CBRE Group (NYSE:CBRE) Stock Rating Upgraded by Morgan Stanley

Morgan Stanley upgraded shares of CBRE Group (NYSE:CBRE - Free Report) from an equal weight rating to an overweight rating in a research report sent to investors on Wednesday, MarketBeat.com reports. The brokerage currently has $160.00 target price on the financial services provider's stock, up from their prior target price of $115.00.

Several other equities analysts have also recently issued reports on the stock. Citigroup boosted their target price on shares of CBRE Group from $130.00 to $160.00 and gave the company a "buy" rating in a research note on Monday, November 25th. Keefe, Bruyette & Woods increased their target price on CBRE Group from $125.00 to $138.00 and gave the company a "market perform" rating in a report on Tuesday, October 29th. JPMorgan Chase & Co. upgraded CBRE Group from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $120.00 to $163.00 in a report on Monday, December 16th. The Goldman Sachs Group began coverage on shares of CBRE Group in a report on Friday, December 6th. They set a "buy" rating and a $176.00 target price for the company. Finally, Jefferies Financial Group raised shares of CBRE Group from a "hold" rating to a "buy" rating and raised their price target for the stock from $133.00 to $152.00 in a research note on Thursday, January 2nd. Three research analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $145.44.

CBRE Group Stock Performance

CBRE Group stock traded up $6.64 during trading hours on Wednesday, hitting $131.55. 2,118,175 shares of the stock traded hands, compared to its average volume of 1,729,031. The firm's 50 day moving average price is $133.32 and its 200-day moving average price is $120.55. 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 stock has a market capitalization of $40.26 billion, a price-to-earnings ratio of 42.30 and a beta of 1.39. CBRE Group has a 1 year low of $82.75 and a 1 year high of $142.00.

CBRE Group (NYSE:CBRE - Get Free Report) last issued its earnings results on Thursday, October 24th. The financial services provider reported $1.20 EPS for the quarter, beating analysts' consensus estimates of $1.06 by $0.14. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. The firm had revenue of $9.04 billion for the quarter, compared to analyst estimates of $8.80 billion. During the same quarter in the prior year, the firm earned $0.72 earnings per share. CBRE Group's revenue for the quarter was up 14.8% on a year-over-year basis. As a group, equities analysts expect 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 on Friday, November 15th. The stock was 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 trade represents a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.54% of the stock is owned by insiders.

Institutional Trading of CBRE Group

A number of hedge funds and other institutional investors have recently modified their holdings of CBRE. Lindbrook Capital LLC lifted its position in CBRE Group by 4.7% in the third quarter. Lindbrook Capital LLC now owns 1,750 shares of the financial services provider's stock valued at $218,000 after buying an additional 79 shares during the last quarter. Stephens Inc. AR lifted its holdings in shares of CBRE Group by 3.1% in the 3rd quarter. Stephens Inc. AR now owns 2,640 shares of the financial services provider's stock worth $329,000 after acquiring an additional 80 shares during the last quarter. Fidelis Capital Partners LLC boosted its position in shares of CBRE Group by 2.1% during the 3rd quarter. Fidelis Capital Partners LLC now owns 3,994 shares of the financial services provider's stock worth $492,000 after purchasing an additional 82 shares during the period. Private Advisor Group LLC boosted its position in shares of CBRE Group by 1.2% during the 3rd quarter. Private Advisor Group LLC now owns 7,688 shares of the financial services provider's stock worth $957,000 after purchasing an additional 90 shares during the period. Finally, Community Bank & Trust Waco Texas increased its holdings in CBRE Group by 0.6% in the 3rd quarter. Community Bank & Trust Waco Texas now owns 15,280 shares of the financial services provider's stock valued at $1,902,000 after purchasing an additional 93 shares during the last quarter. 98.41% of the stock is owned by institutional investors and hedge funds.

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.