CBRE Group, Inc. (NYSE:CBRE) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of CBRE Group, Inc. (NYSE:CBRE) have been given an average rating of “Moderate Buy” by the nine ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $165.2222.

CBRE has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price objective on CBRE Group from $143.00 to $185.00 and gave the company an “overweight” rating in a research report on Tuesday, August 26th. Keefe, Bruyette & Woods boosted their price objective on CBRE Group from $131.00 to $147.00 and gave the company a “market perform” rating in a research report on Thursday, July 24th. Wall Street Zen upgraded CBRE Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Morgan Stanley reiterated an “overweight” rating and set a $170.00 price target (up from $160.00) on shares of CBRE Group in a research report on Thursday, June 12th. Finally, Evercore ISI boosted their price target on CBRE Group from $164.00 to $185.00 and gave the stock an “outperform” rating in a research report on Monday, August 25th.

CBRE Group Stock Down 1.7%

CBRE Group stock opened at $159.42 on Wednesday. The stock has a market capitalization of $47.44 billion, a PE ratio of 44.66 and a beta of 1.36. CBRE Group has a 12 month low of $108.45 and a 12 month high of $165.41. The business has a 50 day simple moving average of $150.38 and a 200-day simple moving average of $135.88. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.13 and a quick ratio of 1.13.

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

Insider Buying and Selling

In related news, CFO Emma E. Giamartino sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $157.60, for a total transaction of $315,200.00. Following the completion of the sale, the chief financial officer directly owned 103,371 shares in the company, valued at approximately $16,291,269.60. The trade was a 1.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Vikramaditya Kohli sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $154.90, for a total value 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. The trade was a 0.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,926 shares of company stock worth $1,338,073. 0.42% of the stock is owned by corporate insiders.

Institutional Trading of CBRE Group

Several large investors have recently made changes to their positions in CBRE. State Street Corp grew its holdings in CBRE Group by 1.8% in the 2nd quarter. State Street Corp now owns 13,734,182 shares of the financial services provider’s stock valued at $1,924,434,000 after buying an additional 236,323 shares in the last quarter. Geode Capital Management LLC grew its holdings in CBRE Group by 1.7% in the 2nd quarter. Geode Capital Management LLC now owns 8,249,441 shares of the financial services provider’s stock valued at $1,158,068,000 after buying an additional 134,160 shares in the last quarter. Principal Financial Group Inc. grew its holdings in CBRE Group by 4.8% in the 1st quarter. Principal Financial Group Inc. now owns 7,970,004 shares of the financial services provider’s stock valued at $1,042,317,000 after buying an additional 368,214 shares in the last quarter. Invesco Ltd. grew its holdings in CBRE Group by 6.6% in the 1st quarter. Invesco Ltd. now owns 6,407,231 shares of the financial services provider’s stock valued at $837,938,000 after buying an additional 397,818 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in CBRE Group by 0.7% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,939,862 shares of the financial services provider’s stock valued at $552,053,000 after buying an additional 26,563 shares in the last quarter. 98.41% of the stock is currently 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.