CBRE Group, Inc. (NYSE:CBRE) Receives Consensus Rating of "Moderate Buy" from Analysts

CBRE Group, Inc. (NYSE:CBRE - Get Free Report) has earned a consensus rating of "Moderate Buy" from the ten ratings firms that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $152.78.

CBRE has been the subject of several analyst reports. Morgan Stanley reiterated an "overweight" rating and set a $170.00 price target (up previously from $160.00) on shares of CBRE Group in a report on Thursday, June 12th. Wall Street Zen downgraded shares of CBRE Group from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. UBS Group upped their price target on shares of CBRE Group from $130.00 to $146.00 and gave the company a "neutral" rating in a research report on Wednesday, July 2nd. Evercore ISI upped their price target on shares of CBRE Group from $143.00 to $147.00 and gave the company an "outperform" rating in a research report on Tuesday, July 8th. Finally, Keefe, Bruyette & Woods upped their price target on shares of CBRE Group from $129.00 to $131.00 and gave the company a "market perform" rating in a research report on Wednesday, April 30th.

CBRE Group Trading Up 0.7%

CBRE stock traded up $0.91 during trading on Tuesday, reaching $139.68. 392,713 shares of the stock were exchanged, compared to its average volume of 1,827,674. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37. The business has a 50 day moving average price of $132.87 and a 200-day moving average price of $131.73. CBRE Group has a 1 year low of $96.38 and a 1 year high of $147.75. The firm has a market capitalization of $41.64 billion, a price-to-earnings ratio of 42.72 and a beta of 1.30.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.86 earnings per share for the quarter, beating analysts' consensus estimates of $0.81 by $0.05. CBRE Group had a net margin of 2.74% and a return on equity of 17.37%. The business had revenue of $8.91 billion during the quarter, compared to analysts' expectations of $8.73 billion. During the same period last year, the business earned $0.78 earnings per share. The business's revenue for the quarter was up 12.3% on a year-over-year basis. On average, research analysts predict that CBRE Group will post 5.99 earnings per share for the current year.

Insiders Place Their Bets

In other news, CAO Lindsey S. Caplan sold 1,935 shares of the stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $140.00, for a total value of $270,900.00. Following the completion of the transaction, the chief accounting officer owned 20,131 shares in the company, valued at $2,818,340. This trade represents a 8.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Emma E. Giamartino sold 1,972 shares of the stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $129.10, for a total transaction of $254,585.20. Following the completion of the transaction, the chief financial officer owned 105,371 shares of the company's stock, valued at $13,603,396.10. This represents a 1.84% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,031 shares of company stock worth $814,080. 0.42% of the stock is owned by insiders.

Hedge Funds Weigh In On CBRE Group

A number of large investors have recently made changes to their positions in the stock. Principal Financial Group Inc. increased its holdings in shares of CBRE Group by 4.8% in the 1st quarter. Principal Financial Group Inc. now owns 7,970,004 shares of the financial services provider's stock valued at $1,042,317,000 after purchasing an additional 368,214 shares in the last quarter. Geode Capital Management LLC grew its stake in CBRE Group by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 7,904,316 shares of the financial services provider's stock valued at $1,035,229,000 after acquiring an additional 245,821 shares during the last quarter. Invesco Ltd. grew its stake in CBRE Group by 6.6% in the 1st quarter. Invesco Ltd. now owns 6,407,231 shares of the financial services provider's stock valued at $837,938,000 after acquiring an additional 397,818 shares during the last quarter. Franklin Resources Inc. grew its stake in CBRE Group by 17.3% in the 4th quarter. Franklin Resources Inc. now owns 4,100,770 shares of the financial services provider's stock valued at $538,390,000 after acquiring an additional 605,403 shares during the last quarter. Finally, Artisan Partners Limited Partnership grew its stake in CBRE Group by 290.0% in the 4th quarter. Artisan Partners Limited Partnership now owns 4,050,089 shares of the financial services provider's stock valued at $531,736,000 after acquiring an additional 3,011,566 shares during the last quarter. Hedge funds and other institutional investors 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.