CBRE Group (CBRE) Earns Hold Rating from JMP Securities

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JMP Securities reiterated their hold rating on shares of CBRE Group (NYSE:CBRE) in a research note issued to investors on Monday.

Several other analysts have also recently issued reports on the company. Bank of America set a $54.00 target price on CBRE Group and gave the company a hold rating in a report on Friday, March 8th. Zacks Investment Research upgraded CBRE Group from a hold rating to a buy rating and set a $55.00 target price for the company in a report on Tuesday, February 19th. Finally, William Blair reaffirmed an outperform rating on shares of CBRE Group in a research note on Wednesday, February 13th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of $55.75.

Shares of NYSE:CBRE opened at $50.33 on Monday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.01 and a quick ratio of 1.16. The firm has a market capitalization of $16.72 billion, a price-to-earnings ratio of 15.34, a P/E/G ratio of 1.34 and a beta of 1.69. CBRE Group has a 52-week low of $37.45 and a 52-week high of $51.35.

CBRE Group (NYSE:CBRE) last issued its earnings results on Wednesday, February 13th. The financial services provider reported $1.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.08. The company had revenue of $6.29 billion during the quarter, compared to analysts’ expectations of $5.96 billion. CBRE Group had a return on equity of 23.93% and a net margin of 4.98%. The firm’s quarterly revenue was up 14.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.96 EPS. As a group, equities analysts expect that CBRE Group will post 3.45 earnings per share for the current fiscal year.

In other news, Director Brandon B. Boze sold 6,700,000 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $49.51, for a total value of $331,717,000.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Laurence H. Midler sold 13,848 shares of the company’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $50.43, for a total value of $698,354.64. Following the completion of the transaction, the executive vice president now directly owns 131,109 shares in the company, valued at approximately $6,611,826.87. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,814,454 shares of company stock worth $337,496,303. Corporate insiders own 0.88% of the company’s stock.

Several institutional investors have recently made changes to their positions in CBRE. Lindbrook Capital LLC acquired a new position in CBRE Group during the 4th quarter worth about $27,000. Oregon Public Employees Retirement Fund lifted its stake in CBRE Group by 1,895.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,377,536 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 1,308,488 shares in the last quarter. Van ECK Associates Corp acquired a new position in CBRE Group during the 4th quarter worth about $38,000. Whitnell & Co. lifted its stake in CBRE Group by 200.0% during the 4th quarter. Whitnell & Co. now owns 1,500 shares of the financial services provider’s stock worth $60,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Quantamental Technologies LLC acquired a new position in CBRE Group during the 4th quarter worth about $61,000. 92.09% of the stock is currently owned by institutional investors and hedge funds.

About CBRE Group

CBRE Group, Inc operates as a commercial real estate services and investment company worldwide. It operates through Americas; Europe, Middle East and Africa; Asia Pacific; Global Investment Management; and Development Services segments. The company offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing; integrated property sales, and mortgage and structured financing services under the CBRE Capital Markets brand; 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.

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