CBRE Group, Inc. (NYSE:CBRE) Short Interest Update

CBRE Group, Inc. (NYSE:CBRE - Get Free Report) was the target of a large increase in short interest in 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 company's stock are sold short. Based on an average daily trading volume, of 1,790,000 shares, the short-interest ratio is currently 2.7 days.

Insider Activity

In related news, CFO Emma E. Giamartino sold 1,815 shares of the stock in a transaction dated 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 sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.54% of the company's stock.

Institutional Investors Weigh In On CBRE Group

Several large investors have recently made changes to their positions in the company. FMR LLC lifted its position in CBRE Group by 85.6% in the 3rd quarter. FMR LLC now owns 7,587,042 shares of the financial services provider's stock worth $944,435,000 after buying an additional 3,498,244 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of CBRE Group by 60.2% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,645,569 shares of the financial services provider's stock valued at $329,320,000 after purchasing an additional 993,963 shares during the period. State Street Corp increased its holdings in shares of CBRE Group by 5.4% during the third quarter. State Street Corp now owns 13,433,513 shares of the financial services provider's stock worth $1,672,204,000 after buying an additional 692,697 shares in the last quarter. Eminence Capital LP lifted its position in shares of CBRE Group by 42.6% during the second quarter. Eminence Capital LP now owns 1,518,203 shares of the financial services provider's stock worth $135,287,000 after purchasing an additional 453,406 shares in the last quarter. Finally, Maverick Capital Ltd. acquired a new stake in CBRE Group in the second quarter worth about $36,820,000. Institutional investors and hedge funds own 98.41% of the company's stock.

CBRE Group Trading Up 0.5 %

CBRE Group stock traded up $0.63 during mid-day trading on Monday, hitting $137.93. The company's stock had a trading volume of 2,648,407 shares, compared to its average volume of 1,694,301. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $42.21 billion, a PE ratio of 44.79 and a beta of 1.39. The stock's fifty day moving average is $131.69 and its two-hundred day moving average is $114.02. CBRE Group has a 1 year low of $82.75 and a 1 year high of $142.00.

CBRE Group (NYSE:CBRE - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.20 EPS for the quarter, topping the consensus estimate 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 analysts' expectations of $8.80 billion. During the same quarter in the prior year, the business earned $0.72 earnings per share. The company's quarterly revenue was up 14.8% compared to the same quarter last year. On average, analysts anticipate that CBRE Group will post 4.99 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Citigroup lifted their price target on CBRE Group from $130.00 to $160.00 and gave the company a "buy" rating in a report on Monday, November 25th. Keefe, Bruyette & Woods upped their price objective 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. The Goldman Sachs Group assumed coverage on CBRE Group in a research report on Friday, December 6th. They issued a "buy" rating and a $176.00 target price on the stock. JPMorgan Chase & Co. upgraded CBRE Group from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $120.00 to $163.00 in a research note on Monday. Finally, Evercore ISI upped their price objective on CBRE Group from $123.00 to $132.00 and gave the company an "outperform" rating in a report on Friday, October 4th. Five analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $133.33.

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.