Short Interest in CBRE Group, Inc. (NYSE:CBRE) Expands By 14.6%

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

CBRE Group Trading Up 0.1 %

NYSE CBRE opened at $144.74 on Monday. CBRE Group has a 12 month low of $82.75 and a 12 month high of $147.10. The company’s 50-day moving average price is $135.15 and its 200-day moving average price is $124.86. The stock has a market cap of $44.29 billion, a PE ratio of 46.54 and a beta of 1.39. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34.

Analysts Set New Price Targets

CBRE has been the topic of several recent research reports. Morgan Stanley upgraded shares of CBRE Group from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $115.00 to $160.00 in a research report on Wednesday, January 15th. Citigroup raised their price objective on CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, November 25th. The Goldman Sachs Group began coverage on CBRE Group in a research report on Friday, December 6th. They set a “buy” rating and a $176.00 target price on the stock. Raymond James downgraded CBRE Group from a “strong-buy” rating to an “outperform” rating and lowered their price target for the stock from $155.00 to $152.00 in a research report on Friday, January 24th. Finally, JPMorgan Chase & Co. upgraded shares of CBRE Group from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $120.00 to $163.00 in a research report on Monday, December 16th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, CBRE Group presently has a consensus rating of “Moderate Buy” and an average price target of $148.56.

Insider Buying and Selling

In related news, CFO Emma E. Giamartino sold 1,815 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $131.34, for a total transaction of $238,382.10. Following the sale, the chief financial officer now owns 70,154 shares of the company’s stock, valued at $9,214,026.36. This represents a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.54% of the stock is owned by company insiders.

Hedge Funds Weigh In On CBRE Group

A number of institutional investors have recently modified their holdings of CBRE. Canton Hathaway LLC bought a new position in CBRE Group in the third quarter worth approximately $27,000. American National Bank & Trust bought a new position in shares of CBRE Group during the 3rd quarter worth $28,000. Ashton Thomas Securities LLC purchased a new position in shares of CBRE Group during the third quarter valued at $32,000. Wolff Wiese Magana LLC raised its holdings in shares of CBRE Group by 2,830.0% in the third 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 purchased a new stake in CBRE Group in the third quarter worth about $40,000. 98.41% of the stock is owned by hedge funds and other institutional investors.

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.