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

StockNews.com cut shares of CBRE Group (NYSE:CBRE) from a buy rating to a hold rating in a research note published on Saturday.

Several other equities research analysts have also recently weighed in on CBRE. Jefferies Financial Group initiated coverage on shares of CBRE Group in a research report on Wednesday, April 10th. They issued a hold rating and a $107.00 price target for the company. Evercore ISI upped their price target on shares of CBRE Group from $103.00 to $104.00 and gave the stock an in-line rating in a research report on Tuesday, April 2nd. Keefe, Bruyette & Woods upped their price target on shares of CBRE Group from $96.00 to $100.00 and gave the stock a market perform rating in a research report on Friday, February 16th. Raymond James boosted their price objective on shares of CBRE Group from $95.00 to $103.00 and gave the stock a strong-buy rating in a research note on Thursday, January 25th. Finally, TheStreet upgraded shares of CBRE Group from a c+ rating to a b- rating in a research note on Thursday, January 25th. Five analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, CBRE Group has a consensus rating of Hold and a consensus price target of $99.50.

CBRE Group Price Performance

CBRE Group stock opened at $86.99 on Friday. The stock has a market cap of $26.59 billion, a price-to-earnings ratio of 27.44 and a beta of 1.42. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.17 and a quick ratio of 1.17. CBRE Group has a 1 year low of $64.63 and a 1 year high of $98.65. The firm has a 50-day moving average of $92.40 and a two-hundred day moving average of $84.62.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings results on Thursday, February 15th. The financial services provider reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.17. CBRE Group had a net margin of 3.09% and a return on equity of 13.69%. The firm had revenue of $8.95 billion during the quarter, compared to analysts’ expectations of $8.44 billion. During the same quarter in the prior year, the company earned $1.33 EPS. The company’s revenue was up 9.2% compared to the same quarter last year. On average, research analysts forecast that CBRE Group will post 4.44 earnings per share for the current year.

Insider Buying and Selling at CBRE Group

In other CBRE Group news, CEO Chandra Dhandapani sold 11,925 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $94.03, for a total transaction of $1,121,307.75. Following the transaction, the chief executive officer now owns 127,064 shares in the company, valued at approximately $11,947,827.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other CBRE Group news, CFO Emma E. Giamartino sold 2,667 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $93.53, for a total transaction of $249,444.51. Following the transaction, 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Chandra Dhandapani sold 11,925 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $94.03, for a total transaction of $1,121,307.75. Following the completion of the sale, the chief executive officer now owns 127,064 shares in the company, valued at approximately $11,947,827.92. The disclosure for this sale can be found here. In the last quarter, insiders have sold 39,592 shares of company stock worth $3,675,752. 0.53% of the stock is owned by corporate insiders.

Institutional Trading of CBRE Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Harris Associates L P increased its stake in shares of CBRE Group by 4.5% in the fourth quarter. Harris Associates L P now owns 16,005,141 shares of the financial services provider’s stock worth $1,489,919,000 after acquiring an additional 683,225 shares during the period. FMR LLC boosted its holdings in CBRE Group by 3.1% during the third quarter. FMR LLC now owns 9,465,982 shares of the financial services provider’s stock worth $699,157,000 after buying an additional 288,287 shares in the last quarter. Geode Capital Management LLC boosted its holdings in CBRE Group by 2.1% during the first quarter. Geode Capital Management LLC now owns 7,189,800 shares of the financial services provider’s stock worth $522,405,000 after buying an additional 148,971 shares in the last quarter. Invesco Ltd. boosted its holdings in CBRE Group by 0.4% during the third quarter. Invesco Ltd. now owns 7,083,778 shares of the financial services provider’s stock worth $523,208,000 after buying an additional 28,316 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in CBRE Group by 0.7% during the fourth quarter. Principal Financial Group Inc. now owns 6,867,581 shares of the financial services provider’s stock worth $639,303,000 after buying an additional 46,763 shares in the last quarter. Institutional investors and hedge funds 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.