CBRE Group, Inc. (NYSE:CBRE) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of CBRE Group, Inc. (NYSE:CBRE) have been given a consensus recommendation of “Moderate Buy” by the six brokerages that are covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $91.33.

Several equities analysts recently issued reports on the company. Citigroup reissued a “buy” rating and set a $98.00 target price on shares of CBRE Group in a research note on Monday, September 18th. TheStreet lowered CBRE Group from a “b-” rating to a “c+” rating in a research note on Wednesday, October 18th. Evercore ISI decreased their target price on CBRE Group from $94.00 to $91.00 and set an “outperform” rating on the stock in a research note on Monday, September 11th. Raymond James decreased their target price on CBRE Group from $100.00 to $95.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, October 4th. Finally, Keefe, Bruyette & Woods decreased their target price on CBRE Group from $93.00 to $85.00 in a research note on Tuesday, October 3rd.

CBRE Group Stock Down 0.5 %

CBRE Group stock opened at $66.15 on Friday. The stock has a market capitalization of $20.50 billion, a PE ratio of 25.06 and a beta of 1.38. CBRE Group has a 12 month low of $64.63 and a 12 month high of $89.58. The business has a 50 day simple moving average of $76.68 and a 200-day simple moving average of $78.10. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.16 and a quick ratio of 1.16.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings results on Friday, October 27th. The financial services provider reported $0.72 EPS for the quarter, topping the consensus estimate of $0.65 by $0.07. The firm had revenue of $7.87 billion during the quarter, compared to analysts’ expectations of $7.50 billion. CBRE Group had a return on equity of 15.42% and a net margin of 2.74%. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.13 earnings per share. On average, analysts anticipate that CBRE Group will post 3.92 EPS for the current fiscal year.

Insider Activity

In related news, CAO Lindsey S. Caplan sold 1,305 shares of CBRE Group stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $83.08, for a total value of $108,419.40. Following the transaction, the chief accounting officer now owns 17,215 shares in the company, valued at $1,430,222.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other CBRE Group news, CAO Lindsey S. Caplan sold 1,305 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $83.08, for a total transaction of $108,419.40. Following the transaction, the chief accounting officer now owns 17,215 shares in the company, valued at $1,430,222.20. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Brandon B. Boze sold 1,200,000 shares of the business’s stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $84.41, for a total value of $101,292,000.00. Following the transaction, the director now owns 4,637,748 shares in the company, valued at approximately $391,472,308.68. The disclosure for this sale can be found here. Insiders sold a total of 4,607,856 shares of company stock valued at $376,671,359 over the last quarter. Company insiders own 0.53% of the company’s stock.

Institutional Trading of CBRE Group

Several hedge funds and other institutional investors have recently bought and sold shares of CBRE. Quilter Plc bought a new position in shares of CBRE Group during the first quarter valued at approximately $347,550,000. CVA Family Office LLC grew its holdings in shares of CBRE Group by 80.0% during the first quarter. CVA Family Office LLC now owns 405 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 180 shares during the last quarter. Belpointe Asset Management LLC boosted its position in shares of CBRE Group by 57.4% during the first quarter. Belpointe Asset Management LLC now owns 499 shares of the financial services provider’s stock worth $36,000 after buying an additional 182 shares during the period. Cullen Frost Bankers Inc. boosted its position in shares of CBRE Group by 213.6% during the first quarter. Cullen Frost Bankers Inc. now owns 552 shares of the financial services provider’s stock worth $40,000 after buying an additional 376 shares during the period. Finally, Ameritas Advisory Services LLC acquired a new position in shares of CBRE Group during the first quarter worth approximately $44,000. 96.71% 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 worldwide. It operates through three segments: 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 of offices; industrial and retail space; property sales and mortgage services under the CBRE Capital Markets brand; property and project management services, including construction management, marketing, building engineering, lease administration, 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.