UBS AG initiated coverage on shares of CBRE Group, Inc. (NYSE:CBG) in a research note released on Wednesday, 99wallstreet.com reports. The firm issued a neutral rating and a $41.00 price objective on the financial services provider’s stock.

Several other equities analysts have also commented on the company. Zacks Investment Research lowered CBRE Group from a buy rating to a hold rating in a research report on Tuesday, April 18th. Wedbush reaffirmed an outperform rating and issued a $38.00 price target on shares of CBRE Group in a research report on Monday, April 17th. Keefe, Bruyette & Woods reaffirmed a hold rating and issued a $36.00 price target on shares of CBRE Group in a research report on Tuesday, May 30th. Finally, Barclays PLC lifted their price target on CBRE Group from $40.00 to $42.00 and gave the stock an overweight rating in a research report on Tuesday, July 18th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of $39.40.

Shares of CBRE Group (NYSE CBG) opened at 37.63 on Wednesday. The firm’s 50-day moving average is $36.58 and its 200-day moving average is $34.65. CBRE Group has a 52 week low of $25.40 and a 52 week high of $38.99. The company has a market cap of $12.68 billion, a price-to-earnings ratio of 18.37 and a beta of 1.83.

CBRE Group (NYSE:CBG) last announced its quarterly earnings data on Thursday, July 27th. The financial services provider reported $0.65 EPS for the quarter, beating the consensus estimate of $0.53 by $0.12. The business had revenue of $3.34 billion during the quarter, compared to analyst estimates of $3.39 billion. CBRE Group had a return on equity of 26.40% and a net margin of 5.21%. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.52 earnings per share. Equities research analysts predict that CBRE Group will post $2.47 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: “CBRE Group, Inc. (NYSE:CBG) Now Covered by UBS AG” was first reported by Watch List News and is owned by of Watch List News. If you are accessing this story on another site, it was illegally copied and reposted in violation of United States & international copyright and trademark laws. The original version of this story can be accessed at https://www.watchlistnews.com/cbre-group-inc-nysecbg-now-covered-by-ubs-ag/1462554.html.

In other news, insider Michael J. Lafitte sold 15,000 shares of CBRE Group stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of $37.02, for a total value of $555,300.00. Following the completion of the transaction, the insider now owns 369,774 shares of the company’s stock, valued at approximately $13,689,033.48. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO William F. Concannon sold 20,000 shares of CBRE Group stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $38.09, for a total value of $761,800.00. Following the completion of the transaction, the chief executive officer now directly owns 233,896 shares of the company’s stock, valued at approximately $8,909,098.64. The disclosure for this sale can be found here. In the last ninety days, insiders sold 50,000 shares of company stock valued at $1,865,650. 1.00% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of the company. Nationwide Fund Advisors boosted its position in CBRE Group by 4.2% in the first quarter. Nationwide Fund Advisors now owns 717,301 shares of the financial services provider’s stock valued at $24,955,000 after buying an additional 29,004 shares in the last quarter. Global Thematic Partners LLC boosted its position in CBRE Group by 8.1% in the first quarter. Global Thematic Partners LLC now owns 1,306,163 shares of the financial services provider’s stock valued at $45,442,000 after buying an additional 97,368 shares in the last quarter. Teachers Advisors LLC boosted its position in CBRE Group by 2.8% in the fourth quarter. Teachers Advisors LLC now owns 430,612 shares of the financial services provider’s stock valued at $13,560,000 after buying an additional 11,786 shares in the last quarter. National Pension Service boosted its position in CBRE Group by 16,166.0% in the first quarter. National Pension Service now owns 311,168 shares of the financial services provider’s stock valued at $10,810,000 after buying an additional 309,255 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. raised its stake in CBRE Group by 8.4% in the first quarter. Candriam Luxembourg S.C.A. now owns 438,054 shares of the financial services provider’s stock valued at $15,241,000 after buying an additional 33,939 shares during the last quarter. 96.31% of the stock is owned by hedge funds and other institutional investors.

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.

Receive News & Ratings for CBRE Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CBRE Group Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.