Revenue Update on CBRE Group Inc(NYSE:CBG)

CBRE Group Inc(NYSE:CBG) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $3.21B. Analysts estimated a revenue of $3.19B. Earnings per share were $0.52. Analysts had estimated an EPS of $0.51.

In a different note, Keefe Bruyette & Woods said it Initiates Coverage on CBRE Group Inc, according to a research note issued on May 16, 2016. The shares have been rated ‘Market Perform’ by the firm.

CBRE Group Inc (CBG) shares turned negative on Thursdays trading session with the shares closing down -0.07 points or -0.24% at a volume of 23,71,030. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $29.16. The peak price level was also seen at $29.16 while the days lowest was $28.49. Finally the shares closed at $28.7. The 52-week high of the shares is $38.63 while the 52-week low is $22.735. According to the latest information available, the market cap of the company is $9,627 M.

Several Insider Transactions has been reported to the SEC. On Jun 14, 2016, James R Groch (Chief Financial Officer) sold 10,000 shares at $30.20 per share price.Also, On May 12, 2016, Michael Kantor (director) sold 10,980 shares at $29.17 per share price.On May 2, 2016, Michael J Lafitte (Chief Operating Officer) sold 15,000 shares at $31.04 per share price, according to the Form-4 filing with the securities and exchange commission.

CBRE Group Inc. is a holding company that conducts all of its operations through its indirect subsidiaries. The Company is a commercial real estate services and investment firm. The Company operates through the segments: Americas; Europe Middle East and Africa; Asia Pacific; Global Investment Management and Development Services. It offers services to occupiers owners lenders and investors in office retail industrial multifamily and other types of commercial real estate. Its business is focused on competencies including commercial property and corporate facilities management tenant/occupier and property/agency leasing capital markets solutions (property sales commercial mortgage origination and servicing and debt/structured finance) real estate investment management valuation development services and research. It generates revenues from management fees on a contractual and per-project basis and from commissions on transactions. It also offers Global Workplace Solutions.

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