CBRE Group (NYSE:CBRE) Raised to Buy at Jefferies Financial Group

CBRE Group (NYSE:CBRE) was upgraded by investment analysts at Jefferies Financial Group from a “hold” rating to a “buy” rating in a research note issued on Thursday,Briefing.com Automated Import reports. The brokerage currently has a $152.00 price objective on the financial services provider’s stock, up from their previous price objective of $133.00. Jefferies Financial Group’s price target would indicate a potential upside of 15.77% from the stock’s current price.

Other research analysts have also issued research reports about the stock. The Goldman Sachs Group started coverage on shares of CBRE Group in a research report on Friday, December 6th. They set a “buy” rating and a $176.00 price objective for the company. Evercore ISI boosted their price target on shares of CBRE Group from $123.00 to $132.00 and gave the company an “outperform” rating in a report on Friday, October 4th. Citigroup raised their price objective on shares of CBRE Group from $130.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Keefe, Bruyette & Woods upped their price objective on CBRE Group from $125.00 to $138.00 and gave the company a “market perform” rating in a research note on Tuesday, October 29th. Finally, JPMorgan Chase & Co. upgraded CBRE Group from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $120.00 to $163.00 in a research note on Monday, December 16th. Four equities research analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $138.33.

CBRE Group Trading Up 0.8 %

CBRE Group stock opened at $131.29 on Thursday. CBRE Group has a 52 week low of $82.75 and a 52 week high of $142.00. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market capitalization of $40.18 billion, a PE ratio of 42.22 and a beta of 1.39. The business’s 50-day simple moving average is $134.00 and its 200-day simple moving average is $117.85.

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

Insider Activity at CBRE Group

In other news, CFO Emma E. Giamartino sold 1,815 shares of the firm’s stock in a transaction dated 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 approximately $9,214,026.36. This trade represents a 2.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.54% of the stock is currently owned by company insiders.

Institutional Trading of CBRE Group

Several institutional investors and hedge funds have recently made changes to their positions in the business. Algert Global LLC bought a new stake in shares of CBRE Group in the 3rd quarter valued at about $1,829,000. Prestige Wealth Management Group LLC raised its stake in shares of CBRE Group by 17,304.5% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 3,829 shares of the financial services provider’s stock valued at $477,000 after purchasing an additional 3,807 shares during the period. Cornerstone Advisors LLC lifted its holdings in shares of CBRE Group by 29.9% in the third quarter. Cornerstone Advisors LLC now owns 16,500 shares of the financial services provider’s stock valued at $2,054,000 after purchasing an additional 3,800 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of CBRE Group by 0.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,876,724 shares of the financial services provider’s stock worth $233,615,000 after buying an additional 16,202 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. raised its position in CBRE Group by 6.8% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 323,311 shares of the financial services provider’s stock valued at $28,810,000 after buying an additional 20,717 shares during the last quarter. Institutional investors own 98.41% of the company’s stock.

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.