CBRE Group, Inc. (NYSE:CBRE) CAO Lindsey S. Caplan Sells 1,935 Shares of Stock

CBRE Group, Inc. (NYSE:CBRE) CAO Lindsey S. Caplan sold 1,935 shares of the business’s stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $140.00, for a total value of $270,900.00. Following the transaction, the chief accounting officer now directly owns 20,131 shares of the company’s stock, valued at $2,818,340. This trade represents a 8.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

CBRE Group Trading Up 2.3%

CBRE opened at $138.33 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.00 and a quick ratio of 1.00. CBRE Group, Inc. has a fifty-two week low of $85.74 and a fifty-two week high of $147.75. The company’s 50 day moving average price is $127.36 and its two-hundred day moving average price is $130.95. The firm has a market capitalization of $41.24 billion, a price-to-earnings ratio of 42.30 and a beta of 1.29.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.05. The company had revenue of $8.91 billion for the quarter, compared to analyst estimates of $8.73 billion. CBRE Group had a net margin of 2.74% and a return on equity of 17.37%. CBRE Group’s revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.78 earnings per share. As a group, research analysts predict that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. SBI Securities Co. Ltd. bought a new stake in shares of CBRE Group in the 4th quarter valued at $25,000. WPG Advisers LLC acquired a new position in CBRE Group in the first quarter valued at $26,000. Investment Management Corp VA ADV bought a new stake in CBRE Group during the fourth quarter valued at $28,000. Hughes Financial Services LLC bought a new stake in CBRE Group during the first quarter valued at $28,000. Finally, Golden State Wealth Management LLC grew its holdings in CBRE Group by 687.1% during the 1st quarter. Golden State Wealth Management LLC now owns 244 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 213 shares during the period. 98.41% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on CBRE shares. JPMorgan Chase & Co. decreased their target price on CBRE Group from $163.00 to $141.00 and set an “overweight” rating on the stock in a research report on Thursday, April 10th. Wall Street Zen downgraded shares of CBRE Group from a “buy” rating to a “hold” rating in a research note on Saturday, June 14th. Keefe, Bruyette & Woods lifted their price target on shares of CBRE Group from $129.00 to $131.00 and gave the company a “market perform” rating in a report on Wednesday, April 30th. Morgan Stanley reiterated an “overweight” rating and set a $170.00 price objective (up from $160.00) on shares of CBRE Group in a research report on Thursday, June 12th. Finally, UBS Group cut their target price on shares of CBRE Group from $146.00 to $130.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $150.33.

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.