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

CBRE Group, Inc. (NYSE:CBRE) has been assigned a consensus rating of “Moderate Buy” from the eight ratings firms that are covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $123.00.

Several research analysts have commented on CBRE shares. Evercore ISI upped their price objective on shares of CBRE Group from $123.00 to $132.00 and gave the stock an “outperform” rating in a report on Friday, October 4th. Citigroup increased their price target on shares of CBRE Group from $130.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Keefe, Bruyette & Woods lifted their price objective on CBRE Group from $125.00 to $138.00 and gave the company a “market perform” rating in a research report on Tuesday, October 29th. Finally, Wolfe Research raised CBRE Group to a “strong-buy” rating in a research report on Friday, August 16th.

Insider Buying and Selling at CBRE Group

In other news, CEO Daniel G. Queenan sold 10,000 shares of the stock in a transaction on 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 sale, the chief executive officer now directly owns 217,094 shares of the company’s stock, valued at approximately $24,894,168.98. This represents a 4.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Emma E. Giamartino sold 1,815 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $131.34, for a total value of $238,382.10. Following the transaction, the chief financial officer now owns 70,154 shares of the company’s stock, valued at $9,214,026.36. The trade was a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CBRE. Canton Hathaway LLC purchased a new position in CBRE Group in the 3rd quarter worth approximately $27,000. American National Bank & Trust bought a new stake in shares of CBRE Group in the 3rd quarter worth $28,000. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of CBRE Group by 190.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 328 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 215 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of CBRE Group during the third quarter valued at $32,000. Finally, Wolff Wiese Magana LLC increased its holdings in CBRE Group by 2,830.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider’s stock worth $36,000 after buying an additional 283 shares in the last quarter. Institutional investors own 98.41% of the company’s stock.

CBRE Group Stock Down 0.5 %

Shares of NYSE:CBRE opened at $139.99 on Monday. The stock’s 50-day moving average is $128.80 and its 200 day moving average is $110.59. The company has a market cap of $42.84 billion, a PE ratio of 45.01 and a beta of 1.39. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.13 and a quick ratio of 1.13. CBRE Group has a 1 year low of $78.18 and a 1 year high of $142.00.

CBRE Group (NYSE:CBRE) last posted its earnings results on Thursday, October 24th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.14. The firm had revenue of $9.04 billion for the quarter, compared to analysts’ expectations of $8.80 billion. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. The business’s revenue was up 14.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.72 earnings per share. Sell-side analysts anticipate that CBRE Group will post 4.99 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.