GuruFocus - On September 3, 2024, Daniel Queenan, CEO of Real Estate Investments at CBRE Group Inc (NYSE:CBRE), executed a sale of 10,000 shares of the company. The transaction was filed on the same day with the SEC. Following this sale, the insider now owns 217,094 shares of CBRE Group Inc.
CBRE Group Inc operates globally as a commercial real estate services and investment firm. The company offers a broad range of services, including facilities management, property management, transaction and project management; property leasing; investment management; property sales; mortgage services and development services.
Over the past year, Daniel Queenan has sold a total of 20,000 shares and has not made any purchases. The recent sale reflects a continuation of this selling trend.
The insider transaction history for CBRE Group Inc shows a pattern of more sales than purchases among insiders. Over the past year, there has been only 1 insider buy compared to 11 insider sells.
Shares of CBRE Group Inc were trading at $114.67 on the day of the transaction. The company has a market cap of approximately $34.98 billion. The price-earnings ratio of the stock stands at 38.18, significantly above both the industry median of 14.31 and the company's historical median.
According to the GF Value, which is an intrinsic value estimate used by GuruFocus, CBRE Group Inc is considered Modestly Overvalued with a price-to-GF-Value ratio of 1.18. The GF Value of $97.05 is calculated based on historical trading multiples, an adjustment factor based on past returns and growth, and future business performance estimates from analysts.
This recent insider activity might be of interest to investors tracking insider behaviors as an indicator of potential future stock performance, particularly in the context of the company's valuation and market performance.
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.
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