Insider Selling: CBRE Group, Inc. (NYSE:CBRE) CAO Sells 1,000 Shares of Stock

Key Points

• CBRE Group's CAO, Lindsey S. Caplan, sold 1,000 shares of stock at an average price of $155.37, which represents a 4.97% decrease in her ownership.
• The company reported $1.19 earnings per share for the last quarter, surpassing the consensus estimate of $1.05, with a revenue of $9.75 billion against expectations of $9.50 billion.
• Several analysts have raised their price targets for CBRE Group, with Morgan Stanley setting a new target of $170 and a consensus price target of $158 across multiple ratings.

CBRE Group, Inc. (NYSE:CBRE - Get Free Report) CAO Lindsey S. Caplan sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $155.37, for a total value of $155,370.00. Following the sale, the chief accounting officer directly owned 19,131 shares in the company, valued at approximately $2,972,383.47. This represents a 4.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

CBRE Group Price Performance

CBRE traded down $1.74 on Thursday, reaching $155.63. The company had a trading volume of 1,854,297 shares, compared to its average volume of 1,512,052. The company has a market capitalization of $46.31 billion, a P/E ratio of 43.59 and a beta of 1.30. The company has a current ratio of 1.13, a quick ratio of 1.00 and a debt-to-equity ratio of 0.51. The company has a fifty day moving average of $136.13 and a 200-day moving average of $132.80. CBRE Group, Inc. has a one year low of $105.17 and a one year high of $161.03.

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

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Morgan Stanley restated an "overweight" rating and issued a $170.00 price target (up from $160.00) on shares of CBRE Group in a research report on Thursday, June 12th. UBS Group raised their target price on shares of CBRE Group from $130.00 to $146.00 and gave the stock a "neutral" rating in a report on Wednesday, July 2nd. JPMorgan Chase & Co. lowered their target price on CBRE Group from $163.00 to $141.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. Raymond James Financial increased their price target 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, Keefe, Bruyette & Woods boosted their price objective 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. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $158.00.

Institutional Trading of CBRE Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Brighton Jones LLC increased its holdings in shares of CBRE Group by 322.9% in the fourth quarter. Brighton Jones LLC now owns 14,492 shares of the financial services provider's stock valued at $1,903,000 after buying an additional 11,065 shares in the last quarter. LPL Financial LLC raised its position in shares of CBRE Group by 69.1% during the fourth quarter. LPL Financial LLC now owns 69,863 shares of the financial services provider's stock worth $9,172,000 after purchasing an additional 28,547 shares during the period. Edmond DE Rothschild Holding S.A. lifted its holdings in shares of CBRE Group by 125.8% during the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 14,586 shares of the financial services provider's stock valued at $1,915,000 after purchasing an additional 8,126 shares during the last quarter. HighPoint Advisor Group LLC boosted its position in shares of CBRE Group by 3.8% in the 4th quarter. HighPoint Advisor Group LLC now owns 3,259 shares of the financial services provider's stock valued at $462,000 after purchasing an additional 119 shares during the period. Finally, National Bank of Canada FI increased its stake in CBRE Group by 8.0% in the 4th quarter. National Bank of Canada FI now owns 152,318 shares of the financial services provider's stock worth $19,997,000 after purchasing an additional 11,340 shares in the last quarter. 98.41% of the stock is currently owned by institutional investors.

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.

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