CBRE Group (NYSE:CBRE) Stock Rating Lowered by Raymond James

Raymond James lowered shares of CBRE Group (NYSE:CBRE) from a strong-buy rating to an outperform rating in a report released on Friday, Marketbeat.com reports. The firm currently has $152.00 price target on the financial services provider’s stock, down from their prior price target of $155.00.

A number of other research firms have also recently issued reports on CBRE. Keefe, Bruyette & Woods upped their price objective on CBRE Group from $125.00 to $138.00 and gave the stock a “market perform” rating in a report on Tuesday, October 29th. Citigroup boosted their target price on CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, November 25th. The Goldman Sachs Group began coverage on CBRE Group in a research report on Friday, December 6th. They set a “buy” rating and a $176.00 price target on the stock. Morgan Stanley upgraded shares of CBRE Group from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $115.00 to $160.00 in a report on Wednesday, January 15th. Finally, Evercore ISI decreased their target price on shares of CBRE Group from $147.00 to $141.00 and set an “outperform” rating on the stock in a research note on Monday, January 13th. Three 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’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $148.56.

CBRE Group Price Performance

CBRE stock opened at $141.23 on Friday. The firm has a 50 day simple moving average of $134.08 and a two-hundred day simple moving average of $123.14. The stock has a market cap of $43.22 billion, a PE ratio of 45.41 and a beta of 1.39. CBRE Group has a one year low of $82.75 and a one year high of $142.00. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.13 and a quick ratio of 1.13.

CBRE Group (NYSE:CBRE) last announced its earnings results on Thursday, October 24th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.14. CBRE Group had a net margin of 2.79% and a return on equity of 13.91%. The company had revenue of $9.04 billion during the quarter, compared to analyst estimates of $8.80 billion. During the same period in the previous year, the business earned $0.72 earnings per share. The firm’s quarterly revenue was up 14.8% compared to the same quarter last year. On average, analysts predict that CBRE Group will post 4.99 EPS for the current fiscal year.

Insider Activity

In other CBRE Group news, CFO Emma E. Giamartino sold 1,815 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $131.34, for a total value of $238,382.10. Following the sale, the chief financial officer now owns 70,154 shares in the company, valued at approximately $9,214,026.36. This represents a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.54% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On CBRE Group

Several large investors have recently made changes to their positions in CBRE. Gilbert & Cook Inc. grew its position in CBRE Group by 1.4% during the 4th quarter. Gilbert & Cook Inc. now owns 5,448 shares of the financial services provider’s stock valued at $715,000 after purchasing an additional 75 shares during the last quarter. Lindbrook Capital LLC lifted its stake in shares of CBRE Group by 4.7% in the third quarter. Lindbrook Capital LLC now owns 1,750 shares of the financial services provider’s stock worth $218,000 after buying an additional 79 shares in the last quarter. Stephens Inc. AR grew its holdings in shares of CBRE Group by 3.1% during the third quarter. Stephens Inc. AR now owns 2,640 shares of the financial services provider’s stock valued at $329,000 after buying an additional 80 shares during the last quarter. Fidelis Capital Partners LLC increased its position in shares of CBRE Group by 2.1% during the third quarter. Fidelis Capital Partners LLC now owns 3,994 shares of the financial services provider’s stock valued at $492,000 after acquiring an additional 82 shares in the last quarter. Finally, Private Advisor Group LLC increased its position in shares of CBRE Group by 1.2% during the third quarter. Private Advisor Group LLC now owns 7,688 shares of the financial services provider’s stock valued at $957,000 after acquiring an additional 90 shares in the last quarter. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

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.