CBRE Group (NYSE:CBRE) Raised to “Buy” at StockNews.com

StockNews.com upgraded shares of CBRE Group (NYSE:CBRE) from a hold rating to a buy rating in a research note published on Tuesday.

Several other brokerages also recently commented on CBRE. Jefferies Financial Group assumed coverage on shares of CBRE Group in a report on Wednesday, April 10th. They issued a hold rating and a $107.00 price target for the company. Raymond James boosted their target price on CBRE Group from $95.00 to $103.00 and gave the stock a strong-buy rating in a research report on Thursday, January 25th. TheStreet raised CBRE Group from a c+ rating to a b- rating in a report on Thursday, January 25th. Keefe, Bruyette & Woods boosted their price objective on CBRE Group from $96.00 to $100.00 and gave the stock a market perform rating in a report on Friday, February 16th. Finally, Evercore ISI raised their target price on shares of CBRE Group from $103.00 to $104.00 and gave the company an in-line rating in a research note on Tuesday, April 2nd. Four research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, CBRE Group has a consensus rating of Moderate Buy and an average price target of $99.50.

CBRE Group Price Performance

CBRE Group stock opened at $87.11 on Tuesday. The firm has a market capitalization of $26.74 billion, a P/E ratio of 27.48 and a beta of 1.42. CBRE Group has a one year low of $64.63 and a one year high of $98.65. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.17 and a quick ratio of 1.17. The business has a fifty day moving average price of $92.40 and a 200-day moving average price of $85.18.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings results on Thursday, February 15th. The financial services provider reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.17. CBRE Group had a return on equity of 13.69% and a net margin of 3.09%. The firm had revenue of $8.95 billion for the quarter, compared to analysts’ expectations of $8.44 billion. During the same period in the prior year, the business posted $1.33 earnings per share. The company’s revenue was up 9.2% on a year-over-year basis. As a group, equities research analysts forecast that CBRE Group will post 4.44 EPS for the current year.

Insider Activity at CBRE Group

In other CBRE Group news, CEO John E. Durburg sold 25,000 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now owns 207,856 shares of the company’s stock, valued at $19,164,323.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other CBRE Group news, CEO John E. Durburg sold 25,000 shares of the business’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 completion of 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Chandra Dhandapani sold 11,925 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $94.03, for a total value of $1,121,307.75. Following the transaction, the chief executive officer now directly owns 127,064 shares in the company, valued at $11,947,827.92. The disclosure for this sale can be found here. In the last three months, insiders have sold 39,592 shares of company stock valued at $3,675,752. Corporate insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in CBRE. SG Americas Securities LLC raised its position in CBRE Group by 795.4% during the 4th quarter. SG Americas Securities LLC now owns 140,795 shares of the financial services provider’s stock valued at $13,107,000 after purchasing an additional 125,071 shares during the last quarter. DNB Asset Management AS lifted its stake in CBRE Group by 37.9% in the fourth quarter. DNB Asset Management AS now owns 128,636 shares of the financial services provider’s stock worth $11,975,000 after acquiring an additional 35,386 shares during the period. Advisor Resource Council bought a new stake in CBRE Group in the fourth quarter valued at $1,083,000. Sei Investments Co. increased its position in CBRE Group by 14.1% during the 3rd quarter. Sei Investments Co. now owns 1,073,768 shares of the financial services provider’s stock valued at $79,308,000 after purchasing an additional 132,748 shares during the period. Finally, Nordea Investment Management AB raised its holdings in CBRE Group by 2.8% in the 4th quarter. Nordea Investment Management AB now owns 21,548 shares of the financial services provider’s stock worth $2,014,000 after purchasing an additional 578 shares in the last quarter. 98.41% of the stock is owned by hedge funds and other institutional investors.

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.