CBRE Group (NYSE:CBRE) Price Target Raised to $160.00

CBRE Group (NYSE:CBRE) had its price target raised by Citigroup from $130.00 to $160.00 in a report released on Monday,Benzinga reports. Citigroup currently has a buy rating on the financial services provider’s stock.

Other research analysts also recently issued research reports about the stock. Evercore ISI lifted their price objective on CBRE Group from $123.00 to $132.00 and gave the stock an “outperform” rating in a report on Friday, October 4th. Keefe, Bruyette & Woods increased their target price on CBRE Group from $125.00 to $138.00 and gave the company a “market perform” rating in a report on Tuesday, October 29th. Finally, Wolfe Research upgraded CBRE Group to a “strong-buy” rating in a research report on Friday, August 16th. Five research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $123.00.

CBRE Group Stock Up 0.2 %

CBRE Group stock opened at $140.76 on Monday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market capitalization of $43.07 billion, a PE ratio of 45.26 and a beta of 1.39. The business has a 50 day simple moving average of $128.07 and a 200-day simple moving average of $109.74. CBRE Group has a 12 month low of $78.18 and a 12 month high of $142.00.

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. The company had revenue of $9.04 billion during the quarter, compared to analyst estimates of $8.80 billion. CBRE Group had a net margin of 2.79% and a return on equity of 13.91%. The firm’s revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.72 EPS. On average, analysts anticipate that CBRE Group will post 4.99 EPS for the current fiscal year.

Insider Activity at CBRE Group

In other CBRE Group news, CEO Daniel G. Queenan sold 10,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $114.67, for a total value of $1,146,700.00. Following the transaction, the chief executive officer now directly owns 217,094 shares in the company, valued at $24,894,168.98. The trade was a 4.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Emma E. Giamartino sold 1,815 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $131.34, for a total transaction of $238,382.10. Following the completion of the sale, the chief financial officer now directly 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 disclosure for this sale can be found here. Insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CBRE. Cetera Investment Advisers increased its stake in CBRE Group by 500.1% during the first quarter. Cetera Investment Advisers now owns 27,947 shares of the financial services provider’s stock worth $2,718,000 after acquiring an additional 23,290 shares during the last quarter. Bayesian Capital Management LP increased its position in shares of CBRE Group by 138.8% during the 1st quarter. Bayesian Capital Management LP now owns 9,900 shares of the financial services provider’s stock worth $963,000 after purchasing an additional 5,754 shares during the last quarter. Czech National Bank raised its holdings in CBRE Group by 9.8% in the 2nd quarter. Czech National Bank now owns 57,473 shares of the financial services provider’s stock valued at $5,121,000 after buying an additional 5,125 shares during the period. Comerica Bank lifted its position in CBRE Group by 7.4% in the first quarter. Comerica Bank now owns 91,518 shares of the financial services provider’s stock valued at $8,899,000 after buying an additional 6,337 shares during the last quarter. Finally, Tidal Investments LLC boosted its stake in CBRE Group by 188.0% during the first quarter. Tidal Investments LLC now owns 16,453 shares of the financial services provider’s stock worth $1,599,000 after buying an additional 10,740 shares during the period. 98.41% of the stock is currently owned by institutional investors and hedge funds.

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.