After Today’s Bearish Options Activity, Is CBRE Group Inc’s Near-Term Analysis Positive?

 After Today's Bearish Options Activity, Is CBRE Group Inc's Near Term Analysis Positive?

In today’s session CBRE Group Inc (CBG) recorded an unusually high (400) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious CBG decrease. With 400 contracts traded and 1694 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: CBG170120P00025000 closed last at: $1.1 or 12% down. About 610,275 shares traded hands. CBRE Group Inc (NYSE:CBG) has declined 8.55% since April 5, 2016 and is downtrending. It has underperformed by 10.51% the S&P500.

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. The firm has “Outperform” rating given on Thursday, October 6 by Wedbush. The stock of CBRE Group Inc (NYSE:CBG) earned “Outperform” rating by William Blair on Sunday, September 6. The stock of CBRE Group Inc (NYSE:CBG) earned “Market Perform” rating by Keefe Bruyette & Woods on Monday, May 16. The firm has “Overweight” rating given on Thursday, September 3 by Barclays Capital. As per Wednesday, August 12, the company rating was downgraded by Goldman Sachs. The stock has “Buy” rating given by Sterne Agee CRT on Wednesday, August 26. The stock of CBRE Group Inc (NYSE:CBG) earned “Market Perform” rating by Wood on Monday, May 16.

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 Q2 2016. Its down 0.06, from 1.15 in 2016Q1. The ratio dived, 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.
Tompkins Finance Corp holds 2,287 shares or 0.02% of its portfolio. Utd Service Automobile Association has 90,670 shares for 0.01% of their US portfolio. Dnb Asset Management As has invested 0% of its portfolio in CBRE Group Inc (NYSE:CBG). Royal London Asset Management Ltd holds 0.04% of its portfolio in CBRE Group Inc (NYSE:CBG) for 92,161 shares. Great West Life Assurance Can owns 159,206 shares or 0.02% of their US portfolio. Cfo4life Lp holds 0.4% of its portfolio in CBRE Group Inc (NYSE:CBG) for 17,853 shares. Moreover, Meridian Counsel Incorporated has 0.59% invested in CBRE Group Inc (NYSE:CBG) for 32,800 shares. Rwc Asset Management Llp accumulated 120,099 shares or 0.21% of the stock. Citadel last reported 8,703 shares in the company. The North Carolina-based Bb&T Corporation has invested 0.1% in CBRE Group Inc (NYSE:CBG). The Tennessee-based Highland Limited Liability Com has invested 0.08% in CBRE Group Inc (NYSE:CBG). Marianas Fund Mngmt Ltd reported 868,100 shares or 4.76% of all its holdings. Blackrock Inc last reported 537,468 shares in the company. Utah Retirement Sys has 67,108 shares for 0.05% of their US portfolio. Gam Holdg Ag owns 250,410 shares or 0.1% of their US portfolio.

Insider Transactions: Since May 10, 2016, the stock had 3 insider purchases, and 8 insider sales for $142.30 million net activity. KIRK J. CHRISTOPHER also sold $528,516 worth of CBRE Group Inc (NYSE:CBG) on Tuesday, August 30. On Sunday, August 14 the insider Frese Calvin W Jr sold $345,221. $42.53M worth of CBRE Group Inc (NYSE:CBG) shares were bought by ValueAct Holdings – L.P.. LAFITTE MICHAEL J also sold $747,550 worth of CBRE Group Inc (NYSE:CBG) shares. $320,290 worth of shares were sold by Kantor Michael on Tuesday, May 10. 10,000 shares were sold by GROCH JAMES R, worth $300,000. On Monday, September 5 the insider Midler Laurence H sold $355,148.

CBRE Group, Inc. is a holding company that conducts all of its activities through its subsidiaries. The company has a market cap of $9.10 billion. The Firm is a commercial real estate services and investment company. It has a 18.91 P/E ratio. The Firm operates through the divisions: The Americas; Europe, Middle East and Africa ; Asia Pacific; Global Investment Management, and Development Services.

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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment