CBRE Group, Inc. (NYSE:CBRE) Stock Now Rated “Moderate Buy” by Sell-Side Brokerages

Shares of CBRE Group, Inc. (NYSE:CBRE) have been given a consensus rating of “Moderate Buy” by the ten analysts that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $182.78.

CBRE has been the subject of several analyst reports. Jefferies Financial Group decreased their price objective on shares of CBRE Group from $180.00 to $164.00 in a report on Monday, October 12th. Wall Street Zen downgraded CBRE Group from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Keefe, Bruyette & Woods dropped their price target on shares of CBRE Group from $174.00 to $164.00 and set an “outperform” rating on the stock in a research report on Friday, October 9th. JPMorgan Chase & Co. lowered their target price on shares of CBRE Group from $190.00 to $186.00 in a research note on Tuesday, October 13th. Finally, The Goldman Sachs Group raised their target price on shares of CBRE Group from $188.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, August 19th.

Insiders Place Their Bets

In other news, CFO Emma E. Giamartino sold 2,250 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $148.29, for a total value of $333,652.50. Following the completion of the transaction, the chief financial officer owned 108,479 shares of the company’s stock, valued at $16,086,350.91. This represents a 2.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Chad Doellinger sold 228 shares of the stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $148.29, for a total transaction of $33,810.12. Following the completion of the transaction, the insider owned 41,778 shares in the company, valued at $6,195,259.62. This trade represents a 0.54% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.46% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On CBRE Group

A number of institutional investors have recently added to or reduced their stakes in the stock. Kornitzer Capital Management Inc. KS grew its position in shares of CBRE Group by 48.1% during the 1st quarter. Kornitzer Capital Management Inc. KS now owns 79,154 shares of the financial services provider’s stock valued at $10,722,000 after buying an additional 25,700 shares during the last quarter. Citizens Financial Group Inc. RI lifted its holdings in shares of CBRE Group by 138.3% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 12,971 shares of the financial services provider’s stock valued at $1,666,000 after acquiring an additional 7,529 shares during the last quarter. Plato Investment Management Ltd acquired a new stake in shares of CBRE Group in the second quarter worth approximately $2,209,000. Y Intercept Hong Kong Ltd raised its holdings in CBRE Group by 1,406.9% during the first quarter. Y Intercept Hong Kong Ltd now owns 28,647 shares of the financial services provider’s stock worth $3,881,000 after purchasing an additional 26,746 shares in the last quarter. Finally, IFP Advisors Inc boosted its stake in CBRE Group by 1,536.9% during the 3rd quarter. IFP Advisors Inc now owns 54,313 shares of the financial services provider’s stock valued at $6,978,000 after acquiring an additional 50,995 shares during the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

CBRE Group Trading Down 0.7%

Shares of NYSE CBRE opened at $135.38 on Monday. The company has a market cap of $39.02 billion, a price-to-earnings ratio of 28.99 and a beta of 1.24. The business’s 50 day moving average price is $135.04 and its 200-day moving average price is $141.18. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.17 and a current ratio of 1.17. CBRE Group has a fifty-two week low of $121.44 and a fifty-two week high of $174.27.

CBRE Group (NYSE:CBRE) last released its quarterly earnings data on Thursday, October 22nd. The financial services provider reported $2.05 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.09. CBRE Group had a return on equity of 26.31% and a net margin of 3.08%. The business had revenue of $11.52 billion for the quarter, compared to analyst estimates of $11.81 billion. During the same period in the previous year, the company posted $1.61 EPS. The company’s revenue was up 12.7% compared to the same quarter last year. On average, sell-side analysts expect that CBRE Group will post 7.76 earnings per share for the current year.

CBRE Group Company Profile

CBRE Group, Inc is a commercial real estate services and investment company serving property owners, occupiers, investors and developers. Its services include property leasing and sales, property and facilities management, project management, valuation, consulting and commercial real estate financing.

The company also provides real estate investment management and development services. Through its global operations, CBRE serves clients across a range of property types and markets, including offices, industrial facilities, retail properties and data centers.

CBRE traces its roots to a real estate business established in San Francisco in 1906.