CBRE Group, Inc. (NYSE:CBRE) CEO Sells 1,000 Shares

Key Points

• CBRE Group CEO Vikramaditya Kohli sold 1,000 shares at an average price of $154.90, reducing his ownership to 111,473 shares valued at approximately $17.27 million.
• The company reported quarterly earnings of $1.19 per share, exceeding analysts' expectations and indicating strong performance with revenues of $9.75 billion.
• Institutional investors hold a significant stake, with 98.41% of CBRE's stock owned by large investment firms, including a new position added by Norges Bank worth about $544 million.

CBRE Group, Inc. (NYSE:CBRE - Get Free Report) CEO Vikramaditya Kohli sold 1,000 shares of the firm's stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $154.90, for a total value of $154,900.00. Following the completion of the transaction, the chief executive officer owned 111,473 shares of the company's stock, valued at approximately $17,267,167.70. This represents a 0.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

CBRE Group Price Performance

NYSE CBRE traded up $3.57 during trading hours on Wednesday, reaching $159.69. 1,703,299 shares of the stock traded hands, compared to its average volume of 1,731,039. The stock has a 50 day simple moving average of $142.54 and a two-hundred day simple moving average of $134.22. CBRE Group, Inc. has a 1 year low of $108.45 and a 1 year high of $161.03. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market cap of $47.52 billion, a price-to-earnings ratio of 44.73 and a beta of 1.34.

CBRE Group (NYSE:CBRE - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $1.19 earnings per share for the quarter, beating analysts' consensus estimates of $1.05 by $0.14. CBRE Group had a return on equity of 18.89% and a net margin of 2.86%. The business had revenue of $9.75 billion for the quarter, compared to the consensus estimate of $9.50 billion. On average, analysts predict that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Institutional Investors Weigh In On CBRE Group

Large investors have recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of CBRE Group during the second quarter valued at about $544,554,000. Massachusetts Financial Services Co. MA grew its stake in shares of CBRE Group by 217.4% during the first quarter. Massachusetts Financial Services Co. MA now owns 3,913,299 shares of the financial services provider's stock valued at $511,781,000 after buying an additional 2,680,337 shares during the last quarter. Nuveen LLC bought a new position in shares of CBRE Group during the first quarter valued at about $214,283,000. GAMMA Investing LLC grew its stake in shares of CBRE Group by 20,889.0% during the first quarter. GAMMA Investing LLC now owns 1,291,453 shares of the financial services provider's stock valued at $168,896,000 after buying an additional 1,285,300 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of CBRE Group by 85.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,147,783 shares of the financial services provider's stock valued at $281,984,000 after buying an additional 991,354 shares during the last quarter. Hedge funds and other institutional investors own 98.41% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on CBRE shares. UBS Group upped their price target on CBRE Group from $130.00 to $146.00 and gave the company a "neutral" rating in a research report on Wednesday, July 2nd. Morgan Stanley reiterated an "overweight" rating and set a $170.00 price target (up from $160.00) on shares of CBRE Group in a research report on Thursday, June 12th. Keefe, Bruyette & Woods upped their price target on CBRE Group from $131.00 to $147.00 and gave the company a "market perform" rating in a research report on Thursday, July 24th. Raymond James Financial increased their price objective on CBRE Group from $163.00 to $166.00 and gave the stock an "outperform" rating in a research report on Thursday, July 24th. Finally, Wall Street Zen upgraded CBRE Group from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. 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. According to data from MarketBeat, CBRE Group has a consensus rating of "Moderate Buy" and a consensus target price of $158.00.

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.

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