CBRE Group (NYSE:CBRE) Given New $168.00 Price Target at Keefe, Bruyette & Woods

Key Points

• CBRE Group had its price target increased to $168.00 by Keefe, Bruyette & Woods, suggesting a 10.16% potential upside from its previous close of $152.50.
• JPMorgan Chase raised its price target for CBRE Group from $143.00 to $185.00, maintaining an "overweight" rating.
• The company recently reported earnings of $1.19 per share, exceeding estimates, with revenues of $9.75 billion for the quarter.

CBRE Group (NYSE:CBRE - Get Free Report) had its target price increased by equities research analysts at Keefe, Bruyette & Woods from $167.00 to $168.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a "market perform" rating on the financial services provider's stock. Keefe, Bruyette & Woods' price target suggests a potential upside of 10.16% from the stock's previous close.

A number of other research firms also recently commented on CBRE. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of CBRE Group in a report on Wednesday. JPMorgan Chase & Co. lifted their price target on shares of CBRE Group from $143.00 to $185.00 and gave the company an "overweight" rating in a report on Tuesday, August 26th. UBS Group lifted their target price on CBRE Group from $130.00 to $146.00 and gave the company a "neutral" rating in a research note on Wednesday, July 2nd. Wall Street Zen upgraded CBRE Group from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Finally, Morgan Stanley boosted their price objective on CBRE Group from $170.00 to $180.00 and gave the company an "overweight" rating in a research report on Tuesday. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $168.67.

CBRE Group Trading Up 0.5%

Shares of CBRE Group stock traded up $0.80 during trading hours on Thursday, hitting $152.50. The company's stock had a trading volume of 466,672 shares, compared to its average volume of 1,753,176. CBRE Group has a 1-year low of $108.45 and a 1-year high of $167.56. The business has a fifty day moving average of $159.56 and a 200 day moving average of $140.46. The company has a market capitalization of $45.38 billion, a PE ratio of 42.74 and a beta of 1.36. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.51.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its earnings results on Tuesday, July 29th. The financial services provider reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.14. The company had revenue of $9.75 billion during the quarter, compared to the consensus estimate of $9.50 billion. CBRE Group had a return on equity of 18.89% and a net margin of 2.86%. CBRE Group has set its FY 2025 guidance at 6.100-6.200 EPS. As a group, equities analysts forecast that CBRE Group will post 5.99 EPS for the current year.

Insider Activity

In other news, CFO Emma E. Giamartino sold 2,000 shares of the stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $157.60, for a total transaction of $315,200.00. Following the completion of the sale, the chief financial officer owned 103,371 shares in the company, valued at approximately $16,291,269.60. This represents a 1.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Lindsey S. Caplan sold 1,494 shares of the stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $155.37, for a total value of $232,122.78. Following the sale, the chief accounting officer owned 26,717 shares of the company's stock, valued at $4,151,020.29. This trade represents a 5.30% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,494 shares of company stock worth $857,593. Insiders own 0.42% of the company's stock.

Institutional Trading of CBRE Group

A number of hedge funds have recently modified their holdings of the business. State Street Corp lifted its holdings in shares of CBRE Group by 1.8% in the second quarter. State Street Corp now owns 13,734,182 shares of the financial services provider's stock valued at $1,924,434,000 after purchasing an additional 236,323 shares in the last quarter. Geode Capital Management LLC lifted its stake in CBRE Group by 1.7% in the 2nd quarter. Geode Capital Management LLC now owns 8,249,441 shares of the financial services provider's stock worth $1,158,068,000 after acquiring an additional 134,160 shares in the last quarter. Principal Financial Group Inc. lifted its stake in CBRE Group by 4.8% in the 1st quarter. Principal Financial Group Inc. now owns 7,970,004 shares of the financial services provider's stock worth $1,042,317,000 after acquiring an additional 368,214 shares in the last quarter. Invesco Ltd. lifted its position in shares of CBRE Group by 6.6% in the first quarter. Invesco Ltd. now owns 6,407,231 shares of the financial services provider's stock worth $837,938,000 after purchasing an additional 397,818 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of CBRE Group by 0.7% in the second quarter. Massachusetts Financial Services Co. MA now owns 3,939,862 shares of the financial services provider's stock worth $552,053,000 after purchasing an additional 26,563 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.

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