Brandon B. Boze Sells 1,200,000 Shares of CBRE Group, Inc. (NYSE:CBRE) Stock

CBRE Group, Inc. (NYSE:CBRE) Director Brandon B. Boze sold 1,200,000 shares of the company’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $84.41, for a total value of $101,292,000.00. Following the completion of the transaction, the director now owns 4,637,748 shares of the company’s stock, valued at $391,472,308.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

CBRE Group Stock Performance

CBRE Group stock opened at $86.02 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.16 and a quick ratio of 1.16. The stock has a fifty day moving average price of $83.89 and a two-hundred day moving average price of $79.00. CBRE Group, Inc. has a 52-week low of $66.31 and a 52-week high of $89.58. The firm has a market capitalization of $26.65 billion, a P/E ratio of 32.58 and a beta of 1.36.

CBRE Group (NYSE:CBRE) last released its quarterly earnings data on Thursday, July 27th. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.05. The firm had revenue of $7.72 billion during the quarter, compared to analyst estimates of $7.30 billion. CBRE Group had a return on equity of 15.42% and a net margin of 2.74%. The business’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.83 earnings per share. As a group, analysts anticipate that CBRE Group, Inc. will post 4.39 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Raymond James cut their target price on CBRE Group from $102.00 to $100.00 and set a “strong-buy” rating for the company in a research note on Friday, July 28th. StockNews.com initiated coverage on CBRE Group in a research note on Thursday, August 17th. They issued a “hold” rating for the company. Finally, Evercore ISI dropped their price objective on CBRE Group from $85.00 to $84.00 in a research note on Friday, June 23rd. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, CBRE Group currently has an average rating of “Moderate Buy” and an average price target of $88.14.

Institutional Trading of CBRE Group

Several large investors have recently made changes to their positions in CBRE. HighTower Advisors LLC grew its holdings in shares of CBRE Group by 6.1% during the first quarter. HighTower Advisors LLC now owns 14,759 shares of the financial services provider’s stock worth $1,344,000 after purchasing an additional 845 shares during the last quarter. Vontobel Holding Ltd. grew its holdings in shares of CBRE Group by 7.5% during the first quarter. Vontobel Holding Ltd. now owns 9,053 shares of the financial services provider’s stock worth $839,000 after purchasing an additional 634 shares during the last quarter. Brown Brothers Harriman & Co. grew its holdings in shares of CBRE Group by 7,628.6% during the first quarter. Brown Brothers Harriman & Co. now owns 1,623 shares of the financial services provider’s stock worth $149,000 after purchasing an additional 1,602 shares during the last quarter. Covestor Ltd grew its holdings in shares of CBRE Group by 78.5% during the first quarter. Covestor Ltd now owns 1,085 shares of the financial services provider’s stock worth $99,000 after purchasing an additional 477 shares during the last quarter. Finally, Ergoteles LLC bought a new position in CBRE Group in the first quarter valued at about $259,000. Institutional investors own 96.71% of the company’s stock.

About CBRE Group

CBRE Group, Inc operates as a commercial real estate services and investment company worldwide. It operates through three segments: Advisory Services, Global Workplace Solutions, and Real Estate Investments segments. The Advisory Services segment provides strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing of offices; industrial and retail space; property sales and mortgage services under the CBRE Capital Markets brand; property and project management services, including construction management, marketing, building engineering, lease administration, accounting, and financial services for owners of and investors in office, industrial, and retail properties; 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.