Shares of CBRE Group, Inc. (NYSE:CBRE) have been given an average rating of "Hold" by the eight ratings firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $61.57.
CBRE has been the subject of several recent analyst reports. Zacks Investment Research raised shares of CBRE Group from a "hold" rating to a "buy" rating and set a $82.00 price objective for the company in a research report on Thursday, February 25th. Raymond James lifted their price objective on shares of CBRE Group from $59.00 to $70.00 and gave the stock an "outperform" rating in a research report on Friday, January 22nd. The Goldman Sachs Group initiated coverage on shares of CBRE Group in a research report on Monday, January 25th. They set a "buy" rating and a $74.00 price objective for the company. Finally, JPMorgan Chase & Co. lifted their price objective on shares of CBRE Group from $52.00 to $65.00 and gave the stock a "neutral" rating in a research report on Monday, December 21st.
In other news, CEO Robert E. Sulentic sold 30,000 shares of the company's stock in a transaction dated Monday, March 15th. The shares were sold at an average price of $79.33, for a total value of $2,379,900.00. Following the completion of the sale, the chief executive officer now directly owns 864,947 shares of the company's stock, valued at $68,616,245.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Chandra Dhandapani sold 7,773 shares of the company's stock in a transaction dated Tuesday, March 2nd. The shares were sold at an average price of $77.59, for a total transaction of $603,107.07. Following the completion of the sale, the insider now directly owns 84,584 shares of the company's stock, valued at $6,562,872.56. The disclosure for this sale can be found here. Over the last three months, insiders sold 38,068 shares of company stock valued at $3,005,639. 0.80% of the stock is owned by corporate insiders.
Several large investors have recently made changes to their positions in CBRE. Baillie Gifford & Co. raised its holdings in shares of CBRE Group by 92.2% in the fourth quarter. Baillie Gifford & Co. now owns 11,141,718 shares of the financial services provider's stock valued at $698,808,000 after buying an additional 5,345,602 shares during the last quarter. Norges Bank acquired a new position in shares of CBRE Group during the fourth quarter worth about $238,792,000. FMR LLC increased its stake in shares of CBRE Group by 10.6% during the fourth quarter. FMR LLC now owns 14,169,183 shares of the financial services provider's stock worth $888,691,000 after acquiring an additional 1,355,280 shares during the period. Cibc World Markets Corp increased its stake in shares of CBRE Group by 1,500.1% during the fourth quarter. Cibc World Markets Corp now owns 646,169 shares of the financial services provider's stock worth $40,528,000 after acquiring an additional 605,786 shares during the period. Finally, Amundi Pioneer Asset Management Inc. increased its stake in shares of CBRE Group by 72.7% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 1,366,972 shares of the financial services provider's stock worth $85,735,000 after acquiring an additional 575,564 shares during the period. 93.18% of the stock is owned by institutional investors and hedge funds.
NYSE:CBRE opened at $82.34 on Tuesday. The company has a fifty day simple moving average of $78.62 and a two-hundred day simple moving average of $65.04. The company has a market cap of $27.69 billion, a price-to-earnings ratio of 25.97, a price-to-earnings-growth ratio of 1.77 and a beta of 1.57. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.27. CBRE Group has a 52 week low of $33.03 and a 52 week high of $82.52.
CBRE Group (NYSE:CBRE) last posted its quarterly earnings results on Monday, February 22nd. The financial services provider reported $1.45 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.94 by $0.51. The business had revenue of $6.91 billion during the quarter, compared to the consensus estimate of $6.33 billion. CBRE Group had a net margin of 4.48% and a return on equity of 16.83%. The company's quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.32 earnings per share. On average, analysts expect that CBRE Group will post 2.77 EPS for the current year.
CBRE Group Company Profile
CBRE Group, Inc operates as a commercial real estate services and investment company worldwide. It operates through Advisory Services, Global Workplace Solutions, and Real Estate Investments segments. The Advisory Services segment provides strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing; property sales and mortgage services under the CBRE Capital Markets brand; property and project management services, including construction management, marketing, building engineering, accounting, and financial services 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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