Shares are trading at $36.89 which is slightly above $34.98, the 50 day moving average and just above the 200 day moving average of $33.86. The 50 day moving average went up by +5.47% and the 200 day average went up by +8.94%. (NYSE:CBG) shares saw light trading volume with 1,793K shares changing hands by the end of trading on Thursday. Volume was down 45.88% under the stocks average daily volume.
CBRE Group Inc Class A (NYSE:CBG) has been the object of insider selling activity recently. Holdings, L.p. Valueact, Director reported the sale of 7,500,000 shares of (CBG). The shares were purchased at an average price of $35.20. The Director now owns $1,209,938,400 of the stock according to the SEC filing. Director Laura D. Tyson sold 3,966 shares at an average price of $36.33 on March 10th. That brings Tyson’s holdings to $977,931 per an SEC filing yesterday.
J. Christopher Kirk, EVP, Chief Admin. Officer sold $728,000 worth of shares at an average price of $36.40 on Fri the 3rd. That brings the EVP, Chief Admin. Officer’s holdings to $4,993,206 as recorded in a recent Form 4 SEC filing.
These funds have also shifted positions in (CBG). Gateway Investment Advisers LLC grew its position by buying 25 shares an increase of 0.1% from 03/31/2017 to 06/30/2017. Gateway Investment Advisers LLC now controls 18,072 shares worth $658,000. The total value of its holdings increased 4.8%. Creative Planning expanded its stake by buying 16,223 shares an increase of 1,183.3% as of 06/30/2017. Creative Planning controls 17,594 shares with a value of $640,000. The value of the position overall is up by 1,233.3%.
Clinton Group Inc divested its ownership by selling 21,263 shares a decrease of 75.4%. Clinton Group Inc claims 6,929 shares valued at $241,000. The total value of its holdings decreased 72.9%. As of the end of the quarter Capstone Asset Management Co had disposed of 585 shares trimming its position 2.9%. The value of the company’s investment in CBRE Group Inc Class A went from $703,000 to $714,000 increasing 1.6% quarter over quarter.
On October 6 analysts at starting coverage on CBG with a rating of “Outperform”. On October 6, 2016 Wedbush started covering CBG by announcing an initial rating of “Outperform”.
Equity analyst Keefe Bruyette & Woods initiated coverage on the stock giving it an initial rating of “Market Perform” and a price target of $32.00. October 20 investment analysts at Barclays left the stock rating at “Overweight” and moved up the price target from $43.00 to $45.00.
On September 3 Barclays made no change to the company rating of “Overweight” but moved up the price target to $43.00 from $41.00. Sterne Agee CRT began coverage of the stock setting a rating of “Buy” and setting a price target of $42.00.
The company is now up by 0.65 percent from yesterday’s close. The company’s P/E ratio is 20.17 and the market value is 12.43B. As of the latest earnings report the EPS was $1.83 and is projected to be $2.42 for the current year with 336,907,000 shares outstanding. Analysts expect next quarter’s EPS to be $0.55 and the next full year EPS is projected to be $2.57.
CBRE Group, Inc., launched on February 20, 2001, is a holding company that conducts all of its operations through its subsidiaries. The Company operates as 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. The Company provides services in the office, retail, industrial, multifamily and hotel sectors of commercial real estate..Advertisement