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

CBRE Group, Inc. (NYSE:CBRE - Get Free Report) saw a large 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 trading volume of 1,780,000 shares, the days-to-cover ratio is currently 2.5 days. Currently, 1.5% of the company's shares are sold short.

Analysts Set New Price Targets

CBRE has been the subject of several analyst reports. Keefe, Bruyette & Woods boosted their price target on shares of CBRE Group from $125.00 to $138.00 and gave the stock a "market perform" rating in a report on Tuesday, October 29th. Citigroup increased their target price on CBRE Group from $130.00 to $160.00 and gave the company a "buy" rating in a report on Monday, November 25th. Wolfe Research raised CBRE Group to a "strong-buy" rating in a report on Friday, August 16th. Finally, Evercore ISI increased 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 investment analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $123.00.

Insider Activity at CBRE Group

In other 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 value of $238,382.10. Following the completion of the transaction, the chief financial officer now 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.54% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. B. Riley Wealth Advisors Inc. increased its holdings in shares of CBRE Group by 46.3% in the first quarter. B. Riley Wealth Advisors Inc. now owns 3,969 shares of the financial services provider's stock valued at $386,000 after purchasing an additional 1,256 shares during the period. Cetera Investment Advisers raised its position in CBRE Group by 500.1% during the 1st quarter. Cetera Investment Advisers now owns 27,947 shares of the financial services provider's stock worth $2,718,000 after buying an additional 23,290 shares during the last quarter. Cetera Advisors LLC lifted its stake in shares of CBRE Group by 9.1% in the 1st quarter. Cetera Advisors LLC now owns 13,074 shares of the financial services provider's stock worth $1,271,000 after acquiring an additional 1,090 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of CBRE Group by 44.8% in the first quarter. EverSource Wealth Advisors LLC now owns 533 shares of the financial services provider's stock valued at $52,000 after acquiring an additional 165 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in CBRE Group by 87.3% in the second quarter. GAMMA Investing LLC now owns 4,115 shares of the financial services provider's stock valued at $367,000 after purchasing an additional 1,918 shares during the period. 98.41% of the stock is owned by hedge funds and other institutional investors.

CBRE Group Stock Performance

Shares of CBRE traded down $1.26 during midday trading on Tuesday, reaching $137.13. 1,524,364 shares of the stock were exchanged, compared to its average volume of 1,926,283. CBRE Group has a twelve month low of $80.59 and a twelve month high of $142.00. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market capitalization of $41.96 billion, a price-to-earnings ratio of 44.09 and a beta of 1.39. The business's 50-day moving average price is $129.41 and its 200 day moving average price is $111.24.

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. The company had revenue of $9.04 billion for the quarter, compared to analyst estimates of $8.80 billion. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. The firm's revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.72 earnings per share. On average, sell-side analysts expect that CBRE Group will post 4.99 EPS for the current fiscal year.

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.