CBRE Group, Inc. (NYSE:CBRE) COO Sells $116,947.86 in Stock

CBRE Group, Inc. (NYSE:CBRE) COO Vikramaditya Kohli sold 1,074 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $108.89, for a total transaction of $116,947.86. Following the completion of the transaction, the chief operating officer now directly owns 69,226 shares in the company, valued at $7,538,019.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

CBRE Group Stock Up 2.3 %

NYSE CBRE traded up $2.48 during trading hours on Tuesday, reaching $110.35. 1,069,332 shares of the company’s stock were exchanged, compared to its average volume of 1,682,930. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.12 and a current ratio of 1.12. CBRE Group, Inc. has a one year low of $64.63 and a one year high of $114.51. The company’s 50-day moving average is $95.34 and its two-hundred day moving average is $91.93. The company has a market capitalization of $33.86 billion, a price-to-earnings ratio of 33.63 and a beta of 1.40.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.12. The business had revenue of $8.39 billion for the quarter, compared to analyst estimates of $8.31 billion. CBRE Group had a net margin of 2.79% and a return on equity of 12.74%. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period last year, the business posted $0.82 earnings per share. On average, analysts forecast that CBRE Group, Inc. will post 4.84 EPS for the current fiscal year.

Institutional Trading of CBRE Group

A number of institutional investors have recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. boosted its holdings in CBRE Group by 190.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 328 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 215 shares during the last quarter. Crewe Advisors LLC acquired a new position in shares of CBRE Group during the 1st quarter worth about $30,000. EverSource Wealth Advisors LLC grew its holdings in shares of CBRE Group by 44.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 533 shares of the financial services provider’s stock valued at $52,000 after acquiring an additional 165 shares in the last quarter. EdgeRock Capital LLC acquired a new stake in shares of CBRE Group in the fourth quarter valued at about $59,000. Finally, Spartan Planning & Wealth Management bought a new stake in CBRE Group during the fourth quarter worth about $78,000. 98.41% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Evercore ISI upgraded CBRE Group from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $100.00 to $123.00 in a research report on Friday, July 26th. Morgan Stanley initiated coverage on CBRE Group in a report on Thursday, July 25th. They set an “equal weight” rating and a $105.00 target price on the stock. Keefe, Bruyette & Woods upped their price target on CBRE Group from $110.00 to $120.00 and gave the company a “market perform” rating in a research note on Thursday, August 1st. Raymond James lifted their price objective on shares of CBRE Group from $122.00 to $124.00 and gave the stock a “strong-buy” rating in a research note on Thursday, July 25th. Finally, StockNews.com lowered shares of CBRE Group from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Five analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $110.29.

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.