CBRE Group Inc (NYSE: CBRE) is 4.46% higher on its value in year-to-date trading and has touched a low of $64.63 and a high of $98.65 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CBRE stock was last observed hovering at around $96.84 in the last trading session, with the day’s gains setting it 0.4%.
Currently trading at $97.24, the stock is 3.36% and 7.89% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.71 million and changing 0.41% at the moment leaves the stock 17.21% off its SMA200. CBRE registered 42.06% gain for a year compared to 6-month gain of 32.32%. The firm has a 50-day simple moving average (SMA 50) of $1.04 and a 200-day simple moving average (SMA200) of $19.44.
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The stock witnessed a 6.62% loss in the last 1 month and extending the period to 3 months gives it a 3.84%, and is -0.90% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.53% over the week and 1.87% over the month.
CBRE Group Inc (CBRE) has around 130000 employees, a market worth around $29.73B and $31.95B in sales. Current P/E ratio is 30.69 and Fwd P/E is 17.05. Profit margin for the company is 3.09%. Distance from 52-week low is 50.46% and -1.43% from its 52-week high. The company has generated returns on investments over the last 12 months (8.06%).
CBRE Group Inc quarterly earnings per share for the current quarter are estimated at $0.67 with sales reaching $7.97B over the same period.The EPS is expected to grow by 17.27% this year, but quarterly earnings will post 10.40% year-over-year. Quarterly sales are estimated to grow 12.50% in year-over-year returns.
CBRE Group Inc (CBRE) Top Institutional Holders
1,109 institutions hold shares in CBRE Group Inc (CBRE), with institutional investors hold 101.47% of the company’s shares. The shares outstanding are 304.89M, and float is at 303.05M with Short Float at 1.82%. Institutions hold 100.93% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 49.15 million shares valued at $3.97 billion. The investor’s holdings represent 15.86% of the CBRE Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 28.05 million shares valued at $2.26 billion to account for 9.05% of the shares outstanding. The other top investors are Harris Associates L.P. which holds 14.74 million shares representing 4.76% and valued at over $1.19 billion, while State Street Corporation holds 4.35% of the shares totaling 13.46 million with a market value of $1.09 billion.
CBRE Group Inc (CBRE) Insider Activity
The most recent transaction is an insider sale by Giamartino Emma E.,the company’sChief Financial Officer. SEC filings show that Giamartino Emma E. sold 704 shares of the company’s common stock on Mar 12 ’24 at a price of $93.36 per share for a total of $65725.0. Following the sale, the insider now owns 71646.0 shares.
CBRE Group Inc disclosed in a document filed with the SEC on Mar 11 ’24 that Giamartino Emma E. (Chief Financial Officer) sold a total of 2,667 shares of the company’s common stock. The trade occurred on Mar 11 ’24 and was made at $93.53 per share for $0.25 million. Following the transaction, the insider now directly holds 72350.0 shares of the CBRE stock.
Still, SEC filings show that on Feb 22 ’24, Durburg John E (CEO, Advisory Services) disposed off 25,000 shares at an average price of $92.20 for $2.31 million. The insider now directly holds 207,856 shares of CBRE Group Inc (CBRE).
