JPMorgan Chase & Co. Lowers CBRE Group (NYSE:CBRE) Price Target to $141.00

CBRE Group (NYSE:CBRE) had its price target lowered by equities research analysts at JPMorgan Chase & Co. from $163.00 to $141.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 21.77% from the company’s current price.

CBRE has been the topic of several other reports. Raymond James lowered shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and decreased their price objective for the stock from $155.00 to $152.00 in a research report on Friday, January 24th. Jefferies Financial Group raised shares of CBRE Group from a “hold” rating to a “buy” rating and increased their price objective for the company from $133.00 to $152.00 in a research report on Thursday, January 2nd. Keefe, Bruyette & Woods increased their price objective on shares of CBRE Group from $142.00 to $145.00 and gave the company a “market perform” rating in a research report on Friday, February 14th. Evercore ISI decreased their price target on shares of CBRE Group from $147.00 to $141.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. Finally, Morgan Stanley raised their price objective on CBRE Group from $160.00 to $165.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. Three 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. Based on data from MarketBeat.com, CBRE Group has a consensus rating of “Moderate Buy” and a consensus price target of $147.44.

CBRE Group Stock Performance

CBRE stock traded down $5.48 on Thursday, hitting $115.79. The company’s stock had a trading volume of 487,335 shares, compared to its average volume of 1,795,939. The firm has a 50 day moving average of $133.67 and a two-hundred day moving average of $132.35. CBRE Group has a 1 year low of $84.24 and a 1 year high of $147.75. The stock has a market cap of $34.74 billion, a price-to-earnings ratio of 37.02 and a beta of 1.26. The company has a current ratio of 1.07, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.12. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. Equities analysts predict that CBRE Group will post 5.99 EPS for the current fiscal year.

Insider Buying and Selling at CBRE Group

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

Institutional Trading of CBRE Group

Large investors have recently bought and sold shares of the stock. Geode Capital Management LLC grew its holdings in shares of CBRE Group by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 7,904,316 shares of the financial services provider’s stock worth $1,035,229,000 after purchasing an additional 245,821 shares during the last quarter. Principal Financial Group Inc. lifted its stake in CBRE Group by 2.4% in the fourth quarter. Principal Financial Group Inc. now owns 7,601,790 shares of the financial services provider’s stock valued at $998,039,000 after buying an additional 177,119 shares during the period. Cantillon Capital Management LLC lifted its stake in CBRE Group by 0.5% in the fourth quarter. Cantillon Capital Management LLC now owns 4,748,386 shares of the financial services provider’s stock valued at $623,416,000 after buying an additional 25,142 shares during the period. Franklin Resources Inc. raised its position in shares of CBRE Group by 17.3% during the fourth quarter. Franklin Resources Inc. now owns 4,100,770 shares of the financial services provider’s stock worth $538,390,000 after purchasing an additional 605,403 shares during the period. Finally, Artisan Partners Limited Partnership raised its position in shares of CBRE Group by 290.0% during the fourth quarter. Artisan Partners Limited Partnership now owns 4,050,089 shares of the financial services provider’s stock worth $531,736,000 after purchasing an additional 3,011,566 shares during the period. 98.41% of the stock is currently owned by institutional investors.

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.