Janus Henderson Group PLC Sells 242,743 Shares of CBRE Group, Inc. (NYSE:CBRE)

Janus Henderson Group PLC decreased its position in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 27.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 653,278 shares of the financial services provider's stock after selling 242,743 shares during the quarter. Janus Henderson Group PLC owned approximately 0.21% of CBRE Group worth $81,319,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Canton Hathaway LLC bought a new position in CBRE Group in the third quarter valued at about $27,000. American National Bank & Trust purchased a new stake in CBRE Group in the third quarter worth about $28,000. Benjamin F. Edwards & Company Inc. increased its position in CBRE Group by 190.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 328 shares of the financial services provider's stock worth $29,000 after buying an additional 215 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in CBRE Group in the third quarter worth about $32,000. Finally, Wolff Wiese Magana LLC increased its position in CBRE Group by 2,830.0% in the third quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider's stock worth $36,000 after buying an additional 283 shares in the last quarter. Institutional investors own 98.41% of the company's stock.

Wall Street Analyst Weigh In

CBRE has been the subject of a number of analyst reports. Citigroup upped their price target on CBRE Group from $130.00 to $160.00 and gave the stock a "buy" rating in a research report on Monday, November 25th. Evercore ISI upped their price target on CBRE Group from $123.00 to $132.00 and gave the stock an "outperform" rating in a research report on Friday, October 4th. Wolfe Research upgraded CBRE Group to a "strong-buy" rating in a research report on Friday, August 16th. Finally, Keefe, Bruyette & Woods increased their target price on CBRE Group from $125.00 to $138.00 and gave the stock a "market perform" rating in a research report on Tuesday, October 29th. Five analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, CBRE Group presently has an average rating of "Moderate Buy" and an average target price of $123.00.

Insider Buying and Selling at CBRE Group

In other news, CFO Emma E. Giamartino sold 1,815 shares of the firm's stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $131.34, for a total value of $238,382.10. Following the completion of the sale, the chief financial officer now directly owns 70,154 shares of the company's stock, valued at $9,214,026.36. This trade represents a 2.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.54% of the stock is currently owned by company insiders.

CBRE Group Price Performance

NYSE CBRE traded down $1.33 during trading on Thursday, hitting $136.42. 1,382,413 shares of the stock traded hands, compared to its average volume of 1,688,176. The company has a market capitalization of $41.75 billion, a P/E ratio of 43.87 and a beta of 1.39. The firm has a 50-day simple moving average of $129.97 and a 200-day simple moving average of $111.60. 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, Inc. has a 12-month low of $80.97 and a 12-month high of $142.00.

CBRE Group (NYSE:CBRE - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.14. The business had revenue of $9.04 billion during the quarter, compared to analysts' expectations of $8.80 billion. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. The firm's revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.72 EPS. As a group, analysts predict that CBRE Group, Inc. will post 4.99 EPS for the current year.

CBRE Group 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.