Trade Report: The Q4 2016 Earnings Forecast for CBRE Group Inc. (CBG) Issued By William Blair

The Q4 2016 Earnings Forecast for CBRE Group Inc. (CBG) Issued By William Blair

CBRE Group Inc. (NYSE:CBG) – Research analysts at William Blair reduced their Q4 2016 EPS estimates for CBRE Group in a research note issued to investors on Sunday. William Blair analyst B. Dobell now forecasts that the brokerage will earn $0.86 per share for the quarter, down from their previous estimate of $0.87.

CBRE Group (NYSE:CBG) last posted its earnings results on Thursday, July 28th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.51 by $0.01. The firm earned $3.20 billion during the quarter, compared to the consensus estimate of $3.19 billion. CBRE Group had a return on equity of 26.58% and a net margin of 4.28%. The business’s quarterly revenue was up 34.2% on a year-over-year basis. During the same period last year, the company earned $0.42 earnings per share.

Other analysts have also issued reports about the company. Zacks Investment Research lowered CBRE Group from a “hold” rating to a “sell” rating in a research note on Monday, July 18th. Wedbush initiated coverage on CBRE Group in a research note on Wednesday, October 5th. They set an “outperform” rating and a $35.00 price objective on the stock. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $38.60.

CBRE Group (NYSE:CBG) traded down 0.48% during trading on Wednesday, reaching $26.90. The company’s stock had a trading volume of 659,670 shares. CBRE Group has a 52-week low of $22.74 and a 52-week high of $38.49. The company has a market cap of $9.01 billion, a PE ratio of 17.04 and a beta of 1.99. The stock has a 50-day moving average price of $28.58 and a 200 day moving average price of $28.80.

In other news, insider Michael J. Lafitte sold 25,000 shares of the company’s stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $29.90, for a total value of $747,500.00. Following the completion of the transaction, the insider now directly owns 338,053 shares in the company, valued at approximately $10,107,784.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Valueact Capital Master Fund, acquired 1,502,200 shares of the business’s stock in a transaction dated Wednesday, August 3rd. The stock was purchased at an average price of $28.31 per share, with a total value of $42,527,282.00. The disclosure for this purchase can be found here. 1.10% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the company. Northwestern Mutual Investment Management Company LLC boosted its stake in shares of CBRE Group by 0.3% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 11,133 shares of the company’s stock valued at $295,000 after buying an additional 31 shares in the last quarter. Integrated Investment Consultants LLC boosted its stake in shares of CBRE Group by 0.8% in the second quarter. Integrated Investment Consultants LLC now owns 8,154 shares of the company’s stock valued at $216,000 after buying an additional 62 shares in the last quarter. Independent Portfolio Consultants Inc. boosted its stake in shares of CBRE Group by 0.3% in the third quarter. Independent Portfolio Consultants Inc. now owns 24,596 shares of the company’s stock valued at $688,000 after buying an additional 85 shares in the last quarter. Mn Services Vermogensbeheer B.V. boosted its stake in shares of CBRE Group by 2.8% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 7,641 shares of the company’s stock valued at $182,000 after buying an additional 210 shares in the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD boosted its stake in shares of CBRE Group by 1.1% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 23,015 shares of the company’s stock valued at $609,000 after buying an additional 250 shares in the last quarter. Hedge funds and other institutional investors own 95.71% of the company’s stock.

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