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.
TRADEMARK VIOLATION NOTICE: “CBRE Group Inc (CBG) Plans Quarterly Dividend of $0.25” was originally posted by Zolmax and is owned by of Zolmax. If you are accessing this piece of content on another site, it was copied illegally and republished in violation of United States & international copyright laws. The legal version of this piece of content can be read at https://zolmax.com/investing/cbre-group-inc-cbg-plans-quarterly-dividend-of-0-25/1942981.html.
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.
Receive News & Ratings for CBRE Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CBRE Group and related companies with MarketBeat.com's FREE daily email newsletter.