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

Shares of CBRE Group, Inc. (NYSE:CBRE - Get Free Report) have been assigned an average rating of "Moderate Buy" from the ten brokerages that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $149.22.

A number of analysts recently issued reports on CBRE shares. Morgan Stanley decreased their target price on CBRE Group from $165.00 to $160.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Wall Street Zen cut CBRE Group from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. UBS Group decreased 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 increased their price objective on CBRE Group from $129.00 to $131.00 and gave the stock a "market perform" rating in a research report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. decreased their price objective on CBRE Group from $163.00 to $141.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th.

CBRE Group Stock Down 0.2%

Shares of CBRE traded down $0.21 during mid-day trading on Monday, reaching $123.70. The company's stock had a trading volume of 1,181,988 shares, compared to its average volume of 1,828,298. CBRE Group has a 12-month low of $84.24 and a 12-month high of $147.75. The stock has a market cap of $36.88 billion, a PE ratio of 39.39 and a beta of 1.30. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 1.13. The company's 50 day moving average is $123.97 and its 200 day moving average is $131.64.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its earnings results on Thursday, April 24th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.81 by $0.05. The firm had revenue of $8.91 billion during the quarter, compared to analysts' expectations of $8.73 billion. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. The business's revenue was up 12.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.78 EPS. Equities analysts anticipate that CBRE Group will post 5.99 EPS for the current fiscal year.

Insider Activity at CBRE Group

In related news, CFO Emma E. Giamartino sold 1,972 shares of the firm's stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $129.10, for a total value of $254,585.20. Following the completion of the transaction, the chief financial officer now directly 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Chad J. Doellinger sold 797 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $126.31, for a total value of $100,669.07. Following the completion of the transaction, the insider now directly owns 28,735 shares of the company's stock, valued at $3,629,517.85. The trade was a 2.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,396 shares of company stock valued at $685,649 in the last ninety days. Corporate insiders own 0.42% of the company's stock.

Hedge Funds Weigh In On CBRE Group

Hedge funds have recently bought and sold shares of the stock. Merit Financial Group LLC purchased a new position in CBRE Group during the fourth quarter worth $256,000. Manning & Napier Advisors LLC purchased a new position in CBRE Group during the fourth quarter worth $175,978,000. Robeco Institutional Asset Management B.V. increased its position in CBRE Group by 12.8% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 2,983,867 shares of the financial services provider's stock worth $391,752,000 after buying an additional 338,298 shares in the last quarter. Raymond James Financial Inc. purchased a new position in CBRE Group during the fourth quarter worth $36,643,000. Finally, Pacer Advisors Inc. increased its position in CBRE Group by 12.5% during the fourth quarter. Pacer Advisors Inc. now owns 25,128 shares of the financial services provider's stock worth $3,299,000 after buying an additional 2,798 shares in the last quarter. Hedge funds and other institutional investors own 98.41% of the company's stock.

CBRE Group Company Profile

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.