CBRE Group (NYSE:CBRE) Price Target Raised to $170.00

CBRE Group (NYSE:CBRE - Get Free Report) had its price objective boosted by equities research analysts at Morgan Stanley from $160.00 to $170.00 in a research report issued on Thursday,Benzinga reports. The firm currently has an "overweight" rating on the financial services provider's stock. Morgan Stanley's price target indicates a potential upside of 27.19% from the stock's previous close.

CBRE has been the topic of a number of other research reports. Wall Street Zen raised CBRE Group from a "hold" rating to a "buy" rating in a report on Friday, June 6th. UBS Group cut their price target on shares of CBRE Group from $146.00 to $130.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Keefe, Bruyette & Woods boosted their price objective on shares of CBRE Group from $129.00 to $131.00 and gave the stock a "market perform" rating in a report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. reduced their price target on shares of CBRE Group from $163.00 to $141.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $150.33.

CBRE Group Stock Down 1.4%

CBRE stock traded down $1.87 during trading on Thursday, hitting $133.66. 80,270 shares of the company's stock were exchanged, compared to its average volume of 1,821,647. The business has a 50-day moving average price of $123.81 and a two-hundred day moving average price of $131.19. The company has a current ratio of 1.07, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $39.84 billion, a price-to-earnings ratio of 42.50 and a beta of 1.29. CBRE Group has a 52-week low of $85.74 and a 52-week high of $147.75.

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

Insider Buying and Selling

In other news, insider Chad J. Doellinger sold 494 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $126.05, for a total value of $62,268.70. Following the completion of the sale, the insider now directly owns 27,945 shares in the company, valued at approximately $3,522,467.25. The trade was a 1.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Emma E. Giamartino sold 1,972 shares of the business's stock in a transaction on Monday, May 19th. The shares were sold at an average price of $129.10, for a total transaction of $254,585.20. Following the sale, the chief financial officer now owns 105,371 shares of the company's stock, valued at approximately $13,603,396.10. The trade was a 1.84% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,599 shares of company stock worth $584,980. Insiders own 0.42% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CBRE. SBI Securities Co. Ltd. bought a new position in CBRE Group during the 4th quarter valued at $25,000. WPG Advisers LLC bought a new position in CBRE Group during the first quarter valued at about $26,000. Investment Management Corp VA ADV bought a new stake in CBRE Group in the fourth quarter worth about $28,000. Hughes Financial Services LLC bought a new position in shares of CBRE Group during the 1st quarter valued at about $28,000. Finally, Denver PWM LLC acquired a new position in shares of CBRE Group in the 4th quarter worth approximately $29,000. 98.41% of the stock is owned by institutional investors and hedge funds.

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.