CBRE Group, Inc. (NYSE:CBRE) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of CBRE Group, Inc. (NYSE:CBRE) have received a consensus rating of “Moderate Buy” from the seven analysts that are covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $113.83.

Several research firms have issued reports on CBRE. Evercore ISI increased their price objective on CBRE Group from $123.00 to $132.00 and gave the stock an “outperform” rating in a research note on Friday, October 4th. UBS Group cut their price target on shares of CBRE Group from $100.00 to $95.00 and set a “neutral” rating for the company in a report on Wednesday, July 3rd. Morgan Stanley began coverage on shares of CBRE Group in a research note on Thursday, July 25th. They set an “equal weight” rating and a $105.00 price objective on the stock. Keefe, Bruyette & Woods lifted their target price on shares of CBRE Group from $110.00 to $120.00 and gave the company a “market perform” rating in a research note on Thursday, August 1st. Finally, Wolfe Research upgraded CBRE Group to a “strong-buy” rating in a research report on Friday, August 16th.

CBRE Group Stock Performance

NYSE CBRE opened at $121.93 on Friday. CBRE Group has a twelve month low of $64.63 and a twelve month high of $125.43. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.36. The stock has a market cap of $37.41 billion, a P/E ratio of 37.98 and a beta of 1.40. The company’s 50-day simple moving average is $116.54 and its 200 day simple moving average is $100.22.

CBRE Group (NYSE:CBRE) last released its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.12. The company had revenue of $8.39 billion for the quarter, compared to analyst estimates of $8.31 billion. CBRE Group had a return on equity of 12.74% and a net margin of 2.79%. The company’s revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.82 EPS. As a group, research analysts forecast that CBRE Group will post 4.81 earnings per share for the current fiscal year.

Insider Activity at CBRE Group

In other CBRE Group news, Director Christopher T. Jenny sold 10,847 shares of the company’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $112.00, for a total transaction of $1,214,864.00. Following the transaction, the director now owns 51,244 shares of the company’s stock, valued at approximately $5,739,328. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Daniel G. Queenan sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $114.67, for a total value of $1,146,700.00. Following the transaction, the chief executive officer now owns 217,094 shares in the company, valued at $24,894,168.98. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christopher T. Jenny sold 10,847 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $112.00, for a total value of $1,214,864.00. Following the sale, the director now directly owns 51,244 shares of the company’s stock, valued at $5,739,328. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 27,232 shares of company stock valued at $3,058,787 over the last quarter. Corporate insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On CBRE Group

Several institutional investors have recently modified their holdings of the business. Fidelis Capital Partners LLC boosted its position in shares of CBRE Group by 2.5% in the 2nd quarter. Fidelis Capital Partners LLC now owns 3,912 shares of the financial services provider’s stock worth $349,000 after purchasing an additional 96 shares during the last quarter. Studio Investment Management LLC grew its position in shares of CBRE Group by 2.5% during the 2nd quarter. Studio Investment Management LLC now owns 5,546 shares of the financial services provider’s stock worth $494,000 after buying an additional 135 shares during the period. Mather Group LLC. increased its stake in shares of CBRE Group by 8.7% in the 2nd quarter. Mather Group LLC. now owns 1,717 shares of the financial services provider’s stock valued at $167,000 after acquiring an additional 138 shares during the last quarter. Rathbones Group PLC raised its position in shares of CBRE Group by 3.0% in the 2nd quarter. Rathbones Group PLC now owns 4,774 shares of the financial services provider’s stock valued at $425,000 after acquiring an additional 140 shares during the period. Finally, First Horizon Advisors Inc. boosted its stake in CBRE Group by 18.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 941 shares of the financial services provider’s stock worth $84,000 after acquiring an additional 144 shares during the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

CBRE Group Company Profile

CBRE Group, Inc operates as a commercial real estate services and investment company in the United States, the United Kingdom, and internationally. The Advisory Services segment offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing of offices, and industrial and retail space; clients fully integrated property sales services under the CBRE Capital Markets brand; clients commercial mortgage and structured financing services; originates and sells commercial mortgage loans; property management services, such as marketing, building engineering, accounting, and financial services on a contractual basis for owners of and investors in office, industrial, and retail properties; 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.