CBRE Group, Inc. (NYSE:CBRE) Receives Average Rating of “Moderate Buy” from Analysts

Shares of CBRE Group, Inc. (NYSE:CBRE) have been given a consensus recommendation of “Moderate Buy” by the six brokerages that are currently covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $99.50.

A number of equities research analysts have issued reports on CBRE shares. Raymond James boosted their price target on CBRE Group from $95.00 to $103.00 and gave the company a “strong-buy” rating in a research note on Thursday, January 25th. TheStreet upgraded CBRE Group from a “c+” rating to a “b-” rating in a research note on Thursday, January 25th. Evercore ISI boosted their price objective on CBRE Group from $103.00 to $104.00 and gave the company an “in-line” rating in a research note on Tuesday, April 2nd. StockNews.com downgraded CBRE Group from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Finally, Keefe, Bruyette & Woods boosted their price objective on CBRE Group from $96.00 to $100.00 and gave the company a “market perform” rating in a research note on Friday, February 16th.

Insider Buying and Selling

In related news, CFO Emma E. Giamartino sold 2,667 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $93.53, for a total value of $249,444.51. Following the transaction, the chief financial officer now directly owns 72,350 shares of the company’s stock, valued at approximately $6,766,895.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.54% of the stock is owned by insiders.

Institutional Trading of CBRE Group

Several hedge funds have recently modified their holdings of the company. Harris Associates L P raised its holdings in shares of CBRE Group by 4.5% during the 4th quarter. Harris Associates L P now owns 16,005,141 shares of the financial services provider’s stock worth $1,489,919,000 after acquiring an additional 683,225 shares in the last quarter. FMR LLC raised its holdings in shares of CBRE Group by 3.1% during the 3rd quarter. FMR LLC now owns 9,465,982 shares of the financial services provider’s stock worth $699,157,000 after acquiring an additional 288,287 shares in the last quarter. Invesco Ltd. raised its holdings in shares of CBRE Group by 0.4% during the 3rd quarter. Invesco Ltd. now owns 7,083,778 shares of the financial services provider’s stock worth $523,208,000 after acquiring an additional 28,316 shares in the last quarter. Principal Financial Group Inc. raised its holdings in CBRE Group by 1.0% during the 1st quarter. Principal Financial Group Inc. now owns 6,936,745 shares of the financial services provider’s stock valued at $674,529,000 after buying an additional 69,164 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its holdings in CBRE Group by 2.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 6,033,928 shares of the financial services provider’s stock valued at $586,739,000 after buying an additional 165,094 shares during the period. 98.41% of the stock is owned by hedge funds and other institutional investors.

CBRE Group Price Performance

NYSE CBRE opened at $89.61 on Thursday. CBRE Group has a one year low of $64.63 and a one year high of $98.65. The stock has a 50-day moving average of $90.86 and a 200 day moving average of $87.77. The company has a market capitalization of $27.49 billion, a price-to-earnings ratio of 27.92 and a beta of 1.44. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.15 and a current ratio of 1.15.

CBRE Group (NYSE:CBRE) last released its quarterly earnings data on Friday, May 3rd. The financial services provider reported $0.78 EPS for the quarter, topping the consensus estimate of $0.69 by $0.09. The company had revenue of $7.94 billion during the quarter, compared to the consensus estimate of $7.94 billion. CBRE Group had a return on equity of 12.96% and a net margin of 3.06%. CBRE Group’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period last year, the company earned $0.92 EPS. On average, sell-side analysts forecast that CBRE Group will post 4.49 EPS for the current year.

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.