CBRE Group (NYSE:CBRE) Stock Price Expected to Rise, UBS Group Analyst Says

CBRE Group (NYSE:CBRE) had its price objective raised by UBS Group from $130.00 to $146.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the financial services provider’s stock. UBS Group’s target price indicates a potential upside of 2.49% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of CBRE Group from $129.00 to $131.00 and gave the company a “market perform” rating in a research report on Wednesday, April 30th. Morgan Stanley restated an “overweight” rating and issued a $170.00 target price (up from $160.00) on shares of CBRE Group in a research note on Thursday, June 12th. Wall Street Zen cut CBRE Group from a “buy” rating to a “hold” rating in a research report on Saturday, June 14th. Finally, JPMorgan Chase & Co. reduced their price objective on CBRE Group from $163.00 to $141.00 and set an “overweight” rating for the company in a research report on Thursday, April 10th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $152.11.

CBRE Group Price Performance

Shares of CBRE opened at $142.45 on Wednesday. CBRE Group has a 52 week low of $86.19 and a 52 week high of $147.75. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37. The firm has a market cap of $42.47 billion, a price-to-earnings ratio of 43.56 and a beta of 1.30. The stock has a 50 day moving average of $129.57 and a 200-day moving average of $131.07.

CBRE Group (NYSE:CBRE) last released its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.05. CBRE Group had a net margin of 2.74% and a return on equity of 17.37%. The firm had revenue of $8.91 billion during the quarter, compared to the consensus estimate of $8.73 billion. During the same quarter in the previous year, the company posted $0.78 earnings per share. The firm’s revenue was up 12.3% on a year-over-year basis. As a group, analysts forecast that CBRE Group will post 5.99 EPS for the current year.

Insider Transactions at CBRE Group

In related news, CAO Lindsey S. Caplan sold 1,935 shares of the firm’s stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $140.00, for a total value of $270,900.00. Following the sale, the chief accounting officer directly owned 20,131 shares in the company, valued at $2,818,340. This trade represents a 8.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Chad J. Doellinger sold 494 shares of CBRE Group stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $126.05, for a total value of $62,268.70. Following the sale, the insider directly owned 27,945 shares in the company, valued at $3,522,467.25. The trade was a 1.74% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,031 shares of company stock worth $814,080. Company insiders own 0.42% of the company’s stock.

Institutional Investors Weigh In On CBRE Group

Several institutional investors have recently bought and sold shares of the stock. Meridian Wealth Management LLC lifted its position in CBRE Group by 1.4% in the fourth quarter. Meridian Wealth Management LLC now owns 5,192 shares of the financial services provider’s stock worth $682,000 after purchasing an additional 71 shares during the period. Valeo Financial Advisors LLC lifted its holdings in shares of CBRE Group by 4.0% in the first quarter. Valeo Financial Advisors LLC now owns 2,217 shares of the financial services provider’s stock valued at $290,000 after buying an additional 85 shares during the period. Beverly Hills Private Wealth LLC boosted its stake in CBRE Group by 1.9% during the first quarter. Beverly Hills Private Wealth LLC now owns 5,067 shares of the financial services provider’s stock valued at $663,000 after buying an additional 93 shares in the last quarter. Signaturefd LLC boosted its stake in CBRE Group by 2.0% during the fourth quarter. Signaturefd LLC now owns 5,074 shares of the financial services provider’s stock valued at $666,000 after buying an additional 99 shares in the last quarter. Finally, Verdence Capital Advisors LLC grew its holdings in CBRE Group by 1.3% during the first quarter. Verdence Capital Advisors LLC now owns 8,133 shares of the financial services provider’s stock worth $1,064,000 after acquiring an additional 102 shares during the period. Institutional investors and hedge funds 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.