CBRE Group (NYSE:CBRE) Sets New 1-Year Low – Should You Sell?

CBRE Group, Inc. (NYSE:CBRE)’s stock price reached a new 52-week low during trading on Monday. The stock traded as low as $121.51 and last traded at $121.8350, with a volume of 999,977 shares. The stock had previously closed at $123.30.

Wall Street Analyst Weigh In

CBRE has been the topic of several recent analyst reports. UBS Group raised their price objective on shares of CBRE Group from $185.00 to $190.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Wall Street Zen lowered CBRE Group from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Evercore decreased their price target on CBRE Group from $175.00 to $166.00 and set an “outperform” rating on the stock in a report on Monday, September 28th. Jefferies Financial Group lowered their price target on CBRE Group from $180.00 to $164.00 in a report on Monday, October 12th. Finally, JPMorgan Chase & Co. lowered their target price on shares of CBRE Group from $190.00 to $186.00 in a report on Tuesday, October 13th. Nine investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $185.44.

CBRE Group Stock Performance

The company has a debt-to-equity ratio of 0.63, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market capitalization of $35.44 billion, a PE ratio of 26.37 and a beta of 1.23. The business has a 50-day simple moving average of $138.87 and a 200-day simple moving average of $139.42.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings results on Thursday, October 22nd. The financial services provider reported $2.05 EPS for the quarter, topping analysts’ consensus estimates of $1.96 by $0.09. CBRE Group had a net margin of 3.08% and a return on equity of 26.31%. The firm had revenue of $11.52 billion for the quarter, compared to analysts’ expectations of $11.81 billion. During the same period in the prior year, the business posted $1.61 earnings per share. The business’s revenue for the quarter was up 12.7% on a year-over-year basis. Equities research analysts expect that CBRE Group, Inc. will post 7.76 earnings per share for the current fiscal year.

Insider Buying and Selling

In other CBRE Group news, insider Chad J. Doellinger sold 228 shares of CBRE Group stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $148.29, for a total value of $33,810.12. Following the transaction, the insider owned 41,778 shares in the company, valued at $6,195,259.62. The trade was a 0.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Emma Giamartino sold 2,250 shares of the business’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $148.29, for a total transaction of $333,652.50. Following the completion of the transaction, the chief financial officer owned 108,479 shares of the company’s stock, valued at $16,086,350.91. This represents a 2.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 5,144 shares of company stock worth $767,363 in the last three months. 0.46% of the stock is owned by insiders.

Institutional Trading of CBRE Group

A number of institutional investors have recently modified their holdings of CBRE. Principal Financial Group Inc. grew its holdings in CBRE Group by 3.2% in the first quarter. Principal Financial Group Inc. now owns 9,870,413 shares of the financial services provider’s stock worth $1,337,051,000 after purchasing an additional 302,426 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of CBRE Group by 5.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,896,802 shares of the financial services provider’s stock worth $392,368,000 after purchasing an additional 159,482 shares in the last quarter. Swedbank AB boosted its position in shares of CBRE Group by 119.6% in the 1st quarter. Swedbank AB now owns 2,571,280 shares of the financial services provider’s stock worth $348,306,000 after purchasing an additional 1,400,452 shares in the last quarter. Sei Investments Co. grew its stake in CBRE Group by 8.7% during the 1st quarter. Sei Investments Co. now owns 2,181,413 shares of the financial services provider’s stock worth $295,494,000 after buying an additional 175,344 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in CBRE Group by 52.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,930,992 shares of the financial services provider’s stock worth $248,075,000 after buying an additional 662,421 shares during the last quarter. 98.41% of the stock is currently owned by institutional investors.

CBRE Group Company Profile

CBRE Group, Inc (NYSE:CBRE) is a global commercial real estate services and investment firm. The company provides advisory, transaction, property management, facilities management, project management, valuation, and consulting services to corporate, institutional, and other real estate clients.

Its businesses support the acquisition, development, leasing, operation, and disposition of commercial properties across sectors such as office, industrial and logistics, retail, multifamily, hospitality, and data centers.