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

CBRE Group, Inc. (NYSE:CBRE - Get Free Report) has received an average rating of "Moderate Buy" from the seven research firms that are presently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $116.83.

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

Insider Buying and Selling at CBRE Group

In other news, COO Vikramaditya Kohli sold 1,074 shares of the firm's stock in a transaction on Monday, August 12th. The shares were sold at an average price of $108.89, for a total transaction of $116,947.86. Following the sale, the chief operating officer now owns 69,226 shares in the company, valued at approximately $7,538,019.14. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, COO Vikramaditya Kohli sold 1,074 shares of CBRE Group 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 transaction, the chief operating officer now owns 69,226 shares in the company, valued at $7,538,019.14. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Emma E. Giamartino sold 3,311 shares of CBRE Group 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 transaction, the chief financial officer now owns 71,969 shares in the company, valued at approximately $7,836,704.41. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,232 shares of company stock valued at $2,839,047 in the last three months. Company insiders own 0.54% of the company's stock.

Hedge Funds Weigh In On CBRE Group

Large investors have recently added to or reduced their stakes in the business. American National Bank & Trust purchased a new position in CBRE Group in the 3rd quarter worth $28,000. Benjamin F. Edwards & Company Inc. increased its position in shares of CBRE Group by 190.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 328 shares of the financial services provider's stock valued at $29,000 after acquiring an additional 215 shares during the period. Crewe Advisors LLC purchased a new position in shares of CBRE Group in the first quarter valued at about $30,000. Ashton Thomas Securities LLC purchased a new position in shares of CBRE Group in the third quarter valued at about $32,000. Finally, Wolff Wiese Magana LLC increased its position in shares of CBRE Group by 2,830.0% in the third quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider's stock valued at $36,000 after acquiring an additional 283 shares during the period. Hedge funds and other institutional investors own 98.41% of the company's stock.

CBRE Group Stock Performance

Shares of CBRE Group stock traded up $1.88 on Thursday, reaching $131.28. 323,279 shares of the company traded hands, compared to its average volume of 1,652,869. CBRE Group has a 52 week low of $71.96 and a 52 week high of $136.92. The company 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 $40.17 billion, a PE ratio of 41.61 and a beta of 1.39. 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, beating analysts' consensus estimates of $1.06 by $0.14. CBRE Group had a net margin of 2.79% and a return on equity of 13.91%. The firm had revenue of $9.04 billion during the quarter, compared to the consensus estimate of $8.80 billion. During the same period in the prior year, the firm earned $0.72 EPS. The company's revenue was up 14.8% compared to the same quarter last year. Equities analysts forecast that CBRE Group will post 5.03 earnings per share for the current 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.