Raymond James Downgrades CBRE Group (NYSE:CBRE) to Outperform

CBRE Group (NYSE:CBRE) was downgraded by analysts at Raymond James from a “strong-buy” rating to an “outperform” rating in a research note issued to investors on Friday,Briefing.com Automated Import reports. They currently have a $152.00 price objective on the financial services provider’s stock, down from their prior price objective of $155.00. Raymond James’ price target would indicate a potential upside of 7.80% from the stock’s current price.

A number of other analysts have also commented on CBRE. Evercore ISI lowered their target price on shares of CBRE Group from $147.00 to $141.00 and set an “outperform” rating for the company in a report on Monday, January 13th. The Goldman Sachs Group began coverage on CBRE Group in a report on Friday, December 6th. They issued a “buy” rating and a $176.00 price objective for the company. Jefferies Financial Group upgraded CBRE Group from a “hold” rating to a “buy” rating and boosted their target price for the stock from $133.00 to $152.00 in a research report on Thursday, January 2nd. Morgan Stanley upgraded shares of CBRE Group from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $115.00 to $160.00 in a research report on Wednesday, January 15th. Finally, Citigroup boosted their price objective on shares of CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a report on Monday, November 25th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, CBRE Group has a consensus rating of “Moderate Buy” and an average target price of $148.56.

CBRE Group Trading Up 1.1 %

Shares of CBRE opened at $141.00 on Friday. The stock’s fifty day simple moving average is $133.68 and its 200-day simple moving average is $122.40. The firm has a market capitalization of $43.15 billion, a PE ratio of 45.34 and a beta of 1.39. CBRE Group has a 12-month low of $82.75 and a 12-month high of $142.00. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.34.

CBRE Group (NYSE:CBRE) last issued its earnings results on Thursday, October 24th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.14. The company had revenue of $9.04 billion for the quarter, compared to analyst estimates of $8.80 billion. CBRE Group had a net margin of 2.79% and a return on equity of 13.91%. The company’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.72 EPS. As a group, research analysts predict that CBRE Group will post 4.99 earnings per share for the current year.

Insider Activity

In other news, CFO Emma E. Giamartino sold 1,815 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $131.34, for a total value of $238,382.10. Following the sale, the chief financial officer now directly owns 70,154 shares in the company, valued at $9,214,026.36. The trade was a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On CBRE Group

Several institutional investors have recently bought and sold shares of the company. Waldron Private Wealth LLC lifted its position in shares of CBRE Group by 100.7% in the fourth quarter. Waldron Private Wealth LLC now owns 3,268 shares of the financial services provider’s stock worth $429,000 after purchasing an additional 1,640 shares in the last quarter. Custom Index Systems LLC increased its stake in CBRE Group by 20.3% in the 4th quarter. Custom Index Systems LLC now owns 8,768 shares of the financial services provider’s stock valued at $1,151,000 after buying an additional 1,477 shares during the last quarter. Caprock Group LLC lifted its position in CBRE Group by 30.8% during the 4th quarter. Caprock Group LLC now owns 11,029 shares of the financial services provider’s stock worth $1,448,000 after buying an additional 2,594 shares in the last quarter. Hunter Associates Investment Management LLC grew its holdings in shares of CBRE Group by 1.3% in the 4th quarter. Hunter Associates Investment Management LLC now owns 13,767 shares of the financial services provider’s stock valued at $1,806,000 after acquiring an additional 181 shares in the last quarter. Finally, Gilbert & Cook Inc. increased its position in shares of CBRE Group by 1.4% in the fourth quarter. Gilbert & Cook Inc. now owns 5,448 shares of the financial services provider’s stock valued at $715,000 after acquiring an additional 75 shares during the last quarter. 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.