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

CBRE Group, Inc. (NYSE:CBRE) has earned an average recommendation of “Moderate Buy” from the nine brokerages that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $178.8571.

A number of equities analysts recently weighed in on CBRE shares. UBS Group reaffirmed a “buy” rating on shares of CBRE Group in a report on Wednesday, June 17th. Barclays boosted their price objective on CBRE Group from $175.00 to $178.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. Wall Street Zen raised CBRE Group from a “hold” rating to a “buy” rating in a research note on Saturday. Jefferies Financial Group reiterated a “buy” rating on shares of CBRE Group in a research report on Friday, May 15th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of CBRE Group from $170.00 to $175.00 and gave the company an “outperform” rating in a research note on Friday, April 24th.

Insiders Place Their Bets

In other CBRE Group news, CFO Emma E. Giamartino sold 2,250 shares of the stock in a transaction on Friday, May 15th. The shares were sold at an average price of $130.74, for a total transaction of $294,165.00. Following the transaction, the chief financial officer directly owned 110,729 shares of the company’s stock, valued at $14,476,709.46. This trade represents a 1.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.46% of the company’s stock.

Institutional Trading of CBRE Group

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Norges Bank purchased a new position in shares of CBRE Group in the fourth quarter valued at approximately $643,405,000. Swedbank AB boosted its stake in shares of CBRE Group by 119.6% in the first quarter. Swedbank AB now owns 2,571,280 shares of the financial services provider’s stock worth $348,306,000 after acquiring an additional 1,400,452 shares during the last quarter. Viking Global Investors LP purchased a new stake in shares of CBRE Group during the third quarter worth approximately $190,648,000. Northwestern Mutual Wealth Management Co. increased its position in shares of CBRE Group by 5,115.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,017,355 shares of the financial services provider’s stock worth $163,581,000 after purchasing an additional 997,848 shares in the last quarter. Finally, XN LP acquired a new position in CBRE Group in the 4th quarter valued at $147,134,000. Hedge funds and other institutional investors own 98.41% of the company’s stock.

CBRE Group Trading Up 2.9%

Shares of CBRE Group stock opened at $139.50 on Friday. The firm has a 50-day simple moving average of $134.36 and a two-hundred day simple moving average of $143.99. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.08 and a current ratio of 1.08. CBRE Group has a fifty-two week low of $121.69 and a fifty-two week high of $174.27. The company has a market cap of $40.85 billion, a P/E ratio of 31.78 and a beta of 1.20.

CBRE Group (NYSE:CBRE) last posted its earnings results on Thursday, April 23rd. The financial services provider reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.48. CBRE Group had a return on equity of 24.08% and a net margin of 3.11%.The firm had revenue of $10.53 billion for the quarter, compared to analysts’ expectations of $10.22 billion. During the same period last year, the firm earned $0.86 EPS. The company’s quarterly revenue was up 18.1% on a year-over-year basis. As a group, equities analysts predict that CBRE Group will post 7.75 earnings per share for the current fiscal year.

CBRE Group Company Profile

CBRE Group, Inc is a global commercial real estate services and investment firm that provides a broad range of advisory, transactional and property-related services to occupiers, investors and owners. Its core activities include leasing and sales brokerage, facilities and property management, valuation and advisory, project and development services, and capital markets execution. The firm serves corporate occupiers, institutional investors, private owners and public entities across office, industrial, retail, multifamily and specialized property types.

In addition to traditional brokerage and management services, CBRE offers investment management capabilities and outsourced real estate solutions, combining market research, technology and data analytics to support portfolio strategy, transaction execution and asset operations.