What Did This CEO Just Do with Personal Shares of CBRE Group (NYSE: CBRE)?

Yesterday, the CEO, Advisory Services of CBRE Group (CBREResearch Report), Michael Lafitte, sold shares of CBRE for $1.5M.

Following Michael Lafitte’s last CBRE Sell transaction on March 13, 2019, the stock climbed by 5.5%.

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Based on CBRE Group’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $5.93 billion and quarterly net profit of $257 million. In comparison, last year the company earned revenue of $5.26 billion and had a net profit of $290 million. The company has a one-year high of $56.72 and a one-year low of $37.45. CBRE’s market cap is $18.7B and the company has a P/E ratio of 18.37.

The insider sentiment on CBRE Group has been negative according to 85 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Michael Lafitte’s trades have generated a -10.6% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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CBRE Group, Inc. engages in the provision of commercial real estate and investment services. It operates through the following segments: Americas; Europe, Middle East and Africa (EMEA); Asia Pacific; Global Investment Management, and Development Services.