CBRE Group Announces $5B Increase in Stock Repurchase Authorization

Boosting shareholders’ wealth, CBRE Group’s (CBRE) board of directors approved an additional $5 billion increase in the company’s stock repurchase authorization.This approved expanded authorization supplements CBRE’s existing $4 billion stock repurchase authorization, which had approximately $1.4 billion remaining as of Sept. 30, 2024. Since 2021, CBRE has repurchased 36 million shares at an estimated cost of $3 billion, with a weighted average price of approximately $83.50 per share.The expanded authorizat ...