CBRE Group (NYSE:CBRE) Hits New 12-Month High – Should You Buy?

CBRE Group, Inc. (NYSE:CBRE)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $138.91 and last traded at $138.85, with a volume of 18870 shares changing hands. The stock had previously closed at $135.43.

Wall Street Analyst Weigh In

Several research firms recently commented on CBRE. Keefe, Bruyette & Woods boosted their price objective on shares of CBRE Group from $125.00 to $138.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 29th. Evercore ISI boosted their target price on shares of CBRE Group from $123.00 to $132.00 and gave the company an “outperform” rating in a research note on Friday, October 4th. Finally, Wolfe Research upgraded shares of CBRE Group to a “strong-buy” rating in a research note on Friday, August 16th. Five analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $116.83.

CBRE Group Price Performance

The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.13. The firm’s fifty day moving average is $126.83 and its two-hundred day moving average is $108.80. The company has a market cap of $42.71 billion, a P/E ratio of 43.55 and a beta of 1.39.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.20 EPS for the quarter, topping 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 company had revenue of $9.04 billion for the quarter, compared to analysts’ expectations of $8.80 billion. During the same period in the previous year, the firm earned $0.72 EPS. The firm’s revenue was up 14.8% compared to the same quarter last year. As a group, analysts anticipate that CBRE Group, Inc. will post 4.94 earnings per share for the current fiscal year.

Insider Buying and Selling at CBRE Group

In other news, CEO Daniel G. Queenan sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $114.67, for a total value of $1,146,700.00. Following the sale, the chief executive officer now directly owns 217,094 shares in the company, valued at approximately $24,894,168.98. This trade represents a 4.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Emma E. Giamartino sold 1,815 shares of CBRE Group 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 transaction, the chief financial officer now directly owns 70,154 shares in the company, valued at $9,214,026.36. This represents a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by company insiders.

Institutional Trading of CBRE Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Canton Hathaway LLC acquired a new position in shares of CBRE Group in the third quarter worth about $27,000. American National Bank & Trust acquired a new position in shares of CBRE Group during the third quarter valued at approximately $28,000. Ashton Thomas Securities LLC purchased a new position in CBRE Group in the 3rd quarter valued at $32,000. Wolff Wiese Magana LLC grew its holdings in shares of CBRE Group by 2,830.0% during the third quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider’s stock worth $36,000 after buying an additional 283 shares in the last quarter. Finally, Asset Dedication LLC acquired a new position in CBRE Group during the third quarter worth about $40,000. Institutional investors and hedge funds own 98.41% of the company’s stock.

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.