Traders Purchase Large Volume of Call Options on CBRE Group (NYSE:CBRE)

CBRE Group, Inc. (NYSE:CBRE) was the recipient of some unusual options trading activity on Thursday. Stock investors bought 7,359 call options on the stock. This is an increase of approximately 526% compared to the average daily volume of 1,176 call options.

CBRE Group Stock Performance

NYSE:CBRE opened at $129.76 on Friday. The company has a fifty day moving average of $137.34 and a 200-day moving average of $131.53. The firm has a market capitalization of $38.93 billion, a P/E ratio of 41.32 and a beta of 1.42. 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 has a twelve month low of $84.24 and a twelve month high of $147.75.

CBRE Group (NYSE:CBRE) last released its quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 earnings per share for the quarter, beating 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, sell-side analysts anticipate that CBRE Group will post 5.99 EPS for the current year.

Analyst Ratings Changes

CBRE has been the subject of several recent research reports. Jefferies Financial Group upgraded shares of CBRE Group from a “hold” rating to a “buy” rating and increased their target price for the stock from $133.00 to $152.00 in a report on Thursday, January 2nd. Raymond James lowered shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and dropped their price objective for the company from $155.00 to $152.00 in a research report on Friday, January 24th. StockNews.com raised shares of CBRE Group from a “hold” rating to a “buy” rating in a research report on Wednesday. Evercore ISI lowered their price target on shares of CBRE Group from $147.00 to $141.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. Finally, The Goldman Sachs Group started coverage on shares of CBRE Group in a research report on Friday, December 6th. They set a “buy” rating and a $176.00 price target on the stock. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $149.89.

Insider Buying and Selling at CBRE Group

In other news, CFO Emma E. Giamartino sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $125.69, for a total value of $251,380.00. Following the completion of the transaction, the chief financial officer now owns 107,343 shares in the company, valued at $13,491,941.67. This represents a 1.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Chad J. Doellinger sold 797 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $126.31, for a total transaction of $100,669.07. Following the completion of the transaction, the insider now owns 28,735 shares of the company’s stock, valued at $3,629,517.85. This trade represents a 2.70 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.54% of the company’s stock.

Institutional Trading of CBRE Group

Hedge funds have recently modified their holdings of the stock. SBI Securities Co. Ltd. acquired a new position in CBRE Group during the fourth quarter worth $25,000. Canton Hathaway LLC acquired a new position in CBRE Group during the third quarter worth $27,000. Investment Management Corp VA ADV acquired a new position in CBRE Group during the fourth quarter worth $28,000. Denver PWM LLC acquired a new position in CBRE Group during the fourth quarter worth $29,000. Finally, Colonial Trust Co SC raised its holdings in CBRE Group by 183.7% during the fourth quarter. Colonial Trust Co SC now owns 278 shares of the financial services provider’s stock worth $36,000 after buying an additional 180 shares during the last quarter. Institutional investors own 98.41% of the company’s stock.

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.