CBRE Group Inc (CBG) Plans Quarterly Dividend of $0.25

CBRE Group Inc (NYSE:CBG) declared a quarterly dividend on Monday, February 12th, RTT News reports. Investors of record on Monday, April 23rd will be paid a dividend of 0.25 per share by the financial services provider on Tuesday, May 22nd. This represents a $1.00 annualized dividend and a dividend yield of 2.31%.

Shares of CBRE Group (CBG) traded up $0.07 during trading on Tuesday, hitting $43.22. 92,806 shares of the company traded hands, compared to its average volume of 1,994,995. The stock has a market cap of $14,223.34, a price-to-earnings ratio of 21.26, a P/E/G ratio of 1.05 and a beta of 1.83. The company has a quick ratio of 1.28, a current ratio of 1.08 and a debt-to-equity ratio of 0.49. CBRE Group has a 52-week low of $32.30 and a 52-week high of $46.60.

CBRE Group (NYSE:CBG) last announced its quarterly earnings data on Thursday, February 8th. The financial services provider reported $0.99 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.06. The firm had revenue of $4.34 billion during the quarter, compared to analyst estimates of $4.12 billion. CBRE Group had a net margin of 4.87% and a return on equity of 25.03%. CBRE Group’s revenue was up 13.4% on a year-over-year basis. During the same period last year, the firm posted $0.93 EPS. analysts anticipate that CBRE Group will post 3.08 EPS for the current year.

CBG has been the subject of several research analyst reports. Barclays reaffirmed a “buy” rating and issued a $47.00 price objective on shares of CBRE Group in a research report on Wednesday, December 27th. ValuEngine raised shares of CBRE Group from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Wedbush reissued an “outperform” rating and set a $46.50 price target on shares of CBRE Group in a research report on Monday. Zacks Investment Research raised shares of CBRE Group from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a research report on Friday, February 2nd. Finally, William Blair reissued an “outperform” rating on shares of CBRE Group in a research report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $46.56.

In other news, Director Frederic V. Malek sold 6,900 shares of the firm’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $43.28, for a total transaction of $298,632.00. Following the sale, the director now owns 267,446 shares of the company’s stock, valued at approximately $11,575,062.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP J. Christopher Kirk sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $43.32, for a total transaction of $866,400.00. Following the sale, the executive vice president now directly owns 118,162 shares in the company, valued at approximately $5,118,777.84. The disclosure for this sale can be found here. Insiders have sold a total of 2,960,687 shares of company stock valued at $126,486,405 over the last three months. 1.00% of the stock is currently owned by insiders.

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About CBRE Group

CBRE Group, Inc 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.

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