CBRE Group (NYSE:CBRE) Upgraded at JPMorgan Chase & Co.

CBRE Group (NYSE:CBRE - Get Free Report) was upgraded by stock analysts at JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating in a research report issued to clients and investors on Monday, MarketBeat reports. The brokerage currently has a $163.00 price objective on the financial services provider's stock, up from their previous price objective of $120.00. JPMorgan Chase & Co.'s price target points to a potential upside of 18.18% from the stock's current price.

CBRE has been the subject of a number of other research reports. Keefe, Bruyette & Woods raised their price target on 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 target price 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. Evercore ISI upped their price target 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 initiated coverage on shares of CBRE Group in a research note on Friday, December 6th. They set a "buy" rating and a $176.00 price objective for the company. Five analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, CBRE Group presently has an average rating of "Moderate Buy" and an average price target of $133.33.

CBRE Group Price Performance

NYSE:CBRE traded up $0.63 during trading hours on Monday, hitting $137.93. The company's stock had a trading volume of 2,604,583 shares, compared to its average volume of 1,694,120. CBRE Group has a 52-week low of $82.75 and a 52-week high of $142.00. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.13. The business's 50-day moving average is $131.69 and its two-hundred day moving average is $114.02. The company has a market capitalization of $42.21 billion, a PE ratio of 44.79 and a beta of 1.39.

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

Insiders Place Their Bets

In other CBRE Group news, 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 value of $238,382.10. Following the sale, the chief financial officer now directly owns 70,154 shares of the company's stock, valued at approximately $9,214,026.36. This trade represents a 2.52 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.54% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. State Street Corp increased its position in CBRE Group by 5.4% during the third quarter. State Street Corp now owns 13,433,513 shares of the financial services provider's stock worth $1,672,204,000 after purchasing an additional 692,697 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of CBRE Group by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 7,658,495 shares of the financial services provider's stock valued at $950,270,000 after buying an additional 56,888 shares during the period. FMR LLC increased its holdings in shares of CBRE Group by 85.6% during the 3rd quarter. FMR LLC now owns 7,587,042 shares of the financial services provider's stock worth $944,435,000 after buying an additional 3,498,244 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of CBRE Group by 3.9% in the 3rd quarter. Principal Financial Group Inc. now owns 7,424,671 shares of the financial services provider's stock worth $924,223,000 after buying an additional 277,922 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its holdings in CBRE Group by 0.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 6,136,802 shares of the financial services provider's stock valued at $763,909,000 after acquiring an additional 49,732 shares during the last quarter. 98.41% of the stock is currently owned by hedge funds and other 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.