CBRE Group (NYSE:CBRE) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

CBRE Group (NYSE:CBRE) had its price target upped by Keefe, Bruyette & Woods from $129.00 to $131.00 in a report issued on Wednesday,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the financial services provider’s stock.

Several other analysts have also recently weighed in on CBRE. Jefferies Financial Group upgraded CBRE Group from a “hold” rating to a “buy” rating and boosted their price target for the stock from $133.00 to $152.00 in a report on Thursday, January 2nd. UBS Group reduced their target price on shares of CBRE Group from $146.00 to $130.00 and set a “neutral” rating on the stock in a report on Friday, April 11th. Morgan Stanley dropped their price target on shares of CBRE Group from $165.00 to $160.00 and set an “overweight” rating for the company in a research note on Thursday, April 24th. JPMorgan Chase & Co. reduced their price objective on shares of CBRE Group from $163.00 to $141.00 and set an “overweight” rating on the stock in a research note on Thursday, April 10th. Finally, Evercore ISI lowered their target price on CBRE Group from $147.00 to $141.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. 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 company. Based on data from MarketBeat.com, CBRE Group currently has a consensus rating of “Moderate Buy” and an average price target of $149.22.

CBRE Group Price Performance

Shares of NYSE:CBRE opened at $126.64 on Wednesday. CBRE Group has a one year low of $84.24 and a one year high of $147.75. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 1.13. The company has a market cap of $37.75 billion, a price-to-earnings ratio of 40.33 and a beta of 1.26. The firm has a 50 day simple moving average of $126.00 and a 200 day simple moving average of $131.99.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.05. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. The company had revenue of $8.91 billion during the quarter, compared to the consensus estimate of $8.73 billion. During the same period in the prior year, the business earned $0.78 earnings per share. The company’s revenue for the quarter was up 12.3% compared to the same quarter last year. Research analysts predict that CBRE Group will post 5.99 earnings per share for the current fiscal year.

Insider Transactions at CBRE Group

In related news, insider Chad J. Doellinger sold 797 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $3,629,517.85. This represents a 2.70 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Emma E. Giamartino sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $125.69, for a total value of $251,380.00. Following the completion of the sale, the chief financial officer now directly owns 107,343 shares of the company’s stock, valued at $13,491,941.67. This trade represents a 1.83 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.42% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CBRE. SBI Securities Co. Ltd. acquired a new stake in shares of CBRE Group in the 4th quarter worth about $25,000. Investment Management Corp VA ADV purchased a new stake in shares of CBRE Group in the fourth quarter worth approximately $28,000. Hughes Financial Services LLC bought a new position in shares of CBRE Group in the first quarter valued at approximately $28,000. Denver PWM LLC purchased a new position in shares of CBRE Group during the fourth quarter valued at approximately $29,000. Finally, Golden State Wealth Management LLC grew its holdings in CBRE Group by 687.1% during the first quarter. Golden State Wealth Management LLC now owns 244 shares of the financial services provider’s stock worth $32,000 after buying an additional 213 shares in the last quarter. 98.41% of the stock is owned by institutional investors.

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.