Brokerages Set CBRE Group, Inc. (NYSE:CBRE) Target Price at $110.29

Shares of CBRE Group, Inc. (NYSE:CBRE) have been given an average recommendation of “Moderate Buy” by the eight brokerages that are presently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $110.29.

A number of equities analysts recently weighed in on CBRE shares. Raymond James upped their target price on shares of CBRE Group from $122.00 to $124.00 and gave the stock a “strong-buy” rating in a research report on Thursday, July 25th. Wolfe Research raised shares of CBRE Group to a “strong-buy” rating in a report on Friday, August 16th. Morgan Stanley started coverage on CBRE Group in a report on Thursday, July 25th. They issued an “equal weight” rating and a $105.00 target price on the stock. Keefe, Bruyette & Woods boosted their target price on CBRE Group from $110.00 to $120.00 and gave the stock a “market perform” rating in a research report on Thursday, August 1st. Finally, Evercore ISI upgraded CBRE Group from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $100.00 to $123.00 in a research report on Friday, July 26th.

Insider Buying and Selling at CBRE Group

In other CBRE Group news, COO Vikramaditya Kohli sold 1,074 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $108.89, for a total transaction of $116,947.86. Following the sale, the chief operating officer now directly owns 69,226 shares in the company, valued at $7,538,019.14. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other CBRE Group news, COO Vikramaditya Kohli sold 1,074 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $108.89, for a total transaction of $116,947.86. Following the sale, the chief operating officer now directly owns 69,226 shares in the company, valued at $7,538,019.14. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Christopher T. Jenny sold 10,847 shares of the company’s stock in a transaction that occurred 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 sale, the director now owns 51,244 shares in the company, valued at $5,739,328. The disclosure for this sale can be found here. Insiders have sold a total of 17,232 shares of company stock worth $1,912,087 over the last ninety days. Company insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On CBRE Group

Several hedge funds and other institutional investors have recently modified their holdings of the business. Ariadne Wealth Management LP purchased a new stake in shares of CBRE Group in the second quarter worth approximately $101,000. Cetera Investment Advisers raised its holdings in shares of CBRE Group by 0.6% in the second quarter. Cetera Investment Advisers now owns 28,109 shares of the financial services provider’s stock worth $2,505,000 after buying an additional 162 shares during the period. 3Chopt Investment Partners LLC purchased a new stake in shares of CBRE Group in the second quarter worth approximately $844,000. EP Wealth Advisors LLC raised its holdings in shares of CBRE Group by 5.2% in the second quarter. EP Wealth Advisors LLC now owns 3,063 shares of the financial services provider’s stock worth $273,000 after buying an additional 152 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of CBRE Group by 2.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 16,704 shares of the financial services provider’s stock worth $1,488,000 after buying an additional 394 shares during the period. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

CBRE Group Price Performance

NYSE:CBRE opened at $115.14 on Friday. The business’s 50-day simple moving average is $102.49 and its two-hundred day simple moving average is $94.52. CBRE Group has a 52 week low of $64.63 and a 52 week high of $118.39. The stock has a market cap of $35.33 billion, a PE ratio of 35.87 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) last issued its earnings results on Thursday, July 25th. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.12. CBRE Group had a return on equity of 12.74% and a net margin of 2.79%. The company had revenue of $8.39 billion for the quarter, compared to the consensus estimate of $8.31 billion. During the same quarter last year, the company earned $0.82 EPS. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. As a group, analysts forecast that CBRE Group will post 4.84 EPS for the current fiscal year.

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.