CBRE Group (NYSE:CBRE) Reaches New 1-Year Low - Time to Sell?

Key Points

• CBRE Group shares hit a new 52-week low, trading as low as $121.51 and falling below both their 50-day and 200-day moving averages.
• Despite the decline, analysts remain broadly positive: nine rate the stock Buy and one Hold, producing a “Moderate Buy” consensus and an average price target of $185.44.
• CBRE exceeded quarterly EPS expectations ($2.05 versus $1.96), while revenue rose 12.7% year over year but fell short of estimates; insiders sold shares through pre-arranged trading plans, while institutions own 98.41% of the stock.

CBRE Group, Inc. (NYSE:CBRE - Get Free Report)'s stock price hit a new 52-week low during trading on Monday. The stock traded as low as $121.51 and last traded at $121.8350, with a volume of 999,977 shares. The stock had previously closed at $123.30.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on CBRE shares. Evercore lowered their target price on CBRE Group from $175.00 to $166.00 and set an "outperform" rating on the stock in a research note on Monday, September 28th. JPMorgan Chase & Co. cut their target price on shares of CBRE Group from $190.00 to $186.00 in a research note on Tuesday, October 13th. UBS Group raised their price target on CBRE Group from $185.00 to $190.00 and gave the company a "buy" rating in a report on Thursday, July 30th. Weiss Ratings reissued a "hold (c+)" rating on shares of CBRE Group in a research report on Friday, August 21st. Finally, Barclays boosted their price target on CBRE Group from $180.00 to $183.00 and gave the company an "overweight" rating in a report on Monday, August 17th. Nine investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, CBRE Group has an average rating of "Moderate Buy" and a consensus price target of $185.44.

CBRE Group Stock Down 0.3%

The firm has a 50 day moving average of $138.87 and a two-hundred day moving average of $139.42. The firm has a market capitalization of $35.44 billion, a price-to-earnings ratio of 26.37 and a beta of 1.23. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.63.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its 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. The business had revenue of $11.52 billion during the quarter, compared to analyst estimates of $11.81 billion. CBRE Group had a return on equity of 26.31% and a net margin of 3.08%. CBRE Group's revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period last year, the company earned $1.61 EPS. As a group, sell-side analysts anticipate that CBRE Group, Inc. will post 7.76 EPS for the current fiscal year.

Insider Buying and Selling at CBRE Group

In other news, CFO Emma Giamartino sold 2,250 shares of the firm's stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $148.29, for a total transaction of $333,652.50. Following the transaction, the chief financial officer directly owned 108,479 shares of the company's stock, valued at approximately $16,086,350.91. This trade represents a 2.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Chad J. Doellinger sold 228 shares of the business's stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $148.29, for a total transaction of $33,810.12. Following the completion of the transaction, the insider owned 41,778 shares in the company, valued at $6,195,259.62. The trade was a 0.54% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 5,144 shares of company stock valued at $767,363 in the last three months. Company insiders own 0.46% of the company's stock.

Institutional Trading of CBRE Group

Hedge funds have recently modified their holdings of the business. Apollon Wealth Management LLC boosted its holdings in CBRE Group by 36.0% in the third quarter. Apollon Wealth Management LLC now owns 6,960 shares of the financial services provider's stock worth $894,000 after acquiring an additional 1,843 shares in the last quarter. Signaturefd LLC grew its stake in shares of CBRE Group by 4.3% in the third quarter. Signaturefd LLC now owns 6,257 shares of the financial services provider's stock worth $804,000 after acquiring an additional 257 shares during the period. Citizens Financial Group Inc. RI grew its position in CBRE Group by 138.3% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 12,971 shares of the financial services provider's stock worth $1,666,000 after purchasing an additional 7,529 shares during the period. Evergreen Capital Management LLC raised its stake in CBRE Group by 5.2% during the 3rd quarter. Evergreen Capital Management LLC now owns 3,168 shares of the financial services provider's stock valued at $407,000 after buying an additional 156 shares during the last quarter. Finally, Tectonic Advisors LLC lifted its holdings in shares of CBRE Group by 7.2% during the 3rd quarter. Tectonic Advisors LLC now owns 17,075 shares of the financial services provider's stock valued at $2,194,000 after buying an additional 1,144 shares during the period. 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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