CBRE Group (NYSE:CBRE) Stock Gets Price Target Trim from Keefe, Bruyette & Woods

CBRE Group (NYSE:CBRE) had its price target reduced by Keefe, Bruyette & Woods from $174.00 to $164.00 in a report issued on Friday,Benzinga reports. They currently have an outperform rating on the financial services provider’s stock.

Several other equities analysts have also commented on the stock. Wall Street Zen lowered shares of CBRE Group from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of CBRE Group in a report on Friday, August 21st. Barclays boosted their price objective on shares of CBRE Group from $180.00 to $183.00 and gave the company an “overweight” rating in a research note on Monday, August 17th. Evercore reissued an “outperform” rating and set a $175.00 price objective on shares of CBRE Group in a research note on Thursday, July 30th. Finally, UBS Group upped their price objective on CBRE Group from $185.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Six 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, CBRE Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $178.40.

CBRE Group Trading Down 0.0%

NYSE CBRE opened at $130.79 on Friday. CBRE Group has a 12 month low of $121.69 and a 12 month high of $174.27. The company has a 50-day moving average of $142.42 and a 200-day moving average of $139.66. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market cap of $37.88 billion, a P/E ratio of 30.00 and a beta of 1.23.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.09. CBRE Group had a net margin of 2.98% and a return on equity of 25.12%. The business had revenue of $11.23 billion for the quarter, compared to analyst estimates of $11.18 billion. During the same period in the prior year, the firm posted $1.19 EPS. The company’s revenue was up 15.1% on a year-over-year basis. CBRE Group has set its FY 2026 guidance at 7.800-7.900 EPS. As a group, equities analysts predict that CBRE Group will post 7.79 earnings per share for the current year.

Insider Activity

In other news, CEO Vikramaditya Kohli sold 2,666 shares of the business’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $150.00, for a total transaction of $399,900.00. Following the completion of the sale, the chief executive officer owned 134,869 shares in the company, valued at approximately $20,230,350. The trade was a 1.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Emma E. 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 value of $333,652.50. Following the sale, the chief financial officer owned 108,479 shares of the company’s stock, valued at $16,086,350.91. The trade was a 2.03% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 5,144 shares of company stock valued at $767,363 in the last three months. Corporate insiders own 0.46% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Marquette Asset Management LLC raised its holdings in shares of CBRE Group by 766.7% during the 3rd quarter. Marquette Asset Management LLC now owns 364 shares of the financial services provider’s stock valued at $47,000 after buying an additional 322 shares during the period. Riversedge Advisors LLC acquired a new position in CBRE Group during the 3rd quarter worth approximately $272,000. Wedmont Private Capital lifted its position in CBRE Group by 146.6% during the 3rd quarter. Wedmont Private Capital now owns 10,943 shares of the financial services provider’s stock worth $1,434,000 after acquiring an additional 6,506 shares in the last quarter. LifeGoal Investments LLC acquired a new position in CBRE Group during the 3rd quarter worth approximately $256,000. Finally, Acropolis Investment Management LLC purchased a new position in CBRE Group in the 3rd quarter worth approximately $170,000. Hedge funds and other institutional investors own 98.41% of the company’s stock.

About CBRE Group

CBRE Group, Inc is a global commercial real estate services and investment firm headquartered in Dallas, Texas. Through its operations in the Americas, Europe, the Middle East and Africa, and the Asia-Pacific region, the company serves corporations, property owners, investors, lenders, and public-sector organizations.

CBRE’s services include commercial property leasing and sales, tenant and occupier representation, capital markets advisory, property valuation, consulting, research, and development services.