CBRE Group, Inc. (NYSE:CBRE) Given Average Rating of “Moderate Buy” by Brokerages

Shares of CBRE Group, Inc. (NYSE:CBRE) have earned a consensus rating of “Moderate Buy” from the ten research firms that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $138.33.

CBRE has been the topic of a number of recent research reports. The Goldman Sachs Group initiated coverage on shares of CBRE Group in a report on Friday, December 6th. They issued a “buy” rating and a $176.00 target price on the stock. Keefe, Bruyette & Woods boosted 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. Jefferies Financial Group raised CBRE Group from a “hold” rating to a “buy” rating and increased their target price for the stock from $133.00 to $152.00 in a research report on Thursday. 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. Finally, JPMorgan Chase & Co. raised shares of CBRE Group from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $120.00 to $163.00 in a report on Monday, December 16th.

Insider Activity at CBRE Group

In related news, CFO Emma E. Giamartino sold 1,815 shares of CBRE Group stock in a transaction on Friday, November 15th. The stock was sold at an average price of $131.34, for a total value of $238,382.10. Following the transaction, the chief financial officer now directly owns 70,154 shares in the company, valued at $9,214,026.36. The trade was a 2.52 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.54% of the company’s stock.

Institutional Trading of CBRE Group

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

CBRE Group Price Performance

Shares of NYSE CBRE opened at $129.90 on Friday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $39.75 billion, a price-to-earnings ratio of 41.77 and a beta of 1.39. CBRE Group has a twelve month low of $82.75 and a twelve month high of $142.00. The business has a 50 day simple moving average of $133.92 and a 200-day simple moving average of $117.94.

CBRE Group (NYSE:CBRE) last released its earnings results on Thursday, October 24th. The financial services provider reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.14. CBRE Group had a net margin of 2.79% and a return on equity of 13.91%. The firm had revenue of $9.04 billion during the quarter, compared to analyst estimates of $8.80 billion. During the same quarter in the previous year, the firm earned $0.72 earnings per share. The firm’s revenue for the quarter was up 14.8% compared to the same quarter last year. As a group, equities research analysts expect that CBRE Group will post 4.99 earnings per share 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.