CBRE Group (NYSE:CBRE) Given New $164.00 Price Target at Keefe, Bruyette & Woods

CBRE Group (NYSE:CBRE) had its price target decreased by stock analysts at Keefe, Bruyette & Woods from $174.00 to $164.00 in a report issued on Friday, Benzinga reports. The firm presently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 26.49% from the company’s previous close.

Other equities analysts also recently issued reports about the stock. Evercore reaffirmed an “outperform” rating and set a $175.00 price objective on shares of CBRE Group in a report on Thursday, July 30th. UBS Group increased their target price on shares of CBRE Group from $185.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Wall Street Zen cut shares of CBRE Group from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Barclays upped their price objective on shares of CBRE Group from $180.00 to $183.00 and gave the stock an “overweight” rating in a research report on Monday, August 17th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of CBRE Group in a research note on Friday, August 21st. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $178.40.

CBRE Group Stock Down 1.1%

Shares of CBRE traded down $1.43 on Friday, reaching $129.65. The company’s stock had a trading volume of 552,863 shares, compared to its average volume of 2,084,512. The stock has a market capitalization of $37.54 billion, a PE ratio of 29.74 and a beta of 1.23. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.66. CBRE Group has a twelve month low of $121.69 and a twelve month high of $174.27. The firm has a fifty day moving average of $142.74 and a 200-day moving average of $139.70.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $1.56 EPS for the quarter, topping the consensus estimate of $1.47 by $0.09. The firm had revenue of $11.23 billion during the quarter, compared to the consensus estimate of $11.18 billion. CBRE Group had a return on equity of 25.12% and a net margin of 2.98%.The company’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.19 earnings per share. CBRE Group has set its FY 2026 guidance at 7.800-7.900 EPS. Equities analysts predict that CBRE Group will post 7.79 EPS for the current year.

Insider Buying and Selling

In other CBRE Group news, CFO Emma Giamartino sold 2,250 shares of CBRE Group stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $148.29, for a total value of $333,652.50. Following the sale, the chief financial officer owned 108,479 shares of the company’s stock, valued at approximately $16,086,350.91. The trade was a 2.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Chad J. Doellinger sold 228 shares of the business’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $148.29, for a total transaction of $33,810.12. Following the completion of the transaction, the insider owned 41,778 shares in the company, valued at approximately $6,195,259.62. The trade was a 0.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 5,144 shares of company stock valued at $767,363. 0.46% of the stock is owned by insiders.

Institutional Investors Weigh In On CBRE Group

Large investors have recently modified their holdings of the stock. Centersquare Investment Management LLC raised its holdings in CBRE Group by 0.7% in the fourth quarter. Centersquare Investment Management LLC now owns 10,470 shares of the financial services provider’s stock worth $1,683,000 after buying an additional 70 shares during the last quarter. Relyea Zuckerberg Hanson LLC grew its holdings in shares of CBRE Group by 3.6% during the first quarter. Relyea Zuckerberg Hanson LLC now owns 2,056 shares of the financial services provider’s stock valued at $279,000 after buying an additional 72 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its holdings in CBRE Group by 0.9% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 8,643 shares of the financial services provider’s stock worth $1,171,000 after acquiring an additional 76 shares during the last quarter. Root Financial Partners LLC lifted its position in CBRE Group by 16.4% in the 1st quarter. Root Financial Partners LLC now owns 562 shares of the financial services provider’s stock valued at $76,000 after acquiring an additional 79 shares in the last quarter. Finally, Stephens Inc. AR boosted its stake in CBRE Group by 2.7% during the 1st quarter. Stephens Inc. AR now owns 3,532 shares of the financial services provider’s stock valued at $478,000 after purchasing an additional 92 shares during the last quarter. Hedge funds and other institutional investors own 98.41% of the company’s stock.

CBRE Group Company Profile

CBRE Group, Inc is a global commercial real estate services and investment firm headquartered in Dallas, Texas. Through its operations in the Americas, Europe, the Middle East and Africa, and the Asia-Pacific region, the company serves corporations, property owners, investors, lenders, and public-sector organizations.

CBRE’s services include commercial property leasing and sales, tenant and occupier representation, capital markets advisory, property valuation, consulting, research, and development services.