CBRE Group, Inc. (NYSE:CBRE) CFO Sells $360,534.79 in Stock

CBRE Group, Inc. (NYSE:CBRE) CFO Emma E. Giamartino sold 3,311 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $108.89, for a total transaction of $360,534.79. Following the completion of the sale, the chief financial officer now directly owns 71,969 shares in the company, valued at approximately $7,836,704.41. 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 $110.51 on Friday. CBRE Group, Inc. has a 12-month low of $64.63 and a 12-month high of $114.51. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.36. The company has a market cap of $33.91 billion, a PE ratio of 34.43 and a beta of 1.40. The stock has a 50-day moving average price of $96.80 and a 200-day moving average price of $92.36.

CBRE Group (NYSE:CBRE) last announced its earnings results on Thursday, July 25th. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.12. The business had revenue of $8.39 billion during the quarter, compared to analyst estimates of $8.31 billion. CBRE Group had a net margin of 2.79% and a return on equity of 12.74%. CBRE Group’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.82 earnings per share. As a group, equities analysts forecast that CBRE Group, Inc. will post 4.84 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in CBRE Group during the fourth quarter worth about $381,164,000. Wellington Management Group LLP raised its holdings in shares of CBRE Group by 164.1% during the 4th 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 in the last quarter. Swedbank AB purchased a new position in shares of CBRE Group during the 1st quarter valued at about $162,576,000. Parnassus Investments LLC bought a new stake in CBRE Group in the 4th quarter worth approximately $104,277,000. Finally, Harris Associates L P boosted its stake in CBRE Group by 4.5% in the fourth quarter. Harris Associates L P now owns 16,005,141 shares of the financial services provider’s stock worth $1,489,919,000 after buying an additional 683,225 shares in the last quarter. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CBRE has been the topic of a number of analyst reports. UBS Group lowered their target price on shares of CBRE Group from $100.00 to $95.00 and set a “neutral” rating on the stock in a report on Wednesday, July 3rd. StockNews.com lowered CBRE Group from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Morgan Stanley started coverage on CBRE Group in a research note on Thursday, July 25th. They issued an “equal weight” rating and a $105.00 target price for the company. Keefe, Bruyette & Woods upped their price target on CBRE Group from $110.00 to $120.00 and gave the company a “market perform” rating in a research report on Thursday, August 1st. Finally, Evercore ISI raised shares of CBRE Group from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $100.00 to $123.00 in a report on Friday, July 26th. Five analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $110.29.

About CBRE Group

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.