Compass Point started coverage on shares of CBRE Group (NYSE:CBRE) in a research report released on Wednesday, BenzingaRatingsTable reports. The brokerage issued a neutral rating and a $54.00 target price on the financial services provider’s stock.

Shares of CBRE opened at $52.80 on Wednesday. CBRE Group has a 1 year low of $37.45 and a 1 year high of $53.15. The firm has a market capitalization of $17.76 billion, a P/E ratio of 14.96, a price-to-earnings-growth ratio of 1.32 and a beta of 1.70. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.52. The company’s fifty day moving average price is $49.94.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings results on Wednesday, May 8th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.20. CBRE Group had a net margin of 4.94% and a return on equity of 24.72%. The company had revenue of $5.14 billion during the quarter, compared to the consensus estimate of $5.09 billion. During the same quarter in the previous year, the company posted $0.54 earnings per share. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. On average, equities analysts expect that CBRE Group will post 3.63 EPS for the current fiscal year.

In other news, Director Curtis F. Feeny sold 4,514 shares of the business’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $47.30, for a total transaction of $213,512.20. Following the completion of the transaction, the director now owns 4,228 shares of the company’s stock, valued at $199,984.40. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Dara Bazzano sold 1,252 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $47.51, for a total transaction of $59,482.52. Following the transaction, the insider now directly owns 21,246 shares of the company’s stock, valued at approximately $1,009,397.46. The disclosure for this sale can be found here. In the last three months, insiders have sold 49,766 shares of company stock valued at $2,461,995. Corporate insiders own 0.74% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Commonwealth Equity Services LLC bought a new position in CBRE Group in the 4th quarter worth $418,000. Advisor Group Inc. boosted its holdings in CBRE Group by 33.1% in the 4th quarter. Advisor Group Inc. now owns 17,467 shares of the financial services provider’s stock worth $700,000 after buying an additional 4,343 shares during the period. Van ECK Associates Corp bought a new position in CBRE Group in the 4th quarter worth $38,000. Nomura Asset Management Co. Ltd. boosted its holdings in CBRE Group by 1.9% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 51,320 shares of the financial services provider’s stock worth $2,055,000 after buying an additional 964 shares during the period. Finally, Bessemer Group Inc. boosted its holdings in CBRE Group by 209.5% in the 4th quarter. Bessemer Group Inc. now owns 2,027 shares of the financial services provider’s stock worth $82,000 after buying an additional 1,372 shares during the period. 92.88% of the stock is owned by institutional investors.

About CBRE Group

CBRE Group, Inc operates as a commercial real estate services and investment company worldwide. It operates through Americas; Europe, Middle East and Africa; Asia Pacific; Global Investment Management; and Development Services segments. The company offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing; integrated property sales, and mortgage and structured financing services under the CBRE Capital Markets brand; and valuation services that include market value appraisals, litigation support, discounted cash flow analyses, and feasibility studies, as well as consulting services, such as property condition reports, hotel advisory, and environmental consulting.

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Analyst Recommendations for CBRE Group (NYSE:CBRE)

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