Cbre Group, Inc. (CBG): James R Groch , Chief Financial Officer of Cbre Group, Inc. sold 10,000 shares on May 25, 2016. The Insider selling transaction was reported by the company on May 27, 2016 to the Securities and Exchange Commission. The shares were sold at $30.00 per share for a total value of $300,000.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 12, 2016, Michael Kantor (director) sold 10,980 shares at $29.17 per share price.On May 2, 2016, Michael J Lafitte (Chief Operating Officer) sold 15,000 shares at $31.04 per share price.Also, On Apr 15, 2016, James R Groch (Chief Financial Officer) sold 30,000 shares at $30.00 per share price.On Mar 17, 2016, Frederic V Malek (director) sold 5,924 shares at $27.00 per share price.
CBRE Group Inc: On Wednesday, May 25, 2016 heightened volatility was witnessed in CBRE Group Inc which led to swings in the share price. The shares opened for trading at $29.41 and hit $30.05 on the upside , eventually ending the session at $30, with a gain of 2.81% or 0.82 points. The heightened volatility saw the trading volume jump to 24,09,931 shares. The 52-week high of the share price is $38.76 and the company has a market cap of $10,063 M . The 52-week low of the share price is at $22.735.
Company has been under the radar of several Street Analysts.CBRE Group Inc is Initiated by Keefe Bruyette to Mkt Perform and the brokerage firm has set the Price Target at $32. The Rating was issued on May 16, 2016.
CBRE Group Inc. is a holding company that conducts all of its operations through its indirect subsidiaries. The Company is a commercial real estate services and investment firm. The Company operates through the segments: Americas; Europe Middle East and Africa; Asia Pacific; Global Investment Management and Development Services. It offers services to occupiers owners lenders and investors in office retail industrial multifamily and other types of commercial real estate. Its business is focused on competencies including commercial property and corporate facilities management tenant/occupier and property/agency leasing capital markets solutions (property sales commercial mortgage origination and servicing and debt/structured finance) real estate investment management valuation development services and research. It generates revenues from management fees on a contractual and per-project basis and from commissions on transactions. It also offers Global Workplace Solutions.