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

StockNews.com lowered shares of CBRE Group (NYSE:CBRE) from a buy rating to a hold rating in a report released on Thursday.

A number of other equities research analysts have also recently commented on CBRE. Keefe, Bruyette & Woods upped their target price on shares of CBRE Group from $142.00 to $145.00 and gave the company a “market perform” rating in a report on Friday, February 14th. Morgan Stanley increased their price objective on CBRE Group from $160.00 to $165.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. Evercore ISI lowered their target price on CBRE Group from $147.00 to $141.00 and set an “outperform” rating on the stock in a research note on Monday, January 13th. JPMorgan Chase & Co. upgraded CBRE Group from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $120.00 to $163.00 in a research note on Monday, December 16th. Finally, Raymond James downgraded CBRE Group from a “strong-buy” rating to an “outperform” rating and decreased their price target for the stock from $155.00 to $152.00 in a report on Friday, January 24th. Three investment 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 company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $149.89.

CBRE Group Stock Down 1.6 %

CBRE Group stock opened at $129.40 on Thursday. The company has a market capitalization of $38.82 billion, a P/E ratio of 41.21 and a beta of 1.42. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.07. CBRE Group has a fifty-two week low of $84.24 and a fifty-two week high of $147.75. The stock has a 50-day simple moving average of $137.54 and a 200-day simple moving average of $132.25.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 earnings per share 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%. Equities research analysts expect that CBRE Group will post 5.99 earnings per share for the current year.

Insider Buying and Selling at CBRE Group

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

Hedge Funds Weigh In On CBRE Group

Several hedge funds have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC boosted its stake in shares of CBRE Group by 39.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 23,845 shares of the financial services provider’s stock worth $3,131,000 after purchasing an additional 6,790 shares during the last quarter. Lansforsakringar Fondforvaltning AB publ purchased a new stake in CBRE Group in the fourth quarter valued at approximately $13,277,000. Siemens Fonds Invest GmbH increased its position in CBRE Group by 3,995.0% during the fourth quarter. Siemens Fonds Invest GmbH now owns 165,766 shares of the financial services provider’s stock worth $21,677,000 after purchasing an additional 161,718 shares during the last quarter. Cim LLC purchased a new position in CBRE Group during the fourth quarter worth approximately $224,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of CBRE Group in the 4th quarter valued at $34,232,000. Hedge funds and other 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.