CBRE Group (NYSE:CBG) had its price target boosted by research analysts at Barclays from $47.00 to $52.00 in a research note issued on Tuesday. The firm presently has an “overweight” rating on the financial services provider’s stock. Barclays’ price target suggests a potential upside of 13.89% from the stock’s current price.
A number of other research firms have also recently issued reports on CBG. Zacks Investment Research cut shares of CBRE Group from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Evercore ISI started coverage on shares of CBRE Group in a research note on Monday, January 22nd. They set an “in-line” rating and a $48.00 target price for the company. Bank of America raised their target price on shares of CBRE Group from $42.00 to $44.00 and gave the stock a “buy” rating in a research note on Monday, November 6th. Finally, JMP Securities cut shares of CBRE Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 24th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $44.29.
CBRE Group (NYSE CBG) traded down $0.68 during midday trading on Tuesday, hitting $45.66. 2,029,006 shares of the stock were exchanged, compared to its average volume of 1,645,101. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.66. The firm has a market cap of $15,686.41, a PE ratio of 19.68, a PEG ratio of 1.27 and a beta of 1.87. CBRE Group has a one year low of $29.84 and a one year high of $46.60.
In related news, EVP J. Christopher Kirk sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $43.32, for a total transaction of $866,400.00. Following the transaction, the executive vice president now directly owns 118,162 shares of the company’s stock, valued at $5,118,777.84. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Frederic V. Malek sold 6,900 shares of the firm’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $43.28, for a total transaction of $298,632.00. Following the transaction, the director now directly owns 267,446 shares in the company, valued at $11,575,062.88. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,988,565 shares of company stock worth $127,627,161. 1.00% of the stock is owned by insiders.
A number of large investors have recently added to or reduced their stakes in the stock. Sentry Investment Management LLC increased its position in CBRE Group by 0.3% during the second quarter. Sentry Investment Management LLC now owns 21,861 shares of the financial services provider’s stock worth $796,000 after acquiring an additional 59 shares during the period. Ameritas Investment Partners Inc. increased its position in CBRE Group by 1.4% during the second quarter. Ameritas Investment Partners Inc. now owns 7,240 shares of the financial services provider’s stock worth $263,000 after acquiring an additional 99 shares during the period. Thrivent Financial For Lutherans increased its position in CBRE Group by 1.5% during the second quarter. Thrivent Financial For Lutherans now owns 17,969 shares of the financial services provider’s stock worth $654,000 after acquiring an additional 270 shares during the period. Advisor Group Inc. increased its position in CBRE Group by 6.6% during the second quarter. Advisor Group Inc. now owns 5,480 shares of the financial services provider’s stock worth $198,000 after acquiring an additional 337 shares during the period. Finally, Macquarie Group Ltd. increased its position in CBRE Group by 5.6% during the second quarter. Macquarie Group Ltd. now owns 7,600 shares of the financial services provider’s stock worth $277,000 after acquiring an additional 400 shares during the period. 94.88% of the stock is currently owned by institutional investors and hedge funds.
CBRE Group Company Profile
CBRE Group, Inc is a holding company that conducts all of its operations through its subsidiaries. The Company operates as a commercial real estate services and investment company. The Company operates through the segments: The Americas; Europe, Middle East and Africa (EMEA); Asia Pacific; Global Investment Management, and Development Services.
