CBRE Group (NYSE:CBRE) Downgraded to “Hold” at StockNews.com

StockNews.com cut shares of CBRE Group (NYSE:CBRE) from a buy rating to a hold rating in a research report released on Thursday morning.

A number of other equities research analysts also recently commented on CBRE. Keefe, Bruyette & Woods upped their price objective on CBRE Group from $96.00 to $100.00 and gave the company a market perform rating in a report on Friday, February 16th. Evercore ISI increased their price target on shares of CBRE Group from $103.00 to $104.00 and gave the company an in-line rating in a research report on Tuesday. TheStreet upgraded shares of CBRE Group from a c+ rating to a b- rating in a report on Thursday, January 25th. Finally, Raymond James increased their target price on shares of CBRE Group from $95.00 to $103.00 and gave the stock a strong-buy rating in a report on Thursday, January 25th. Four research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, CBRE Group has an average rating of Moderate Buy and a consensus target price of $96.67.

CBRE Group Stock Up 0.0 %

Shares of NYSE:CBRE opened at $95.46 on Thursday. 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 stock has a market cap of $29.18 billion, a price-to-earnings ratio of 30.11 and a beta of 1.42. The company has a 50 day moving average of $91.31 and a 200-day moving average of $83.60. CBRE Group has a one year low of $64.63 and a one year high of $98.65.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings data on Thursday, February 15th. The financial services provider reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.17. The firm had revenue of $8.95 billion for the quarter, compared to analysts’ expectations of $8.44 billion. CBRE Group had a net margin of 3.09% and a return on equity of 13.69%. The business’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same period last year, the firm earned $1.33 earnings per share. On average, sell-side analysts forecast that CBRE Group will post 4.55 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Chandra Dhandapani sold 11,925 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 127,064 shares in the company, valued at $11,947,827.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other CBRE Group news, CEO Chandra Dhandapani sold 11,925 shares of CBRE Group stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $94.03, for a total value of $1,121,307.75. Following the sale, the chief executive officer now owns 127,064 shares of the company’s stock, valued at approximately $11,947,827.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO John E. Durburg sold 25,000 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $92.20, for a total value of $2,305,000.00. Following the transaction, the chief executive officer now directly owns 207,856 shares of the company’s stock, valued at $19,164,323.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 39,592 shares of company stock worth $3,675,752. Company insiders own 0.53% of the company’s stock.

Hedge Funds Weigh In On CBRE Group

Several hedge funds have recently made changes to their positions in the business. Nomura Holdings Inc. bought a new stake in shares of CBRE Group in the fourth quarter worth $5,036,000. HighPoint Advisor Group LLC bought a new stake in CBRE Group during the 4th quarter worth about $289,000. Grayhawk Investment Strategies Inc. bought a new stake in CBRE Group during the 4th quarter worth about $893,000. Spartan Planning & Wealth Management acquired a new position in shares of CBRE Group during the 4th quarter worth about $78,000. Finally, SageView Advisory Group LLC bought a new position in shares of CBRE Group in the 4th quarter valued at about $230,000. 98.41% of the stock is 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.