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Emma E. Giamartino, Chief Financial Officer of CBRE Group, Inc. (NYSE:CBRE), a $38 billion market cap real estate services giant, executed a sale of 2,000 shares of the company’s Class A Common Stock on March 17, 2025. While this individual sale comes amid the company’s broader share buyback program, InvestingPro analysis indicates CBRE trades at a relatively high P/E ratio of 41. The shares were sold at a price of $125.69 each, totaling approximately $251,380. Following this transaction, Giamartino holds 107,343 shares directly. The stock has shown strong momentum with a 37.5% return over the past year, though InvestingPro analysis suggests the shares are currently trading above their Fair Value. InvestingPro subscribers have access to 13 additional key insights about CBRE, including detailed financial health metrics that show a "GOOD" overall rating.
In other recent news, CBRE Group reported strong financial results for the fourth quarter of 2024, surpassing analysts’ expectations with an earnings per share (EPS) of $2.32, compared to the forecasted $2.22. The company also exceeded revenue projections, reporting $10.4 billion against the anticipated $10.24 billion. Keefe, Bruyette & Woods analysts have adjusted the price target for CBRE Group shares, increasing it to $145.00 from the previous target of $142.00, while maintaining a Market Perform rating. Additionally, CBRE Group has secured an incremental $750 million in credit, enhancing its financial flexibility for strategic initiatives. The company has also made changes to its executive compensation and amended its bylaws, including the elimination of director term limits. CBRE’s strategic acquisitions and segment reorganizations contributed to record core earnings and free cash flow in the fourth quarter. Despite these positive developments, the company’s stock price experienced a decline, potentially influenced by broader market trends. The firm continues to focus on growth opportunities, with projections for core EPS growth between $5.80 and $6.10 for 2025.
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