CBRE Group Target of Unusually Large Options Trading (NYSE:CBRE)

CBRE Group, Inc. (NYSE:CBRE - Get Free Report) was the recipient of unusually large options trading on Thursday. Stock investors acquired 7,359 call options on the company. This represents an increase of 526% compared to the typical volume of 1,176 call options.

Insiders Place Their Bets

In related news, insider Chad J. Doellinger sold 797 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $126.31, for a total transaction of $100,669.07. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Emma E. Giamartino sold 2,000 shares of CBRE Group stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $125.69, for a total value of $251,380.00. Following the completion of the sale, the chief financial officer now owns 107,343 shares of the company's stock, valued at approximately $13,491,941.67. The trade was a 1.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.54% of the company's stock.

Institutional Trading of CBRE Group

Hedge funds have recently made changes to their positions in the company. Norges Bank bought a new position in shares of CBRE Group during the 4th quarter worth $514,609,000. FMR LLC boosted its position in CBRE Group by 85.6% during the third quarter. FMR LLC now owns 7,587,042 shares of the financial services provider's stock worth $944,435,000 after purchasing an additional 3,498,244 shares during the period. Artisan Partners Limited Partnership increased its stake in shares of CBRE Group by 290.0% in the fourth quarter. Artisan Partners Limited Partnership now owns 4,050,089 shares of the financial services provider's stock worth $531,736,000 after purchasing an additional 3,011,566 shares in the last quarter. Alphinity Investment Management Pty Ltd bought a new stake in shares of CBRE Group in the fourth quarter valued at approximately $190,695,000. Finally, Manning & Napier Advisors LLC purchased a new stake in shares of CBRE Group during the 4th quarter valued at approximately $175,978,000. 98.41% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Citigroup raised their price target on shares of CBRE Group from $130.00 to $160.00 and gave the stock a "buy" rating in a report on Monday, November 25th. StockNews.com upgraded CBRE Group from a "hold" rating to a "buy" rating in a research note on Wednesday, March 19th. JPMorgan Chase & Co. raised CBRE Group from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $120.00 to $163.00 in a research note on Monday, December 16th. Jefferies Financial Group raised CBRE Group from a "hold" rating to a "buy" rating and raised their price objective for the company from $133.00 to $152.00 in a research note on Thursday, January 2nd. Finally, Raymond James downgraded CBRE Group from a "strong-buy" rating to an "outperform" rating and decreased their price objective for the company from $155.00 to $152.00 in a report on Friday, January 24th. 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 company. According to data from MarketBeat, CBRE Group presently has an average rating of "Moderate Buy" and a consensus target price of $149.89.

CBRE Group Stock Performance

NYSE CBRE traded up $3.99 during trading hours on Monday, reaching $133.77. 349,876 shares of the company were exchanged, compared to its average volume of 1,665,979. The stock has a market capitalization of $40.14 billion, a P/E ratio of 42.60 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 1 year low of $84.24 and a 1 year high of $147.75. The business's 50 day simple moving average is $137.34 and its 200-day simple moving average is $131.76.

CBRE Group (NYSE:CBRE - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, topping 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%. On average, equities research analysts expect that CBRE Group will post 5.99 earnings per share for the current 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.