Noteworthy Price Action: What’s Propelling CBRE Group Inc to Increase So Much?

Noteworthy Price Action: What's Propelling CBRE Group Inc to Increase So Much?

The stock of CBRE Group Inc (NYSE:CBG) is a huge mover today! About 783,013 shares traded hands. CBRE Group Inc (NYSE:CBG) has risen 2.81% since March 8, 2016 and is uptrending. It has underperformed by 6.51% the S&P500.
The move comes after 8 months positive chart setup for the $9.18 billion company. It was reported on Oct, 11 by We have $45.61 PT which if reached, will make NYSE:CBG worth $6.24 billion more.

Analysts await CBRE Group Inc (NYSE:CBG) to report earnings on October, 25. They expect $0.48 EPS, down 5.88% or $0.03 from last year’s $0.51 per share. CBG’s profit will be $162.30 million for 14.14 P/E if the $0.48 EPS becomes a reality. After $0.52 actual EPS reported by CBRE Group Inc for the previous quarter, Wall Street now forecasts -7.69% negative EPS growth.

CBRE Group Inc (NYSE:CBG) Ratings Coverage

Out of 5 analysts covering CBRE Group (NYSE:CBG), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. CBRE Group has been the topic of 10 analyst reports since August 12, 2015 according to StockzIntelligence Inc. William Blair maintained the shares of CBG in a report on Sunday, September 6 with “Outperform” rating. The stock of CBRE Group Inc (NYSE:CBG) earned “Overweight” rating by Barclays Capital on Thursday, September 3. Wood initiated CBRE Group Inc (NYSE:CBG) on Monday, May 16 with “Market Perform” rating. Sterne Agee CRT initiated the stock with “Buy” rating in Wednesday, August 26 report. Keefe Bruyette & Woods initiated CBRE Group Inc (NYSE:CBG) rating on Monday, May 16. Keefe Bruyette & Woods has “Market Perform” rating and $32 price target. The company was initiated on Thursday, October 6 by Wedbush. The rating was downgraded by Goldman Sachs on Wednesday, August 12 to “Conviction-Buy”.

According to Zacks Investment Research, “CBRE Group, Inc is a commercial real estate services firm providing advisory services, capital markets services, valuation services to occupiers, owners, lenders, and investors in office, retail, industrial, multi-family, and other commercial real estate assets. The company also offers investment management services to pension plans, foundations, endowments and outsourcing services. CBRE Group, Inc, formerly known as CB Richard Ellis Group, Inc, is headquartered in Los Angeles, California.”

Insitutional Activity: The institutional sentiment decreased to 1.09 in 2016 Q2. Its down 0.06, from 1.15 in 2016Q1. The ratio is negative, as 44 funds sold all CBRE Group Inc shares owned while 143 reduced positions. 33 funds bought stakes while 170 increased positions. They now own 304.99 million shares or 2.95% less from 314.26 million shares in 2016Q1.
Parallax Volatility Advisers Ltd Partnership has 0% invested in the company for 331 shares. Westpac Banking Corporation holds 0% of its portfolio in CBRE Group Inc (NYSE:CBG) for 230,406 shares. Oregon Public Employees Retirement Fund has invested 0.03% of its portfolio in CBRE Group Inc (NYSE:CBG). Strs Ohio reported 15,708 shares or 0% of all its holdings. Timber Hill Ltd Liability Corp accumulated 43,989 shares or 0.01% of the stock. Greystone Managed Investments has 0.36% invested in the company for 330,484 shares. Moreover, Citadel Advsrs Llc has 0% invested in CBRE Group Inc (NYSE:CBG) for 8,703 shares. Fjarde Ap has invested 0.05% of its portfolio in CBRE Group Inc (NYSE:CBG). Qs Invsts Ltd Company holds 0.04% or 191,855 shares in its portfolio. Mutual Of America Mgmt Ltd Com owns 41,312 shares or 0.02% of their US portfolio. Schwab Charles Invest Mngmt last reported 799,257 shares in the company. Texas Yale Capital reported 26,000 shares or 0.07% of all its holdings. Advantus Inc holds 0.02% of its portfolio in CBRE Group Inc (NYSE:CBG) for 28,829 shares. First Republic Inv Mgmt has 0.02% invested in the company for 69,159 shares. Paloma Mgmt has invested 0.05% of its portfolio in CBRE Group Inc (NYSE:CBG).

Insider Transactions: Since April 13, 2016, the stock had 2 buys, and 10 insider sales for $42.57 million net activity. ValueAct Holdings – L.P. had bought 182,060 shares worth $5.19 million. 10,000 shares were sold by GROCH JAMES R, worth $300,000. On Tuesday, May 10 the insider Kantor Michael sold $320,290. $1.18M worth of CBRE Group Inc (NYSE:CBG) shares were sold by Frese Calvin W Jr. 11,867 shares with value of $355,148 were sold by Midler Laurence H on Monday, September 5. KIRK J. CHRISTOPHER had sold 17,739 shares worth $528,516. LAFITTE MICHAEL J had sold 15,000 shares worth $465,653.

More news for CBRE Group Inc (NYSE:CBG) were recently published by:, which released: “CBRE Group, Inc. Honored with Global Outsourcing Social Responsibility Impact …” on September 28, 2016.‘s article titled: “CBRE Group, Inc. Earns Place on Dow Jones Sustainability Index for Third …” and published on September 12, 2016 is yet another important article.

CBG Company Profile

CBRE Group, Inc., incorporated on February 20, 2001, is a holding firm that conducts all of its activities through its subsidiaries. The Firm is a commercial real estate services and investment company. The Firm operates through the divisions: The Americas; Europe, Middle East and Africa (EMEA); Asia Pacific; Global Investment Management, and Development Services. The Firm offers a range of services to occupiers, owners, lenders and investors in office, retail, industrial, multifamily and other types of commercial real estate. The Firm operates across the world providing commercial real estate services under the CBRE brand name, investment management services under the CBRE Global Investors brand name and development services under the Trammell Crow Company brand name.

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