CBRE Group, Inc. (NYSE:CBRE) CFO Emma E. Giamartino Sells 1,972 Shares

CBRE Group, Inc. (NYSE:CBRE) CFO Emma E. Giamartino sold 1,972 shares of the firm’s stock in a transaction on Monday, May 19th. The stock was sold at an average price of $129.10, for a total value of $254,585.20. Following 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

CBRE Group Stock Performance

Shares of CBRE stock opened at $120.91 on Thursday. The firm has a 50 day moving average of $124.52 and a 200-day moving average of $131.95. The company has a market cap of $36.04 billion, a price-to-earnings ratio of 38.51 and a beta of 1.30. The company has a quick ratio of 1.13, a current ratio of 1.07 and a debt-to-equity ratio of 0.35. CBRE Group, Inc. has a 52 week low of $84.24 and a 52 week high of $147.75.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on CBRE shares. UBS Group decreased their price target on CBRE Group from $146.00 to $130.00 and set a “neutral” rating for the company in a research note on Friday, April 11th. JPMorgan Chase & Co. reduced their target price on CBRE Group from $163.00 to $141.00 and set an “overweight” rating on the stock in a report on Thursday, April 10th. Morgan Stanley lowered their price target on shares of CBRE Group from $165.00 to $160.00 and set an “overweight” rating for the company in a report on Thursday, April 24th. Raymond James downgraded shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and dropped their price target for the stock from $155.00 to $152.00 in a research report on Friday, January 24th. Finally, StockNews.com cut shares of CBRE Group from a “buy” rating to a “hold” rating in a research report on Thursday, March 27th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, CBRE Group presently has an average rating of “Moderate Buy” and a consensus target price of $149.22.

Institutional Trading of CBRE Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CBRE. SBI Securities Co. Ltd. acquired a new stake in CBRE Group in the fourth quarter valued at approximately $25,000. WPG Advisers LLC acquired a new position in shares of CBRE Group during the first quarter worth approximately $26,000. Investment Management Corp VA ADV bought a new position in shares of CBRE Group in the 4th quarter worth $28,000. Hughes Financial Services LLC bought a new position in shares of CBRE Group in the 1st quarter worth $28,000. Finally, Denver PWM LLC acquired a new stake in CBRE Group in the 4th quarter valued at $29,000. 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.