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

CBRE Group, Inc. (NYSE:CBRE) has been assigned an average rating of “Moderate Buy” from the seven research firms that are presently covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $113.83.

Several research firms recently commented on CBRE. Keefe, Bruyette & Woods raised their price target on shares of CBRE Group from $110.00 to $120.00 and gave the stock a “market perform” rating in a report on Thursday, August 1st. Evercore ISI lifted their target price on shares of CBRE Group from $123.00 to $132.00 and gave the company an “outperform” rating in a research note on Friday, October 4th. Morgan Stanley initiated coverage on shares of CBRE Group in a research note on Thursday, July 25th. They issued an “equal weight” rating and a $105.00 price target on the stock. Wolfe Research raised CBRE Group to a “strong-buy” rating in a research report on Friday, August 16th. Finally, Raymond James upped their target price on CBRE Group from $122.00 to $124.00 and gave the stock a “strong-buy” rating in a research report on Thursday, July 25th.

CBRE Group Trading Up 2.0 %

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

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

Insiders Place Their Bets

In other CBRE Group news, Director Christopher T. Jenny sold 10,847 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Daniel G. Queenan sold 10,000 shares of CBRE Group 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 directly owns 217,094 shares in the company, valued at approximately $24,894,168.98. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Christopher T. Jenny sold 10,847 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $112.00, for a total value of $1,214,864.00. Following the sale, the director now owns 51,244 shares of the company’s stock, valued at approximately $5,739,328. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 27,232 shares of company stock valued at $3,058,787 over the last quarter. Insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CBRE. American National Bank & Trust acquired a new position in shares of CBRE Group during the third quarter valued at about $28,000. Crewe Advisors LLC acquired a new position in CBRE Group in the 1st quarter valued at approximately $30,000. Benjamin F. Edwards & Company Inc. lifted its position in shares of CBRE Group by 190.3% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 328 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 215 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of CBRE Group by 44.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 533 shares of the financial services provider’s stock worth $52,000 after purchasing an additional 165 shares in the last quarter. Finally, Exchange Traded Concepts LLC increased its position in shares of CBRE Group by 680.0% during the third quarter. Exchange Traded Concepts LLC now owns 624 shares of the financial services provider’s stock valued at $78,000 after purchasing an additional 544 shares during the period. 98.41% of the stock is owned by institutional investors.

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.