CBRE Group (NYSE:CBRE) Price Target Raised to $185.00 at JPMorgan Chase & Co.

CBRE Group (NYSE:CBRE) had its target price raised by JPMorgan Chase & Co. from $143.00 to $185.00 in a research report report published on Tuesday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the financial services provider’s stock.

CBRE has been the topic of a number of other reports. Wall Street Zen upgraded CBRE Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. UBS Group increased their price objective on CBRE Group from $130.00 to $146.00 and gave the company a “neutral” rating in a report on Wednesday, July 2nd. Evercore ISI raised their target price on CBRE Group from $164.00 to $185.00 and gave the stock an “outperform” rating in a research report on Monday. Keefe, Bruyette & Woods boosted their target price on CBRE Group from $131.00 to $147.00 and gave the stock a “market perform” rating in a research note on Thursday, July 24th. Finally, Raymond James Financial upped their price target on CBRE Group from $163.00 to $166.00 and gave the company an “outperform” rating in a report on Thursday, July 24th. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $165.22.

CBRE Group Trading Down 0.9%

NYSE CBRE opened at $163.45 on Tuesday. CBRE Group has a 52 week low of $108.45 and a 52 week high of $165.41. The firm has a 50 day moving average of $147.77 and a two-hundred day moving average of $135.21. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $48.63 billion, a PE ratio of 45.78 and a beta of 1.34.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.14. The business had revenue of $9.75 billion for the quarter, compared to analyst estimates of $9.50 billion. CBRE Group had a net margin of 2.86% and a return on equity of 18.89%. CBRE Group has set its FY 2025 guidance at 6.100-6.200 EPS. As a group, research analysts expect that CBRE Group will post 5.99 EPS for the current fiscal year.

Insider Activity

In related news, CEO Vikramaditya Kohli sold 1,000 shares of the stock in a transaction on Monday, August 11th. The stock was sold at an average price of $154.90, for a total transaction of $154,900.00. Following the sale, the chief executive officer owned 111,473 shares of the company’s stock, valued at $17,267,167.70. This trade represents a 0.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Emma E. Giamartino sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $157.60, for a total transaction of $315,200.00. Following the sale, the chief financial officer directly owned 103,371 shares in the company, valued at $16,291,269.60. This represents a 1.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,926 shares of company stock worth $1,338,073 over the last three months. 0.42% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On CBRE Group

Large investors have recently added to or reduced their stakes in the business. Brighton Jones LLC increased its stake in shares of CBRE Group by 322.9% during the 4th quarter. Brighton Jones LLC now owns 14,492 shares of the financial services provider’s stock valued at $1,903,000 after acquiring an additional 11,065 shares during the last quarter. IHT Wealth Management LLC purchased a new stake in CBRE Group in the fourth quarter valued at approximately $201,000. Integrated Wealth Concepts LLC increased its position in CBRE Group by 99.7% during the fourth quarter. Integrated Wealth Concepts LLC now owns 3,343 shares of the financial services provider’s stock worth $439,000 after purchasing an additional 1,669 shares during the last quarter. Northern Trust Corp increased its position in CBRE Group by 12.6% during the fourth quarter. Northern Trust Corp now owns 3,789,513 shares of the financial services provider’s stock worth $497,525,000 after purchasing an additional 424,663 shares during the last quarter. Finally, Lido Advisors LLC raised its stake in CBRE Group by 7.7% during the fourth quarter. Lido Advisors LLC now owns 8,035 shares of the financial services provider’s stock worth $1,055,000 after purchasing an additional 577 shares during the period. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

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.