Recent Insider Activity: CBRE (CBG)

CBRE Group Inc (NYSE:CBG) insider has recently participated in insider trading activity. Director, ValueAct Holdings, L.P. bought 75,700 shares for $ 1,812,258 via one transaction Feb 12. Following the transaction, the insider now owns 32,931,905 shares in total, priced at $ 850960425.2 as of Wednesday. Another notable insider trading was done by the same insider on Feb 11. ValueAct Holdings, L.P. acquired 550,000 shares at an average price of $23.61 for a total of $ 12,986,000. Moreover, this insider carried out a sale of 178,800 shares at $23.61 each on Feb 10. The transaction amounted to $ 4,221,972 . The insider also sold 450,000 shares for $ 10,488,000 through one transaction Feb 09.

The stock has experienced a total of 26 insider trades in the past three months. These trades include 10 sell activities and 16 buy trades. Furthermore, over the past 12 months, the stock was traded 93 times by insiders. In 51 of these trades, the insider was a seller while an employee of the company was the buyer in just 42 instances.

On February 16, 2016, CBRE Group Inc (CBG) announced that it is in discussions with its lenders about extending the maturity on its revolving credit facility to five years from the closing of the facility amendment. The proposed amendment would also accommodate up to $200 million of additional capacity under its existing revolving credit facility by increasing total capacity to up to $2.8 billion. The Company had no outstanding borrowings on its revolving credit facility at year-end 2015.

CBRE Group, Inc. operates as a commercial real estate services and investment company worldwide. The company operates through Americas; Europe, Middle East and Africa; Asia Pacific; Global Investment Management; and Development Services segments. It provides advisory services, such as strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing, disposition, and acquisition of property; integrated investment sales and debt/structured financing services under the CBRE Capital Markets brand; and valuation services, including market value appraisals, litigation support, discounted cash flow analyses, feasibility and fairness opinions, and property condition and environmental consulting, as well as originates and services commercial mortgage loans. The company also offers outsourcing services comprising portfolio and transaction management, project management, facilities management, and strategic consulting to occupiers of real estate; and property management services consisting of construction management, marketing, leasing, building engineering, accounting, and financial services for owners/investors in office, industrial, and retail properties.