CBRE Group Sees Unusually Large Options Volume (CBG)

CBRE Group Inc (NYSE:CBG) was the target of unusually large options trading on Friday. Stock investors bought 1,077 put options on the company. This represents an increase of 837% compared to the typical daily volume of 115 put options.

In related news, EVP J. Christopher Kirk sold 20,000 shares of CBRE Group stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $43.32, for a total transaction of $866,400.00. Following the sale, the executive vice president now directly owns 118,162 shares in the company, valued at $5,118,777.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Calvin W. Frese, Jr. sold 25,000 shares of CBRE Group stock in a transaction on Friday, October 20th. The stock was sold at an average price of $40.04, for a total value of $1,001,000.00. Following the sale, the insider now owns 246,473 shares in the company, valued at $9,868,778.92. The disclosure for this sale can be found here. Insiders have sold 3,049,872 shares of company stock worth $130,055,941 over the last quarter. 1.00% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of the business. Strs Ohio grew its position in shares of CBRE Group by 53.7% in the second quarter. Strs Ohio now owns 17,701 shares of the financial services provider’s stock valued at $644,000 after purchasing an additional 6,183 shares in the last quarter. Sei Investments Co. grew its position in shares of CBRE Group by 405.4% in the second quarter. Sei Investments Co. now owns 35,127 shares of the financial services provider’s stock valued at $1,279,000 after purchasing an additional 28,177 shares in the last quarter. Global X Management Co. LLC grew its position in shares of CBRE Group by 11.4% in the second quarter. Global X Management Co. LLC now owns 13,840 shares of the financial services provider’s stock valued at $504,000 after purchasing an additional 1,415 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in shares of CBRE Group by 2.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 982,973 shares of the financial services provider’s stock valued at $35,781,000 after purchasing an additional 24,191 shares in the last quarter. Finally, Teacher Retirement System of Texas grew its position in shares of CBRE Group by 25.4% in the second quarter. Teacher Retirement System of Texas now owns 64,224 shares of the financial services provider’s stock valued at $2,338,000 after purchasing an additional 12,996 shares in the last quarter. Hedge funds and other institutional investors own 95.00% of the company’s stock.

Separately, Bank of America boosted their target price on CBRE Group from $42.00 to $44.00 and gave the company a “buy” rating in a research note on Monday, November 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. CBRE Group has an average rating of “Hold” and an average price target of $40.33.

Shares of CBRE Group (NYSE:CBG) opened at $43.25 on Monday. The stock has a market capitalization of $14,680.00, a price-to-earnings ratio of 16.32, a price-to-earnings-growth ratio of 1.25 and a beta of 1.86. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.28 and a quick ratio of 1.28. CBRE Group has a one year low of $29.69 and a one year high of $44.04.

CBRE Group (NYSE:CBG) last issued its earnings results on Friday, November 3rd. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.10. The firm had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.45 billion. CBRE Group had a return on equity of 26.22% and a net margin of 5.75%. The business’s revenue was up 11.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.50 earnings per share. equities research analysts predict that CBRE Group will post 2.67 EPS for the current year.

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CBRE Group Company Profile

CBRE Group, Inc is a holding company that conducts all of its operations through its subsidiaries. The Company operates as a commercial real estate services and investment company. The Company operates through the segments: The Americas; Europe, Middle East and Africa (EMEA); Asia Pacific; Global Investment Management, and Development Services.

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