CBRE Group (NYSE:CBRE) PT Lowered to $95.00 at UBS Group

CBRE Group (NYSE:CBRE) had its target price trimmed by UBS Group from $100.00 to $95.00 in a research note released on Wednesday morning, Benzinga reports. The firm currently has a neutral rating on the financial services provider’s stock.

Several other analysts also recently weighed in on the stock. Jefferies Financial Group began coverage on shares of CBRE Group in a report on Wednesday, April 10th. They issued a hold rating and a $107.00 target price for the company. Evercore ISI boosted their price target on shares of CBRE Group from $103.00 to $104.00 and gave the stock an in-line rating in a research note on Tuesday, April 2nd. Finally, StockNews.com downgraded shares of CBRE Group from a buy rating to a hold rating in a research note on Wednesday, May 1st. Five research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of Hold and a consensus price target of $101.17.

CBRE Group Stock Down 0.2 %

CBRE stock opened at $87.21 on Wednesday. The company has a market cap of $26.76 billion, a price-to-earnings ratio of 27.17 and a beta of 1.40. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.36. CBRE Group has a 12 month low of $64.63 and a 12 month high of $98.65. The firm has a 50-day moving average of $87.97 and a two-hundred day moving average of $89.44.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings results on Friday, May 3rd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.09. The business had revenue of $7.94 billion during the quarter, compared to the consensus estimate of $7.94 billion. CBRE Group had a net margin of 3.06% and a return on equity of 12.96%. The business’s revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.92 EPS. As a group, analysts forecast that CBRE Group will post 4.5 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CBRE Group

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Massmutual Trust Co. FSB ADV raised its holdings in CBRE Group by 18.0% during the second quarter. Massmutual Trust Co. FSB ADV now owns 1,023 shares of the financial services provider’s stock worth $91,000 after purchasing an additional 156 shares in the last quarter. GAMMA Investing LLC raised its holdings in CBRE Group by 87.3% during the second quarter. GAMMA Investing LLC now owns 4,115 shares of the financial services provider’s stock worth $367,000 after purchasing an additional 1,918 shares in the last quarter. Transcend Capital Advisors LLC purchased a new position in CBRE Group during the second quarter worth about $527,000. EverSource Wealth Advisors LLC raised its holdings in CBRE Group by 44.8% during the first quarter. EverSource Wealth Advisors LLC now owns 533 shares of the financial services provider’s stock worth $52,000 after purchasing an additional 165 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale raised its holdings in CBRE Group by 2.2% during the first quarter. DekaBank Deutsche Girozentrale now owns 425,203 shares of the financial services provider’s stock worth $40,878,000 after purchasing an additional 9,209 shares in the last quarter. 98.41% of the stock is owned by hedge funds and other institutional investors.

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.