CBRE Group (NYSE:CBRE) Stock Rating Lowered by StockNews.com

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

A number of other equities analysts have also commented on the stock. Morgan Stanley lifted their price target on shares of CBRE Group from $160.00 to $165.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. Evercore ISI cut their target price on CBRE Group from $147.00 to $141.00 and set an “outperform” rating on the stock in a report on Monday, January 13th. Jefferies Financial Group upgraded CBRE Group from a “hold” rating to a “buy” rating and upped their price target for the company from $133.00 to $152.00 in a research report on Thursday, January 2nd. Keefe, Bruyette & Woods raised their price objective on 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, JPMorgan Chase & Co. upgraded CBRE Group from a “neutral” rating to an “overweight” rating and upped their target price for the company from $120.00 to $163.00 in a report on Monday, December 16th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, CBRE Group has an average rating of “Moderate Buy” and an average target price of $149.89.

CBRE Group Trading Down 1.6 %

NYSE CBRE opened at $129.40 on Thursday. CBRE Group has a twelve month low of $84.24 and a twelve month high of $147.75. The business’s fifty day moving average is $137.54 and its 200 day moving average is $132.15. The company has a quick ratio of 1.13, a current ratio of 1.07 and a debt-to-equity ratio of 0.35. The company has a market cap of $38.82 billion, a price-to-earnings ratio of 41.21 and a beta of 1.42.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings results on Thursday, February 13th. The financial services provider reported $2.32 EPS for the quarter, beating analysts’ consensus estimates of $2.20 by $0.12. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. As a group, sell-side analysts expect that CBRE Group will post 5.99 EPS for the current fiscal year.

Insiders Place Their Bets

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

Hedge Funds Weigh In On CBRE Group

Several large investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. raised its position in CBRE Group by 3.9% in the 3rd quarter. Principal Financial Group Inc. now owns 7,424,671 shares of the financial services provider’s stock valued at $924,223,000 after buying an additional 277,922 shares during the last quarter. Great Valley Advisor Group Inc. purchased a new stake in shares of CBRE Group in the third quarter valued at about $217,000. Cerity Partners LLC raised its holdings in shares of CBRE Group by 32.9% in the third quarter. Cerity Partners LLC now owns 59,819 shares of the financial services provider’s stock valued at $7,446,000 after purchasing an additional 14,808 shares during the last quarter. Algert Global LLC purchased a new position in CBRE Group during the third quarter worth about $1,829,000. Finally, Fisher Asset Management LLC boosted its holdings in CBRE Group by 1.6% during the third quarter. Fisher Asset Management LLC now owns 44,753 shares of the financial services provider’s stock worth $5,571,000 after purchasing an additional 705 shares during the last quarter. Institutional investors own 98.41% of the company’s stock.

About CBRE Group

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.