Brokerages Set CBRE Group, Inc. (NYSE:CBRE) PT at $149.89

Shares of CBRE Group, Inc. (NYSE:CBRE) have earned a consensus recommendation of “Moderate Buy” from the ten analysts that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $149.89.

A number of research analysts recently issued reports on CBRE shares. Raymond James downgraded CBRE Group from a “strong-buy” rating to an “outperform” rating and cut their price objective for the company from $155.00 to $152.00 in a research note on Friday, January 24th. Keefe, Bruyette & Woods lifted their target price on CBRE Group from $142.00 to $145.00 and gave the company a “market perform” rating in a research note on Friday, February 14th. Jefferies Financial Group raised shares of CBRE Group from a “hold” rating to a “buy” rating and increased their price objective for the company from $133.00 to $152.00 in a report on Thursday, January 2nd. Morgan Stanley boosted their target price on shares of CBRE Group from $160.00 to $165.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. Finally, JPMorgan Chase & Co. raised shares of CBRE Group from a “neutral” rating to an “overweight” rating and raised their target price for the company from $120.00 to $163.00 in a research note on Monday, December 16th.

CBRE Group Stock Performance

Shares of NYSE CBRE opened at $113.64 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35. CBRE Group has a 12-month low of $84.24 and a 12-month high of $147.75. The firm has a market capitalization of $34.09 billion, a price-to-earnings ratio of 36.19 and a beta of 1.26. The firm has a 50 day moving average of $134.61 and a 200 day moving average of $132.43.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 EPS for the quarter, topping the consensus estimate of $2.20 by $0.12. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. On average, research analysts anticipate that CBRE Group will post 5.99 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Emma E. Giamartino sold 2,000 shares of the stock in a transaction on Monday, March 17th. The shares were sold at an average price of $125.69, for a total value of $251,380.00. Following the sale, the chief financial officer now owns 107,343 shares of the company’s stock, valued at approximately $13,491,941.67. This represents a 1.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Chad J. Doellinger sold 797 shares of CBRE Group stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $126.31, for a total transaction of $100,669.07. Following the transaction, the insider now directly owns 28,735 shares of the company’s stock, valued at approximately $3,629,517.85. This represents a 2.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On CBRE Group

Institutional investors and hedge funds have recently modified their holdings of the business. Meridian Wealth Management LLC grew its holdings in shares of CBRE Group by 1.4% in the fourth quarter. Meridian Wealth Management LLC now owns 5,192 shares of the financial services provider’s stock worth $682,000 after purchasing an additional 71 shares during the last quarter. Gilbert & Cook Inc. increased its position in shares of CBRE Group by 1.4% during the fourth quarter. Gilbert & Cook Inc. now owns 5,448 shares of the financial services provider’s stock worth $715,000 after acquiring an additional 75 shares during the period. Signaturefd LLC raised its stake in shares of CBRE Group by 2.0% during the fourth quarter. Signaturefd LLC now owns 5,074 shares of the financial services provider’s stock valued at $666,000 after acquiring an additional 99 shares in the last quarter. IFP Advisors Inc boosted its holdings in shares of CBRE Group by 9.1% in the fourth quarter. IFP Advisors Inc now owns 1,203 shares of the financial services provider’s stock valued at $158,000 after purchasing an additional 100 shares during the period. Finally, Fidelis Capital Partners LLC increased its holdings in CBRE Group by 2.6% during the 4th quarter. Fidelis Capital Partners LLC now owns 4,098 shares of the financial services provider’s stock worth $584,000 after purchasing an additional 104 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.