Short Interest in CBRE Group, Inc. (NYSE:CBRE) Decreases By 5.8%

CBRE Group, Inc. (NYSE:CBRE) was the recipient of a significant drop in short interest in the month of November. As of November 15th, there was short interest totalling 4,530,000 shares, a drop of 5.8% from the October 31st total of 4,810,000 shares. Based on an average daily trading volume, of 1,780,000 shares, the short-interest ratio is currently 2.5 days. Approximately 1.5% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on CBRE shares. Evercore ISI increased their price target on CBRE Group from $123.00 to $132.00 and gave the stock an “outperform” rating in a research note on Friday, October 4th. Citigroup increased their price target on CBRE Group from $130.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Wolfe Research raised CBRE Group to a “strong-buy” rating in a research note on Friday, August 16th. Finally, Keefe, Bruyette & Woods increased their price target on CBRE Group from $125.00 to $138.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 29th. Five investment analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, CBRE Group currently has an average rating of “Moderate Buy” and an average price target of $123.00.

Insiders Place Their Bets

In other news, CFO Emma E. Giamartino sold 1,815 shares of the stock in a transaction 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 of the company’s stock, valued at approximately $9,214,026.36. This represents a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.54% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On CBRE Group

Institutional investors have recently bought and sold shares of the business. Canton Hathaway LLC acquired a new stake in CBRE Group during the 3rd quarter worth about $27,000. American National Bank & Trust acquired a new stake in CBRE Group during the 3rd quarter worth about $28,000. Benjamin F. Edwards & Company Inc. boosted its position in CBRE Group by 190.3% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 328 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 215 shares during the period. Ashton Thomas Securities LLC acquired a new stake in CBRE Group during the 3rd quarter worth about $32,000. Finally, Wolff Wiese Magana LLC boosted its position in CBRE Group by 2,830.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 283 shares during the period. 98.41% of the stock is currently owned by institutional investors and hedge funds.

CBRE Group Trading Up 0.5 %

NYSE:CBRE opened at $137.76 on Thursday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.34. CBRE Group has a 1-year low of $80.61 and a 1-year high of $142.00. The firm has a market capitalization of $42.16 billion, a price-to-earnings ratio of 44.29 and a beta of 1.39. The stock has a fifty day simple moving average of $129.72 and a 200 day simple moving average of $111.43.

CBRE Group (NYSE:CBRE) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.14. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. The business had revenue of $9.04 billion during the quarter, compared to analyst estimates of $8.80 billion. During the same quarter last year, the company posted $0.72 EPS. CBRE Group’s revenue for the quarter was up 14.8% on a year-over-year basis. Sell-side analysts forecast that CBRE Group will post 4.99 earnings per share for the current year.

CBRE Group Company Profile

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.