Insider Selling: CBRE Group, Inc. (NYSE:CBRE) CFO Sells $254,585.20 in Stock

CBRE Group, Inc. (NYSE:CBRE) CFO Emma E. Giamartino sold 1,972 shares of CBRE Group stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $129.10, for a total value of $254,585.20. Following the completion of the transaction, the chief financial officer now directly owns 105,371 shares of the company’s stock, valued at approximately $13,603,396.10. This represents a 1.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

CBRE Group Price Performance

CBRE Group stock opened at $121.13 on Friday. The stock has a market cap of $36.11 billion, a P/E ratio of 38.57 and a beta of 1.30. The company has a fifty day simple moving average of $124.25 and a 200-day simple moving average of $131.78. The company has a current ratio of 1.07, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35. CBRE Group, Inc. has a 12-month low of $84.24 and a 12-month high of $147.75.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.05. The company had revenue of $8.91 billion during the quarter, compared to the consensus estimate of $8.73 billion. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. CBRE Group’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.78 EPS. Equities analysts expect that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Institutional Investors Weigh In On CBRE Group

Institutional investors have recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. purchased a new position in CBRE Group in the fourth quarter valued at approximately $25,000. WPG Advisers LLC acquired a new position in shares of CBRE Group in the 1st quarter valued at $26,000. Investment Management Corp VA ADV purchased a new position in shares of CBRE Group in the 4th quarter valued at $28,000. Hughes Financial Services LLC acquired a new stake in CBRE Group during the 1st quarter worth $28,000. Finally, Denver PWM LLC acquired a new stake in CBRE Group during the 4th quarter worth $29,000. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Analysts Set New Price Targets

CBRE has been the subject of several recent research reports. Keefe, Bruyette & Woods raised their price objective on shares of CBRE Group from $129.00 to $131.00 and gave the company a “market perform” rating in a research note on Wednesday, April 30th. JPMorgan Chase & Co. decreased their price target on shares of CBRE Group from $163.00 to $141.00 and set an “overweight” rating for the company in a research report on Thursday, April 10th. UBS Group cut their price objective on CBRE Group from $146.00 to $130.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th. Raymond James cut CBRE Group from a “strong-buy” rating to an “outperform” rating and reduced their price objective for the company from $155.00 to $152.00 in a research note on Friday, January 24th. Finally, Wall Street Zen cut CBRE Group from a “buy” rating to a “hold” rating in a research note on Thursday, March 27th. Three 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 stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $149.22.

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.