CBRE Group, Inc. (NYSE:CBRE) CFO Emma E. Giamartino Sells 2,000 Shares

CBRE Group, Inc. (NYSE:CBRE) CFO Emma E. Giamartino sold 2,000 shares of the company’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $125.69, for a total value of $251,380.00. Following the completion of the sale, the chief financial officer now owns 107,343 shares of the company’s stock, valued at $13,491,941.67. This represents a 1.83 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

CBRE Group Price Performance

Shares of NYSE CBRE traded up $2.42 during mid-day trading on Wednesday, hitting $128.73. 2,341,129 shares of the stock traded hands, compared to its average volume of 1,663,546. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 1.13. CBRE Group, Inc. has a twelve month low of $84.24 and a twelve month high of $147.75. The company has a market cap of $38.62 billion, a PE ratio of 41.00 and a beta of 1.42. The firm has a 50 day simple moving average of $137.24 and a two-hundred day simple moving average of $131.46.

CBRE Group (NYSE:CBRE) last announced its earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.12. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. As a group, equities research analysts forecast that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CBRE. Norges Bank bought a new position in CBRE Group during the 4th quarter worth $514,609,000. FMR LLC raised its position in shares of CBRE Group by 85.6% in the 3rd quarter. FMR LLC now owns 7,587,042 shares of the financial services provider’s stock worth $944,435,000 after acquiring an additional 3,498,244 shares in the last quarter. Artisan Partners Limited Partnership raised its position in shares of CBRE Group by 290.0% in the 4th quarter. Artisan Partners Limited Partnership now owns 4,050,089 shares of the financial services provider’s stock worth $531,736,000 after acquiring an additional 3,011,566 shares in the last quarter. Alphinity Investment Management Pty Ltd bought a new position in shares of CBRE Group in the 4th quarter worth about $190,695,000. Finally, Manning & Napier Advisors LLC bought a new position in shares of CBRE Group in the 4th quarter worth about $175,978,000. 98.41% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CBRE. JPMorgan Chase & Co. raised CBRE Group from a “neutral” rating to an “overweight” rating and increased their price target for the company from $120.00 to $163.00 in a research report on Monday, December 16th. Morgan Stanley increased their price target on CBRE Group from $160.00 to $165.00 and gave the company an “overweight” rating in a research report on Wednesday, February 19th. The Goldman Sachs Group began coverage on CBRE Group in a research report on Friday, December 6th. They set a “buy” rating and a $176.00 price target for the company. Keefe, Bruyette & Woods increased their price target on CBRE Group from $142.00 to $145.00 and gave the company a “market perform” rating in a research report on Friday, February 14th. Finally, Raymond James cut CBRE Group from a “strong-buy” rating to an “outperform” rating and reduced their price target for the company from $155.00 to $152.00 in a research report on Friday, January 24th. 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’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $149.89.

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.