Insider Selling: CBRE Group Inc (NYSE:CBRE) CEO Sells 40,000 Shares of Stock

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CBRE Group Inc (NYSE:CBRE) CEO Robert E. Sulentic sold 40,000 shares of CBRE Group stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $50.00, for a total value of $2,000,000.00. Following the transaction, the chief executive officer now directly owns 841,601 shares in the company, valued at $42,080,050. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

CBRE traded down $0.15 during trading on Friday, reaching $49.58. The company had a trading volume of 26,871 shares, compared to its average volume of 1,630,507. The stock has a market capitalization of $16.50 billion, a P/E ratio of 15.11, a P/E/G ratio of 1.24 and a beta of 1.70. CBRE Group Inc has a 12-month low of $37.45 and a 12-month high of $52.41. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.52.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings results on Wednesday, May 8th. The financial services provider reported $0.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.20. The firm had revenue of $5.14 billion for the quarter, compared to analysts’ expectations of $5.09 billion. CBRE Group had a return on equity of 24.72% and a net margin of 4.94%. CBRE Group’s revenue was up 9.9% on a year-over-year basis. During the same quarter last year, the business posted $0.54 EPS. On average, research analysts predict that CBRE Group Inc will post 3.61 earnings per share for the current year.

A number of research analysts recently issued reports on CBRE shares. Zacks Investment Research raised CBRE Group from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a report on Tuesday, February 19th. Bank of America set a $54.00 target price on CBRE Group and gave the stock a “hold” rating in a report on Friday, March 8th. Finally, JMP Securities reaffirmed a “hold” rating on shares of CBRE Group in a report on Monday, March 11th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $56.33.

A number of institutional investors and hedge funds have recently modified their holdings of CBRE. Lindbrook Capital LLC purchased a new position in CBRE Group in the 4th quarter worth about $27,000. Rational Advisors LLC increased its stake in CBRE Group by 347.6% in the 1st quarter. Rational Advisors LLC now owns 640 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 497 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in CBRE Group by 1,895.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,377,536 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 1,308,488 shares in the last quarter. CX Institutional purchased a new position in CBRE Group in the 1st quarter worth about $35,000. Finally, Van ECK Associates Corp purchased a new position in CBRE Group in the 4th quarter worth about $38,000. 93.08% of the stock is currently owned by hedge funds and other institutional investors.

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About CBRE Group

CBRE Group, Inc operates as a commercial real estate services and investment company worldwide. It operates through Americas; Europe, Middle East and Africa; Asia Pacific; Global Investment Management; and Development Services segments. The company offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing; integrated property sales, and mortgage and structured financing services under the CBRE Capital Markets brand; 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.

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