 shares during the period. 93.28% of the stock is currently owned by institutional investors.

A number of research firms have weighed in on CBRE. Raymond James lifted their price objective on CBRE Group from $65.00 to $67.00 and gave the company a “strong-buy” rating in a research note on Friday, August 2nd. UBS Group lifted their price objective on CBRE Group from $56.00 to $57.00 and gave the stock a “neutral” rating in a report on Monday. Finally, Compass Point assumed coverage on CBRE Group in a report on Wednesday, July 10th. They set a “neutral” rating and a $54.00 target price on the stock. Five 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 stock. The stock has an average rating of “Buy” and an average price target of $57.83.

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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