CBRE Group (NYSE:CBRE) Given New $138.00 Price Target at Keefe, Bruyette & Woods

CBRE Group (NYSE:CBRE - Get Free Report) had its price target raised by stock analysts at Keefe, Bruyette & Woods from $125.00 to $138.00 in a research note issued on Tuesday, Benzinga reports. The brokerage presently has a "market perform" rating on the financial services provider's stock. Keefe, Bruyette & Woods' price target suggests a potential upside of 5.42% from the stock's previous close.

A number of other research analysts have also recently issued reports on CBRE. UBS Group dropped their target price on shares of CBRE Group from $100.00 to $95.00 and set a "neutral" rating for the company in a report on Wednesday, July 3rd. Morgan Stanley started coverage on CBRE Group in a research report on Thursday, July 25th. They set an "equal weight" rating and a $105.00 target price on the stock. Evercore ISI upped their target price on CBRE Group from $123.00 to $132.00 and gave the company an "outperform" rating in a report on Friday, October 4th. Wolfe Research raised CBRE Group to a "strong-buy" rating in a research note on Friday, August 16th. Finally, Raymond James increased their price objective on shares of CBRE Group from $122.00 to $124.00 and gave the company a "strong-buy" rating in a research note on Thursday, July 25th. Five analysts have rated the stock with a hold rating, one has issued a buy rating and two have 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 a consensus price target of $116.83.

CBRE Group Price Performance

Shares of CBRE Group stock traded down $0.68 during trading on Tuesday, reaching $130.91. The company's stock had a trading volume of 3,146,904 shares, compared to its average volume of 1,661,625. The business has a 50 day moving average price of $120.62 and a 200-day moving average price of $102.94. CBRE Group has a 12-month low of $66.12 and a 12-month high of $136.06. The company has a market capitalization of $40.17 billion, a P/E ratio of 40.78 and a beta of 1.40. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.36.

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, topping the consensus estimate of $1.06 by $0.14. The company had revenue of $9.04 billion for the quarter, compared to analyst estimates of $8.80 billion. CBRE Group had a net margin of 2.79% and a return on equity of 12.74%. The business's revenue was up 14.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.72 EPS. As a group, sell-side analysts anticipate that CBRE Group will post 4.81 EPS for the current year.

Insider Activity at CBRE Group

In related news, Director Christopher T. Jenny sold 10,847 shares of the business's stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $112.00, for a total value of $1,214,864.00. Following the completion of the transaction, the director now owns 51,244 shares of the company's stock, valued at approximately $5,739,328. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other CBRE Group news, CEO Daniel G. Queenan sold 10,000 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $114.67, for a total transaction of $1,146,700.00. Following the transaction, the chief executive officer now owns 217,094 shares of the company's stock, valued at $24,894,168.98. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Christopher T. Jenny sold 10,847 shares of CBRE Group stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $112.00, for a total value of $1,214,864.00. Following the completion of the sale, the director now directly owns 51,244 shares of the company's stock, valued at approximately $5,739,328. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,232 shares of company stock valued at $2,839,047 over the last quarter. Insiders own 0.54% of the company's stock.

Hedge Funds Weigh In On CBRE Group

Several large investors have recently added to or reduced their stakes in CBRE. American National Bank & Trust acquired a new position in shares of CBRE Group during the 3rd quarter valued at about $28,000. Benjamin F. Edwards & Company Inc. increased its position in CBRE Group by 190.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 328 shares of the financial services provider's stock worth $29,000 after purchasing an additional 215 shares during the last quarter. Crewe Advisors LLC purchased a new position in CBRE Group during the first quarter worth approximately $30,000. Wolff Wiese Magana LLC boosted its holdings in shares of CBRE Group by 2,830.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider's stock valued at $36,000 after purchasing an additional 283 shares during the last quarter. Finally, Asset Dedication LLC purchased a new stake in shares of CBRE Group during the 3rd quarter valued at $40,000. 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.