CBRE Group (NYSE:CBRE) Downgraded to "Hold" Rating by Wall Street Zen

CBRE Group (NYSE:CBRE - Get Free Report) was downgraded by analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Saturday.

A number of other analysts have also recently issued reports on the company. JPMorgan Chase & Co. decreased their target price 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. Keefe, Bruyette & Woods upped their target price on CBRE Group from $129.00 to $131.00 and gave the company a "market perform" rating in a research report on Wednesday, April 30th. Morgan Stanley upped their target price on CBRE Group from $160.00 to $170.00 and gave the company an "overweight" rating in a research report on Thursday. Finally, UBS Group decreased their target price 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. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $150.33.

CBRE Group Trading Down 2.0%

CBRE opened at $132.87 on Friday. CBRE Group has a 12 month low of $85.74 and a 12 month high of $147.75. The stock has a market capitalization of $39.61 billion, a price-to-earnings ratio of 42.32 and a beta of 1.29. 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 business has a fifty day moving average price of $124.20 and a 200 day moving average price of $131.14.

CBRE Group (NYSE:CBRE - Get Free Report) last released its earnings results on Thursday, April 24th. The financial services provider reported $0.86 EPS for the quarter, topping the consensus estimate 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%. CBRE Group's revenue for the quarter was up 12.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.78 EPS. Sell-side analysts expect that CBRE Group will post 5.99 earnings per share for the current fiscal year.

Insider Buying and Selling

In other CBRE Group news, insider Chad J. Doellinger sold 494 shares of the stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $126.05, for a total transaction of $62,268.70. Following the transaction, the insider now 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 sale was disclosed in a document filed with the SEC, which is available through this link. Also, 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 in the company, valued at approximately $13,491,941.67. This represents a 1.83% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,599 shares of company stock worth $584,980 in the last quarter. Company insiders own 0.42% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Raymond James Financial Inc. purchased a new position in shares of CBRE Group during the 4th quarter worth $36,643,000. LPL Financial LLC raised its position in shares of CBRE Group by 69.1% in the 4th quarter. LPL Financial LLC now owns 69,863 shares of the financial services provider's stock worth $9,172,000 after buying an additional 28,547 shares during the period. Allworth Financial LP raised its position in shares of CBRE Group by 47.2% in the 4th quarter. Allworth Financial LP now owns 636 shares of the financial services provider's stock worth $89,000 after buying an additional 204 shares during the period. Brown Brothers Harriman & Co. raised its position in shares of CBRE Group by 11.9% in the 4th quarter. Brown Brothers Harriman & Co. now owns 487,133 shares of the financial services provider's stock worth $63,956,000 after buying an additional 51,964 shares during the period. Finally, Commonwealth Equity Services LLC raised its position in shares of CBRE Group by 7.8% in the 4th quarter. Commonwealth Equity Services LLC now owns 11,309 shares of the financial services provider's stock worth $1,485,000 after buying an additional 818 shares during the period. 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.

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