Brokerages Set CBRE Group, Inc. (NYSE:CBRE) PT at $149.89

Shares of CBRE Group, Inc. (NYSE:CBRE) have been assigned a consensus recommendation of “Moderate Buy” from the ten brokerages that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has assigned a strong 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 $151.33.

Several brokerages have commented on CBRE. UBS Group dropped their target price on shares of CBRE Group from $146.00 to $130.00 and set a “neutral” rating for the company in a research report on Friday. Jefferies Financial Group raised CBRE Group from a “hold” rating to a “buy” rating and increased their target price for the company from $133.00 to $152.00 in a research note on Thursday, January 2nd. Raymond James cut CBRE Group from a “strong-buy” rating to an “outperform” rating and reduced their target price for the stock from $155.00 to $152.00 in a report on Friday, January 24th. JPMorgan Chase & Co. lowered their price target on CBRE Group from $163.00 to $141.00 and set an “overweight” rating for the company in a research note on Thursday. Finally, Evercore ISI reduced their price objective on shares of CBRE Group from $147.00 to $141.00 and set an “outperform” rating on the stock in a research note on Monday, January 13th.

CBRE Group Trading Down 0.7 %

Shares of CBRE opened at $115.89 on Friday. The stock’s fifty day simple moving average is $132.59 and its 200-day simple moving average is $132.26. The firm has a market capitalization of $34.75 billion, a PE ratio of 36.91 and a beta of 1.26. CBRE Group has a 12-month low of $84.24 and a 12-month high of $147.75. 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 released its earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.12. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. As a group, research analysts predict that CBRE Group will post 5.99 earnings per share for the current year.

Insider Buying and Selling

In other CBRE Group news, insider Chad J. Doellinger sold 797 shares of CBRE Group stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $126.31, for a total value of $100,669.07. Following the sale, the insider now directly owns 28,735 shares in the company, valued at approximately $3,629,517.85. The trade was a 2.70 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Emma E. Giamartino sold 2,000 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $125.69, for a total transaction of $251,380.00. Following the transaction, the chief financial officer now owns 107,343 shares of the company’s stock, valued at approximately $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. Company insiders own 0.54% of the company’s stock.

Institutional Trading of CBRE Group

Several institutional investors and hedge funds have recently bought and sold shares of the stock. SBI Securities Co. Ltd. bought a new stake in shares of CBRE Group during the 4th quarter worth approximately $25,000. Investment Management Corp VA ADV acquired a new stake in CBRE Group in the fourth quarter valued at $28,000. Denver PWM LLC bought a new position in shares of CBRE Group in the 4th quarter valued at about $29,000. Colonial Trust Co SC grew its position in shares of CBRE Group by 183.7% in the 4th quarter. Colonial Trust Co SC now owns 278 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 180 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of CBRE Group by 1,400.0% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 285 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 266 shares during the last quarter. Institutional investors own 98.41% of the company’s stock.

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.