CBRE Group (NYSE:CBRE) Cut to Hold at StockNews.com

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

A number of other equities research analysts have also recently issued reports on CBRE. Evercore ISI upped their target price on shares of CBRE Group from $103.00 to $104.00 and gave the company an “in-line” rating in a report on Tuesday, April 2nd. TheStreet upgraded CBRE Group from a “c+” rating to a “b-” rating in a research note on Thursday, January 25th. Keefe, Bruyette & Woods boosted their target price on CBRE Group from $96.00 to $100.00 and gave the stock a “market perform” rating in a report on Friday, February 16th. Jefferies Financial Group assumed coverage on CBRE Group in a report on Wednesday, April 10th. They set a “hold” rating and a $107.00 price target for the company. Finally, Raymond James upped their price objective 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. Five analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $99.50.

CBRE Group Stock Down 1.2 %

CBRE stock opened at $86.90 on Wednesday. The company has a market cap of $26.67 billion, a price-to-earnings ratio of 27.41 and a beta of 1.42. CBRE Group has a twelve month low of $64.63 and a twelve month high of $98.65. The business has a 50 day moving average price of $91.95 and a two-hundred day moving average price of $85.69. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.31.

CBRE Group (NYSE:CBRE) last released its earnings results on Thursday, February 15th. The financial services provider reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.17. The business had revenue of $8.95 billion during 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 firm’s revenue was up 9.2% on a year-over-year basis. During the same period last year, the business earned $1.33 earnings per share. Analysts anticipate that CBRE Group will post 4.45 EPS for the current fiscal year.

Insiders Place Their Bets

In other CBRE Group news, CFO Emma E. Giamartino sold 2,667 shares of CBRE Group stock in a transaction dated 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 sale, the chief financial officer now owns 72,350 shares in the company, valued at approximately $6,766,895.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO John E. Durburg sold 25,000 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $92.20, for a total transaction of $2,305,000.00. Following the completion of the sale, the chief executive officer now directly owns 207,856 shares in the company, valued at approximately $19,164,323.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Emma E. Giamartino sold 2,667 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $93.53, for a total value of $249,444.51. Following the sale, 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. Insiders have sold 39,592 shares of company stock worth $3,675,752 in the last 90 days. Company insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On CBRE Group

Several institutional investors and hedge funds have recently bought and sold shares of CBRE. Cary Street Partners Investment Advisory LLC raised its position in shares of CBRE Group by 190.6% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 497 shares of the financial services provider’s stock valued at $37,000 after buying an additional 326 shares in the last quarter. Headinvest LLC bought a new stake in CBRE Group during the third quarter worth $44,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of CBRE Group in the 4th quarter valued at $45,000. Bruce G. Allen Investments LLC bought a new position in shares of CBRE Group in the 4th quarter valued at $48,000. Finally, Planned Solutions Inc. acquired a new position in shares of CBRE Group during the 4th quarter worth $52,000. 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.