CBRE Group (NYSE:CBRE) Lowered to Hold at StockNews.com

CBRE Group (NYSE:CBRE) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Saturday.

Several other research firms have also issued reports on CBRE. Jefferies Financial Group began coverage on shares of CBRE Group in a research report on Wednesday. They issued a “hold” rating and a $107.00 price objective for the company. Evercore ISI boosted their price objective on CBRE Group from $103.00 to $104.00 and gave the stock an “in-line” rating in a research note on Tuesday, April 2nd. Keefe, Bruyette & Woods raised their target price on CBRE Group from $96.00 to $100.00 and gave the company a “market perform” rating in a report on Friday, February 16th. TheStreet upgraded CBRE Group from a “c+” rating to a “b-” rating in a report on Thursday, January 25th. Finally, Raymond James lifted their price objective on shares of CBRE Group from $95.00 to $103.00 and gave the company a “strong-buy” rating in a research note on Thursday, January 25th. Five analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $99.50.

CBRE Group Trading Down 1.4 %

Shares of CBRE opened at $89.39 on Friday. The stock’s fifty day simple moving average is $92.33 and its 200 day simple moving average is $84.37. CBRE Group has a twelve month low of $64.63 and a twelve month high of $98.65. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $27.33 billion, a P/E ratio of 28.20 and a beta of 1.42.

CBRE Group (NYSE:CBRE) last released its quarterly earnings data on Thursday, February 15th. The financial services provider reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.17. CBRE Group had a return on equity of 13.69% and a net margin of 3.09%. The company had revenue of $8.95 billion for the quarter, compared to the consensus estimate of $8.44 billion. During the same period last year, the business posted $1.33 EPS. The company’s quarterly revenue was up 9.2% compared to the same quarter last year. On average, equities research analysts forecast that CBRE Group will post 4.46 earnings per share for the current year.

Insider Buying and Selling at CBRE Group

In related news, CEO John E. Durburg sold 25,000 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $92.20, for a total value of $2,305,000.00. Following the sale, the chief executive officer now directly owns 207,856 shares of the company’s stock, valued at $19,164,323.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Emma E. Giamartino sold 2,667 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $93.53, for a total value of $249,444.51. Following the completion of the sale, the chief financial officer now directly owns 72,350 shares in the company, valued at approximately $6,766,895.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John E. Durburg sold 25,000 shares of CBRE Group stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $92.20, for a total transaction of $2,305,000.00. Following the completion of the transaction, the chief executive officer now directly owns 207,856 shares of the company’s stock, valued at approximately $19,164,323.20. The disclosure for this sale can be found here. Insiders have sold a total of 39,592 shares of company stock valued at $3,675,752 in the last three months. Corporate insiders own 0.53% of the company’s stock.

Institutional Trading of CBRE Group

A number of institutional investors and hedge funds have recently modified their holdings of the business. Harbour Investments Inc. raised its stake in shares of CBRE Group by 1,103.4% during the fourth quarter. Harbour Investments Inc. now owns 349 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 320 shares in the last quarter. Quilter Plc bought a new stake in shares of CBRE Group during the 1st quarter worth about $347,550,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of CBRE Group in the 4th quarter worth approximately $45,000. Cary Street Partners Investment Advisory LLC raised its holdings in CBRE Group by 190.6% during the third 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. Finally, Belpointe Asset Management LLC lifted its position in CBRE Group by 57.4% in the first quarter. Belpointe Asset Management LLC now owns 499 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 182 shares during the period. 98.41% of the stock is owned by institutional investors and hedge funds.

About CBRE Group

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.