Brokerages Set CBRE Group, Inc. (NYSE:CBRE) Target Price at $123.00

CBRE Group, Inc. (NYSE:CBRE - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the eight research firms that are currently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $123.00.

Several research analysts have issued reports on the company. Wolfe Research upgraded CBRE Group to a "strong-buy" rating in a report on Friday, August 16th. Evercore ISI lifted their price target on shares of CBRE Group from $123.00 to $132.00 and gave the company an "outperform" rating in a research report on Friday, October 4th. Keefe, Bruyette & Woods upped 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. Finally, Citigroup lifted their price objective on shares of CBRE Group from $130.00 to $160.00 and gave the company a "buy" rating in a report on Monday, November 25th.

Insider Buying and Selling

In related news, CEO Daniel G. Queenan sold 10,000 shares of the business's stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $114.67, for a total value of $1,146,700.00. Following the transaction, the chief executive officer now directly owns 217,094 shares of the company's stock, valued at approximately $24,894,168.98. The trade was a 4.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Emma E. Giamartino sold 1,815 shares of the firm's stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $131.34, for a total transaction of $238,382.10. Following the sale, the chief financial officer now owns 70,154 shares of the company's stock, valued at $9,214,026.36. This trade represents a 2.52 % decrease in their position. The disclosure for this sale can be found here. 0.54% of the stock is owned by corporate insiders.

Institutional Trading of CBRE Group

A number of large investors have recently bought and sold shares of CBRE. B. Riley Wealth Advisors Inc. increased its stake in shares of CBRE Group by 46.3% in the first quarter. B. Riley Wealth Advisors Inc. now owns 3,969 shares of the financial services provider's stock worth $386,000 after purchasing an additional 1,256 shares in the last quarter. Cetera Investment Advisers grew its position in shares of CBRE Group by 500.1% in the first quarter. Cetera Investment Advisers now owns 27,947 shares of the financial services provider's stock valued at $2,718,000 after purchasing an additional 23,290 shares in the last quarter. Cetera Advisors LLC raised its stake in shares of CBRE Group by 9.1% during the 1st quarter. Cetera Advisors LLC now owns 13,074 shares of the financial services provider's stock valued at $1,271,000 after purchasing an additional 1,090 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of CBRE Group by 44.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 533 shares of the financial services provider's stock valued at $52,000 after purchasing an additional 165 shares during the period. Finally, Transcend Capital Advisors LLC purchased a new stake in CBRE Group during the 2nd quarter worth about $527,000. 98.41% of the stock is owned by hedge funds and other institutional investors.

CBRE Group Trading Down 1.1 %

Shares of NYSE:CBRE traded down $1.60 during mid-day trading on Monday, hitting $138.39. The company had a trading volume of 1,970,927 shares, compared to its average volume of 1,688,134. 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 has a one year low of $80.59 and a one year high of $142.00. The firm has a fifty day moving average price of $128.80 and a 200 day moving average price of $110.59. The company has a market capitalization of $42.35 billion, a PE ratio of 45.01 and a beta of 1.39.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.20 earnings per share for the quarter, beating the consensus estimate 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 previous year, the firm posted $0.72 earnings per share. The business's revenue was up 14.8% compared to the same quarter last year. As a group, research analysts forecast that CBRE Group will post 4.99 EPS 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.