CBRE Group, Inc. (NYSE:CBRE) Stock Has Consensus Price Target of $185.44

Shares of CBRE Group, Inc. (NYSE:CBRE) have been assigned a consensus rating of “Moderate Buy” from the ten ratings firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $182.78.

Several analysts have issued reports on CBRE shares. JPMorgan Chase & Co. cut their price target on CBRE Group from $190.00 to $186.00 in a report on Tuesday, October 13th. Keefe, Bruyette & Woods cut their price target on shares of CBRE Group from $174.00 to $164.00 and set an “outperform” rating on the stock in a report on Friday, October 9th. Wall Street Zen downgraded CBRE Group from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. UBS Group increased their price objective on CBRE Group from $185.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Finally, Jefferies Financial Group lowered their price objective on CBRE Group from $180.00 to $164.00 in a research report on Monday, October 12th.

CBRE Group Price Performance

NYSE CBRE opened at $141.27 on Monday. The company has a market cap of $40.71 billion, a PE ratio of 17.05 and a beta of 1.24. The firm’s 50 day moving average price is $135.54 and its 200-day moving average price is $141.51. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.17 and a current ratio of 1.17. CBRE Group has a 52-week low of $121.44 and a 52-week high of $174.27.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings data on Thursday, October 22nd. The financial services provider reported $2.05 EPS for the quarter, topping analysts’ consensus estimates of $1.96 by $0.09. The company had revenue of $11.52 billion during the quarter, compared to the consensus estimate of $11.81 billion. CBRE Group had a net margin of 3.08% and a return on equity of 26.31%. CBRE Group’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.61 earnings per share. Sell-side analysts forecast that CBRE Group will post 7.76 EPS for the current fiscal year.

Insider Activity

In other CBRE Group news, CFO Emma E. Giamartino sold 2,250 shares of the stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $148.29, for a total value of $333,652.50. Following the completion of the sale, the chief financial officer directly owned 108,479 shares in the company, valued at approximately $16,086,350.91. This trade represents a 2.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Chad Doellinger sold 228 shares of the stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $148.29, for a total value of $33,810.12. Following the completion of the sale, the insider owned 41,778 shares of the company’s stock, valued at approximately $6,195,259.62. This trade represents a 0.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.46% of the company’s stock.

Hedge Funds Weigh In On CBRE Group

Hedge funds have recently modified their holdings of the stock. Lido Advisors LLC boosted its stake in shares of CBRE Group by 5.5% during the 3rd quarter. Lido Advisors LLC now owns 22,430 shares of the financial services provider’s stock worth $2,882,000 after acquiring an additional 1,172 shares in the last quarter. Gen Wealth Partners Inc grew its position in shares of CBRE Group by 31.8% during the 3rd quarter. Gen Wealth Partners Inc now owns 7,584 shares of the financial services provider’s stock valued at $974,000 after acquiring an additional 1,830 shares during the period. Gryphon Financial Partners LLC increased its stake in shares of CBRE Group by 10.4% in the 3rd quarter. Gryphon Financial Partners LLC now owns 2,110 shares of the financial services provider’s stock valued at $271,000 after purchasing an additional 199 shares in the last quarter. AlphaCore Capital LLC increased its stake in shares of CBRE Group by 102.8% in the 3rd quarter. AlphaCore Capital LLC now owns 6,400 shares of the financial services provider’s stock valued at $822,000 after purchasing an additional 3,244 shares in the last quarter. Finally, Fulcrum Asset Management LLP acquired a new position in CBRE Group in the 3rd quarter worth about $545,000. Institutional investors and hedge funds own 98.41% of the company’s stock.

CBRE Group Company Profile

CBRE Group, Inc (NYSE:CBRE) is a global commercial real estate services and investment firm. The company provides advisory, transaction, property management, facilities management, project management, valuation, and consulting services to corporate, institutional, and other real estate clients.

Its businesses support the acquisition, development, leasing, operation, and disposition of commercial properties across sectors such as office, industrial and logistics, retail, multifamily, hospitality, and data centers.