CBRE Group, Inc. (NYSE:CBRE) CAO Sells $219,740.00 in Stock

CBRE Group, Inc. (NYSE:CBRE) CAO Lindsey S. Caplan sold 2,000 shares of the business’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $109.87, for a total value of $219,740.00. Following the completion of the transaction, the chief accounting officer now directly owns 16,606 shares of the company’s stock, valued at $1,824,501.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

CBRE Group Stock Down 0.0 %

CBRE Group stock traded down $0.01 during mid-day trading on Monday, reaching $110.54. The company’s stock had a trading volume of 2,462,467 shares, compared to its average volume of 1,682,264. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.12 and a current ratio of 1.12. CBRE Group, Inc. has a 12 month low of $64.63 and a 12 month high of $112.24. The business’s 50 day simple moving average is $90.99 and its 200 day simple moving average is $90.25. The company has a market capitalization of $33.87 billion, a price-to-earnings ratio of 34.44 and a beta of 1.40.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.12. CBRE Group had a return on equity of 12.74% and a net margin of 2.79%. The company had revenue of $8.39 billion during the quarter, compared to analysts’ expectations of $8.31 billion. During the same quarter last year, the company earned $0.82 EPS. CBRE Group’s revenue for the quarter was up 8.7% compared to the same quarter last year. As a group, research analysts anticipate that CBRE Group, Inc. will post 4.83 earnings per share for the current year.

Institutional Investors Weigh In On CBRE Group

A number of institutional investors and hedge funds have recently made changes to their positions in CBRE. Norges Bank bought a new stake in shares of CBRE Group in the 4th quarter valued at about $381,164,000. Wellington Management Group LLP lifted its position in shares of CBRE Group by 164.1% in the fourth quarter. Wellington Management Group LLP now owns 4,505,177 shares of the financial services provider’s stock valued at $419,387,000 after buying an additional 2,799,097 shares during the last quarter. Swedbank AB bought a new position in shares of CBRE Group during the 1st quarter worth approximately $162,576,000. Parnassus Investments LLC acquired a new position in shares of CBRE Group during the 4th quarter worth approximately $104,277,000. Finally, Harris Associates L P raised its stake in CBRE Group by 4.5% in the 4th quarter. Harris Associates L P now owns 16,005,141 shares of the financial services provider’s stock valued at $1,489,919,000 after acquiring an additional 683,225 shares during the period. Institutional investors own 98.41% of the company’s stock.

Wall Street Analysts Forecast Growth

CBRE has been the subject of several research analyst reports. StockNews.com lowered CBRE Group from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Jefferies Financial Group assumed coverage on shares of CBRE Group in a report on Wednesday, April 10th. They issued a “hold” rating and a $107.00 price target for the company. Evercore ISI upgraded shares of CBRE Group from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $100.00 to $123.00 in a report on Friday. Keefe, Bruyette & Woods boosted their price objective on shares of CBRE Group from $100.00 to $110.00 and gave the company a “market perform” rating in a research report on Thursday. Finally, Morgan Stanley initiated coverage on CBRE Group in a report on Thursday. They set an “equal weight” rating and a $105.00 target price for the company. Five investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, CBRE Group has a consensus rating of “Moderate Buy” and an average price target of $108.86.

CBRE Group Company Profile

CBRE Group, Inc operates as a commercial real estate services and investment company in the United States, the United Kingdom, and internationally. The Advisory Services segment offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing of offices, and industrial and retail space; clients fully integrated property sales services under the CBRE Capital Markets brand; clients commercial mortgage and structured financing services; originates and sells commercial mortgage loans; property management services, such as marketing, building engineering, accounting, and financial services on a contractual basis for owners of and investors in office, industrial, and retail properties; and valuation services that include market value appraisals, litigation support, discounted cash flow analyses, and feasibility studies, as well as consulting services, such as property condition reports, hotel advisory, and environmental consulting.