CBRE Group, Inc. (NYSE:CBRE) Stock Rated "Moderate Buy" by Wall Street Brokerages

Key Points

• CBRE Group has a “Moderate Buy” consensus rating: Nine of ten analysts recommend buying the stock, with one hold rating and an average 12-month price target of $185.44.
• Quarterly earnings exceeded expectations: CBRE reported adjusted EPS of $2.05 versus the $1.96 consensus estimate, while revenue rose 12.7% year over year to $11.52 billion, though it fell short of the $11.81 billion forecast.
• Institutional investors hold 98.41% of the stock: Several funds increased their CBRE positions during the third quarter, while company insiders sold shares under pre-arranged Rule 10b5-1 trading plans.

CBRE Group, Inc. (NYSE:CBRE - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the ten ratings firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $185.44.

Several research analysts have recently issued reports on CBRE shares. Weiss Ratings restated a "hold (c+)" rating on shares of CBRE Group in a report on Friday, August 21st. Jefferies Financial Group cut their price target on CBRE Group from $180.00 to $164.00 in a research note on Monday, October 12th. The Goldman Sachs Group lifted their target price on CBRE Group from $188.00 to $190.00 and gave the stock a "buy" rating in a research report on Wednesday, August 19th. Keefe, Bruyette & Woods dropped their target price on shares of CBRE Group from $174.00 to $164.00 and set an "outperform" rating on the stock in a research report on Friday, October 9th. Finally, Barclays lifted their target price on CBRE Group from $180.00 to $183.00 and gave the stock an "overweight" rating in a report on Monday, August 17th.

CBRE Group Stock Down 0.1%

Shares of CBRE stock opened at $128.77 on Monday. CBRE Group has a 1 year low of $121.44 and a 1 year high of $174.27. The business's fifty day moving average is $136.39 and its 200-day moving average is $141.94. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a market cap of $37.11 billion, a PE ratio of 27.57 and a beta of 1.24.

CBRE Group (NYSE:CBRE - Get Free Report) last issued its quarterly earnings results on Thursday, October 22nd. The financial services provider reported $2.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.09. CBRE Group had a net margin of 3.08% and a return on equity of 26.31%. The business had revenue of $11.52 billion for the quarter, compared to the consensus estimate of $11.81 billion. During the same quarter in the prior year, the company earned $1.61 EPS. The firm's quarterly revenue was up 12.7% on a year-over-year basis. Equities analysts expect that CBRE Group will post 7.76 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Emma E. Giamartino sold 2,250 shares of the business's stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $148.29, for a total value of $333,652.50. Following the completion of the transaction, the chief financial officer owned 108,479 shares of the company's stock, valued at $16,086,350.91. The trade was a 2.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Chad Doellinger sold 228 shares of the firm's stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $148.29, for a total value of $33,810.12. Following the completion of the sale, the insider directly owned 41,778 shares of the company's stock, valued at $6,195,259.62. This trade represents a 0.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.46% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CBRE. Chicago Partners Investment Group LLC boosted its holdings in shares of CBRE Group by 121.5% during the third quarter. Chicago Partners Investment Group LLC now owns 13,617 shares of the financial services provider's stock worth $1,679,000 after purchasing an additional 7,470 shares during the last quarter. 3Chopt Investment Partners LLC increased its stake in CBRE Group by 5.0% in the 3rd quarter. 3Chopt Investment Partners LLC now owns 9,268 shares of the financial services provider's stock valued at $1,191,000 after buying an additional 442 shares during the last quarter. Pzena Investment Management LLC lifted its holdings in shares of CBRE Group by 1.7% during the 3rd quarter. Pzena Investment Management LLC now owns 311,119 shares of the financial services provider's stock worth $39,969,000 after acquiring an additional 5,338 shares during the period. Rakuten Investment Management Inc. grew its stake in CBRE Group by 7.6% in the third quarter. Rakuten Investment Management Inc. now owns 51,660 shares of the financial services provider's stock valued at $6,759,000 after acquiring an additional 3,632 shares during the period. Finally, AIA Group Ltd grew its holdings in CBRE Group by 25.3% during the 3rd quarter. AIA Group Ltd now owns 10,777 shares of the financial services provider's stock valued at $1,385,000 after buying an additional 2,175 shares in the last quarter. Institutional investors own 98.41% of the company's stock.

CBRE Group Company Profile

CBRE Group, Inc NYSE: CBRE is a global commercial real estate services and investment firm. The company provides advisory, transaction, property management, facilities management, project management, valuation, and consulting services to corporate, institutional, and other real estate clients.

Its businesses support the acquisition, development, leasing, operation, and disposition of commercial properties across sectors such as office, industrial and logistics, retail, multifamily, hospitality, and data centers.

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