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

CBRE Group, Inc. (NYSE:CBRE) was the recipient of a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 5,430,000 shares, an increase of 14.6% from the December 31st total of 4,740,000 shares. Approximately 1.8% of the shares of the stock are sold short. Based on an average trading volume of 1,900,000 shares, the short-interest ratio is currently 2.9 days.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Keefe, Bruyette & Woods raised their target price on shares of CBRE Group from $125.00 to $138.00 and gave the company a “market perform” rating in a research report on Tuesday, October 29th. Evercore ISI lowered their target price on CBRE Group from $147.00 to $141.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. JPMorgan Chase & Co. upgraded CBRE Group from a “neutral” rating to an “overweight” rating and upped their price target for the company from $120.00 to $163.00 in a research report on Monday, December 16th. Jefferies Financial Group upgraded CBRE Group from a “hold” rating to a “buy” rating and upped their target price for the company from $133.00 to $152.00 in a research report on Thursday, January 2nd. Finally, Citigroup lifted their price objective on shares of CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, CBRE Group presently has an average rating of “Moderate Buy” and a consensus price target of $148.56.

Insiders Place Their Bets

In other news, CFO Emma E. Giamartino sold 1,815 shares of CBRE Group stock in a transaction on Friday, November 15th. The stock was sold at an average price of $131.34, for a total value of $238,382.10. Following 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 document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.54% of the company’s stock.

Institutional Trading of CBRE Group

A number of institutional investors and hedge funds have recently modified their holdings of the business. Canton Hathaway LLC purchased a new stake in CBRE Group in the third quarter worth $27,000. American National Bank & Trust bought a new position in shares of CBRE Group in the third quarter valued at approximately $28,000. Ashton Thomas Securities LLC purchased a new position in CBRE Group during the third quarter valued at approximately $32,000. Wolff Wiese Magana LLC raised its holdings in shares of 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 acquiring an additional 283 shares in the last quarter. Finally, Asset Dedication LLC bought a new stake in shares of CBRE Group during the 3rd quarter valued at about $40,000. 98.41% of the stock is owned by hedge funds and other institutional investors.

CBRE Group Stock Up 0.1 %

CBRE opened at $144.74 on Monday. CBRE Group has a fifty-two week low of $82.75 and a fifty-two week high of $147.10. The company’s 50-day moving average is $135.15 and its 200 day moving average is $124.86. 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 firm has a market capitalization of $44.29 billion, a P/E ratio of 46.54 and a beta of 1.39.

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.