Investors Purchase High Volume of Call Options on CBRE Group (NYSE:CBRE)

CBRE Group, Inc. (NYSE:CBRE) was the recipient of some unusual options trading on Monday. Investors bought 2,448 call options on the stock. This represents an increase of 117% compared to the typical daily volume of 1,130 call options.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Wall Street Zen cut shares of CBRE Group from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Barclays upped their price target on shares of CBRE Group from $180.00 to $183.00 and gave the company an “overweight” rating in a research report on Monday, August 17th. Evercore reaffirmed an “outperform” rating and issued a $175.00 target price on shares of CBRE Group in a report on Thursday, July 30th. UBS Group boosted their price target on CBRE Group from $185.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Finally, Keefe, Bruyette & Woods upped their price target on CBRE Group from $158.00 to $174.00 and gave the stock an “outperform” rating in a research report on Thursday, July 30th. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, CBRE Group currently has an average rating of “Moderate Buy” and a consensus price target of $180.33.

Insider Buying and Selling

In related news, insider Chad Doellinger sold 228 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $148.29, for a total transaction of $33,810.12. Following the transaction, the insider directly owned 41,778 shares in the company, valued at $6,195,259.62. This trade represents a 0.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vikramaditya Kohli sold 2,666 shares of the company’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $150.00, for a total transaction of $399,900.00. Following the transaction, the chief executive officer directly owned 134,869 shares of the company’s stock, valued at approximately $20,230,350. This trade represents a 1.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 5,144 shares of company stock worth $767,363 in the last 90 days. 0.46% of the stock is owned by company insiders.

Institutional Trading of CBRE Group

A number of institutional investors have recently bought and sold shares of the stock. Principal Financial Group Inc. lifted its holdings in shares of CBRE Group by 3.2% in the 1st quarter. Principal Financial Group Inc. now owns 9,870,413 shares of the financial services provider’s stock worth $1,337,051,000 after acquiring an additional 302,426 shares during the last quarter. Geode Capital Management LLC raised its position in CBRE Group by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 8,475,131 shares of the financial services provider’s stock worth $1,369,409,000 after purchasing an additional 151,027 shares during the period. Cantillon Capital Management LLC raised its position in CBRE Group by 0.8% in the 4th quarter. Cantillon Capital Management LLC now owns 4,460,586 shares of the financial services provider’s stock worth $717,218,000 after purchasing an additional 33,565 shares during the period. Norges Bank bought a new stake in CBRE Group in the fourth quarter worth about $643,405,000. Finally, Franklin Resources Inc. lifted its stake in CBRE Group by 2.6% in the fourth quarter. Franklin Resources Inc. now owns 2,959,767 shares of the financial services provider’s stock worth $475,901,000 after purchasing an additional 74,493 shares during the last quarter. 98.41% of the stock is currently owned by institutional investors.

CBRE Group Price Performance

CBRE traded up $2.21 during trading on Monday, hitting $141.71. 182,931 shares of the company traded hands, compared to its average volume of 2,075,652. CBRE Group has a 1 year low of $121.69 and a 1 year high of $174.27. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.66. The stock’s 50-day simple moving average is $145.07 and its two-hundred day simple moving average is $139.99. The company has a market cap of $41.03 billion, a PE ratio of 32.47 and a beta of 1.19.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $1.56 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.09. CBRE Group had a return on equity of 25.12% and a net margin of 2.98%.The company had revenue of $11.23 billion during the quarter, compared to analyst estimates of $11.18 billion. During the same period in the prior year, the company earned $1.19 earnings per share. The firm’s revenue was up 15.1% on a year-over-year basis. CBRE Group has set its FY 2026 guidance at 7.800-7.900 EPS. As a group, sell-side analysts anticipate that CBRE Group will post 7.79 earnings per share for the current fiscal year.

About CBRE Group

CBRE Group, Inc is a global commercial real estate services and investment company headquartered in Dallas, Texas. Through its businesses, CBRE provides services to occupiers, owners, investors and developers of office, industrial, retail, multifamily, hotel and other property types.

The company’s principal activities include property leasing and sales, tenant and landlord representation, property management, facilities management, valuation and advisory services, capital markets, mortgage servicing, project management and real estate development.