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

CBRE Group, Inc. (NYSE:CBRE) has earned a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $99.50.

CBRE has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods upped their price target on shares of CBRE Group from $96.00 to $100.00 and gave the stock a “market perform” rating in a research report on Friday, February 16th. TheStreet raised CBRE Group from a “c+” rating to a “b-” rating in a report on Thursday, January 25th. Jefferies Financial Group started coverage on CBRE Group in a research report on Wednesday, April 10th. They issued a “hold” rating and a $107.00 price objective on the stock. Raymond James increased their target price on CBRE Group from $95.00 to $103.00 and gave the stock a “strong-buy” rating in a research report on Thursday, January 25th. Finally, StockNews.com raised CBRE Group from a “hold” rating to a “buy” rating in a report on Tuesday, April 23rd.

Insider Buying and Selling

In other CBRE Group news, CFO Emma E. Giamartino sold 2,667 shares of CBRE Group 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 sale, the chief financial officer now owns 72,350 shares of the company’s stock, valued at approximately $6,766,895.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO John E. Durburg sold 25,000 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $92.20, for a total value of $2,305,000.00. Following the completion of the transaction, the chief executive officer now owns 207,856 shares of the company’s stock, valued at approximately $19,164,323.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 sale, the chief financial officer now directly owns 72,350 shares in the company, valued at $6,766,895.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 39,592 shares of company stock worth $3,675,752. Corporate insiders own 0.54% of the company’s stock.

Hedge Funds Weigh In On CBRE Group

Institutional investors and hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC lifted its position in CBRE Group by 795.4% in the fourth quarter. SG Americas Securities LLC now owns 140,795 shares of the financial services provider’s stock worth $13,107,000 after buying an additional 125,071 shares during the last quarter. DNB Asset Management AS raised its position in CBRE Group by 37.9% in the 4th quarter. DNB Asset Management AS now owns 128,636 shares of the financial services provider’s stock worth $11,975,000 after purchasing an additional 35,386 shares during the period. Advisor Resource Council purchased a new stake in CBRE Group in the 4th quarter worth about $1,083,000. Sei Investments Co. boosted its position in shares of CBRE Group by 14.1% during the third quarter. Sei Investments Co. now owns 1,073,768 shares of the financial services provider’s stock valued at $79,308,000 after buying an additional 132,748 shares during the period. Finally, Nordea Investment Management AB grew its stake in shares of CBRE Group by 2.8% during the fourth quarter. Nordea Investment Management AB now owns 21,548 shares of the financial services provider’s stock valued at $2,014,000 after buying an additional 578 shares during the last quarter. Hedge funds and other institutional investors own 98.41% of the company’s stock.

CBRE Group Trading Up 0.4 %

NYSE:CBRE opened at $87.33 on Friday. The firm has a market capitalization of $26.81 billion, a price-to-earnings ratio of 27.55 and a beta of 1.42. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.17 and a quick ratio of 1.17. The business has a fifty day moving average price of $92.13 and a 200-day moving average price of $85.39. CBRE Group has a one year low of $64.63 and a one year high of $98.65.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings data on Thursday, February 15th. The financial services provider reported $1.38 EPS for the quarter, topping the consensus estimate of $1.21 by $0.17. The firm had revenue of $8.95 billion for the quarter, compared to the consensus estimate of $8.44 billion. CBRE Group had a return on equity of 13.69% and a net margin of 3.09%. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.33 earnings per share. Sell-side analysts forecast that CBRE Group will post 4.45 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.