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

Shares of CBRE Group, Inc. (NYSE:CBRE) have received a consensus rating of “Moderate Buy” from the ten ratings firms that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $149.22.

A number of equities research analysts have recently commented on CBRE shares. Keefe, Bruyette & Woods raised their target price on CBRE Group from $129.00 to $131.00 and gave the company a “market perform” rating in a research report on Wednesday, April 30th. UBS Group dropped their target price on CBRE Group from $146.00 to $130.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th. Morgan Stanley lowered their price objective on CBRE Group from $165.00 to $160.00 and set an “overweight” rating on the stock in a report on Thursday, April 24th. JPMorgan Chase & Co. lowered their price objective on CBRE Group from $163.00 to $141.00 and set an “overweight” rating on the stock in a report on Thursday, April 10th. Finally, Wall Street Zen cut CBRE Group from a “buy” rating to a “hold” rating in a report on Thursday, March 27th.

CBRE Group Stock Up 0.6%

Shares of NYSE:CBRE opened at $121.13 on Monday. CBRE Group has a 52-week low of $84.24 and a 52-week high of $147.75. The stock has a market cap of $36.11 billion, a P/E ratio of 38.57 and a beta of 1.30. The business’s 50 day moving average is $124.25 and its 200 day moving average is $131.80. The company has a quick ratio of 1.13, a current ratio of 1.07 and a debt-to-equity ratio of 0.35.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.86 EPS for the quarter, beating the consensus estimate of $0.81 by $0.05. The firm had revenue of $8.91 billion during the quarter, compared to analyst estimates of $8.73 billion. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.78 EPS. Sell-side analysts predict that CBRE Group will post 5.99 EPS for the current year.

Insiders Place Their Bets

In other news, insider Chad J. Doellinger sold 494 shares of the stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $126.05, for a total value of $62,268.70. Following the sale, the insider now directly owns 27,945 shares in the company, valued at $3,522,467.25. This represents a 1.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Emma E. Giamartino sold 2,000 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $125.69, for a total transaction of $251,380.00. Following the completion of the sale, the chief financial officer now owns 107,343 shares in the company, valued at $13,491,941.67. This represents a 1.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,396 shares of company stock worth $685,649. 0.42% of the stock is owned by company insiders.

Institutional Trading of CBRE Group

Large investors have recently modified their holdings of the business. Merit Financial Group LLC acquired a new stake in shares of CBRE Group in the fourth quarter valued at approximately $256,000. Manning & Napier Advisors LLC acquired a new stake in shares of CBRE Group in the fourth quarter valued at approximately $175,978,000. Robeco Institutional Asset Management B.V. grew its position in shares of CBRE Group by 12.8% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 2,983,867 shares of the financial services provider’s stock valued at $391,752,000 after purchasing an additional 338,298 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of CBRE Group in the fourth quarter valued at approximately $36,643,000. Finally, Pacer Advisors Inc. grew its position in shares of CBRE Group by 12.5% in the fourth quarter. Pacer Advisors Inc. now owns 25,128 shares of the financial services provider’s stock valued at $3,299,000 after purchasing an additional 2,798 shares during the last quarter. 98.41% of the stock is currently owned by institutional investors and hedge funds.

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.