CBRE Group (NYSE:CBRE) Upgraded at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of CBRE Group (NYSE:CBRE) from a neutral rating to an overweight rating in a research note issued to investors on Monday morning, MarketBeat reports. JPMorgan Chase & Co. currently has $163.00 price target on the financial services provider’s stock, up from their previous price target of $120.00.

A number of other equities research analysts also recently issued reports on the stock. Evercore ISI lifted their price target on shares of CBRE Group from $123.00 to $132.00 and gave the company an “outperform” rating in a research report on Friday, October 4th. Keefe, Bruyette & Woods boosted their target price on CBRE Group from $125.00 to $138.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 29th. Citigroup raised their price target on CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Finally, The Goldman Sachs Group assumed coverage on shares of CBRE Group in a research report on Friday, December 6th. They issued a “buy” rating and a $176.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $133.33.

CBRE Group Trading Down 5.1 %

NYSE CBRE opened at $128.92 on Monday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $39.45 billion, a P/E ratio of 41.45 and a beta of 1.39. CBRE Group has a 52-week low of $82.75 and a 52-week high of $142.00. The firm has a 50-day moving average price of $132.52 and a 200 day moving average price of $114.81.

CBRE Group (NYSE:CBRE) last issued its earnings results 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 business had revenue of $9.04 billion during the quarter, compared to the consensus estimate of $8.80 billion. During the same period in the prior year, the business posted $0.72 EPS. The company’s revenue for the quarter was up 14.8% on a year-over-year basis. Equities research analysts expect that CBRE Group will post 4.99 EPS for the current year.

Insider Buying and Selling at CBRE Group

In other 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 completion of the sale, the chief financial officer now owns 70,154 shares of the company’s stock, valued at $9,214,026.36. The trade was a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.54% of the stock is owned by insiders.

Institutional Trading of CBRE Group

A number of institutional investors and hedge funds have recently made changes to their positions in CBRE. Synovus Financial Corp grew its stake in shares of CBRE Group by 2.9% in the third quarter. Synovus Financial Corp now owns 11,544 shares of the financial services provider’s stock valued at $1,437,000 after buying an additional 330 shares in the last quarter. Tidal Investments LLC boosted its holdings in CBRE Group by 97.4% in the third quarter. Tidal Investments LLC now owns 10,290 shares of the financial services provider’s stock valued at $1,281,000 after purchasing an additional 5,077 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in CBRE Group during the 3rd quarter valued at approximately $2,330,000. World Investment Advisors LLC purchased a new stake in CBRE Group during the 3rd quarter worth approximately $285,000. Finally, TCW Group Inc. boosted its stake in shares of CBRE Group by 111.7% during the 3rd quarter. TCW Group Inc. now owns 85,188 shares of the financial services provider’s stock valued at $10,604,000 after buying an additional 44,957 shares during the last quarter. 98.41% of the stock is currently owned by institutional investors and hedge funds.

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.