Brokerages Set CBRE Group, Inc. (NYSE:CBRE) Target Price at $133.33

CBRE Group, Inc. (NYSE:CBRE - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the ten brokerages that are covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $133.33.

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. upgraded CBRE Group from a "neutral" rating to an "overweight" rating and raised their price target for the company from $120.00 to $163.00 in a research note on Monday, December 16th. Citigroup raised their price target on CBRE Group from $130.00 to $160.00 and gave the company a "buy" rating in a research note on Monday, November 25th. Evercore ISI raised their price target on CBRE Group from $123.00 to $132.00 and gave the company an "outperform" rating in a research note on Friday, October 4th. Keefe, Bruyette & Woods raised their price target on CBRE Group from $125.00 to $138.00 and gave the company a "market perform" rating in a research note on Tuesday, October 29th. Finally, The Goldman Sachs Group assumed coverage on CBRE Group in a research note on Friday, December 6th. They set a "buy" rating and a $176.00 price target on the stock.

Insider Buying and Selling at CBRE Group

In other news, CFO Emma E. Giamartino sold 1,815 shares of the company's stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $131.34, for a total transaction of $238,382.10. Following the completion of the transaction, the chief financial officer now directly owns 70,154 shares of the company's stock, valued at $9,214,026.36. This represents a 2.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.54% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Lindbrook Capital LLC increased its position in shares of CBRE Group by 4.7% during the third quarter. Lindbrook Capital LLC now owns 1,750 shares of the financial services provider's stock worth $218,000 after purchasing an additional 79 shares in the last quarter. Stephens Inc. AR increased its position in shares of CBRE Group by 3.1% during the third quarter. Stephens Inc. AR now owns 2,640 shares of the financial services provider's stock worth $329,000 after purchasing an additional 80 shares in the last quarter. Fidelis Capital Partners LLC increased its position 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 position in shares of CBRE Group by 1.2% during the third quarter. Private Advisor Group LLC now owns 7,688 shares of the financial services provider's stock worth $957,000 after purchasing an additional 90 shares in the last quarter. Finally, Community Bank & Trust Waco Texas increased its position in shares of CBRE Group by 0.6% during the third quarter. Community Bank & Trust Waco Texas now owns 15,280 shares of the financial services provider's stock worth $1,902,000 after purchasing an additional 93 shares in the last quarter. 98.41% of the stock is owned by institutional investors and hedge funds.

CBRE Group Trading Down 1.0 %

Shares of NYSE:CBRE traded down $1.37 on Friday, hitting $130.63. 975,742 shares of the company's stock were exchanged, compared to its average volume of 1,711,089. CBRE Group has a 12 month low of $82.75 and a 12 month high of $142.00. The stock has a market capitalization of $39.98 billion, a price-to-earnings ratio of 42.00 and a beta of 1.39. The business's 50 day simple moving average is $133.43 and its two-hundred day simple moving average is $116.45. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.13 and a quick ratio of 1.13.

CBRE Group (NYSE:CBRE - Get Free Report) last released its earnings results on Thursday, October 24th. The financial services provider reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.14. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. The business had revenue of $9.04 billion during the quarter, compared to the consensus estimate of $8.80 billion. During the same period last year, the company earned $0.72 earnings per share. The business's revenue for the quarter was up 14.8% compared to the same quarter last year. Analysts anticipate that CBRE Group will post 4.99 EPS for the current fiscal year.

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.