In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Cbre Group Inc. (NYSE:CBG) reported that Va Partners I, Llc. has picked up 34,373,250 of common stock as of 2017-05-15.
The acquisition brings the aggregate amount owned by Va Partners I, Llc. to a total of 34,373,250 representing less than 10.2% stake in the company.
For those not familiar with the company, CBRE Group, Inc. is a holding company that conducts all of its operations through its subsidiaries. The Company operates as a commercial real estate services and investment company. The Company operates through the segments: The Americas; Europe, Middle East and Africa (EMEA); Asia Pacific; Global Investment Management, and Development Services. The Company provides commercial real estate services under the CBRE brand name, investment management services under the CBRE Global Investors brand name and development services under the Trammell Crow Company brand name. The Company’s business is focused on commercial property, corporate facilities, project and transaction management, tenant/occupier and property/agency leasing, capital markets solutions (property sales, commercial mortgage brokerage, loan origination and servicing) real estate investment management, valuation, development services and proprietary research.
A glance at Cbre Group Inc. (NYSE:CBG)’s key stats reveals a current market capitalization of 11.61 Billion based on 337.27 Million shares outstanding and a price at last close of $34.58 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-11-09, Valueact picked up 250,000 at a purchase price of $26.97. This brings their total holding to 41,873,250 as of the date of the filing.
On the sell side, the most recent transaction saw Valueact unload 7,500,000 shares at a sale price of $35.20. This brings their total holding to 34,373,250.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Cbre Group Inc. (NYSE:CBG) as things move forward to see if its progress aligns with these transactions.
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