CBRE Group (NYSE:CBRE) Downgraded by StockNews.com to Hold

StockNews.com cut shares of CBRE Group (NYSE:CBRE) from a buy rating to a hold rating in a research report report published on Thursday morning.

A number of other research firms have also weighed in on CBRE. Keefe, Bruyette & Woods raised their price target on shares of CBRE Group from $142.00 to $145.00 and gave the company a “market perform” rating in a report on Friday, February 14th. Morgan Stanley raised their target price on CBRE Group from $160.00 to $165.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. Evercore ISI dropped their target price on CBRE Group from $147.00 to $141.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. The Goldman Sachs Group started coverage on CBRE Group in a report on Friday, December 6th. They issued a “buy” rating and a $176.00 price target for the company. Finally, JPMorgan Chase & Co. upgraded CBRE Group from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $120.00 to $163.00 in a report on Monday, December 16th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, CBRE Group currently has an average rating of “Moderate Buy” and an average price target of $149.89.

CBRE Group Trading Down 1.6 %

NYSE:CBRE opened at $129.40 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 1.13. CBRE Group has a 12 month low of $84.24 and a 12 month high of $147.75. The firm has a market capitalization of $38.82 billion, a PE ratio of 41.21 and a beta of 1.42. The business’s 50-day moving average is $137.54 and its two-hundred day moving average is $132.25.

CBRE Group (NYSE:CBRE) last released its quarterly earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $0.12. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. Research analysts predict that CBRE Group will post 5.99 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Chad J. Doellinger sold 797 shares of the firm’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $126.31, for a total transaction of $100,669.07. Following the transaction, the insider now directly owns 28,735 shares in the company, valued at $3,629,517.85. This trade represents a 2.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Emma E. Giamartino sold 2,000 shares of CBRE Group stock in a transaction on Monday, March 17th. The stock was sold at an average price of $125.69, for a total transaction of $251,380.00. Following the completion of the transaction, the chief financial officer now directly owns 107,343 shares of the company’s stock, valued at approximately $13,491,941.67. This represents a 1.83 % decrease in their position. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On CBRE Group

A number of large investors have recently bought and sold shares of the business. SBI Securities Co. Ltd. bought a new stake in shares of CBRE Group in the 4th quarter worth approximately $25,000. Investment Management Corp VA ADV bought a new stake in CBRE Group in the fourth quarter valued at $28,000. Denver PWM LLC acquired a new position in shares of CBRE Group during the fourth quarter valued at $29,000. Colonial Trust Co SC grew its position in shares of CBRE Group by 183.7% during the fourth quarter. Colonial Trust Co SC now owns 278 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 180 shares during the last quarter. Finally, Larson Financial Group LLC lifted its position in CBRE Group by 610.9% in the 4th quarter. Larson Financial Group LLC now owns 327 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 281 shares during the last quarter. Institutional investors 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.