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

Shares of CBRE Group, Inc. (NYSE:CBRE - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the ten analysts that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $150.33.

Several equities analysts recently weighed in on the stock. Wall Street Zen cut shares of CBRE Group from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. UBS Group cut their price objective on CBRE Group from $146.00 to $130.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Keefe, Bruyette & Woods lifted their target price on CBRE Group from $129.00 to $131.00 and gave the stock a "market perform" rating in a report on Wednesday, April 30th. Morgan Stanley reissued an "overweight" rating and set a $170.00 price target (up from $160.00) on shares of CBRE Group in a research note on Thursday, June 12th. Finally, JPMorgan Chase & Co. cut their price target on CBRE Group from $163.00 to $141.00 and set an "overweight" rating for the company in a report on Thursday, April 10th.

Insider Activity

In related news, insider Chad J. Doellinger sold 494 shares of the stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $126.05, for a total value of $62,268.70. Following the sale, the insider now directly owns 27,945 shares of the company's stock, valued at $3,522,467.25. This represents a 1.74% decrease in their position. The transaction 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 business's stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $129.10, for a total value of $254,585.20. Following the transaction, the chief financial officer now owns 105,371 shares of the company's stock, valued at $13,603,396.10. This trade represents a 1.84% decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,599 shares of company stock valued at $333,600 in the last ninety days. Insiders own 0.42% of the company's stock.

Institutional Trading of CBRE Group

Large investors have recently made changes to their positions in the stock. Norges Bank purchased a new position in CBRE Group during the 4th quarter worth $514,609,000. Artisan Partners Limited Partnership raised its holdings in shares of CBRE Group by 290.0% in the fourth 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 in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in CBRE Group by 217.4% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,913,299 shares of the financial services provider's stock worth $511,781,000 after acquiring an additional 2,680,337 shares during the period. Nuveen LLC bought a new stake in shares of CBRE Group in the 1st quarter valued at about $214,283,000. Finally, Alphinity Investment Management Pty Ltd bought a new stake in shares of CBRE Group in the 4th quarter valued at about $190,695,000. 98.41% of the stock is owned by hedge funds and other institutional investors.

CBRE Group Stock Performance

NYSE:CBRE opened at $133.35 on Friday. The stock has a 50-day moving average price of $125.40 and a 200 day moving average price of $130.96. The stock has a market capitalization of $39.75 billion, a P/E ratio of 40.78 and a beta of 1.29. CBRE Group has a 12-month low of $85.74 and a 12-month high of $147.75. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.05. The business had revenue of $8.91 billion during the quarter, compared to the consensus estimate of $8.73 billion. CBRE Group had a return on equity of 17.37% and a net margin of 2.74%. The firm's revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.78 EPS. Equities research analysts forecast that CBRE Group will post 5.99 EPS for the current fiscal year.

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.

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