Brokerages Set CBRE Group, Inc. (NYSE:CBRE) Target Price at $180.33

Shares of CBRE Group, Inc. (NYSE:CBRE) have earned a consensus recommendation of “Moderate Buy” from the eight brokerages that are covering the company, MarketBeat reports. One analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $180.3333.

CBRE has been the topic of several recent research reports. Keefe, Bruyette & Woods lifted their price target on CBRE Group from $158.00 to $174.00 and gave the company an “outperform” rating in a research note on Thursday, July 30th. Wall Street Zen downgraded CBRE Group from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Weiss Ratings reissued a “hold (c+)” rating on shares of CBRE Group in a research report on Friday, August 21st. Barclays boosted their target price on CBRE Group from $180.00 to $183.00 and gave the company an “overweight” rating in a research note on Monday, August 17th. Finally, UBS Group upped their price target on CBRE Group from $185.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th.

Insider Transactions at CBRE Group

In other news, insider Chad Doellinger sold 228 shares of the company’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $148.29, for a total value of $33,810.12. Following the sale, the insider directly owned 41,778 shares of the company’s stock, valued at approximately $6,195,259.62. This represents a 0.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vikramaditya Kohli sold 2,666 shares of the firm’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $150.00, for a total transaction of $399,900.00. Following the completion of the sale, the chief executive officer owned 134,869 shares of the company’s stock, valued at $20,230,350. This trade represents a 1.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 5,144 shares of company stock worth $767,363 in the last ninety days. Insiders own 0.46% of the company’s stock.

Institutional Trading of CBRE Group

A number of hedge funds have recently made changes to their positions in the business. QRG Capital Management Inc. lifted its stake in shares of CBRE Group by 5.7% during the 1st quarter. QRG Capital Management Inc. now owns 135,635 shares of the financial services provider’s stock worth $18,373,000 after buying an additional 7,349 shares during the last quarter. Flputnam Investment Management Co. grew its stake in CBRE Group by 39.5% in the 4th quarter. Flputnam Investment Management Co. now owns 137,524 shares of the financial services provider’s stock valued at $22,112,000 after buying an additional 38,944 shares during the last quarter. Norges Bank acquired a new position in CBRE Group in the 4th quarter valued at about $643,405,000. Northwestern Mutual Wealth Management Co. raised its holdings in CBRE Group by 5,115.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,017,355 shares of the financial services provider’s stock valued at $163,581,000 after acquiring an additional 997,848 shares during the period. Finally, Abacus Wealth Partners LLC bought a new position in CBRE Group in the 4th quarter valued at about $2,147,000. 98.41% of the stock is owned by institutional investors and hedge funds.

CBRE Group Stock Up 0.2%

Shares of NYSE CBRE opened at $139.60 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $40.43 billion, a PE ratio of 32.02 and a beta of 1.19. The firm’s 50-day moving average is $145.07 and its 200-day moving average is $140.03. CBRE Group has a 1 year low of $121.69 and a 1 year high of $174.27.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.09. CBRE Group had a net margin of 2.98% and a return on equity of 25.12%. The firm had revenue of $11.23 billion for the quarter, compared to analysts’ expectations of $11.18 billion. During the same period last year, the firm earned $1.19 earnings per share. The business’s revenue for the quarter was up 15.1% on a year-over-year basis. CBRE Group has set its FY 2026 guidance at 7.800-7.900 EPS. Equities analysts expect that CBRE Group will post 7.79 EPS for the current year.

About CBRE Group

CBRE Group, Inc is a global commercial real estate services and investment company headquartered in Dallas, Texas. Through its businesses, CBRE provides services to occupiers, owners, investors and developers of office, industrial, retail, multifamily, hotel and other property types.

The company’s principal activities include property leasing and sales, tenant and landlord representation, property management, facilities management, valuation and advisory services, capital markets, mortgage servicing, project management and real estate development.