Short Interest in CBRE Group, Inc. (NYSE:CBRE) Expands By 14.6%

CBRE Group, Inc. (NYSE:CBRE) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 5,430,000 shares, an increase of 14.6% from the December 31st total of 4,740,000 shares. Based on an average trading volume of 1,900,000 shares, the days-to-cover ratio is presently 2.9 days. Approximately 1.8% of the shares of the company are sold short.

Insider Activity

In other news, CFO Emma E. Giamartino sold 1,815 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $131.34, for a total transaction of $238,382.10. Following the transaction, the chief financial officer now directly owns 70,154 shares of the company’s stock, valued at $9,214,026.36. This represents a 2.52 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On CBRE Group

A number of institutional investors have recently bought and sold shares of the business. Canton Hathaway LLC purchased a new position in shares of CBRE Group in the third quarter valued at about $27,000. American National Bank & Trust purchased a new position in CBRE Group in the 3rd quarter worth approximately $28,000. Ashton Thomas Securities LLC bought a new position in CBRE Group in the 3rd quarter worth approximately $32,000. Wolff Wiese Magana LLC boosted its stake in CBRE Group by 2,830.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 283 shares during the period. Finally, Asset Dedication LLC purchased a new stake in CBRE Group during the 3rd quarter valued at approximately $40,000. Hedge funds and other institutional investors own 98.41% of the company’s stock.

CBRE Group Stock Performance

Shares of NYSE CBRE opened at $144.74 on Monday. The stock has a market cap of $44.29 billion, a PE ratio of 46.54 and a beta of 1.39. CBRE Group has a 1 year low of $82.75 and a 1 year high of $147.10. The firm has a fifty day moving average price of $135.15 and a 200-day moving average price of $124.86. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.13 and a quick ratio of 1.13.

Analysts Set New Price Targets

Several research analysts have issued reports on CBRE shares. Citigroup raised their target price on CBRE Group from $130.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. The Goldman Sachs Group started coverage on shares of CBRE Group in a research note on Friday, December 6th. They issued a “buy” rating and a $176.00 price objective on the stock. Evercore ISI cut their target price on shares of CBRE Group from $147.00 to $141.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. Raymond James downgraded shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and decreased their price target for the stock from $155.00 to $152.00 in a research report on Friday, January 24th. Finally, JPMorgan Chase & Co. upgraded shares of CBRE Group from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $120.00 to $163.00 in a research note on Monday, December 16th. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $148.56.

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.