CBRE Group, Inc. (NYSE:CBRE) Receives Average Rating of "Moderate Buy" from Brokerages

Shares of CBRE Group, Inc. (NYSE:CBRE - Get Free Report) have been assigned an average rating of "Moderate Buy" from the six analysts that are currently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $99.50.

CBRE has been the topic of several analyst reports. Raymond James lifted their price objective on CBRE Group from $95.00 to $103.00 and gave the stock a "strong-buy" rating in a report on Thursday, January 25th. Evercore ISI upped their price target on shares of CBRE Group from $103.00 to $104.00 and gave the company an "in-line" rating in a report on Tuesday, April 2nd. TheStreet raised shares of CBRE Group from a "c+" rating to a "b-" rating in a report on Thursday, January 25th. StockNews.com lowered shares of CBRE Group from a "buy" rating to a "hold" rating in a research note on Wednesday, May 1st. Finally, Keefe, Bruyette & Woods lifted their price target on CBRE Group from $96.00 to $100.00 and gave the stock a "market perform" rating in a research note on Friday, February 16th.

CBRE Group Stock Down 0.2 %

Shares of CBRE traded down $0.21 during midday trading on Thursday, reaching $92.05. 2,340,912 shares of the company were exchanged, compared to its average volume of 1,662,716. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.36. CBRE Group has a 1-year low of $64.63 and a 1-year high of $98.65. The company has a market cap of $28.24 billion, a price-to-earnings ratio of 28.95 and a beta of 1.44. The stock has a 50-day moving average price of $91.16 and a 200-day moving average price of $87.07.

CBRE Group (NYSE:CBRE - Get Free Report) last issued its quarterly earnings data on Friday, May 3rd. The financial services provider reported $0.78 EPS for the quarter, topping analysts' consensus estimates of $0.69 by $0.09. CBRE Group had a net margin of 3.06% and a return on equity of 12.96%. The firm had revenue of $7.94 billion for the quarter, compared to analyst estimates of $7.94 billion. During the same quarter in the previous year, the business posted $0.92 EPS. The firm's revenue was up 7.1% compared to the same quarter last year. Research analysts expect that CBRE Group will post 4.47 earnings per share for the current year.

Insider Transactions at CBRE Group

In related news, CEO Chandra Dhandapani sold 11,925 shares of the business's stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $94.03, for a total value of $1,121,307.75. Following the completion of the sale, the chief executive officer now directly owns 127,064 shares in the company, valued at approximately $11,947,827.92. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO John E. Durburg sold 25,000 shares of CBRE Group stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $92.20, for a total value of $2,305,000.00. Following the transaction, the chief executive officer now directly owns 207,856 shares in the company, valued at $19,164,323.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Chandra Dhandapani sold 11,925 shares of the firm's stock in a transaction on Friday, February 16th. The stock was sold at an average price of $94.03, for a total transaction of $1,121,307.75. Following the completion of the sale, the chief executive officer now owns 127,064 shares in the company, valued at approximately $11,947,827.92. The disclosure for this sale can be found here. Insiders have sold a total of 39,592 shares of company stock worth $3,675,752 in the last 90 days. 0.54% of the stock is owned by insiders.

Institutional Trading of CBRE Group

Hedge funds have recently bought and sold shares of the stock. Crewe Advisors LLC bought a new stake in shares of CBRE Group in the first quarter valued at about $30,000. Cary Street Partners Investment Advisory LLC grew its holdings in shares of CBRE Group by 190.6% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 497 shares of the financial services provider's stock worth $37,000 after purchasing an additional 326 shares in the last quarter. Headinvest LLC acquired a new stake in shares of CBRE Group during the 3rd quarter worth approximately $44,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of CBRE Group in the fourth quarter valued at $45,000. Finally, Bruce G. Allen Investments LLC acquired a new position in shares of CBRE Group in the fourth quarter valued at $48,000. 98.41% of the stock is owned by institutional investors.

CBRE Group Company Profile

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.