CBRE Group Inc Class A (CBG) Hits New 52-Week High

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The company is so far trading up by 0.57% percent from yesterday’s close. The stock is trading at $40.24 a tad above the 50 day moving average which is $37.93 and much higher than the 200 day moving average of $36.17. The 50 day moving average moved up $2.31 and the 200 day average moved up $4.07.

Traders are more bullish lately if you put credence in the decrease in short interest. The company recorded a fall in short interest of -6.32% between September 15, 2017 and September 29, 2017. Short shares fell from 9,413,956 to 8,818,790 over that timeframe. With short interest at 8,818,790 and short average daily volume at 1,485,853, the short-interest ratio is 6.0 and the percentage of shorted shares was 0.03% on September 29.

Here is a rundown on some insider market activity for CBRE Group Inc Class A (NYSE:CBG). Laurence H. Midler, EVP disclosed the sale of 24,246 shares of CBG stock. The shares sold for $35.83. Midler now owns $3,479,308 of the stock according to the SEC filing.

CBRE Group, Inc., launched on February 20, 2001, 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. The Company provides services in the office, retail, industrial, multifamily and hotel sectors of commercial real estate..

Additionally, here are a few investment firms who have increased or decreased their stake in (CBG). Farmers & Merchants Investments Inc augmented its holdings by buying 63 shares an increase of 7.5% as of 09/30/2017. Farmers & Merchants Investments Inc currently owns 905 shares worth $34,000. The value of the position overall is up by 9.7%. Shell Asset Management CO downsized its investment by selling 3,780 shares a decrease of 19.3% from 06/30/2017 to 09/30/2017. Shell Asset Management CO owns 15,855 shares with a value of $601,000. The total value of its holdings decreased 15.9%.

Ingalls & Snyder LLC trimmed its ownership by selling 101 shares a decrease of 0.1%. Ingalls & Snyder LLC controls 69,483 shares valued at $2,632,000. The value of the position overall is up by 3.9%. As of the end of the quarter State Treasurer State Of Michigan had bought a total of 642,900 shares growing its holdings by 650.5%. The value of the investment in (CBG) increased from $3,597,000 to $28,097,000 a change of $24,500,000 since the last quarter.

July 18 investment analysts at Barclays left the company rating at “Overweight” and lowered the price target to $42.00 from $45.00. UBS issued its first research report on the stock with a rating of “Neutral”.

On August 15 Barclays made no change to the company rating of “Overweight” and moved up the price target from $42.00 to $43.00.

CBRE Group Inc Class A’s P/E ratio is 19.64 and the market cap of the company is 13.56B. As of the last earnings report the EPS was $2.05 and is expected to be $2.57 for the current year with 336,975,000 shares currently outstanding. Analysts expect next quarter’s EPS will be $0.95 and the next full year EPS is anticipated to be $2.68.