StockNews.com Downgrades CBRE Group (NYSE:CBRE) to Hold

CBRE Group (NYSE:CBRE) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Thursday.

Other analysts also recently issued reports about the company. JPMorgan Chase & Co. raised CBRE Group from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $120.00 to $163.00 in a research report on Monday, December 16th. Evercore ISI cut their price target on CBRE Group from $147.00 to $141.00 and set an “outperform” rating for the company in a research note on Monday, January 13th. Morgan Stanley boosted their price objective on CBRE Group from $160.00 to $165.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. Keefe, Bruyette & Woods increased their target price on shares of CBRE Group from $142.00 to $145.00 and gave the stock a “market perform” rating in a research report on Friday, February 14th. Finally, Jefferies Financial Group upgraded shares of CBRE Group from a “hold” rating to a “buy” rating and lifted their target price for the stock from $133.00 to $152.00 in a research note on Thursday, January 2nd. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $149.89.

CBRE Group Price Performance

Shares of NYSE:CBRE opened at $129.40 on Thursday. CBRE Group has a fifty-two week low of $84.24 and a fifty-two week high of $147.75. The company’s 50-day moving average is $137.54 and its 200 day moving average is $132.15. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.07. The company has a market capitalization of $38.82 billion, a P/E ratio of 41.21 and a beta of 1.42.

CBRE Group (NYSE:CBRE) last released its earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share for the quarter, beating analysts’ consensus estimates of $2.20 by $0.12. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. On average, equities research analysts forecast that CBRE Group will post 5.99 earnings per share for the current year.

Insider Activity

In other news, CFO Emma E. Giamartino sold 2,000 shares of the company’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $125.69, for a total value of $251,380.00. Following the transaction, the chief financial officer now owns 107,343 shares of the company’s stock, valued at approximately $13,491,941.67. This represents a 1.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Chad J. Doellinger sold 797 shares of CBRE Group stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $126.31, for a total value of $100,669.07. Following the sale, the insider now directly owns 28,735 shares of the company’s stock, valued at $3,629,517.85. This represents a 2.70 % decrease in their position. The disclosure for this sale can be found here. 0.54% of the stock is owned by company insiders.

Institutional Trading of CBRE Group

Several institutional investors and hedge funds have recently modified their holdings of CBRE. SBI Securities Co. Ltd. bought a new position in shares of CBRE Group in the fourth quarter worth approximately $25,000. Investment Management Corp VA ADV bought a new position in shares of CBRE Group in the 4th quarter worth $28,000. Denver PWM LLC purchased a new stake in shares of CBRE Group during the 4th quarter valued at $29,000. Colonial Trust Co SC lifted its holdings in shares of CBRE Group by 183.7% during the 4th quarter. Colonial Trust Co SC now owns 278 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 180 shares during the last quarter. Finally, Larson Financial Group LLC grew its position in CBRE Group by 610.9% in the fourth quarter. Larson Financial Group LLC now owns 327 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 281 shares in the last quarter. Hedge funds and other institutional investors own 98.41% of the company’s stock.

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.