Brokerages Set CBRE Group, Inc. (NYSE:CBRE) Price Target at $113.83

Shares of CBRE Group, Inc. (NYSE:CBRE) have been given a consensus rating of “Moderate Buy” by the seven analysts that are presently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation, one has given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $113.83.

A number of research analysts have recently weighed in on CBRE shares. UBS Group lowered their price objective on CBRE Group from $100.00 to $95.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 3rd. Morgan Stanley assumed coverage on shares of CBRE Group in a research report on Thursday, July 25th. They issued an “equal weight” rating and a $105.00 price target for the company. Wolfe Research upgraded shares of CBRE Group to a “strong-buy” rating in a research report on Friday, August 16th. Raymond James upped their target price on shares of CBRE Group from $122.00 to $124.00 and gave the stock a “strong-buy” rating in a report on Thursday, July 25th. Finally, Keefe, Bruyette & Woods increased their target price on CBRE Group from $110.00 to $120.00 and gave the stock a “market perform” rating in a research report on Thursday, August 1st.

CBRE Group Stock Performance

CBRE opened at $124.93 on Friday. The company’s 50 day moving average is $117.83 and its 200 day moving average is $100.94. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.36. The company has a market cap of $38.33 billion, a price-to-earnings ratio of 38.92 and a beta of 1.40. CBRE Group has a 12-month low of $64.63 and a 12-month high of $125.68.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.12. CBRE Group had a net margin of 2.79% and a return on equity of 12.74%. The business had revenue of $8.39 billion for the quarter, compared to analysts’ expectations of $8.31 billion. During the same quarter last year, the company posted $0.82 EPS. The company’s revenue was up 8.7% compared to the same quarter last year. On average, equities research analysts predict that CBRE Group will post 4.81 EPS for the current year.

Insider Buying and Selling

In other CBRE Group news, Director Christopher T. Jenny sold 10,847 shares of the stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $112.00, for a total transaction of $1,214,864.00. Following the completion of the transaction, the director now owns 51,244 shares in the company, valued at $5,739,328. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other CBRE Group news, Director Christopher T. Jenny sold 10,847 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $112.00, for a total transaction of $1,214,864.00. Following the sale, the director now directly owns 51,244 shares in the company, valued at $5,739,328. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Lindsey S. Caplan sold 2,000 shares of CBRE Group stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $109.87, for a total value of $219,740.00. Following the completion of the transaction, the chief accounting officer now owns 16,606 shares of the company’s stock, valued at approximately $1,824,501.22. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,232 shares of company stock worth $3,058,787. Insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CBRE. American National Bank & Trust purchased a new position in CBRE Group during the 3rd quarter valued at $28,000. Wolff Wiese Magana LLC lifted its position in shares of CBRE Group by 2,830.0% during the third quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 283 shares during the last quarter. Crewe Advisors LLC purchased a new stake in shares of CBRE Group during the first quarter valued at $30,000. Asset Dedication LLC bought a new position in shares of CBRE Group in the third quarter worth about $40,000. Finally, Benjamin F. Edwards & Company Inc. increased its stake in CBRE Group by 190.3% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 328 shares of the financial services provider’s stock worth $29,000 after buying an additional 215 shares during the period. Institutional investors own 98.41% of the company’s stock.

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.