Short Interest in CBRE Group, Inc. (NYSE:CBRE) Decreases By 5.8%

CBRE Group, Inc. (NYSE:CBRE) was the recipient of a significant decline in short interest in November. As of November 15th, there was short interest totalling 4,530,000 shares, a decline of 5.8% from the October 31st total of 4,810,000 shares. Currently, 1.5% of the company’s shares are short sold. Based on an average trading volume of 1,780,000 shares, the short-interest ratio is currently 2.5 days.

Insiders Place Their Bets

In other news, CFO Emma E. Giamartino sold 1,815 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $131.34, for a total transaction of $238,382.10. Following the completion of 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On CBRE Group

Several institutional investors and hedge funds have recently bought and sold shares of CBRE. Canton Hathaway LLC acquired a new position in shares of CBRE Group in the 3rd quarter valued at approximately $27,000. American National Bank & Trust bought a new stake in CBRE Group during the third quarter worth $28,000. Benjamin F. Edwards & Company Inc. increased its stake in shares of CBRE Group by 190.3% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 328 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 215 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of CBRE Group during the 3rd quarter worth $32,000. Finally, Wolff Wiese Magana LLC grew its position in CBRE Group by 2,830.0% in the third quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 283 shares during the last quarter. Institutional investors own 98.41% of the company’s stock.

CBRE Group Stock Performance

Shares of NYSE:CBRE opened at $137.13 on Wednesday. CBRE Group has a 12-month low of $80.59 and a 12-month high of $142.00. The company’s 50 day moving average price is $129.41 and its two-hundred day moving average price is $111.24. The firm has a market cap of $41.96 billion, a PE ratio of 44.09 and a beta of 1.39. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.34.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.14. The firm had revenue of $9.04 billion for the quarter, compared to analyst estimates of $8.80 billion. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. The company’s revenue was up 14.8% on a year-over-year basis. During the same quarter last year, the company earned $0.72 EPS. Equities research analysts predict that CBRE Group will post 4.99 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently issued reports on CBRE shares. Wolfe Research raised CBRE Group to a “strong-buy” rating in a research report on Friday, August 16th. Evercore ISI boosted their price target on CBRE Group from $123.00 to $132.00 and gave the stock an “outperform” rating in a research report on Friday, October 4th. Keefe, Bruyette & Woods increased their price objective on CBRE Group from $125.00 to $138.00 and gave the company a “market perform” rating in a report on Tuesday, October 29th. Finally, Citigroup upped their price target on shares of CBRE Group from $130.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Five equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, CBRE Group currently has an average rating of “Moderate Buy” and a consensus target price of $123.00.

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.