CBRE Global Group President for Lines of Business & Client Care Mike Lafitte sold 27,775 shares of CBRE stock last week. He sold at an average of $35.71 per share, netting $991,845.25, according to a filing with the Securities and Exchange Commission.
The stock sale took place on Tuesday, Aug. 22, less than a month after CBRE reported second-quarter revenue of $3.34B, a 4% year-over-year increase, on July 27.
CBRE Group also reported a 4% year-over-year rise in second-quarter revenues from The Americas, its largest business segment, according to Zacks.com.
CBRE’s growth has garnered the interest of investors like BB&T Investment Services Inc. and GQG Partners, which are increasing their positions in the company, according to Zolmax News.
Lafitte previously served as CBRE’s chief operating officer and as president for the Americas. As Global Group President, Lines of Business & Client Care, Lafitte focuses on the development of CBRE’s service lines.
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