Insider Selling: CBRE Group, Inc. (NYSE:CBRE) CAO Sells 1,494 Shares of Stock

Key Points

• CBRE Group's CAO, Lindsey S. Caplan, sold 1,494 shares of stock at an average price of $155.37, totaling approximately $232,122.78, decreasing their ownership by 5.30%.
• CBRE Group reported earnings of $1.19 per share, surpassing analysts' expectations of $1.05, with quarterly revenue reaching $9.75 billion.
• The stock currently holds an average rating of "Moderate Buy" with an average price target of $158.00, indicating favorable analyst outlook despite recent insider selling.

CBRE Group, Inc. (NYSE:CBRE - Get Free Report) CAO Lindsey S. Caplan sold 1,494 shares of CBRE Group stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $155.37, for a total value of $232,122.78. Following the completion of the transaction, the chief accounting officer owned 26,717 shares of the company's stock, valued at approximately $4,151,020.29. This trade represents a 5.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

CBRE Group Price Performance

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

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

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Keefe, Bruyette & Woods raised their price target on shares of CBRE Group from $131.00 to $147.00 and gave the company a "market perform" rating in a report on Thursday, July 24th. JPMorgan Chase & Co. reduced their target price on CBRE Group from $163.00 to $141.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. Wall Street Zen cut CBRE Group from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. Morgan Stanley reissued an "overweight" rating and set a $170.00 price objective (up previously from $160.00) on shares of CBRE Group in a report on Thursday, June 12th. Finally, UBS Group raised their target price on shares of CBRE Group from $130.00 to $146.00 and gave the company a "neutral" rating in a research note on Wednesday, July 2nd. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $158.00.

Institutional Trading of CBRE Group

Several hedge funds and other institutional investors have recently bought and sold shares of CBRE. Sowell Financial Services LLC bought a new stake in CBRE Group in the 1st quarter worth $256,000. Cambridge Investment Research Advisors Inc. increased its holdings in CBRE Group by 21.5% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 7,404 shares of the financial services provider's stock valued at $968,000 after purchasing an additional 1,310 shares during the period. USA Financial Formulas bought a new position in CBRE Group during the 1st quarter valued at approximately $1,101,000. Golden State Wealth Management LLC lifted its holdings in CBRE Group by 687.1% in the 1st quarter. Golden State Wealth Management LLC now owns 244 shares of the financial services provider's stock worth $32,000 after buying an additional 213 shares during the period. Finally, Principal Financial Group Inc. grew its position in shares of CBRE Group by 4.8% in the 1st quarter. Principal Financial Group Inc. now owns 7,970,004 shares of the financial services provider's stock worth $1,042,317,000 after buying an additional 368,214 shares during the last quarter. Institutional investors own 98.41% of the company's stock.

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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