Keefe, Bruyette & Woods Lowers CBRE Group (NYSE:CBRE) Price Target to $129.00

CBRE Group (NYSE:CBRE - Free Report) had its target price cut by Keefe, Bruyette & Woods from $145.00 to $129.00 in a research note issued to investors on Thursday morning,Benzinga reports. They currently have a market perform rating on the financial services provider's stock.

A number of other equities analysts have also recently commented on the stock. JPMorgan Chase & Co. cut their target price on shares of CBRE Group from $163.00 to $141.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. Jefferies Financial Group raised 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 report on Thursday, January 2nd. Evercore ISI decreased their price objective on CBRE Group from $147.00 to $141.00 and set an "outperform" rating for the company in a research report on Monday, January 13th. StockNews.com downgraded CBRE Group from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Finally, Raymond James cut shares of CBRE Group from a "strong-buy" rating to an "outperform" rating and dropped their price objective for the company from $155.00 to $152.00 in a research note on Friday, January 24th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $149.56.

CBRE Group Stock Up 1.7 %

Shares of NYSE:CBRE traded up $1.91 on Thursday, hitting $117.47. 736,267 shares of the company's stock were exchanged, compared to its average volume of 1,808,740. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.07. CBRE Group has a 1-year low of $84.24 and a 1-year high of $147.75. The company has a market capitalization of $35.22 billion, a PE ratio of 37.41 and a beta of 1.26. The firm's 50-day moving average is $129.46 and its 200 day moving average is $132.07.

CBRE Group (NYSE:CBRE - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.12. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. Sell-side analysts predict that CBRE Group will post 5.99 EPS for the current year.

Insider Transactions at CBRE Group

In other CBRE Group news, insider Chad J. Doellinger sold 797 shares of the business's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $126.31, for a total value of $100,669.07. Following the completion of the transaction, the insider now directly owns 28,735 shares in the company, valued at approximately $3,629,517.85. The trade was a 2.70 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Emma E. Giamartino sold 2,000 shares of CBRE Group stock in a transaction on Monday, March 17th. The shares were sold at an average price of $125.69, for a total value of $251,380.00. Following the completion of the sale, the chief financial officer now directly owns 107,343 shares of the company's stock, valued at approximately $13,491,941.67. This represents a 1.83 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.42% of the company's stock.

Institutional Trading of CBRE Group

Hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its position in shares of CBRE Group by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 7,904,316 shares of the financial services provider's stock worth $1,035,229,000 after acquiring an additional 245,821 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of CBRE Group by 2.4% in the 4th quarter. Principal Financial Group Inc. now owns 7,601,790 shares of the financial services provider's stock valued at $998,039,000 after purchasing an additional 177,119 shares during the last quarter. Cantillon Capital Management LLC grew its stake in shares of CBRE Group by 0.5% during the 4th quarter. Cantillon Capital Management LLC now owns 4,748,386 shares of the financial services provider's stock valued at $623,416,000 after buying an additional 25,142 shares during the period. Franklin Resources Inc. raised its position in shares of CBRE Group by 17.3% in the 4th quarter. Franklin Resources Inc. now owns 4,100,770 shares of the financial services provider's stock worth $538,390,000 after buying an additional 605,403 shares during the period. Finally, Artisan Partners Limited Partnership boosted its holdings in CBRE Group by 290.0% in the fourth quarter. Artisan Partners Limited Partnership now owns 4,050,089 shares of the financial services provider's stock valued at $531,736,000 after acquiring an additional 3,011,566 shares during the last quarter. 98.41% of the stock is owned by institutional investors and hedge funds.

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.