Investors Purchase High Volume of Call Options on CBRE Group (NYSE:CBRE)

Key Points

• Unusually high call-option activity: Traders purchased 2,448 CBRE call options, about 117% above the typical daily volume of 1,130.
• Analysts remain broadly bullish: Seven analysts rate CBRE a Buy and one rates it Hold, producing a “Moderate Buy” consensus and an average price target of $180.33.
• Strong operating results and institutional ownership: CBRE beat quarterly earnings estimates with $1.56 EPS and reported 15.1% year-over-year revenue growth, while institutional investors own 98.41% of shares.

CBRE Group, Inc. (NYSE:CBRE - Get Free Report) was the recipient of unusually large options trading on Monday. Traders bought 2,448 call options on the company. This represents an increase of approximately 117% compared to the typical daily volume of 1,130 call options.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CBRE. UBS Group upped their price target on shares of CBRE Group from $185.00 to $190.00 and gave the stock a "buy" rating in a report on Thursday, July 30th. Wall Street Zen lowered shares of CBRE Group from a "buy" rating to a "hold" rating in a report on Sunday, August 2nd. Barclays upped their price target on shares of CBRE Group from $180.00 to $183.00 and gave the company an "overweight" rating in a research report on Monday, August 17th. Evercore reaffirmed an "outperform" rating and set a $175.00 price target on shares of CBRE Group in a research note on Thursday, July 30th. Finally, Keefe, Bruyette & Woods upped their price target on shares of CBRE Group from $158.00 to $174.00 and gave the company an "outperform" rating in a research report on Thursday, July 30th. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $180.33.

Insider Buying and Selling

In other CBRE Group news, insider Chad Doellinger sold 228 shares of the stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $148.29, for a total transaction of $33,810.12. Following the sale, the insider directly owned 41,778 shares in the company, valued at $6,195,259.62. This represents a 0.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vikramaditya Kohli sold 2,666 shares of CBRE Group stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $150.00, for a total transaction of $399,900.00. Following the completion of the transaction, the chief executive officer directly owned 134,869 shares in the company, valued at $20,230,350. This trade represents a 1.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 5,144 shares of company stock valued at $767,363 over the last quarter. 0.46% of the stock is owned by company insiders.

Institutional Trading of CBRE Group

Hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC lifted its stake in shares of CBRE Group by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 8,475,131 shares of the financial services provider's stock valued at $1,369,409,000 after buying an additional 151,027 shares in the last quarter. Principal Financial Group Inc. boosted its stake in CBRE Group by 3.2% during the first quarter. Principal Financial Group Inc. now owns 9,870,413 shares of the financial services provider's stock valued at $1,337,051,000 after buying an additional 302,426 shares during the period. Cantillon Capital Management LLC grew its position in CBRE Group by 0.8% during the fourth quarter. Cantillon Capital Management LLC now owns 4,460,586 shares of the financial services provider's stock worth $717,218,000 after buying an additional 33,565 shares in the last quarter. Norges Bank bought a new position in CBRE Group in the 4th quarter worth about $643,405,000. Finally, Franklin Resources Inc. raised its holdings in shares of CBRE Group by 2.6% in the 4th quarter. Franklin Resources Inc. now owns 2,959,767 shares of the financial services provider's stock valued at $475,901,000 after acquiring an additional 74,493 shares in the last quarter. 98.41% of the stock is currently owned by institutional investors.

CBRE Group Stock Up 1.6%

NYSE CBRE traded up $2.21 on Monday, reaching $141.71. The company had a trading volume of 182,931 shares, compared to its average volume of 2,075,652. The stock has a market capitalization of $41.03 billion, a P/E ratio of 32.47 and a beta of 1.19. The company's fifty day moving average is $145.07 and its 200 day moving average is $139.99. CBRE Group has a 52-week low of $121.69 and a 52-week high of $174.27. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.66.

CBRE Group (NYSE:CBRE - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.09. CBRE Group had a return on equity of 25.12% and a net margin of 2.98%.The business had revenue of $11.23 billion for the quarter, compared to analysts' expectations of $11.18 billion. During the same period last year, the business earned $1.19 EPS. The business's revenue was up 15.1% on a year-over-year basis. CBRE Group has set its FY 2026 guidance at 7.800-7.900 EPS. Sell-side analysts anticipate that CBRE Group will post 7.79 earnings per share for the current fiscal year.

CBRE Group Company Profile

CBRE Group, Inc is a global commercial real estate services and investment company headquartered in Dallas, Texas. Through its businesses, CBRE provides services to occupiers, owners, investors and developers of office, industrial, retail, multifamily, hotel and other property types.

The company's principal activities include property leasing and sales, tenant and landlord representation, property management, facilities management, valuation and advisory services, capital markets, mortgage servicing, project management and real estate development.

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