Insider Selling: CBRE Group, Inc. (NYSE:CBRE) CAO Sells 1,497 Shares of Stock

CBRE Group, Inc. (NYSE:CBRE - Get Free Report) CAO Lindsey S. Caplan sold 1,497 shares of CBRE Group stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $140.00, for a total value of $209,580.00. Following the completion of the transaction, the chief accounting officer now owns 28,211 shares of the company's stock, valued at $3,949,540. This trade represents a 5.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

CBRE Group Stock Performance

NYSE:CBRE traded up $3.11 during midday trading on Thursday, reaching $138.33. 1,901,948 shares of the company traded hands, compared to its average volume of 1,809,541. The firm has a market capitalization of $41.24 billion, a price-to-earnings ratio of 42.30 and a beta of 1.29. The company has a fifty day moving average price of $126.94 and a 200 day moving average price of $130.94. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.00 and a quick ratio of 1.00. CBRE Group, Inc. has a twelve month low of $85.74 and a twelve month high of $147.75.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its earnings results on Thursday, April 24th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.81 by $0.05. The company had revenue of $8.91 billion for the quarter, compared to analysts' expectations of $8.73 billion. CBRE Group had a return on equity of 17.37% and a net margin of 2.74%. The firm's quarterly revenue was up 12.3% compared to the same quarter last year. During the same period last year, the business posted $0.78 earnings per share. On average, analysts expect that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CBRE. AG2R LA Mondiale Gestion D Actifs bought a new position in CBRE Group in the 1st quarter worth about $1,685,000. Voya Investment Management LLC boosted its position in shares of CBRE Group by 3.4% during the first quarter. Voya Investment Management LLC now owns 906,438 shares of the financial services provider's stock worth $118,544,000 after buying an additional 30,106 shares during the period. Nicola Wealth Management LTD. boosted its position in shares of CBRE Group by 5.8% during the first quarter. Nicola Wealth Management LTD. now owns 9,124 shares of the financial services provider's stock worth $1,193,000 after buying an additional 500 shares during the period. Strs Ohio bought a new position in CBRE Group in the 1st quarter worth approximately $1,416,000. Finally, Intrua Financial LLC bought a new position in CBRE Group in the 1st quarter worth approximately $238,000. 98.41% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on the company. JPMorgan Chase & Co. reduced their target price on CBRE Group from $163.00 to $141.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. Wall Street Zen lowered CBRE Group from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. UBS Group decreased their price objective on shares of CBRE Group from $146.00 to $130.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Morgan Stanley reiterated an "overweight" rating and set a $170.00 target price (up previously from $160.00) on shares of CBRE Group in a research note on Thursday, June 12th. Finally, Keefe, Bruyette & Woods raised their price target on shares of CBRE Group from $129.00 to $131.00 and gave the stock a "market perform" rating in a research report on Wednesday, April 30th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $150.33.

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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