CBRE Group, Inc. (NYSE:CBRE) Sees Large Growth in Short Interest

CBRE Group, Inc. (NYSE:CBRE) saw a large increase in short interest during the month of November. As of November 30th, there was short interest totalling 4,790,000 shares, an increase of 5.7% from the November 15th total of 4,530,000 shares. Approximately 1.6% of the shares of the company are short sold. Based on an average daily volume of 1,790,000 shares, the short-interest ratio is presently 2.7 days.

Analyst Ratings Changes

A number of brokerages recently commented on CBRE. Citigroup upped their target price on CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Evercore ISI increased their price objective on shares of CBRE Group from $123.00 to $132.00 and gave the stock an “outperform” rating in a research note on Friday, October 4th. The Goldman Sachs Group initiated coverage on shares of CBRE Group in a research report on Friday, December 6th. They set a “buy” rating and a $176.00 target price for the company. 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 report on Tuesday, October 29th. Five investment analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $129.63.

Insiders Place Their Bets

In other CBRE Group news, CFO Emma E. Giamartino sold 1,815 shares of CBRE Group stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $131.34, for a total transaction of $238,382.10. Following the completion of the sale, the chief financial officer now owns 70,154 shares of the company’s stock, valued at approximately $9,214,026.36. The trade was a 2.52 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.54% of the stock is owned by insiders.

Institutional Investors Weigh In On CBRE Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in CBRE. Canton Hathaway LLC acquired a new position in shares of CBRE Group during the third quarter valued at approximately $27,000. American National Bank & Trust acquired a new position in CBRE Group in the 3rd quarter valued at $28,000. Ashton Thomas Securities LLC acquired a new position in CBRE Group in the 3rd quarter valued at $32,000. Wolff Wiese Magana LLC lifted its holdings in CBRE Group by 2,830.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 283 shares in the last quarter. Finally, Asset Dedication LLC acquired a new stake in CBRE Group during the 3rd quarter worth $40,000. Hedge funds and other institutional investors own 98.41% of the company’s stock.

CBRE Group Trading Down 1.7 %

CBRE stock opened at $137.30 on Monday. CBRE Group has a 52-week low of $82.75 and a 52-week high of $142.00. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.34. The firm has a market cap of $42.02 billion, a P/E ratio of 44.15 and a beta of 1.39. The company’s 50-day simple moving average is $131.69 and its 200-day simple moving average is $114.02.

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