CBRE Group, Inc. (NYSE:CBRE) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• Analysts rate CBRE Group a “Moderate Buy”: Seven of eight analysts recommend buying the stock, while one rates it a hold. The average 12-month price target is $180.33 versus a recent price of $140.73.
• Quarterly results exceeded expectations: CBRE reported adjusted earnings of $1.56 per share, beating estimates of $1.47, while revenue rose 15.1% year over year to $11.23 billion.
• Institutional ownership remains very high: Institutional investors own 98.41% of the company, while insiders have sold 5,144 shares worth approximately $767,000 over the past 90 days under pre-arranged trading plans.

Shares of CBRE Group, Inc. (NYSE:CBRE - Get Free Report) have been given a consensus rating of "Moderate Buy" by the eight analysts that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $180.3333.

A number of analysts have weighed in on the stock. Wall Street Zen cut shares of CBRE Group from a "buy" rating to a "hold" rating in a report on Sunday, August 2nd. Evercore reaffirmed an "outperform" rating and issued a $175.00 price target on shares of CBRE Group in a report on Thursday, July 30th. Barclays boosted their price objective on shares of CBRE Group from $180.00 to $183.00 and gave the company an "overweight" rating in a research report on Monday, August 17th. Keefe, Bruyette & Woods increased their price objective on shares of CBRE Group from $158.00 to $174.00 and gave the stock an "outperform" rating in a research note on Thursday, July 30th. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of CBRE Group in a report on Friday, August 21st.

Insider Activity

In other news, insider Chad Doellinger sold 228 shares of the stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $148.29, for a total transaction of $33,810.12. Following the sale, the insider directly owned 41,778 shares in the company, valued at approximately $6,195,259.62. This represents a 0.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vikramaditya Kohli sold 2,666 shares of the firm's stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $150.00, for a total value of $399,900.00. Following the completion of the sale, the chief executive officer directly owned 134,869 shares in the company, valued at approximately $20,230,350. This trade represents a 1.94% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 5,144 shares of company stock valued at $767,363. 0.46% of the stock is currently owned by insiders.

Institutional Investors Weigh In On CBRE Group

A number of hedge funds have recently added to or reduced their stakes in the stock. California State Teachers Retirement System grew its position in shares of CBRE Group by 12,333.3% during the second quarter. California State Teachers Retirement System now owns 58,670,964 shares of the financial services provider's stock worth $7,902,392,000 after acquiring an additional 58,199,080 shares during the last quarter. State Street Corp lifted its position in CBRE Group by 0.8% in the 3rd quarter. State Street Corp now owns 13,839,768 shares of the financial services provider's stock valued at $2,180,594,000 after purchasing an additional 105,586 shares during the last quarter. Principal Financial Group Inc. lifted its position in CBRE Group by 3.2% in the 1st quarter. Principal Financial Group Inc. now owns 9,870,413 shares of the financial services provider's stock valued at $1,337,051,000 after purchasing an additional 302,426 shares during the last quarter. Geode Capital Management LLC boosted its stake in CBRE Group by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 8,475,131 shares of the financial services provider's stock valued at $1,369,409,000 after purchasing an additional 151,027 shares during the period. Finally, Harris Associates L P boosted its stake in CBRE Group by 0.6% during the 4th quarter. Harris Associates L P now owns 6,928,621 shares of the financial services provider's stock valued at $1,114,053,000 after purchasing an additional 38,646 shares during the period. 98.41% of the stock is currently owned by institutional investors.

CBRE Group Trading Up 2.0%

NYSE:CBRE opened at $140.73 on Friday. The company has a market cap of $40.75 billion, a PE ratio of 32.28 and a beta of 1.19. The business's 50 day moving average is $145.20 and its two-hundred day moving average is $140.28. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.66. CBRE Group has a 52 week low of $121.69 and a 52 week high of $174.27.

CBRE Group (NYSE:CBRE - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $1.56 earnings per share for the quarter, beating analysts' consensus estimates of $1.47 by $0.09. CBRE Group had a return on equity of 25.12% and a net margin of 2.98%.The business had revenue of $11.23 billion during the quarter, compared to the consensus estimate of $11.18 billion. During the same period in the previous year, the business earned $1.19 EPS. The business's quarterly revenue was up 15.1% on a year-over-year basis. CBRE Group has set its FY 2026 guidance at 7.800-7.900 EPS. On average, analysts predict that CBRE Group will post 7.79 EPS for the current year.

CBRE Group Company Profile

CBRE Group, Inc is a global commercial real estate services and investment company headquartered in Dallas, Texas. Through its businesses, CBRE provides services to occupiers, owners, investors and developers of office, industrial, retail, multifamily, hotel and other property types.

The company's principal activities include property leasing and sales, tenant and landlord representation, property management, facilities management, valuation and advisory services, capital markets, mortgage servicing, project management and real estate development.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.