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

CBRE Group (NYSE:CBRE) had its target price raised by Keefe, Bruyette & Woods from $125.00 to $138.00 in a report published on Tuesday morning, Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the financial services provider’s stock.

Several other research firms have also recently commented on CBRE. Evercore ISI raised their price target 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 report on Friday, August 16th. UBS Group decreased their target price on shares of CBRE Group from $100.00 to $95.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 3rd. Raymond James increased their price target on shares of CBRE Group from $122.00 to $124.00 and gave the company a “strong-buy” rating in a report on Thursday, July 25th. Finally, Morgan Stanley began coverage on shares of CBRE Group in a report on Thursday, July 25th. They set an “equal weight” rating and a $105.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $116.83.

CBRE Group Stock Down 0.6 %

Shares of CBRE Group stock opened at $130.18 on Tuesday. CBRE Group has a one year low of $71.09 and a one year high of $136.06. The company has a market cap of $39.84 billion, a P/E ratio of 41.86 and a beta of 1.40. 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 has a fifty day moving average of $121.64 and a two-hundred day moving average of $103.64.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.14. The business 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 13.91%. The business’s revenue was up 14.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.72 earnings per share. On average, analysts forecast that CBRE Group will post 5.03 earnings per share for the current year.

Insider Buying and Selling

In other CBRE Group news, Director Christopher T. Jenny sold 10,847 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $112.00, for a total transaction of $1,214,864.00. Following the completion of the transaction, the director now directly owns 51,244 shares in the company, valued at approximately $5,739,328. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CFO Emma E. Giamartino sold 3,311 shares of the business’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $108.89, for a total value of $360,534.79. Following the completion of the transaction, the chief financial officer now directly owns 71,969 shares of the company’s stock, valued at $7,836,704.41. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Christopher T. Jenny sold 10,847 shares of the 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 sale, the director now directly owns 51,244 shares in the company, valued at approximately $5,739,328. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,232 shares of company stock worth $2,839,047 in the last three months. Corporate insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CBRE. American National Bank & Trust acquired a new position in shares of CBRE Group in the third quarter valued at approximately $28,000. Benjamin F. Edwards & Company Inc. grew its stake in CBRE Group by 190.3% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 328 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 215 shares during the period. Crewe Advisors LLC acquired a new position in CBRE Group in the 1st quarter valued at $30,000. Wolff Wiese Magana LLC lifted its stake in shares of CBRE Group by 2,830.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 283 shares during the period. Finally, Asset Dedication LLC acquired a new stake in shares of CBRE Group during the third quarter worth $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.