Analysts at Evercore ISI initiated coverage on shares of CBRE Group (NYSE:CBG) in a research note issued to investors on Monday, The Fly reports. The brokerage set a $48.00 price target on the financial services provider’s stock. Evercore ISI’s price objective suggests a potential upside of 4.62% from the company’s previous close.

A number of other equities research analysts also recently commented on the stock. Barclays reissued a “buy” rating and issued a $47.00 price objective on shares of CBRE Group in a research report on Wednesday, December 27th. Bank of America increased their price objective on shares of CBRE Group from $42.00 to $44.00 and gave the company a “buy” rating in a research report on Monday, November 6th. Finally, Zacks Investment Research downgraded shares of CBRE Group from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. CBRE Group has a consensus rating of “Hold” and an average target price of $43.57.

Shares of CBRE Group (NYSE CBG) opened at $45.88 on Monday. CBRE Group has a 52 week low of $29.69 and a 52 week high of $45.90. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.66. The firm has a market cap of $15,574.38, a P/E ratio of 19.78, a P/E/G ratio of 1.26 and a beta of 1.87.

CBRE Group (NYSE:CBG) last announced its quarterly earnings data on Friday, November 3rd. The financial services provider reported $0.64 EPS for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.10. CBRE Group had a net margin of 5.75% and a return on equity of 26.22%. The company had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.45 billion. During the same period in the prior year, the firm posted $0.50 EPS. The company’s quarterly revenue was up 11.2% compared to the same quarter last year. analysts predict that CBRE Group will post 2.66 earnings per share for the current year.

In other news, Director Frederic V. Malek sold 6,900 shares of the company’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $43.28, for a total value of $298,632.00. Following the completion of the transaction, the director now owns 267,446 shares in the company, valued at approximately $11,575,062.88. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP J. Christopher Kirk sold 20,000 shares of the company’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $43.32, for a total transaction of $866,400.00. Following the completion of the transaction, the executive vice president now owns 118,162 shares of the company’s stock, valued at approximately $5,118,777.84. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,988,565 shares of company stock worth $127,627,161. Insiders own 1.00% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of CBRE Group by 4.6% in the 2nd quarter. Vanguard Group Inc. now owns 29,111,569 shares of the financial services provider’s stock valued at $1,059,662,000 after buying an additional 1,289,368 shares in the last quarter. FMR LLC boosted its holdings in shares of CBRE Group by 10.6% in the 2nd quarter. FMR LLC now owns 10,837,894 shares of the financial services provider’s stock valued at $394,500,000 after buying an additional 1,040,182 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of CBRE Group by 13,158.3% in the 2nd quarter. Janus Henderson Group PLC now owns 5,733,291 shares of the financial services provider’s stock valued at $208,691,000 after buying an additional 5,690,048 shares in the last quarter. Prudential Financial Inc. boosted its holdings in shares of CBRE Group by 3.7% in the 3rd quarter. Prudential Financial Inc. now owns 3,761,965 shares of the financial services provider’s stock valued at $142,503,000 after buying an additional 135,037 shares in the last quarter. Finally, Hosking Partners LLP boosted its holdings in shares of CBRE Group by 0.5% in the 3rd quarter. Hosking Partners LLP now owns 2,436,782 shares of the financial services provider’s stock valued at $92,305,000 after buying an additional 11,712 shares in the last quarter. Institutional investors and hedge funds own 94.64% of the company’s stock.

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About CBRE Group

CBRE Group, Inc 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.

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