CBRE Group, Inc. (NYSE:CBRE) Receives Consensus Recommendation of "Moderate Buy" from 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 stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $149.22.

A number of brokerages recently weighed in on CBRE. Raymond James lowered CBRE Group from a "strong-buy" rating to an "outperform" rating and dropped their price objective for the stock from $155.00 to $152.00 in a report on Friday, January 24th. Evercore ISI lowered their price target on shares of CBRE Group from $147.00 to $141.00 and set an "outperform" rating on the stock in a research note on Monday, January 13th. UBS Group reduced their price objective on shares of CBRE Group from $146.00 to $130.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Jefferies Financial Group upgraded shares of CBRE Group from a "hold" rating to a "buy" rating and upped their target price for the stock from $133.00 to $152.00 in a research report on Thursday, January 2nd. Finally, StockNews.com downgraded shares of CBRE Group from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th.

Insider Activity at CBRE Group

In related news, CFO Emma E. Giamartino sold 2,000 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $125.69, for a total value of $251,380.00. Following the transaction, the chief financial officer now directly owns 107,343 shares of the company's stock, valued at approximately $13,491,941.67. This trade represents a 1.83 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Chad J. Doellinger sold 797 shares of the business's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $126.31, for a total value of $100,669.07. Following the sale, the insider now directly owns 28,735 shares of the company's stock, valued at approximately $3,629,517.85. This trade represents a 2.70 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.42% of the company's stock.

Hedge Funds Weigh In On CBRE Group

A number of large investors have recently modified their holdings of CBRE. Principal Financial Group Inc. lifted its position in CBRE Group by 3.9% during the third quarter. Principal Financial Group Inc. now owns 7,424,671 shares of the financial services provider's stock valued at $924,223,000 after buying an additional 277,922 shares in the last quarter. World Investment Advisors LLC acquired a new position in shares of CBRE Group during the 3rd quarter valued at $285,000. Wilmington Savings Fund Society FSB acquired a new position in shares of CBRE Group during the 3rd quarter valued at $2,330,000. Tidal Investments LLC boosted its position in CBRE Group by 97.4% during the 3rd quarter. Tidal Investments LLC now owns 10,290 shares of the financial services provider's stock worth $1,281,000 after purchasing an additional 5,077 shares during the period. Finally, Synovus Financial Corp increased its holdings in CBRE Group by 2.9% in the 3rd quarter. Synovus Financial Corp now owns 11,544 shares of the financial services provider's stock valued at $1,437,000 after purchasing an additional 330 shares in the last quarter. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

CBRE Group Price Performance

Shares of NYSE CBRE opened at $122.14 on Thursday. The stock has a market cap of $36.41 billion, a P/E ratio of 38.90 and a beta of 1.26. CBRE Group has a twelve month low of $84.24 and a twelve month high of $147.75. The stock has a 50 day moving average of $126.53 and a two-hundred day moving average of $131.95. The company has a current ratio of 1.07, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35.

CBRE Group (NYSE:CBRE - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.05. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. The company had revenue of $8.91 billion for the quarter, compared to the consensus estimate of $8.73 billion. During the same period last year, the firm posted $0.78 EPS. CBRE Group's revenue for the quarter was up 12.3% on a year-over-year basis. On average, research analysts forecast that CBRE Group will post 5.99 earnings per share for the current year.

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.

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