Brokerages Set CBRE Group, Inc. (NYSE:CBRE) Price Target at $116.83

Shares of CBRE Group, Inc. (NYSE:CBRE - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the seven brokerages that are currently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $116.83.

A number of research firms have recently commented on CBRE. Evercore ISI upped their target price on CBRE Group from $123.00 to $132.00 and gave the company an "outperform" rating in a research note on Friday, October 4th. Raymond James increased their price objective on CBRE Group from $122.00 to $124.00 and gave the stock a "strong-buy" rating in a research note on Thursday, July 25th. Wolfe Research raised CBRE Group to a "strong-buy" rating in a research note on Friday, August 16th. Keefe, Bruyette & Woods increased their price objective on CBRE Group from $125.00 to $138.00 and gave the stock a "market perform" rating in a research note on Tuesday, October 29th. Finally, Morgan Stanley began coverage on CBRE Group in a research note on Thursday, July 25th. They issued an "equal weight" rating and a $105.00 price objective on the stock.

CBRE Group Trading Up 2.0 %

CBRE stock traded up $2.65 during midday trading on Thursday, reaching $132.05. 2,405,884 shares of the company traded hands, compared to its average volume of 1,662,568. CBRE Group has a 52-week low of $71.96 and a 52-week high of $136.92. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.13. The business has a 50 day moving average of $122.61 and a 200-day moving average of $104.75. The firm has a market capitalization of $40.41 billion, a price-to-earnings ratio of 42.46 and a beta of 1.39.

CBRE Group (NYSE:CBRE - Get Free Report) last released its earnings results on Thursday, October 24th. The financial services provider reported $1.20 EPS for the quarter, beating analysts' consensus estimates of $1.06 by $0.14. The firm had revenue of $9.04 billion for the quarter, compared to analysts' expectations of $8.80 billion. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. The company's quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.72 earnings per share. As a group, sell-side analysts expect that CBRE Group will post 5.02 earnings per share for the current fiscal year.

Insider Buying and Selling at CBRE Group

In other news, CFO Emma E. Giamartino sold 3,311 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $108.89, for a total transaction of $360,534.79. Following the completion of the sale, the chief financial officer now owns 71,969 shares in the company, valued at approximately $7,836,704.41. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CFO Emma E. Giamartino sold 3,311 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $108.89, for a total transaction of $360,534.79. Following the completion of the sale, the chief financial officer now owns 71,969 shares in the company, valued at approximately $7,836,704.41. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Vikramaditya Kohli sold 1,074 shares of the stock in a transaction on Monday, August 12th. The shares were sold at an average price of $108.89, for a total value of $116,947.86. Following the sale, the chief operating officer now owns 69,226 shares of the company's stock, valued at approximately $7,538,019.14. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,232 shares of company stock valued at $2,839,047. 0.54% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On CBRE Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CBRE. Janney Montgomery Scott LLC purchased a new position in CBRE Group in the 1st quarter worth $336,000. Duality Advisers LP grew its position in CBRE Group by 226.0% during the 1st quarter. Duality Advisers LP now owns 10,001 shares of the financial services provider's stock worth $972,000 after purchasing an additional 6,933 shares during the period. Empirical Finance LLC grew its position in CBRE Group by 3.2% during the 1st quarter. Empirical Finance LLC now owns 11,502 shares of the financial services provider's stock worth $1,118,000 after purchasing an additional 362 shares during the period. Envestnet Portfolio Solutions Inc. grew its position in CBRE Group by 22.5% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 101,405 shares of the financial services provider's stock worth $9,861,000 after purchasing an additional 18,620 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in CBRE Group during the 1st quarter worth about $1,118,000. Hedge funds and other 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.