CBRE Group, Inc. (NYSE:CBRE) Short Interest Up 14.6% in January

CBRE Group, Inc. (NYSE:CBRE) saw a significant growth in short interest in January. As of January 15th, there was short interest totalling 5,430,000 shares, a growth of 14.6% from the December 31st total of 4,740,000 shares. Currently, 1.8% of the company’s stock are sold short. Based on an average trading volume of 1,900,000 shares, the days-to-cover ratio is currently 2.9 days.

Insider Buying and Selling at CBRE Group

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

Hedge Funds Weigh In On CBRE Group

Several large investors have recently bought and sold shares of the business. Creative Planning lifted its holdings in shares of CBRE Group by 3.8% during the 2nd quarter. Creative Planning now owns 35,712 shares of the financial services provider’s stock valued at $3,182,000 after purchasing an additional 1,295 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of CBRE Group by 2.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 16,704 shares of the financial services provider’s stock valued at $1,488,000 after buying an additional 394 shares during the last quarter. EP Wealth Advisors LLC grew its stake in shares of CBRE Group by 5.2% in the second quarter. EP Wealth Advisors LLC now owns 3,063 shares of the financial services provider’s stock valued at $273,000 after buying an additional 152 shares in the last quarter. Cetera Investment Advisers increased its stake in shares of CBRE Group by 0.6% during the 2nd quarter. Cetera Investment Advisers now owns 28,109 shares of the financial services provider’s stock worth $2,505,000 after purchasing an additional 162 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in shares of CBRE Group during the 2nd quarter worth about $1,719,000. 98.41% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Raymond James lowered shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and dropped their price target for the company from $155.00 to $152.00 in a research note on Friday, January 24th. Keefe, Bruyette & Woods lifted their price target on CBRE Group from $125.00 to $138.00 and gave the company a “market perform” rating in a report on Tuesday, October 29th. Citigroup boosted their target price on shares of CBRE Group from $130.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Morgan Stanley raised CBRE Group from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $115.00 to $160.00 in a research report on Wednesday, January 15th. Finally, Jefferies Financial Group upgraded CBRE Group from a “hold” rating to a “buy” rating and raised their price objective for the stock from $133.00 to $152.00 in a research report on Thursday, January 2nd. Three equities research 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 MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $148.56.

CBRE Group Stock Up 0.1 %

Shares of NYSE:CBRE opened at $144.74 on Monday. The company’s 50-day moving average price is $135.15 and its two-hundred day moving average price is $124.86. 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 $44.29 billion, a P/E ratio of 46.54 and a beta of 1.39. CBRE Group has a 12 month low of $82.75 and a 12 month high of $147.10.

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.