UBS Group Issues Positive Forecast for CBRE Group (NYSE:CBRE) Stock Price

CBRE Group (NYSE:CBRE - Get Free Report) had its price target increased by stock analysts at UBS Group from $130.00 to $146.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a "neutral" rating on the financial services provider's stock. UBS Group's price objective would suggest a potential upside of 2.49% from the company's previous close.

Other equities research analysts have also recently issued research reports about the stock. Morgan Stanley restated an "overweight" rating and set a $170.00 target price (up previously from $160.00) on shares of CBRE Group in a research note on Thursday, June 12th. Wall Street Zen cut shares of CBRE Group from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. Keefe, Bruyette & Woods lifted their target price on shares of CBRE Group from $129.00 to $131.00 and gave the company a "market perform" rating in a research note on Wednesday, April 30th. Finally, JPMorgan Chase & Co. dropped their target price on shares of CBRE Group from $163.00 to $141.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $152.11.

CBRE Group Stock Performance

CBRE traded down $0.06 during trading on Wednesday, hitting $142.45. The company's stock had a trading volume of 721,444 shares, compared to its average volume of 1,808,237. The business's 50 day simple moving average is $129.17 and its 200-day simple moving average is $131.04. The firm has a market cap of $42.47 billion, a PE ratio of 43.56 and a beta of 1.30. CBRE Group has a one year low of $86.19 and a one year high of $147.75. 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 announced its earnings results 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. CBRE Group had a return on equity of 17.37% and a net margin of 2.74%. The company had revenue of $8.91 billion for the quarter, compared to analysts' expectations of $8.73 billion. During the same period last year, the firm earned $0.78 EPS. CBRE Group's revenue for the quarter was up 12.3% compared to the same quarter last year. As a group, sell-side analysts predict that CBRE Group will post 5.99 EPS for the current fiscal year.

Insider Buying and Selling at CBRE Group

In other news, insider Chad J. Doellinger sold 494 shares of CBRE Group stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $126.05, for a total value of $62,268.70. Following the sale, the insider directly owned 27,945 shares of the company's stock, valued at approximately $3,522,467.25. The trade was a 1.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Emma E. Giamartino sold 1,972 shares of the firm's stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $129.10, for a total value of $254,585.20. Following the transaction, the chief financial officer owned 105,371 shares of the company's stock, valued at $13,603,396.10. This represents a 1.84% decrease in their position. The disclosure for this sale can be found here. Insiders 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.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CBRE. SBI Securities Co. Ltd. bought a new position in CBRE Group during the fourth quarter valued at $25,000. WPG Advisers LLC purchased a new stake in shares of CBRE Group during the 1st quarter valued at about $26,000. Investment Management Corp VA ADV bought a new position in shares of CBRE Group in the 4th quarter valued at about $28,000. Hughes Financial Services LLC purchased a new position in CBRE Group in the first quarter worth about $28,000. Finally, Golden State Wealth Management LLC grew its position in CBRE Group by 687.1% in the first quarter. Golden State Wealth Management LLC now owns 244 shares of the financial services provider's stock worth $32,000 after acquiring an additional 213 shares in the last quarter. 98.41% of the stock is owned by hedge funds and other institutional investors.

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.