Keefe, Bruyette & Woods Increases CBRE Group (NYSE:CBRE) Price Target to $175.00

CBRE Group (NYSE:CBREGet Free Report) had its price target increased by research analysts at Keefe, Bruyette & Woods from $170.00 to $175.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 18.31% from the stock’s current price.

Several other research analysts have also recently weighed in on the stock. Wall Street Zen cut shares of CBRE Group from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Weiss Ratings cut shares of CBRE Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 13th. Barclays boosted their price objective on shares of CBRE Group from $174.00 to $175.00 and gave the company an “overweight” rating in a report on Tuesday, April 14th. Raymond James Financial set a $180.00 price objective on shares of CBRE Group and gave the company an “outperform” rating in a report on Thursday, February 12th. Finally, Evercore reissued an “outperform” rating and set a $179.00 price objective on shares of CBRE Group in a report on Friday. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $179.86.

Read Our Latest Analysis on CBRE Group

CBRE Group Stock Performance

Shares of CBRE traded down $1.40 during mid-day trading on Friday, hitting $147.92. 459,098 shares of the company traded hands, compared to its average volume of 2,185,343. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a 50-day moving average price of $140.92 and a two-hundred day moving average price of $153.58. CBRE Group has a 1 year low of $118.58 and a 1 year high of $174.27. The stock has a market cap of $43.36 billion, a price-to-earnings ratio of 38.44 and a beta of 1.34.

CBRE Group (NYSE:CBREGet Free Report) last released its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.48. CBRE Group had a net margin of 2.85% and a return on equity of 21.75%. The firm had revenue of $10.53 billion during the quarter, compared to analysts’ expectations of $10.22 billion. During the same period in the previous year, the company earned $0.86 earnings per share. The firm’s quarterly revenue was up 18.1% on a year-over-year basis. CBRE Group has set its FY 2026 guidance at 7.600-7.800 EPS. Equities analysts anticipate that CBRE Group will post 7.43 earnings per share for the current year.

Insider Activity at CBRE Group

In related news, insider Chad J. Doellinger sold 471 shares of the business’s stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $133.51, for a total transaction of $62,883.21. Following the completion of the sale, the insider directly owned 42,519 shares in the company, valued at approximately $5,676,711.69. The trade was a 1.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Emma E. Giamartino sold 9,223 shares of the company’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $148.61, for a total transaction of $1,370,630.03. Following the completion of the transaction, the chief financial officer owned 126,501 shares of the company’s stock, valued at approximately $18,799,313.61. The trade was a 6.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 9,810 shares of company stock valued at $1,448,600 over the last 90 days. 0.46% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On CBRE Group

A number of hedge funds have recently modified their holdings of CBRE. Brighton Jones LLC boosted its position in shares of CBRE Group by 322.9% in the fourth quarter. Brighton Jones LLC now owns 14,492 shares of the financial services provider’s stock worth $1,903,000 after purchasing an additional 11,065 shares during the period. Woodline Partners LP boosted its position in shares of CBRE Group by 38.2% in the first quarter. Woodline Partners LP now owns 24,972 shares of the financial services provider’s stock worth $3,266,000 after purchasing an additional 6,908 shares during the period. Geneos Wealth Management Inc. boosted its position in shares of CBRE Group by 67.0% in the first quarter. Geneos Wealth Management Inc. now owns 446 shares of the financial services provider’s stock worth $58,000 after purchasing an additional 179 shares during the period. First Trust Advisors LP boosted its position in shares of CBRE Group by 41.3% in the second quarter. First Trust Advisors LP now owns 24,792 shares of the financial services provider’s stock worth $3,474,000 after purchasing an additional 7,242 shares during the period. Finally, Walleye Capital LLC boosted its position in shares of CBRE Group by 54.6% in the second quarter. Walleye Capital LLC now owns 4,895 shares of the financial services provider’s stock worth $686,000 after purchasing an additional 1,728 shares during the period. 98.41% of the stock is currently owned by institutional investors.

Key CBRE Group News

Here are the key news stories impacting CBRE Group this week:

CBRE Group Company Profile

(Get Free Report)

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.

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Analyst Recommendations for CBRE Group (NYSE:CBRE)

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