CBRE Group (NYSE:CBRE) Sees Large Volume Increase

Shares of CBRE Group, Inc. (NYSE:CBRE) saw unusually-high trading volume on Monday . Approximately 583,806 shares were traded during mid-day trading, a decline of 65% from the previous session’s volume of 1,669,158 shares.The stock last traded at $111.25 and had previously closed at $110.55.

Wall Street Analyst Weigh In

A number of research firms recently commented on CBRE. Keefe, Bruyette & Woods boosted their target price on CBRE Group from $100.00 to $110.00 and gave the stock a “market perform” rating in a research report on Thursday. UBS Group cut their target price 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. They set an “equal weight” rating and a $105.00 price target on the stock. StockNews.com lowered shares of CBRE Group from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Finally, Jefferies Financial Group assumed coverage on shares of CBRE Group in a report on Wednesday, April 10th. They issued a “hold” rating and a $107.00 target price on the stock. Five analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $108.86.

CBRE Group Trading Up 0.8 %

The company’s 50 day moving average price is $90.59 and its two-hundred day moving average price is $90.07. The firm has a market cap of $34.15 billion, a PE ratio of 34.44 and a beta of 1.40. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.36.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.12. CBRE Group had a net margin of 2.79% and a return on equity of 12.74%. The company had revenue of $8.39 billion for the quarter, compared to analyst estimates of $8.31 billion. During the same period in the prior year, the company posted $0.82 EPS. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. As a group, sell-side analysts forecast that CBRE Group, Inc. will post 4.83 EPS for the current year.

Institutional Trading of CBRE Group

A number of hedge funds have recently added to or reduced their stakes in CBRE. Crewe Advisors LLC bought a new stake in shares of CBRE Group in the 1st quarter valued at about $30,000. Turtle Creek Wealth Advisors LLC bought a new position in CBRE Group in the fourth quarter worth approximately $45,000. EverSource Wealth Advisors LLC lifted its holdings in CBRE Group by 44.8% during the first quarter. EverSource Wealth Advisors LLC now owns 533 shares of the financial services provider’s stock worth $52,000 after buying an additional 165 shares during the period. EdgeRock Capital LLC bought a new stake in CBRE Group during the 4th quarter valued at $59,000. Finally, Spartan Planning & Wealth Management purchased a new position in shares of CBRE Group in the 4th quarter valued at $78,000. 98.41% of the stock is owned by hedge funds and other institutional investors.

About CBRE Group

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.