CBRE Group’s (CBG) Hold Rating Reiterated at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reiterated their hold rating on shares of CBRE Group Inc (NYSE:CBG) in a research report sent to investors on Thursday morning.

Other analysts also recently issued research reports about the company. Zacks Investment Research raised CBRE Group from a sell rating to a hold rating in a research note on Tuesday, February 14th. Wedbush reaffirmed an outperform rating and set a $35.00 price objective (down previously from $38.00) on shares of CBRE Group in a research note on Wednesday, February 15th.

CBRE Group (NYSE:CBG) opened at 35.55 on Thursday. CBRE Group has a 52 week low of $24.11 and a 52 week high of $36.74. The firm has a 50-day moving average price of $34.31 and a 200-day moving average price of $30.53. The stock has a market cap of $11.82 billion, a P/E ratio of 21.04 and a beta of 1.70.

CBRE Group (NYSE:CBG) last issued its quarterly earnings data on Friday, February 10th. The company reported $0.93 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.13. The business had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.89 billion. CBRE Group had a return on equity of 26.37% and a net margin of 4.38%. The firm’s revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.81 EPS. On average, equities research analysts predict that CBRE Group will post $2.40 EPS for the current year.

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In other news, CFO Gil Borok sold 36,209 shares of the firm’s stock in a transaction dated Thursday, February 16th. The stock was sold at an average price of $35.35, for a total value of $1,279,988.15. Following the completion of the transaction, the chief financial officer now owns 114,014 shares in the company, valued at approximately $4,030,394.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO William F. Concannon sold 25,000 shares of the firm’s stock in a transaction dated Friday, February 17th. The shares were sold at an average price of $35.31, for a total value of $882,750.00. Following the completion of the transaction, the chief executive officer now owns 189,107 shares of the company’s stock, valued at approximately $6,677,368.17. The disclosure for this sale can be found here. Insiders sold a total of 175,175 shares of company stock worth $6,096,723 in the last three months. Company insiders own 1.10% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the company. Parkwood LLC boosted its position in CBRE Group by 0.4% in the third quarter. Parkwood LLC now owns 9,380 shares of the company’s stock worth $262,000 after buying an additional 42 shares during the last quarter. Independent Portfolio Consultants Inc. boosted its position in CBRE Group by 0.3% in the third quarter. Independent Portfolio Consultants Inc. now owns 24,596 shares of the company’s stock worth $688,000 after buying an additional 85 shares during the last quarter. TCW Group Inc. boosted its position in CBRE Group by 0.5% in the fourth quarter. TCW Group Inc. now owns 22,150 shares of the company’s stock worth $698,000 after buying an additional 100 shares during the last quarter. Argentus Capital Management LLC boosted its position in CBRE Group by 1.3% in the third quarter. Argentus Capital Management LLC now owns 8,521 shares of the company’s stock worth $238,000 after buying an additional 107 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. boosted its position in CBRE Group by 1.3% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 10,755 shares of the company’s stock worth $301,000 after buying an additional 133 shares during the last quarter. Institutional investors and hedge funds own 95.98% of the company’s stock.

CBRE Group Company Profile

CBRE Group, Inc is a holding company that conducts all of its operations through its subsidiaries. The Company is 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.

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