Lindsey S. Caplan Sells 1,935 Shares of CBRE Group, Inc. (NYSE:CBRE) Stock

CBRE Group, Inc. (NYSE:CBRE - Get Free Report) CAO Lindsey S. Caplan sold 1,935 shares of the stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $140.00, for a total value of $270,900.00. Following the completion of the sale, the chief accounting officer now owns 20,131 shares in the company, valued at approximately $2,818,340. The trade was a 8.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

CBRE Group Stock Up 2.3%

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

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

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Keefe, Bruyette & Woods upped their price objective on CBRE Group from $129.00 to $131.00 and gave the company a "market perform" rating in a research report on Wednesday, April 30th. Morgan Stanley restated an "overweight" rating and issued a $170.00 price target (up from $160.00) on shares of CBRE Group in a report on Thursday, June 12th. UBS Group reduced their price target on shares of CBRE Group from $146.00 to $130.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Wall Street Zen cut shares of CBRE Group from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. Finally, JPMorgan Chase & Co. dropped their target price on shares of CBRE Group from $163.00 to $141.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. Three investment 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 company. According to MarketBeat.com, CBRE Group presently has a consensus rating of "Moderate Buy" and an average price target of $150.33.

Hedge Funds Weigh In On CBRE Group

A number of large investors have recently bought and sold shares of the business. Meridian Wealth Management LLC increased its holdings in shares of CBRE Group by 1.4% in the 4th quarter. Meridian Wealth Management LLC now owns 5,192 shares of the financial services provider's stock valued at $682,000 after acquiring an additional 71 shares during the period. Valeo Financial Advisors LLC boosted its position in CBRE Group by 4.0% during the first quarter. Valeo Financial Advisors LLC now owns 2,217 shares of the financial services provider's stock valued at $290,000 after purchasing an additional 85 shares in the last quarter. Beverly Hills Private Wealth LLC boosted its position in CBRE Group by 1.9% during the first quarter. Beverly Hills Private Wealth LLC now owns 5,067 shares of the financial services provider's stock valued at $663,000 after purchasing an additional 93 shares in the last quarter. Signaturefd LLC grew its stake in CBRE Group by 2.0% in the fourth quarter. Signaturefd LLC now owns 5,074 shares of the financial services provider's stock valued at $666,000 after purchasing an additional 99 shares during the last quarter. Finally, IFP Advisors Inc raised its holdings in CBRE Group by 9.1% in the fourth quarter. IFP Advisors Inc now owns 1,203 shares of the financial services provider's stock worth $158,000 after purchasing an additional 100 shares in 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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