Keefe, Bruyette & Woods Boosts CBRE Group (NYSE:CBRE) Price Target to $120.00

CBRE Group (NYSE:CBRE) had its price objective boosted by Keefe, Bruyette & Woods from $110.00 to $120.00 in a research note published on Thursday, Benzinga reports. They currently have a market perform rating on the financial services provider’s stock.

Several other equities research analysts have also weighed in on the company. Morgan Stanley initiated coverage on CBRE Group in a research note on Thursday, July 25th. They issued an equal weight rating and a $105.00 price objective on the stock. StockNews.com cut CBRE Group from a buy rating to a hold rating in a research report on Wednesday, May 1st. 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 report on Thursday, July 25th. Evercore ISI raised shares of CBRE Group from an in-line rating to an outperform rating and lifted their price target for the company from $100.00 to $123.00 in a report on Friday, July 26th. Finally, UBS Group decreased their price objective on shares of CBRE Group from $100.00 to $95.00 and set a neutral rating on the stock in a research note on Wednesday, July 3rd. Five analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, CBRE Group presently has a consensus rating of Moderate Buy and an average price target of $110.29.

CBRE Group Stock Down 1.8 %

Shares of CBRE stock opened at $110.38 on Thursday. CBRE Group has a one year low of $64.63 and a one year high of $114.51. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a fifty day moving average price of $92.84 and a 200 day moving average price of $90.96. The stock has a market cap of $33.82 billion, a P/E ratio of 34.39 and a beta of 1.40.

CBRE Group (NYSE:CBRE) last released its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.12. The company had revenue of $8.39 billion during the quarter, compared to the consensus estimate of $8.31 billion. CBRE Group had a net margin of 2.79% and a return on equity of 12.74%. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period last year, the firm earned $0.82 EPS. Analysts predict that CBRE Group will post 4.84 earnings per share for the current year.

Insiders Place Their Bets

In other CBRE Group news, CAO Lindsey S. Caplan sold 2,000 shares of the stock in a transaction on Friday, July 26th. The stock was sold at an average price of $109.87, for a total value of $219,740.00. Following the transaction, the chief accounting officer now directly owns 16,606 shares in the company, valued at approximately $1,824,501.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.54% of the company’s stock.

Institutional Trading of CBRE Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Principal Securities Inc. acquired a new position in shares of CBRE Group in the 4th quarter valued at $844,000. Natixis lifted its stake in CBRE Group by 69.0% in the first quarter. Natixis now owns 55,018 shares of the financial services provider’s stock valued at $5,350,000 after buying an additional 22,464 shares during the period. Quantbot Technologies LP acquired a new position in CBRE Group in the first quarter valued at about $1,118,000. Nordea Investment Management AB grew its position in shares of CBRE Group by 1,730.4% during the 1st quarter. Nordea Investment Management AB now owns 394,418 shares of the financial services provider’s stock worth $38,550,000 after buying an additional 372,870 shares during the period. Finally, AJOVista LLC acquired a new position in shares of CBRE Group during the 4th quarter worth about $208,000. 98.41% of the stock is currently owned by institutional investors and hedge funds.

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.