CBRE Group, Inc. (NYSE:CBRE) CFO Emma E. Giamartino Sells 2,000 Shares

CBRE Group, Inc. (NYSE:CBRE) CFO Emma E. Giamartino sold 2,000 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $125.69, for a total value of $251,380.00. Following the transaction, the chief financial officer now owns 107,343 shares in the company, valued at $13,491,941.67. The trade was a 1.83 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

CBRE Group Stock Performance

Shares of CBRE stock opened at $128.73 on Thursday. The stock has a market capitalization of $38.62 billion, a PE ratio of 41.00 and a beta of 1.42. CBRE Group, Inc. has a one year low of $84.24 and a one year high of $147.75. The business’s 50 day simple moving average is $137.21 and its 200 day simple moving average is $131.44. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 1.13.

CBRE Group (NYSE:CBRE) last posted its earnings results on Thursday, February 13th. The financial services provider reported $2.32 EPS for the quarter, topping the consensus estimate of $2.20 by $0.12. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. As a group, research analysts forecast that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CBRE. JPMorgan Chase & Co. upgraded CBRE Group from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $120.00 to $163.00 in a research note on Monday, December 16th. Raymond James downgraded CBRE Group from a “strong-buy” rating to an “outperform” rating and cut their target price for the company from $155.00 to $152.00 in a research report on Friday, January 24th. Jefferies Financial Group upgraded CBRE Group from a “hold” rating to a “buy” rating and raised their price target for the stock from $133.00 to $152.00 in a research report on Thursday, January 2nd. The Goldman Sachs Group assumed coverage on CBRE Group in a research note on Friday, December 6th. They issued a “buy” rating and a $176.00 price target for the company. Finally, Morgan Stanley increased their price objective on shares of CBRE Group from $160.00 to $165.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $149.89.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CBRE. Norges Bank bought a new position in shares of CBRE Group in the fourth quarter worth $514,609,000. FMR LLC increased its stake in CBRE Group by 85.6% in the 3rd quarter. FMR LLC now owns 7,587,042 shares of the financial services provider’s stock worth $944,435,000 after acquiring an additional 3,498,244 shares during the last quarter. Artisan Partners Limited Partnership raised its holdings in shares of CBRE Group by 290.0% in the 4th quarter. Artisan Partners Limited Partnership now owns 4,050,089 shares of the financial services provider’s stock valued at $531,736,000 after acquiring an additional 3,011,566 shares in the last quarter. Alphinity Investment Management Pty Ltd purchased a new position in shares of CBRE Group during the fourth quarter worth about $190,695,000. Finally, Manning & Napier Advisors LLC bought a new position in shares of CBRE Group in the fourth quarter worth approximately $175,978,000. Institutional investors own 98.41% of the company’s stock.

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.