CBRE Group (NYSE:CBRE) Rating Increased to Buy at Jefferies Financial Group

Jefferies Financial Group upgraded shares of CBRE Group (NYSE:CBRE - Free Report) from a hold rating to a buy rating in a research report released on Thursday, Marketbeat.com reports. They currently have $152.00 target price on the financial services provider's stock, up from their previous target price of $133.00.

Several other brokerages also recently weighed in on CBRE. Keefe, Bruyette & Woods lifted their price objective on shares of CBRE Group from $125.00 to $138.00 and gave the company a "market perform" rating in a research report on Tuesday, October 29th. Citigroup raised their price target on CBRE Group from $130.00 to $160.00 and gave the company a "buy" rating in a report on Monday, November 25th. JPMorgan Chase & Co. upgraded shares of CBRE Group from a "neutral" rating to an "overweight" rating and increased their target price for the company from $120.00 to $163.00 in a research report on Monday, December 16th. Evercore ISI increased 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. Finally, The Goldman Sachs Group started coverage on CBRE Group in a report on Friday, December 6th. They set a "buy" rating and a $176.00 target price on the stock. Four research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, CBRE Group currently has an average rating of "Moderate Buy" and an average price target of $138.33.

CBRE Group Stock Performance

Shares of CBRE Group stock traded down $1.39 during trading hours on Thursday, reaching $129.90. The company's stock had a trading volume of 1,229,803 shares, compared to its average volume of 1,708,194. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.13. CBRE Group has a one year low of $82.75 and a one year high of $142.00. The company's 50 day simple moving average is $133.92 and its 200 day simple moving average is $117.94. The stock has a market cap of $39.75 billion, a P/E ratio of 41.77 and a beta of 1.39.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its earnings results on Thursday, October 24th. The financial services provider reported $1.20 EPS for the quarter, beating the consensus estimate of $1.06 by $0.14. The company had revenue of $9.04 billion during the quarter, compared to analyst estimates of $8.80 billion. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. The business's revenue was up 14.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.72 earnings per share. As a group, analysts expect that CBRE Group will post 4.99 EPS for the current fiscal year.

Insider Activity

In related news, CFO Emma E. Giamartino sold 1,815 shares of the company's stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $131.34, for a total transaction of $238,382.10. Following the completion of the sale, the chief financial officer now owns 70,154 shares of the company's stock, valued at $9,214,026.36. This represents a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.54% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CBRE. FMR LLC increased its holdings in CBRE Group by 85.6% in the third quarter. FMR LLC now owns 7,587,042 shares of the financial services provider's stock worth $944,435,000 after purchasing an additional 3,498,244 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its stake in shares of CBRE Group by 60.2% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,645,569 shares of the financial services provider's stock valued at $329,320,000 after acquiring an additional 993,963 shares in the last quarter. State Street Corp lifted its position in shares of CBRE Group by 5.4% during the 3rd quarter. State Street Corp now owns 13,433,513 shares of the financial services provider's stock valued at $1,672,204,000 after acquiring an additional 692,697 shares during the period. Eminence Capital LP boosted its stake in CBRE Group by 42.6% during the second quarter. Eminence Capital LP now owns 1,518,203 shares of the financial services provider's stock worth $135,287,000 after acquiring an additional 453,406 shares in the last quarter. Finally, Maverick Capital Ltd. acquired a new stake in CBRE Group in the second quarter worth $36,820,000. 98.41% of the stock is owned by institutional investors.

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.