CBRE Group (NYSE:CBRE) Given New $166.00 Price Target at Raymond James Financial

CBRE Group (NYSE:CBRE - Get Free Report) had its price objective lifted by equities researchers at Raymond James Financial from $163.00 to $166.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has an "outperform" rating on the financial services provider's stock. Raymond James Financial's price target suggests a potential upside of 14.23% from the stock's previous close.

CBRE has been the topic of several other reports. Keefe, Bruyette & Woods boosted their price target on CBRE Group from $131.00 to $147.00 and gave the company a "market perform" rating in a research note on Thursday. 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 report on Thursday, April 10th. UBS Group boosted their price objective on CBRE Group from $130.00 to $146.00 and gave the company a "neutral" rating in a report on Wednesday, July 2nd. Morgan Stanley restated an "overweight" rating and set a $170.00 price objective (up previously from $160.00) on shares of CBRE Group in a report on Thursday, June 12th. Finally, Wall Street Zen downgraded CBRE Group from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $156.11.

CBRE Group Trading Up 0.5%

Shares of CBRE stock traded up $0.69 during mid-day trading on Thursday, reaching $145.32. 769,133 shares of the stock traded hands, compared to its average volume of 1,811,511. The stock's fifty day simple moving average is $133.86 and its two-hundred day simple moving average is $132.04. CBRE Group has a 1-year low of $103.05 and a 1-year high of $147.75. The company has a market cap of $43.32 billion, a price-to-earnings ratio of 44.44 and a beta of 1.30. The company has a quick ratio of 1.00, a current 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 data on Thursday, April 24th. The financial services provider reported $0.86 EPS for the quarter, topping analysts' consensus estimates of $0.81 by $0.05. The company had revenue of $8.91 billion for the quarter, compared to analyst estimates of $8.73 billion. CBRE Group had a return on equity of 17.37% and a net margin of 2.74%. The firm's quarterly revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.78 earnings per share. On average, research analysts anticipate that CBRE Group will post 5.99 EPS for the current fiscal year.

Insider Activity

In related news, CAO Lindsey S. Caplan sold 1,935 shares of the stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $140.00, for a total transaction of $270,900.00. Following the sale, the chief accounting officer owned 20,131 shares of the company's stock, valued at approximately $2,818,340. This represents a 8.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Emma E. Giamartino sold 1,972 shares of the stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $129.10, for a total value of $254,585.20. Following the sale, the chief financial officer directly owned 105,371 shares in the company, 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 have sold 6,031 shares of company stock valued at $814,080 in the last 90 days. Insiders own 0.42% of the company's stock.

Hedge Funds Weigh In On CBRE Group

Several institutional investors have recently modified their holdings of CBRE. WPG Advisers LLC bought a new position in CBRE Group during the 1st quarter worth approximately $26,000. Investment Management Corp VA ADV bought a new position in CBRE Group during the 4th quarter worth approximately $28,000. Hughes Financial Services LLC bought a new position in CBRE Group during the 1st quarter worth approximately $28,000. Golden State Wealth Management LLC lifted its holdings in CBRE Group by 687.1% in the 1st quarter. Golden State Wealth Management LLC now owns 244 shares of the financial services provider's stock worth $32,000 after buying an additional 213 shares during the period. Finally, Colonial Trust Co SC lifted its holdings in CBRE Group by 183.7% in the 4th quarter. Colonial Trust Co SC now owns 278 shares of the financial services provider's stock worth $36,000 after buying an additional 180 shares during the period. 98.41% of the stock is currently owned by institutional investors.

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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