CBRE Group Inc CEO John Durburg Sells 25,000 Shares
John Durburg, CEO of Advisory Services at CBRE Group Inc, executed a sale of 25,000 shares of the company on February 22, 2024, according to a recent SEC filing. The transaction was conducted at an average price of $92.2 per share, resulting in a total value of $2,305,000.
CBRE Group Inc, listed on the NYSE under the ticker CBRE, is a global commercial real estate services and investment firm. The company offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services.
Over the past year, the insider has sold a total of 50,000 shares of CBRE Group Inc and has not made any purchase of the stock. The recent sale represents a continuation of the insider's selling pattern over the period.
The insider transaction history for CBRE Group Inc shows a trend of more insider sales than buys over the past year, with 9 insider sells and 0 insider buys recorded.
On the valuation front, CBRE Group Inc's shares were trading at $92.2 on the day of the insider's sale, giving the company a market capitalization of $27.546 billion. The price-earnings ratio of the stock stands at 28.43, which is above both the industry median of 13.67 and the company's historical median price-earnings ratio.
According to the GuruFocus Value chart, with a stock price of $92.2 and a GF Value of $95.02, CBRE Group Inc is considered to be Fairly Valued, with a price-to-GF-Value ratio of 0.97.
The GF Value is determined by considering historical trading multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on the company's past returns and growth, and future business performance estimates provided by Morningstar analysts.
Investors monitoring insider activity often look for patterns or significant transactions to gauge potential future stock movements. However, insider transactions are not always indicative of future stock performance and may be subject to various personal financial considerations.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
