Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for CBRE Group (NYSE:CBRE) Stock

CBRE Group (NYSE:CBRE) had its price target upped by Keefe, Bruyette & Woods from $167.00 to $168.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 11.67% from the stock’s previous close.

Other equities analysts also recently issued research reports about the stock. Raymond James Financial lifted their price objective on shares of CBRE Group from $163.00 to $166.00 and gave the stock an “outperform” rating in a report on Thursday, July 24th. JPMorgan Chase & Co. raised their target price on shares of CBRE Group from $143.00 to $185.00 and gave the stock an “overweight” rating in a report on Tuesday, August 26th. UBS Group raised their target price on shares of CBRE Group from $130.00 to $146.00 and gave the stock a “neutral” rating in a report on Wednesday, July 2nd. Evercore ISI raised their target price on shares of CBRE Group from $164.00 to $185.00 and gave the stock an “outperform” rating in a report on Monday, August 25th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of CBRE Group in a report on Wednesday. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $170.78.

CBRE Group Stock Down 1.3%

Shares of CBRE Group stock opened at $150.44 on Thursday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.51. The firm has a market cap of $44.76 billion, a P/E ratio of 42.14 and a beta of 1.36. CBRE Group has a fifty-two week low of $108.45 and a fifty-two week high of $167.56. The business has a 50-day moving average price of $159.43 and a 200 day moving average price of $140.70.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.14. The firm had revenue of $9.75 billion during the quarter, compared to analyst estimates of $9.50 billion. CBRE Group had a return on equity of 18.89% and a net margin of 2.86%. CBRE Group has set its FY 2025 guidance at 6.100-6.200 EPS. On average, sell-side analysts forecast that CBRE Group will post 5.99 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other CBRE Group news, CAO Lindsey S. Caplan sold 1,494 shares of the business’s stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $155.37, for a total transaction of $232,122.78. Following the completion of the transaction, the chief accounting officer owned 26,717 shares in the company, valued at approximately $4,151,020.29. The trade was a 5.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Emma E. Giamartino sold 2,000 shares of the business’s stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $157.60, for a total value of $315,200.00. Following the transaction, the chief financial officer owned 103,371 shares of the company’s stock, valued at $16,291,269.60. This trade represents a 1.90% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,494 shares of company stock worth $857,593. Insiders own 0.42% of the company’s stock.

Institutional Trading of CBRE Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Obermeyer Wealth Partners raised its position in shares of CBRE Group by 2.8% during the 2nd quarter. Obermeyer Wealth Partners now owns 2,432 shares of the financial services provider’s stock worth $341,000 after buying an additional 66 shares in the last quarter. NewSquare Capital LLC raised its position in shares of CBRE Group by 40.7% during the 2nd quarter. NewSquare Capital LLC now owns 235 shares of the financial services provider’s stock worth $33,000 after buying an additional 68 shares in the last quarter. Fidelis Capital Partners LLC increased its position in shares of CBRE Group by 1.6% during the 2nd quarter. Fidelis Capital Partners LLC now owns 4,292 shares of the financial services provider’s stock valued at $601,000 after purchasing an additional 69 shares during the period. Advisors Capital Management LLC increased its position in shares of CBRE Group by 4.0% during the 2nd quarter. Advisors Capital Management LLC now owns 1,882 shares of the financial services provider’s stock valued at $264,000 after purchasing an additional 73 shares during the period. Finally, Evergreen Capital Management LLC increased its position in shares of CBRE Group by 3.6% during the 2nd quarter. Evergreen Capital Management LLC now owns 2,187 shares of the financial services provider’s stock valued at $306,000 after purchasing an additional 75 shares during the period. 98.41% of the stock is currently owned by institutional investors.

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.