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

Shares of CBRE Group, Inc. (NYSE:CBRE) have earned an average rating of “Moderate Buy” from the six research firms that are presently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $99.50.

Several equities analysts recently weighed in on CBRE shares. StockNews.com upgraded CBRE Group from a “hold” rating to a “buy” rating in a research note on Tuesday, April 23rd. Jefferies Financial Group initiated coverage on CBRE Group in a research report on Wednesday, April 10th. They issued a “hold” rating and a $107.00 price objective for the company. Raymond James lifted their price target on shares of CBRE Group from $95.00 to $103.00 and gave the company a “strong-buy” rating in a research note on Thursday, January 25th. TheStreet raised shares of CBRE Group from a “c+” rating to a “b-” rating in a report on Thursday, January 25th. Finally, Evercore ISI increased their price objective on shares of CBRE Group from $103.00 to $104.00 and gave the company an “in-line” rating in a report on Tuesday, April 2nd.

CBRE Group Price Performance

Shares of NYSE CBRE opened at $87.33 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a market capitalization of $26.81 billion, a price-to-earnings ratio of 27.55 and a beta of 1.42. The firm’s 50 day simple moving average is $92.13 and its 200-day simple moving average is $85.39. CBRE Group has a 12 month low of $64.63 and a 12 month high of $98.65.

CBRE Group (NYSE:CBRE) last released its quarterly earnings results on Thursday, February 15th. The financial services provider reported $1.38 EPS for the quarter, beating the consensus estimate of $1.21 by $0.17. The company had revenue of $8.95 billion for the quarter, compared to analyst estimates of $8.44 billion. CBRE Group had a net margin of 3.09% and a return on equity of 13.69%. The firm’s revenue was up 9.2% on a year-over-year basis. During the same quarter last year, the business earned $1.33 earnings per share. Analysts expect that CBRE Group will post 4.45 EPS for the current year.

Insider Activity at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 2,667 shares of CBRE Group stock in a transaction on Monday, March 11th. The shares were sold at an average price of $93.53, for a total transaction of $249,444.51. Following the sale, the chief financial officer now owns 72,350 shares of the company’s stock, valued at approximately $6,766,895.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other CBRE Group news, CFO Emma E. Giamartino sold 2,667 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $93.53, for a total value of $249,444.51. Following the completion of the sale, the chief financial officer now owns 72,350 shares in the company, valued at approximately $6,766,895.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO John E. Durburg sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $92.20, for a total transaction of $2,305,000.00. Following the completion of the transaction, the chief executive officer now directly owns 207,856 shares in the company, valued at $19,164,323.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 39,592 shares of company stock valued at $3,675,752. 0.54% of the stock is owned by insiders.

Hedge Funds Weigh In On CBRE Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in shares of CBRE Group during the 4th quarter worth $381,164,000. Wellington Management Group LLP increased its position in CBRE Group by 164.1% during the fourth quarter. Wellington Management Group LLP now owns 4,505,177 shares of the financial services provider’s stock worth $419,387,000 after purchasing an additional 2,799,097 shares during the last quarter. Parnassus Investments LLC purchased a new position in CBRE Group during the fourth quarter worth about $104,277,000. Principal Financial Group Inc. boosted its holdings in CBRE Group by 15.1% in the 3rd quarter. Principal Financial Group Inc. now owns 6,820,818 shares of the financial services provider’s stock valued at $503,786,000 after purchasing an additional 894,521 shares during the last quarter. Finally, Harris Associates L P grew its stake in shares of CBRE Group by 4.5% in the 4th quarter. Harris Associates L P now owns 16,005,141 shares of the financial services provider’s stock valued at $1,489,919,000 after buying an additional 683,225 shares during the period. Institutional investors and hedge funds own 98.41% of the company’s stock.

About CBRE Group

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.