CBRE Group (NYSE:CBRE) Sees Unusually-High Trading Volume

Shares of CBRE Group, Inc. (NYSE:CBRE) saw unusually-high trading volume on Monday . Approximately 583,806 shares traded hands during trading, a decline of 65% from the previous session’s volume of 1,669,158 shares.The stock last traded at $111.25 and had previously closed at $110.55.

Wall Street Analysts Forecast Growth

Several research analysts have commented on CBRE shares. Keefe, Bruyette & Woods boosted their target price on CBRE Group from $100.00 to $110.00 and gave the stock a “market perform” rating in a research note on Thursday. UBS Group dropped their price target on CBRE Group from $100.00 to $95.00 and set a “neutral” rating for the company in a research note on Wednesday, July 3rd. Morgan Stanley started coverage on CBRE Group in a report on Thursday. They set an “equal weight” rating and a $105.00 price target on the stock. Jefferies Financial Group began coverage on shares of CBRE Group in a research note on Wednesday, April 10th. They set a “hold” rating and a $107.00 price target for the company. Finally, Raymond James boosted their price objective on shares of CBRE Group from $122.00 to $124.00 and gave the stock a “strong-buy” rating in a research note on Thursday. Five research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, CBRE Group presently has an average rating of “Moderate Buy” and a consensus target price of $108.86.

CBRE Group Trading Up 0.8 %

The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.36. The firm’s 50-day moving average price is $90.59 and its 200 day moving average price is $90.07. The company has a market cap of $34.15 billion, a price-to-earnings ratio of 34.44 and a beta of 1.40.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.12. CBRE Group had a net margin of 2.79% and a return on equity of 12.74%. The business had revenue of $8.39 billion during the quarter, compared to analysts’ expectations of $8.31 billion. During the same period last year, the company posted $0.82 earnings per share. The business’s quarterly revenue was up 8.7% on a year-over-year basis. As a group, equities analysts expect that CBRE Group, Inc. will post 4.83 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in CBRE. Principal Securities Inc. bought a new stake in CBRE Group during the 4th quarter worth approximately $844,000. Natixis grew its holdings in CBRE Group by 69.0% during the first quarter. Natixis now owns 55,018 shares of the financial services provider’s stock worth $5,350,000 after buying an additional 22,464 shares in the last quarter. Quantbot Technologies LP purchased a new stake in CBRE Group in the 1st quarter valued at $1,118,000. Nordea Investment Management AB lifted its stake in CBRE Group by 1,730.4% during the 1st quarter. Nordea Investment Management AB now owns 394,418 shares of the financial services provider’s stock valued at $38,550,000 after acquiring an additional 372,870 shares in the last quarter. Finally, AJOVista LLC purchased a new position in CBRE Group during the 4th quarter worth $208,000. Institutional investors 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.