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) by 27.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 653,278 shares of the financial services provider’s stock after selling 242,743 shares during the quarter. Janus Henderson Group PLC’s holdings in CBRE Group were worth $81,319,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Canton Hathaway LLC bought a new stake in CBRE Group in the 3rd quarter valued at approximately $27,000. American National Bank & Trust bought a new stake in CBRE Group in the 3rd quarter valued at approximately $28,000. Benjamin F. Edwards & Company Inc. lifted its stake in CBRE Group by 190.3% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 328 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 215 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in CBRE Group in the 3rd quarter valued at approximately $32,000. Finally, Wolff Wiese Magana LLC lifted its stake in CBRE Group by 2,830.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 283 shares in the last quarter. Institutional investors own 98.41% of the company’s stock.

CBRE Group Stock Up 0.5 %

CBRE stock opened at $137.76 on Thursday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $42.16 billion, a PE ratio of 44.29 and a beta of 1.39. CBRE Group, Inc. has a 1-year low of $80.61 and a 1-year high of $142.00. The business’s 50 day simple moving average is $129.72 and its 200 day simple moving average is $111.43.

CBRE Group (NYSE:CBRE) last posted its earnings results on Thursday, October 24th. The financial services provider reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.14. The business had revenue of $9.04 billion for the quarter, compared to analyst estimates 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 was up 14.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.72 EPS. As a group, research analysts anticipate that CBRE Group, Inc. will post 4.99 EPS for the current year.

Insider Buying and Selling

In other CBRE Group news, CFO Emma E. Giamartino sold 1,815 shares of the company’s stock in a transaction 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 transaction, the chief financial officer now directly owns 70,154 shares of the company’s stock, valued at $9,214,026.36. This represents a 2.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.54% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Keefe, Bruyette & Woods boosted their target price on CBRE Group from $125.00 to $138.00 and gave the company a “market perform” rating in a research note on Tuesday, October 29th. Evercore ISI upped their price objective on CBRE Group from $123.00 to $132.00 and gave the stock an “outperform” rating in a research note on Friday, October 4th. Citigroup upped their price objective on CBRE Group from $130.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Finally, Wolfe Research upgraded CBRE Group to a “strong-buy” rating in a research note on Friday, August 16th. 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 stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $123.00.

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.