CBRE Group (NYSE:CBRE) Price Target Raised to $138.00

CBRE Group (NYSE:CBRE) had its target price lifted by Keefe, Bruyette & Woods from $125.00 to $138.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has a market perform rating on the financial services provider’s stock.

A number of other research analysts also recently issued reports on CBRE. Raymond James boosted their price target on CBRE Group from $122.00 to $124.00 and gave the company a “strong-buy” rating in a report on Thursday, July 25th. UBS Group dropped their price target on shares of 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 began coverage on shares of CBRE Group in a report on Thursday, July 25th. They issued an “equal weight” rating and a $105.00 price objective for the company. Evercore ISI raised their target price on CBRE Group from $123.00 to $132.00 and gave the company an “outperform” rating in a research report on Friday, October 4th. Finally, Wolfe Research raised CBRE Group to a “strong-buy” rating in a report on Friday, August 16th. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $116.83.

CBRE Group Stock Performance

Shares of NYSE CBRE opened at $130.97 on Tuesday. The stock has a market cap of $40.08 billion, a price-to-earnings ratio of 42.11 and a beta of 1.40. CBRE Group has a 12 month low of $67.81 and a 12 month high of $136.06. The company has a 50 day simple moving average of $121.38 and a two-hundred day simple moving average of $103.34. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.20 EPS for the quarter, beating the consensus estimate of $1.06 by $0.14. The company had revenue of $9.04 billion for the quarter, compared to analyst estimates of $8.80 billion. CBRE Group had a net margin of 2.79% and a return on equity of 13.91%. The firm’s revenue was up 14.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.72 earnings per share. As a group, analysts predict that CBRE Group will post 5.03 earnings per share for the current year.

Insider Buying and Selling at CBRE Group

In related news, CFO Emma E. Giamartino sold 3,311 shares of CBRE Group stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $108.89, for a total value of $360,534.79. Following the completion of the sale, the chief financial officer now owns 71,969 shares in the company, valued at approximately $7,836,704.41. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, COO Vikramaditya Kohli sold 1,074 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $108.89, for a total transaction of $116,947.86. Following the sale, the chief operating officer now directly owns 69,226 shares of the company’s stock, valued at $7,538,019.14. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Emma E. Giamartino sold 3,311 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $108.89, for a total transaction of $360,534.79. Following the completion of the transaction, the chief financial officer now directly owns 71,969 shares of the company’s stock, valued at $7,836,704.41. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,232 shares of company stock worth $2,839,047 in the last three months. 0.54% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On CBRE Group

A number of hedge funds have recently bought and sold shares of CBRE. Stephens Inc. AR raised its holdings in CBRE Group by 3.1% in the third quarter. Stephens Inc. AR now owns 2,640 shares of the financial services provider’s stock valued at $329,000 after acquiring an additional 80 shares in the last quarter. Fidelis Capital Partners LLC grew its stake in shares of CBRE Group by 2.1% during the third quarter. Fidelis Capital Partners LLC now owns 3,994 shares of the financial services provider’s stock worth $492,000 after purchasing an additional 82 shares in the last quarter. Private Advisor Group LLC increased its holdings in CBRE Group by 1.2% in the third quarter. Private Advisor Group LLC now owns 7,688 shares of the financial services provider’s stock valued at $957,000 after buying an additional 90 shares during the last quarter. Studio Investment Management LLC raised its stake in CBRE Group by 2.5% in the second quarter. Studio Investment Management LLC now owns 5,546 shares of the financial services provider’s stock valued at $494,000 after buying an additional 135 shares in the last quarter. Finally, Mather Group LLC. lifted its holdings in CBRE Group by 8.7% during the 2nd quarter. Mather Group LLC. now owns 1,717 shares of the financial services provider’s stock worth $167,000 after buying an additional 138 shares during the last quarter. Institutional investors and hedge funds 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.