Janus Henderson Group PLC Sells 107,089 Shares of CBRE Group, Inc. (NYSE:CBRE)

Janus Henderson Group PLC lowered its position in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 16.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 546,189 shares of the financial services provider's stock after selling 107,089 shares during the quarter. Janus Henderson Group PLC owned 0.18% of CBRE Group worth $71,705,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Wealth Enhancement Advisory Services LLC raised its position in CBRE Group by 2.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 17,521 shares of the financial services provider's stock valued at $2,181,000 after purchasing an additional 466 shares during the last quarter. Czech National Bank raised its position in CBRE Group by 6.3% in the 4th quarter. Czech National Bank now owns 65,219 shares of the financial services provider's stock valued at $8,563,000 after purchasing an additional 3,860 shares during the last quarter. Wedmont Private Capital raised its position in CBRE Group by 5.8% in the 4th quarter. Wedmont Private Capital now owns 3,747 shares of the financial services provider's stock valued at $463,000 after purchasing an additional 206 shares during the last quarter. Greenfield Savings Bank raised its position in CBRE Group by 5.2% in the 4th quarter. Greenfield Savings Bank now owns 5,138 shares of the financial services provider's stock valued at $675,000 after purchasing an additional 252 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC raised its position in CBRE Group by 18.1% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 3,348 shares of the financial services provider's stock valued at $440,000 after purchasing an additional 513 shares during the last quarter. Institutional investors own 98.41% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Morgan Stanley cut their price objective on CBRE Group from $165.00 to $160.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. JPMorgan Chase & Co. lowered their target price on CBRE Group from $163.00 to $141.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. Keefe, Bruyette & Woods lifted their target price on CBRE Group from $129.00 to $131.00 and gave the company a "market perform" rating in a research note on Wednesday, April 30th. Raymond James cut CBRE Group from a "strong-buy" rating to an "outperform" rating and lowered their target price for the company from $155.00 to $152.00 in a research note on Friday, January 24th. Finally, UBS Group lowered their target price on CBRE Group from $146.00 to $130.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $149.22.

Insiders Place Their Bets

In other news, CFO Emma E. Giamartino sold 2,000 shares of the business's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $125.69, for a total value of $251,380.00. Following the sale, the chief financial officer now directly owns 107,343 shares in the company, valued at $13,491,941.67. The trade was a 1.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Chad J. Doellinger sold 797 shares of the business's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $126.31, for a total value of $100,669.07. Following the completion of the sale, the insider now owns 28,735 shares in the company, valued at approximately $3,629,517.85. This trade represents a 2.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,424 shares of company stock worth $431,064. Corporate insiders own 0.42% of the company's stock.

CBRE Group Trading Up 1.0%

Shares of CBRE Group stock traded up $1.31 during trading on Friday, reaching $131.58. 1,341,461 shares of the company were exchanged, compared to its average volume of 1,810,314. The company has a quick ratio of 1.13, a current ratio of 1.07 and a debt-to-equity ratio of 0.35. CBRE Group, Inc. has a twelve month low of $84.24 and a twelve month high of $147.75. The business has a 50-day moving average price of $124.42 and a 200-day moving average price of $132.05. The firm has a market capitalization of $39.22 billion, a price-to-earnings ratio of 41.90 and a beta of 1.30.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.86 EPS for the quarter, topping analysts' consensus estimates of $0.81 by $0.05. The business had revenue of $8.91 billion during the quarter, compared to analysts' expectations of $8.73 billion. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. The firm's quarterly revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.78 earnings per share. Sell-side analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current fiscal 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.