The Goldman Sachs Group Initiates Coverage on CBRE Group (NYSE:CBRE)

Research analysts at The Goldman Sachs Group initiated coverage on shares of CBRE Group (NYSE:CBRE - Get Free Report) in a research report issued to clients and investors on Friday, MarketBeat Ratings reports. The firm set a "buy" rating and a $176.00 price target on the financial services provider's stock. The Goldman Sachs Group's target price suggests a potential upside of 27.65% from the company's current price.

Other research analysts have also recently issued research reports about the stock. Evercore ISI lifted their price objective on shares of CBRE Group from $123.00 to $132.00 and gave the company an "outperform" rating in a report on Friday, October 4th. Keefe, Bruyette & Woods lifted 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. Wolfe Research upgraded CBRE Group to a "strong-buy" rating in a research report on Friday, August 16th. Finally, Citigroup boosted their price objective on CBRE Group from $130.00 to $160.00 and gave the company a "buy" rating in a research report on Monday, November 25th. Five analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $129.63.

CBRE Group Stock Performance

CBRE traded up $1.46 during trading on Friday, reaching $137.88. 1,131,192 shares of the company's stock were exchanged, compared to its average volume of 1,685,816. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.13 and a quick ratio of 1.13. The company's fifty day simple moving average is $129.97 and its 200-day simple moving average is $111.60. CBRE Group has a 1 year low of $80.97 and a 1 year high of $142.00. The stock has a market capitalization of $42.19 billion, a P/E ratio of 44.33 and a beta of 1.39.

CBRE Group (NYSE:CBRE - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.14. The business had revenue of $9.04 billion during 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 revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.72 EPS. As a group, research analysts predict that CBRE Group will post 4.99 earnings per share for the current fiscal year.

Insider Buying and Selling at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 1,815 shares of the firm's stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $131.34, for a total value of $238,382.10. Following the transaction, the chief financial officer now directly 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.54% of the stock is currently owned by insiders.

Institutional Investors Weigh In On CBRE Group

A number of large investors have recently made changes to their positions in CBRE. Cetera Investment Advisers grew its holdings in CBRE Group by 500.1% in the 1st quarter. Cetera Investment Advisers now owns 27,947 shares of the financial services provider's stock valued at $2,718,000 after buying an additional 23,290 shares in the last quarter. Cetera Advisors LLC boosted its position 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 acquiring an additional 1,090 shares during the last quarter. MJP Associates Inc. ADV grew its holdings in shares of CBRE Group by 19.6% in the second quarter. MJP Associates Inc. ADV now owns 9,731 shares of the financial services provider's stock valued at $867,000 after purchasing an additional 1,596 shares during the period. Czech National Bank increased its position in CBRE Group by 9.8% during the second quarter. Czech National Bank now owns 57,473 shares of the financial services provider's stock worth $5,121,000 after purchasing an additional 5,125 shares during the last quarter. Finally, Sequoia Financial Advisors LLC raised its stake in CBRE Group by 2.4% during the second quarter. Sequoia Financial Advisors LLC now owns 7,659 shares of the financial services provider's stock worth $683,000 after purchasing an additional 180 shares during the period. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

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.