CBRE Group (NYSE:CBRE) PT Raised to $104.00

CBRE Group (NYSE:CBRE) had its price objective hoisted by investment analysts at Evercore ISI from $103.00 to $104.00 in a research note issued on Tuesday, Benzinga reports. The firm currently has an “in-line” rating on the financial services provider’s stock. Evercore ISI’s price target indicates a potential upside of 8.99% from the company’s previous close.

A number of other equities research analysts also recently issued reports on the company. StockNews.com raised CBRE Group from a “hold” rating to a “buy” rating in a research report on Monday, February 19th. Raymond James raised their price target on shares of CBRE Group from $95.00 to $103.00 and gave the company a “strong-buy” rating in a report on Thursday, January 25th. Keefe, Bruyette & Woods boosted their price objective on shares of CBRE Group from $96.00 to $100.00 and gave the stock a “market perform” rating in a research note on Friday, February 16th. Finally, TheStreet raised shares of CBRE Group from a “c+” rating to a “b-” rating in a research report on Thursday, January 25th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $96.67.

CBRE Group Trading Up 1.1 %

NYSE CBRE opened at $95.42 on Tuesday. The company has a market cap of $29.17 billion, a P/E ratio of 30.02 and a beta of 1.42. CBRE Group has a 12 month low of $64.63 and a 12 month high of $98.65. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.17 and a quick ratio of 1.17. The company has a 50-day moving average of $91.12 and a 200-day moving average of $83.51.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings results on Thursday, February 15th. The financial services provider reported $1.38 EPS for the quarter, topping the consensus estimate of $1.21 by $0.17. The firm had revenue of $8.95 billion during the quarter, compared to analyst estimates of $8.44 billion. CBRE Group had a net margin of 3.09% and a return on equity of 13.69%. CBRE Group’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.33 earnings per share. As a group, equities analysts predict that CBRE Group will post 4.55 earnings per share for the current year.

Insider Transactions at CBRE Group

In other CBRE Group news, CEO Chandra Dhandapani sold 11,925 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $94.03, for a total value of $1,121,307.75. Following the transaction, the chief executive officer now owns 127,064 shares in the company, valued at approximately $11,947,827.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other CBRE Group news, CEO Chandra Dhandapani sold 11,925 shares of CBRE Group stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $94.03, for a total transaction of $1,121,307.75. Following the sale, the chief executive officer now directly owns 127,064 shares in the company, valued at approximately $11,947,827.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Emma E. Giamartino sold 2,667 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $93.53, for a total value of $249,444.51. Following the completion of the transaction, the chief financial officer now directly owns 72,350 shares in the company, valued at $6,766,895.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 39,592 shares of company stock valued at $3,675,752. Corporate insiders own 0.53% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC increased its holdings in CBRE Group by 795.4% in the fourth quarter. SG Americas Securities LLC now owns 140,795 shares of the financial services provider’s stock valued at $13,107,000 after buying an additional 125,071 shares during the last quarter. DNB Asset Management AS increased its holdings in shares of CBRE Group by 37.9% in the 4th quarter. DNB Asset Management AS now owns 128,636 shares of the financial services provider’s stock valued at $11,975,000 after acquiring an additional 35,386 shares during the last quarter. Advisor Resource Council acquired a new stake in shares of CBRE Group during the 4th quarter valued at approximately $1,083,000. Sei Investments Co. lifted its stake in CBRE Group by 14.1% during the third quarter. Sei Investments Co. now owns 1,073,768 shares of the financial services provider’s stock worth $79,308,000 after purchasing an additional 132,748 shares during the last quarter. Finally, Nordea Investment Management AB boosted its holdings in CBRE Group by 2.8% in the fourth quarter. Nordea Investment Management AB now owns 21,548 shares of the financial services provider’s stock worth $2,014,000 after purchasing an additional 578 shares during the period. 98.41% of the stock is currently owned by 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.