CBRE Group, Inc. (NYSE:CBRE) CAO Sells $232,122.78 in Stock

CBRE Group, Inc. (NYSE:CBRE) CAO Lindsey S. Caplan sold 1,494 shares of the company’s stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $155.37, for a total transaction of $232,122.78. Following the completion of the transaction, the chief accounting officer directly owned 26,717 shares of the company’s stock, valued at approximately $4,151,020.29. The trade was a 5.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

CBRE Group Stock Performance

Shares of CBRE opened at $153.89 on Friday. The stock has a market capitalization of $45.79 billion, a PE ratio of 43.11 and a beta of 1.30. The business’s fifty day moving average price is $137.49 and its 200 day moving average price is $133.22. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.13 and a quick ratio of 1.00. CBRE Group, Inc. has a 12-month low of $105.17 and a 12-month high of $161.03.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.14. CBRE Group had a net margin of 2.86% and a return on equity of 18.89%. The company had revenue of $9.75 billion for the quarter, compared to the consensus estimate of $9.50 billion. Equities research analysts forecast that CBRE Group, Inc. will post 5.99 EPS for the current year.

Hedge Funds Weigh In On CBRE Group

Large investors have recently bought and sold shares of the business. Brighton Jones LLC lifted its holdings in shares of CBRE Group by 322.9% in the 4th quarter. Brighton Jones LLC now owns 14,492 shares of the financial services provider’s stock worth $1,903,000 after purchasing an additional 11,065 shares during the last quarter. LPL Financial LLC increased its position in CBRE Group by 69.1% in the fourth quarter. LPL Financial LLC now owns 69,863 shares of the financial services provider’s stock worth $9,172,000 after buying an additional 28,547 shares during the period. Edmond DE Rothschild Holding S.A. lifted its stake in CBRE Group by 125.8% in the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 14,586 shares of the financial services provider’s stock valued at $1,915,000 after buying an additional 8,126 shares during the last quarter. HighPoint Advisor Group LLC boosted its holdings in shares of CBRE Group by 3.8% during the fourth quarter. HighPoint Advisor Group LLC now owns 3,259 shares of the financial services provider’s stock valued at $462,000 after acquiring an additional 119 shares during the period. Finally, National Bank of Canada FI grew its position in shares of CBRE Group by 8.0% during the fourth quarter. National Bank of Canada FI now owns 152,318 shares of the financial services provider’s stock worth $19,997,000 after acquiring an additional 11,340 shares during the last quarter. Institutional investors own 98.41% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on CBRE. Evercore ISI boosted their price target on CBRE Group from $147.00 to $164.00 and gave the stock an “outperform” rating in a research note on Wednesday. Morgan Stanley reiterated an “overweight” rating and set a $170.00 target price (up from $160.00) on shares of CBRE Group in a research note on Thursday, June 12th. Raymond James Financial lifted their price target on shares of CBRE Group from $163.00 to $166.00 and gave the stock an “outperform” rating in a research note on Thursday, July 24th. UBS Group increased their price objective on shares of CBRE Group from $130.00 to $146.00 and gave the company a “neutral” rating in a research note on Wednesday, July 2nd. Finally, Keefe, Bruyette & Woods raised their price objective on shares of CBRE Group from $131.00 to $147.00 and gave the stock a “market perform” rating in a report on Thursday, July 24th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $158.00.

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.