Traders Buy Shares of CBRE Group (CBRE) on Weakness

Investors bought shares of CBRE Group (NYSE:CBRE) on weakness during trading on Tuesday. $35.60 million flowed into the stock on the tick-up and $6.33 million flowed out of the stock on the tick-down, for a money net flow of $29.27 million into the stock. Of all stocks tracked, CBRE Group had the 26th highest net in-flow for the day. CBRE Group traded down ($0.05) for the day and closed at $47.68

A number of research analysts have recently weighed in on CBRE shares. Zacks Investment Research upgraded CBRE Group from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a research report on Friday, February 9th. ValuEngine upgraded CBRE Group from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Goldman Sachs Group started coverage on CBRE Group in a research report on Tuesday, April 3rd. They issued a “buy” rating and a $54.00 price target for the company. Barclays restated a “buy” rating and issued a $58.00 price target (up previously from $56.00) on shares of CBRE Group in a research report on Sunday, May 13th. Finally, JMP Securities cut CBRE Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 24th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $48.55.

The stock has a market capitalization of $16.20 billion, a P/E ratio of 17.62, a PEG ratio of 1.18 and a beta of 1.70. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.40.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings data on Wednesday, May 2nd. The financial services provider reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.05. The firm had revenue of $4.67 billion during the quarter, compared to analysts’ expectations of $3.32 billion. CBRE Group had a return on equity of 24.15% and a net margin of 4.48%. The firm’s quarterly revenue was up 15.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.43 EPS. analysts expect that CBRE Group will post 3.12 earnings per share for the current year.

In other CBRE Group news, insider Brandon Boze sold 5,000,000 shares of the firm’s stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $45.78, for a total value of $228,900,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Frederic V. Malek sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $47.68, for a total value of $2,384,000.00. Following the completion of the sale, the director now directly owns 267,446 shares in the company, valued at $12,751,825.28. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,111,624 shares of company stock valued at $234,199,723. 0.88% of the stock is currently owned by company insiders.

A number of large investors have recently modified their holdings of CBRE. Progressive Investment Management Corp acquired a new stake in CBRE Group in the 1st quarter worth about $4,020,000. Global X Management Co. LLC acquired a new stake in CBRE Group in the 1st quarter worth about $662,000. Dreman Value Management L L C acquired a new stake in CBRE Group in the 1st quarter worth about $607,000. FDx Advisors Inc. acquired a new stake in CBRE Group in the 1st quarter worth about $3,122,000. Finally, Wells Fargo & Company MN acquired a new stake in CBRE Group in the 1st quarter worth about $291,108,000. 92.96% of the stock is currently owned by hedge funds and other institutional investors.

About CBRE Group

CBRE Group, Inc operates as a commercial real estate services and investment company worldwide. It operates through Americas; Europe, Middle East and Africa; Asia Pacific; Global Investment Management; and Development Services segments. The company offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing; integrated property sales, and mortgage and structured financing services under the CBRE Capital Markets brand; 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.

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