ibusinesslines.com June 29, 2017

CBRE Group Inc (CBG) Stock Rating Reaffirmed by Wedbush

20 April 2017, 04:17 | Jodi Jackson

Sell-side analyst recommendations point to a short term price target of $38 on the shares of CBRE Group, Inc. Conning Inc. acquired a new stake in shares of CBRE Group during the third quarter worth $205,000.

Other hedge funds have also added to or reduced their stakes in the company. ValueAct Holdings - L.P. bought $98.94 million worth of stock. The Texas-based Nokomis Capital L.L.C. has invested 1.09% in the stock. Bank of Montreal Can raised its position in shares of CBRE Group by 3.8% in the third quarter. Insiders now own 0.90% of total outstanding shares.

8/25/2015-Sterne Agee CRT initiated coverage with a Buy rating. BlackRock Institutional Trust Company N.A. now owns 7,717,050 shares of the company's stock worth $215,923,000 after buying an additional 240,166 shares in the last quarter. Stifel Financial holds 0.01% of its portfolio in CBRE Group Inc (NYSE:CBG) for 44,721 shares.

University of MI professor and noted insider trading researcher discovered that when insiders bought shares of their own companies, the stocks outperformed the total market by 8.9% over the next 12-month period. Tredje AP fonden boosted its stake in shares of CBRE Group by 55.3% in the fourth quarter. Harris Associates L P now owns 17,642,329 shares of the financial services provider's stock valued at $493,633,000 after buying an additional 1,601,492 shares during the last quarter.

On 3/7/2017, Zacks Investment Research released a statement for CBRE Group Inc (NYSE:CBG) bumped up the target price from $0.00 to $42.00 that suggested an upside of 0.16%. The share price has moved backward from its 20 days moving average -0.53% and positively from its 50 days moving average 2.39%. The company has a market cap of $11.10 billion, a PE ratio of 19.75 and a beta of 1.70. CBRE Group has a 12-month low of $24.11 and a 12-month high of $36.74. LAFITTE MICHAEL J also sold $525,032 worth of CBRE Group Inc (NYSE:CBG) shares. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.79 by $0.14.

In the profitability analysis, net profit margin of the firm was recorded at 4.40% and operating profit margin was calculated at 6.20% while gross profit margin was measured as 30.20%. The firm earned $3.80 billion during the quarter, compared to analysts' expectations of $3.89 billion. CBRE Group's quarterly revenue was up 3.4% compared to the same quarter a year ago. Equities research analysts expect that CBRE Group will post $2.38 earnings per share for the current fiscal year. CBRE Group had 10 analyst reports since August 12, 2015 according to SRatingsIntel. If you are reading this piece on another publication, it was copied illegally and republished in violation of US & global trademark and copyright legislation. The shares have been given a mean Buy rating keeping in view the consensus of 10 Analysts.

Another critical number in evaluating a stock is P/E or Price to Earnings ratio. Keefe, Bruyette & Woods reissued a "hold" rating on shares of CBRE Group in a report on Thursday, March 16th.

Amid volatile financial markets and the presidential election, various investment brokerages have made amendments to their price targets and ratings on shares of CBRE Group, Inc. They now have a Dollars 32 price target on the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

On 2/16/2017 Gil Borok, CFO, sold 36,209 with an average share price of $35.35 per share and the total transaction amounting to $1,279,988.15. The disclosure for this sale can be found here. When they sold shares, the stock underperformed 5.4%.

CBRE Group, Inc.is a holding company that conducts all of its activities through its subsidiaries. The Company operates as a commercial real estate services and investment company.

Other News

Trending Now

Deported man with DACA status suing to return to U.S.
The lawsuit seeks records explaining why Montes was deported to Mexico, alleging violations of the Freedom of Information Act. Wednesday on Fox News, Attorney General Jeff Sessions denied that DACA recipients are being targeted for deportation.

Turkey's AKP eyes gradual Erdogan return to party after referendum win
The final results are due to be published in around 10 days and it is in this period that the YSK will consider the objections. It has instead relied on its main argument that the decision to accept unstamped ballots was unlawful.

Warriors to sit Kevin Durant for Game 2 vs. Trail Blazers
We've got a lot of talent and we've won plenty of games in the last couple years with guys down, and that's the plan tonight". When your two best players score 75 points together and you still lose the game , there isn't much left to be hopeful about.

F. Gary Gray Is Now The Highest-Grossing Black Director In History
The diverse cast, themes of brotherly love, and James Bond-style stunts are credited with drawing a healthy mix of moviegoers. China is "a safety net right now for Hollywood", said Jeff Bock, senior box office analyst at Exhibitor Relations Co.

Donald Trump signs 'Buy American, Hire American' executive order
The visas are doled out through a lottery system, and there are usually about three times as many applicants as there are visas. The H-1B visa program paves the way for the majority of highly-skilled workers from other countries to work in the U.S.

Aaron Hernandez Death Scene Details: Blood, A Bible & A Chilling Message!
He committed suicide in his prison cell before his appeal, officials said , and so his conviction was abated. The 27-year-old was serving a life sentence for the 2013 killing of Odin Loyd .

Novice Democrat tops Georgia race, but faces runoff
Ossoff will have to face Republican candidate Karen Handel in a runoff election in June. Handel won just 19.8%, but in Trump's eyes, that's a "BIG" win.