Pallas Capital Advisors LLC Makes New $559,000 Investment in CBRE Group, Inc. (NYSE:CBRE)

Pallas Capital Advisors LLC bought a new stake in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,273 shares of the financial services provider's stock, valued at approximately $559,000.

A number of other large investors have also recently modified their holdings of CBRE. Brighton Jones LLC boosted its stake in shares of CBRE Group by 322.9% during the 4th quarter. Brighton Jones LLC now owns 14,492 shares of the financial services provider's stock valued at $1,903,000 after purchasing an additional 11,065 shares in the last quarter. Union Bancaire Privee UBP SA bought a new stake in CBRE Group during the fourth quarter worth about $7,549,000. Empowered Funds LLC boosted its stake in CBRE Group by 236.3% during the fourth quarter. Empowered Funds LLC now owns 16,056 shares of the financial services provider's stock worth $2,108,000 after acquiring an additional 11,282 shares in the last quarter. Kestra Private Wealth Services LLC boosted its stake in CBRE Group by 119.8% during the fourth quarter. Kestra Private Wealth Services LLC now owns 5,428 shares of the financial services provider's stock worth $713,000 after acquiring an additional 2,959 shares in the last quarter. Finally, Savant Capital LLC boosted its stake in CBRE Group by 19.0% during the fourth quarter. Savant Capital LLC now owns 6,875 shares of the financial services provider's stock worth $903,000 after acquiring an additional 1,098 shares in the last quarter. Institutional investors own 98.41% of the company's stock.

Insider Transactions at CBRE Group

In related news, insider Chad J. Doellinger sold 494 shares of the firm's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $126.05, for a total transaction of $62,268.70. Following the completion of the transaction, the insider now directly owns 27,945 shares of the company's stock, valued at approximately $3,522,467.25. This trade represents a 1.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Emma E. Giamartino sold 1,972 shares of the firm's stock in a transaction on Monday, May 19th. The shares were sold at an average price of $129.10, for a total transaction of $254,585.20. Following the transaction, the chief financial officer now directly owns 105,371 shares of the company's stock, valued at $13,603,396.10. The trade was a 1.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,599 shares of company stock valued at $584,980 over the last three months. Corporate insiders own 0.42% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on CBRE. Morgan Stanley boosted their price objective on shares of CBRE Group from $160.00 to $170.00 and gave the stock an "overweight" rating in a research note on Thursday. Keefe, Bruyette & Woods boosted their price objective on shares of CBRE Group from $129.00 to $131.00 and gave the stock a "market perform" rating in a research note on Wednesday, April 30th. JPMorgan Chase & Co. decreased their target price on shares of CBRE Group from $163.00 to $141.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. Wall Street Zen cut shares of CBRE Group from a "buy" rating to a "hold" rating in a report on Saturday. Finally, UBS Group decreased their target price on shares of CBRE Group from $146.00 to $130.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $150.33.

CBRE Group Stock Performance

Shares of CBRE traded down $2.65 during mid-day trading on Friday, hitting $132.87. 1,097,705 shares of the company traded hands, compared to its average volume of 1,826,725. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.07. The stock has a 50-day moving average price of $124.20 and a two-hundred day moving average price of $131.14. CBRE Group, Inc. has a 1 year low of $85.74 and a 1 year high of $147.75. The stock has a market cap of $39.61 billion, a price-to-earnings ratio of 42.32 and a beta of 1.29.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.86 earnings per share for the quarter, beating analysts' consensus estimates of $0.81 by $0.05. The firm had revenue of $8.91 billion for 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 business's quarterly revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.78 EPS. Equities analysts anticipate that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

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.