Emma E. Giamartino Sells 1,815 Shares of CBRE Group, Inc. (NYSE:CBRE) Stock

CBRE Group, Inc. (NYSE:CBRE) CFO Emma E. Giamartino sold 1,815 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $131.34, for a total value of $238,382.10. Following the completion of the transaction, the chief financial officer now owns 70,154 shares in the company, valued at approximately $9,214,026.36. The trade was a 2.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

CBRE Group Stock Performance

Shares of CBRE opened at $132.17 on Wednesday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $40.45 billion, a price-to-earnings ratio of 42.50 and a beta of 1.39. The stock has a 50 day moving average of $125.92 and a 200 day moving average of $107.82. CBRE Group, Inc. has a 12 month low of $76.63 and a 12 month high of $137.93.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.14. The company had revenue of $9.04 billion during the quarter, compared to the consensus estimate of $8.80 billion. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. CBRE Group’s revenue was up 14.8% on a year-over-year basis. During the same period last year, the business posted $0.72 earnings per share. As a group, sell-side analysts forecast that CBRE Group, Inc. will post 4.94 earnings per share for the current year.

Analyst Upgrades and Downgrades

CBRE has been the topic of several recent research reports. Morgan Stanley initiated coverage on CBRE Group in a report on Thursday, July 25th. They issued an “equal weight” rating and a $105.00 price target on the stock. Wolfe Research upgraded CBRE Group to a “strong-buy” rating in a report on Friday, August 16th. Keefe, Bruyette & Woods raised their target price on CBRE Group from $125.00 to $138.00 and gave the company a “market perform” rating in a report on Tuesday, October 29th. Raymond James raised their target price on CBRE Group from $122.00 to $124.00 and gave the company a “strong-buy” rating in a report on Thursday, July 25th. Finally, Evercore ISI raised their target price on CBRE Group from $123.00 to $132.00 and gave the company an “outperform” rating in a report on Friday, October 4th. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, CBRE Group currently has an average rating of “Moderate Buy” and a consensus price target of $116.83.

Hedge Funds Weigh In On CBRE Group

A number of large investors have recently made changes to their positions in the stock. TCW Group Inc. boosted its holdings in shares of CBRE Group by 111.7% in the third quarter. TCW Group Inc. now owns 85,188 shares of the financial services provider’s stock worth $10,604,000 after acquiring an additional 44,957 shares during the period. Rehmann Capital Advisory Group boosted its holdings in shares of CBRE Group by 5.1% in the third quarter. Rehmann Capital Advisory Group now owns 5,647 shares of the financial services provider’s stock worth $705,000 after acquiring an additional 275 shares during the period. TD Private Client Wealth LLC boosted its holdings in shares of CBRE Group by 32.4% in the third quarter. TD Private Client Wealth LLC now owns 2,895 shares of the financial services provider’s stock worth $360,000 after acquiring an additional 709 shares during the period. Toronto Dominion Bank boosted its holdings in shares of CBRE Group by 1.4% in the third quarter. Toronto Dominion Bank now owns 149,790 shares of the financial services provider’s stock worth $18,646,000 after acquiring an additional 2,094 shares during the period. Finally, Neo Ivy Capital Management boosted its stake in CBRE Group by 122.9% during the third quarter. Neo Ivy Capital Management now owns 4,992 shares of the financial services provider’s stock valued at $622,000 after buying an additional 2,752 shares during the period. 98.41% of the stock is owned by institutional investors.

About CBRE Group

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.