Analysts Set CBRE Group, Inc. (NYSE:CBRE) Price Target at $133.33

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 company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $138.33.

Several equities analysts have weighed in on CBRE shares. Keefe, Bruyette & Woods raised their target price on CBRE Group from $125.00 to $138.00 and gave the company a “market perform” rating in a report on Tuesday, October 29th. The Goldman Sachs Group began coverage on CBRE Group in a research note on Friday, December 6th. They issued a “buy” rating and a $176.00 price objective on the stock. Citigroup upped their target price on CBRE Group from $130.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. JPMorgan Chase & Co. raised shares of CBRE Group from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $120.00 to $163.00 in a research report on Monday, December 16th. Finally, Evercore ISI boosted their price objective on shares of CBRE Group from $123.00 to $132.00 and gave the stock an “outperform” rating in a research note on Friday, October 4th.

Insider Transactions at CBRE Group

In related news, CFO Emma E. Giamartino sold 1,815 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $131.34, for a total value of $238,382.10. Following the completion of the transaction, the chief financial officer now directly owns 70,154 shares in the company, valued at approximately $9,214,026.36. This represents a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On CBRE Group

Several institutional investors and hedge funds have recently bought and sold shares of the business. Algert Global LLC bought a new position in shares of CBRE Group during the 3rd quarter worth about $1,829,000. Prestige Wealth Management Group LLC raised its position in CBRE Group by 17,304.5% in the third quarter. Prestige Wealth Management Group LLC now owns 3,829 shares of the financial services provider’s stock worth $477,000 after purchasing an additional 3,807 shares in the last quarter. Cornerstone Advisors LLC lifted its stake in CBRE Group by 29.9% during the third quarter. Cornerstone Advisors LLC now owns 16,500 shares of the financial services provider’s stock worth $2,054,000 after purchasing an additional 3,800 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in CBRE Group by 0.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,876,724 shares of the financial services provider’s stock valued at $233,615,000 after purchasing an additional 16,202 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. grew its stake in shares of CBRE Group by 6.8% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 323,311 shares of the financial services provider’s stock valued at $28,810,000 after purchasing an additional 20,717 shares during the period. Institutional investors own 98.41% of the company’s stock.

CBRE Group Stock Down 1.1 %

Shares of CBRE Group stock opened at $129.90 on Friday. The firm has a market cap of $39.75 billion, a price-to-earnings ratio of 41.77 and a beta of 1.39. The stock has a 50-day simple moving average of $133.92 and a 200-day simple moving average of $117.94. CBRE Group has a 52-week low of $82.75 and a 52-week high of $142.00. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.13 and a quick ratio of 1.13.

CBRE Group (NYSE:CBRE) last posted its earnings results on Thursday, October 24th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.14. CBRE Group had a net margin of 2.79% and a return on equity of 13.91%. The firm had revenue of $9.04 billion during the quarter, compared to analysts’ expectations of $8.80 billion. During the same period in the previous year, the company earned $0.72 earnings per share. The company’s revenue was up 14.8% compared to the same quarter last year. On average, equities research analysts expect that CBRE Group will post 4.99 earnings per share for the current fiscal year.

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.