CBRE Group, Inc. (NYSE:CBRE) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Shares of CBRE Group, Inc. (NYSE:CBRE - Get Free Report) have been given an average rating of "Moderate Buy" by the ten research firms that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $147.44.

CBRE has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods boosted their price target on shares of CBRE Group from $142.00 to $145.00 and gave the company a "market perform" rating in a report on Friday, February 14th. Raymond James lowered CBRE Group from a "strong-buy" rating to an "outperform" rating and reduced their target price for the company from $155.00 to $152.00 in a report on Friday, January 24th. Jefferies Financial Group upgraded CBRE Group from a "hold" rating to a "buy" rating and lifted their price target for the company from $133.00 to $152.00 in a report on Thursday, January 2nd. Morgan Stanley increased their price objective on CBRE Group from $160.00 to $165.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 19th. Finally, Evercore ISI lowered their target price on CBRE Group from $147.00 to $141.00 and set an "outperform" rating on the stock in a research note on Monday, January 13th.

Insider Activity at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 2,000 shares of the firm's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $125.69, for a total transaction of $251,380.00. Following the transaction, the chief financial officer now directly owns 107,343 shares in the company, valued at $13,491,941.67. This trade represents a 1.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Chad J. Doellinger sold 797 shares of the company's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $126.31, for a total value of $100,669.07. Following the sale, the insider now owns 28,735 shares of the company's stock, valued at approximately $3,629,517.85. This trade represents a 2.70 % decrease in their position. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by company insiders.

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Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Principal Financial Group Inc. raised its position in shares of CBRE Group by 3.9% in the third quarter. Principal Financial Group Inc. now owns 7,424,671 shares of the financial services provider's stock valued at $924,223,000 after purchasing an additional 277,922 shares during the period. Verition Fund Management LLC grew its stake in CBRE Group by 33.5% in the 3rd quarter. Verition Fund Management LLC now owns 13,422 shares of the financial services provider's stock valued at $1,671,000 after buying an additional 3,370 shares during the last quarter. Hilltop Holdings Inc. bought a new position in CBRE Group in the 3rd quarter worth $442,000. Integrated Wealth Concepts LLC acquired a new position in CBRE Group during the 3rd quarter worth $208,000. Finally, Royal London Asset Management Ltd. boosted its holdings in CBRE Group by 3.4% during the third quarter. Royal London Asset Management Ltd. now owns 129,750 shares of the financial services provider's stock valued at $16,151,000 after acquiring an additional 4,248 shares during the period. 98.41% of the stock is owned by institutional investors.

CBRE Group Price Performance

Shares of NYSE CBRE traded down $4.59 during mid-day trading on Friday, reaching $116.69. The company had a trading volume of 2,613,297 shares, compared to its average volume of 1,804,484. The company has a 50-day moving average price of $133.15 and a two-hundred day moving average price of $132.30. The stock has a market cap of $34.99 billion, a PE ratio of 37.16 and a beta of 1.26. The company has a current ratio of 1.07, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35. CBRE Group has a 1-year low of $84.24 and a 1-year high of $147.75.

CBRE Group (NYSE:CBRE - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share for the quarter, topping analysts' consensus estimates of $2.20 by $0.12. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. On average, equities analysts anticipate that CBRE Group will post 5.99 earnings per share for the current year.

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.