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

CBRE Group Inc (NYSE:CBRE) was the recipient of unusually large options trading on Thursday. Investors purchased 4,725 call options on the company. This is an increase of approximately 8,650% compared to the typical volume of 54 call options.

Shares of CBRE stock traded up $0.10 during trading hours on Friday, hitting $48.71. 1,555,402 shares of the company’s stock were exchanged, compared to its average volume of 1,258,151. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.16 and a current ratio of 1.10. The stock has a market capitalization of $16.38 billion, a PE ratio of 14.85, a PEG ratio of 1.22 and a beta of 1.71. CBRE Group has a 52 week low of $37.45 and a 52 week high of $52.41.

CBRE Group (NYSE:CBRE) last announced its earnings results on Wednesday, May 8th. The financial services provider reported $0.79 EPS for the quarter, topping the consensus estimate of $0.59 by $0.20. The company had revenue of $5.14 billion for the quarter, compared to analysts’ expectations of $5.09 billion. CBRE Group had a return on equity of 24.72% and a net margin of 4.94%. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.54 earnings per share. As a group, analysts forecast that CBRE Group will post 3.61 earnings per share for the current fiscal year.

A number of research analysts recently commented on the company. Zacks Investment Research upgraded CBRE Group from a “sell” rating to a “hold” rating in a research note on Wednesday, January 30th. William Blair restated an “outperform” rating on shares of CBRE Group in a research note on Wednesday, February 13th. JMP Securities reiterated a “hold” rating on shares of CBRE Group in a research note on Monday, March 11th. Finally, Bank of America set a $54.00 price objective on CBRE Group and gave the stock a “hold” rating in a research note on Friday, March 8th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $56.33.

In other news, CFO James R. Groch sold 50,000 shares of the stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $52.00, for a total value of $2,600,000.00. Following the completion of the sale, the chief financial officer now directly owns 454,918 shares of the company’s stock, valued at $23,655,736. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Brandon B. Boze sold 6,700,000 shares of the company’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $49.51, for a total value of $331,717,000.00. The disclosure for this sale can be found here. Insiders have sold 6,864,454 shares of company stock valued at $340,096,303 in the last ninety days. Company insiders own 0.74% of the company’s stock.

A number of institutional investors have recently bought and sold shares of CBRE. Lindbrook Capital LLC bought a new position in CBRE Group in the fourth quarter valued at about $27,000. Rational Advisors LLC boosted its holdings in CBRE Group by 347.6% in the first quarter. Rational Advisors LLC now owns 640 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 497 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in CBRE Group by 1,895.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,377,536 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 1,308,488 shares during the last quarter. CX Institutional bought a new position in CBRE Group in the first quarter valued at about $35,000. Finally, Van ECK Associates Corp bought a new position in CBRE Group in the fourth quarter valued at about $38,000. Institutional investors and hedge funds own 95.28% of the company’s stock.

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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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