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Chad J. Doellinger, the Chief Legal & Administrative Officer of CBRE Group, Inc. (NYSE:CBRE), recently executed significant stock transactions. According to a Form 4 filing with the Securities and Exchange Commission, Doellinger sold a total of 913 shares of CBRE’s Class A Common Stock over two days, resulting in proceeds of approximately $115,602. The sales occurred on March 11 and March 12, at prices ranging from $126.31 to $128.74 per share.
These transactions reduced Doellinger’s direct holdings to 28,619 shares. Additionally, on March 10, Doellinger disposed of 156 shares at a price of $125.92 per share, totaling $19,643, but this transaction was not a sale. For deeper insights into insider transactions and comprehensive analysis, InvestingPro subscribers can access detailed insider trading patterns and 15+ additional ProTips for CBRE.
CBRE Group, headquartered in Dallas, Texas, is a global leader in real estate services and investment, with a market capitalization of $37.7 billion and robust revenue growth of ~12% in the last twelve months. The company maintains a moderate debt level and has demonstrated strong returns over the past decade.
In other recent news, CBRE Group Inc. reported robust financial results for Q4 2024, exceeding analysts’ expectations with an earnings per share (EPS) of $2.32, compared to the forecasted $2.22. The company also surpassed revenue projections, reporting $10.4 billion against the anticipated $10.24 billion. Despite these strong earnings, CBRE’s stock price experienced a dip, potentially due to broader market conditions. In a move reflecting confidence in its growth prospects, CBRE has reorganized into four business segments to streamline operations and enhance growth. Additionally, Keefe, Bruyette & Woods raised the price target for CBRE shares to $145, maintaining a Market Perform rating. The firm anticipates a 16% annual EPS growth rate driven by transaction growth and gains in facilities and project management. CBRE also announced changes to its executive compensation, with significant adjustments to the salaries and performance targets for top executives. Furthermore, the company amended its bylaws to remove the director term limit, signaling a shift in governance practices.
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