CBRE Group, Inc. (NYSE:CBRE) Receives $116.83 Average Price Target from Analysts

Shares of CBRE Group, Inc. (NYSE:CBRE) have earned a consensus recommendation of “Moderate Buy” from the seven brokerages that are covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $116.83.

Several research firms have recently weighed in on CBRE. Keefe, Bruyette & Woods upped their price target on shares of CBRE Group from $125.00 to $138.00 and gave the company a “market perform” rating in a report on Tuesday, October 29th. Evercore ISI upped 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. Wolfe Research upgraded shares of CBRE Group to a “strong-buy” rating in a report on Friday, August 16th. Raymond James upped their price target on shares of CBRE Group from $122.00 to $124.00 and gave the company a “strong-buy” rating in a report on Thursday, July 25th. Finally, Morgan Stanley began coverage on shares of CBRE Group in a report on Thursday, July 25th. They issued an “equal weight” rating and a $105.00 price target for the company.

CBRE Group Stock Up 1.3 %

Shares of NYSE CBRE opened at $135.57 on Thursday. The stock has a market cap of $41.49 billion, a P/E ratio of 43.59 and a beta of 1.39. The firm has a 50 day moving average price of $124.16 and a 200 day moving average price of $106.22. 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 has a 52-week low of $75.10 and a 52-week high of $137.93.

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, beating analysts’ consensus estimates of $1.06 by $0.14. The firm had revenue of $9.04 billion during the quarter, compared to analysts’ expectations of $8.80 billion. CBRE Group had a net margin of 2.79% and a return on equity of 13.91%. The business’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.72 earnings per share. Analysts expect that CBRE Group will post 4.96 EPS for the current year.

Insider Transactions at CBRE Group

In other news, CEO Daniel G. Queenan sold 10,000 shares of the business’s stock in a transaction on 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 sale, the chief executive officer now owns 217,094 shares of the company’s stock, valued at $24,894,168.98. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other CBRE Group news, CEO Daniel G. Queenan sold 10,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $114.67, for a total transaction of $1,146,700.00. Following the sale, the chief executive officer now directly owns 217,094 shares of the company’s stock, valued at approximately $24,894,168.98. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Christopher T. Jenny sold 10,847 shares of the company’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $112.00, for a total transaction of $1,214,864.00. Following the sale, the director now directly owns 51,244 shares in the company, valued at $5,739,328. This trade represents a 0.00 % 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 insiders.

Institutional Trading of CBRE Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Healthcare of Ontario Pension Plan Trust Fund raised its position in CBRE Group by 41.1% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 40,917 shares of the financial services provider’s stock worth $5,093,000 after acquiring an additional 11,917 shares in the last quarter. Glenmede Trust Co. NA raised its position in CBRE Group by 4.4% during the third quarter. Glenmede Trust Co. NA now owns 134,442 shares of the financial services provider’s stock worth $16,735,000 after acquiring an additional 5,657 shares in the last quarter. Freedom Investment Management Inc. bought a new position in shares of CBRE Group in the third quarter valued at about $208,000. Townsquare Capital LLC raised its position in shares of CBRE Group by 70.9% in the third quarter. Townsquare Capital LLC now owns 5,595 shares of the financial services provider’s stock valued at $696,000 after purchasing an additional 2,322 shares during the period. Finally, BNP Paribas Financial Markets raised its position in shares of CBRE Group by 57.3% in the third quarter. BNP Paribas Financial Markets now owns 513,203 shares of the financial services provider’s stock valued at $63,884,000 after purchasing an additional 186,899 shares during the period. 98.41% of the stock is owned by institutional investors.

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.