Media stories about CBRE Group (NYSE:CBG) have been trending somewhat positive on Wednesday, according to Accern. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. CBRE Group earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 46.0895257871786 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
- CBRE Group Inc (CBG) Insider William F. Concannon Sells 29,483 Shares (americanbankingnews.com)
- Frederic V. Malek Sells 50,000 Shares of CBRE Group Inc (CBG) Stock (americanbankingnews.com)
- Los Angeles ranks as most attractive commercial real estate market (finance.yahoo.com)
- Hedge Fund and Insider Trading News: Elliott Management, Marcato Capital Management, CBRE Group Inc (CBG), AbbVie Inc (ABBV), Neogen Corporation (NEOG), and More (feedproxy.google.com)
- CBRE Group (CBG) Up 10.2% Since Earnings Report: Can It Continue? (finance.yahoo.com)
CBG has been the subject of several analyst reports. Barclays reaffirmed a “buy” rating and issued a $47.00 price objective on shares of CBRE Group in a research note on Wednesday, December 27th. ValuEngine raised CBRE Group from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Wedbush reaffirmed an “outperform” rating and issued a $46.50 price objective on shares of CBRE Group in a research note on Monday, February 12th. Zacks Investment Research raised CBRE Group from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a research note on Friday, February 2nd. Finally, William Blair reaffirmed an “outperform” rating on shares of CBRE Group in a research note on Friday, February 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $47.28.
CBRE Group (NYSE:CBG) last issued its quarterly earnings results on Thursday, February 8th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.06. CBRE Group had a return on equity of 25.03% and a net margin of 4.87%. The firm had revenue of $4.34 billion during the quarter, compared to analyst estimates of $4.12 billion. During the same period last year, the company earned $0.93 EPS. CBRE Group’s quarterly revenue was up 13.4% compared to the same quarter last year. equities research analysts anticipate that CBRE Group will post 3.07 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 22nd. Investors of record on Monday, April 23rd will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.12%.
In related news, insider Brandon Boze sold 5,000,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $45.78, for a total transaction of $228,900,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider William F. Concannon sold 29,483 shares of the firm’s stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $47.68, for a total value of $1,405,749.44. Following the sale, the insider now directly owns 261,226 shares of the company’s stock, valued at $12,455,255.68. The disclosure for this sale can be found here. Insiders have sold a total of 5,228,290 shares of company stock valued at $239,282,352 over the last three months. 1.00% of the stock is owned by corporate 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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