EPS for CBRE Group Inc (CBG) Expected At $0.54

July 18, 2017 - By Marie Mckinney

 EPS for CBRE Group Inc (CBG) Expected At $0.54
Investors sentiment decreased to 0.93 in 2016 Q4. Its down 0.27, from 1.2 in 2016Q3. It fall, as 62 investors sold CBRE Group Inc shares while 151 reduced holdings. 59 funds opened positions while 140 raised stakes. 321.55 million shares or 3.71% more from 310.05 million shares in 2016Q3 were reported.
Com Retail Bank reported 8,004 shares. Standard Life Ltd holds 0.11% or 1.02M shares in its portfolio. Cleararc Cap Inc owns 7,287 shares or 0.04% of their US portfolio. 165,065 are owned by Pictet Asset Mgmt. Proshare Advisors Lc has 104,875 shares. Hanson And Doremus Invest Management reported 0% stake. Moreover, Ibm Retirement Fund has 0.03% invested in CBRE Group Inc (NYSE:CBG) for 23,884 shares. Paloma Prns reported 7,496 shares. Glob Thematic Prtnrs Limited Com, New York-based fund reported 1.21 million shares. Lazard Asset Mgmt Limited Liability invested in 662 shares or 0% of the stock. Eaton Vance Mngmt stated it has 0.02% of its portfolio in CBRE Group Inc (NYSE:CBG). 242,226 were accumulated by 13D Mngmt Lc. Prudential Financial has 445,552 shares. 1,970 were accumulated by Creative Planning. First Quadrant Ltd Partnership Ca accumulated 0.02% or 26,000 shares.

Since February 10, 2017, it had 0 insider buys, and 11 insider sales for $273.06 million activity. $100,437 worth of CBRE Group Inc (NYSE:CBG) was sold by FEENY CURTIS F on Tuesday, February 21. GROCH JAMES R had sold 85,000 shares worth $2.95 million on Friday, February 10. 15,000 shares were sold by LAFITTE MICHAEL J, worth $525,032. On Friday, February 17 CONCANNON WILLIAM F sold $882,808 worth of CBRE Group Inc (NYSE:CBG) or 25,000 shares. Frese Calvin W Jr had sold 22,339 shares worth $781,865. 45,000 shares valued at $1.49M were sold by SULENTIC ROBERT E on Friday, February 10. The insider ValueAct Holdings – L.P. sold $264.00M.

Analysts await CBRE Group Inc (NYSE:CBG) to report earnings on July, 27. They expect $0.54 EPS, up 3.85 % or $0.02 from last year’s $0.52 per share. CBG’s profit will be $183.56 million for 17.09 P/E if the $0.54 EPS becomes a reality. After $0.43 actual EPS reported by CBRE Group Inc for the previous quarter, Wall Street now forecasts 25.58 % EPS growth. The stock decreased 0.62% or $0.23 during the last trading session, reaching $36.92. About 1.62 million shares traded. CBRE Group Inc (NYSE:CBG) has risen 21.33% since July 18, 2016 and is uptrending. It has outperformed by 4.63% the S&P500.

CBRE Group Inc (NYSE:CBG) Ratings Coverage

Among 5 analysts covering CBRE Group (NYSE:CBG), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. CBRE Group had 11 analyst reports since August 12, 2015 according to SRatingsIntel. Wood initiated the stock with “Market Perform” rating in Monday, May 16 report. The rating was initiated by Wedbush on Thursday, October 6 with “Outperform”. Barclays Capital maintained it with “Overweight” rating and $43 target in Thursday, September 3 report. The company was initiated on Wednesday, August 26 by Sterne Agee CRT. On Wednesday, August 12 the stock rating was downgraded by Goldman Sachs to “Conviction-Buy”. William Blair maintained CBRE Group Inc (NYSE:CBG) on Sunday, September 6 with “Outperform” rating. On Monday, May 16 the stock rating was initiated by Keefe Bruyette & Woods with “Market Perform”. Keefe Bruyette & Woods maintained CBRE Group Inc (NYSE:CBG) on Monday, May 29 with “Hold” rating.

CBRE Group, Inc. is a holding company that conducts all of its activities through its subsidiaries. The company has market cap of $12.55 billion. The Firm operates as a commercial real estate services and investment company. It has a 20.21 P/E ratio. The Firm operates through the divisions: The Americas; Europe, Middle East and Africa ; Asia Pacific; Global Investment Management, and Development Services.

More notable recent CBRE Group Inc (NYSE:CBG) news were published by: Nasdaq.com which released: “Zacks.com featured highlights: East West Bancorp, UnitedHealth, CBRE Group and …” on July 12, 2017, also Nasdaq.com with their article: “CBRE Group Buys Convergences-CVL to Boost Retail Services” published on July 14, 2017, Dallasnews.com published: “Top D-FW commercial real estate transactions for the week of July 10” on May 06, 2011. More interesting news about CBRE Group Inc (NYSE:CBG) were released by: Businesswire.com and their article: “CBRE Group, Inc. Acquires Convergences-CVL” published on July 13, 2017 as well as Businesswire.com‘s news article titled: “CBRE Group, Inc. Announces Details of Second Quarter 2017 Earnings Conference …” with publication date: July 11, 2017.

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