CBRE Group (NYSE:CBRE) Now Covered by The Goldman Sachs Group

Equities research analysts at The Goldman Sachs Group initiated coverage on shares of CBRE Group (NYSE:CBRE) in a research report issued on Friday, MarketBeat Ratings reports. The brokerage set a “buy” rating and a $176.00 price target on the financial services provider’s stock. The Goldman Sachs Group’s price objective would suggest a potential upside of 29.01% from the company’s previous close.

CBRE has been the topic of a number of other research reports. Keefe, Bruyette & Woods increased their price target on CBRE Group from $125.00 to $138.00 and gave the stock a “market perform” rating in a report on Tuesday, October 29th. Citigroup lifted their price target on shares of CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Evercore ISI raised their target price on CBRE Group from $123.00 to $132.00 and gave the company an “outperform” rating in a research note on Friday, October 4th. Finally, Wolfe Research raised CBRE Group to a “strong-buy” rating in a research note on Friday, August 16th. Five analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, CBRE Group has an average rating of “Moderate Buy” and an average price target of $129.63.

CBRE Group Price Performance

Shares of NYSE:CBRE opened at $136.42 on Friday. The firm has a market cap of $41.75 billion, a PE ratio of 43.86 and a beta of 1.39. CBRE Group has a 52 week low of $80.97 and a 52 week high of $142.00. The firm’s fifty day moving average is $129.97 and its 200-day moving average is $111.60. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.13.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $8.80 billion. During the same period last year, the company earned $0.72 earnings per share. The firm’s revenue was up 14.8% compared to the same quarter last year. Sell-side analysts predict that CBRE Group will post 4.99 earnings per share for the current year.

Insider Buying and Selling at CBRE Group

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

Institutional Trading of CBRE Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. FMR LLC increased its stake in CBRE Group by 85.6% in the 3rd quarter. FMR LLC now owns 7,587,042 shares of the financial services provider’s stock valued at $944,435,000 after buying an additional 3,498,244 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in shares of CBRE Group by 60.2% in the third quarter. Robeco Institutional Asset Management B.V. now owns 2,645,569 shares of the financial services provider’s stock valued at $329,320,000 after acquiring an additional 993,963 shares in the last quarter. State Street Corp increased its position in shares of CBRE Group by 5.4% during the third quarter. State Street Corp now owns 13,433,513 shares of the financial services provider’s stock valued at $1,672,204,000 after acquiring an additional 692,697 shares during the last quarter. Eminence Capital LP lifted its holdings in CBRE Group by 42.6% during the second quarter. Eminence Capital LP now owns 1,518,203 shares of the financial services provider’s stock worth $135,287,000 after acquiring an additional 453,406 shares during the period. Finally, Maverick Capital Ltd. purchased a new position in CBRE Group in the second quarter worth $36,820,000. Hedge funds and other 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.