Ameriprise Financial Inc. Has $41.11 Million Holdings in Cushman & Wakefield PLC $CWK

Key Points

• Ameriprise Financial Inc. increased its stake in Cushman & Wakefield PLC by 1.8% in Q1, owning approximately 4,022,204 shares valued at $41.11 million.
• Various institutional investors have also heightened their holdings in Cushman & Wakefield, with significant increases reported by firms like Dimensional Fund Advisors and UBS AM.
• Wall Street analysts have set a consensus price target of $15.13 for Cushman & Wakefield, with ratings ranging from "Strong Buy" to "Hold" by multiple analysts.

Ameriprise Financial Inc. lifted its holdings in Cushman & Wakefield PLC (NYSE:CWK - Free Report) by 1.8% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,022,204 shares of the company's stock after purchasing an additional 70,899 shares during the period. Ameriprise Financial Inc. owned about 1.74% of Cushman & Wakefield worth $41,107,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Capital Insight Partners LLC purchased a new position in shares of Cushman & Wakefield in the first quarter valued at $175,000. Jane Street Group LLC grew its stake in shares of Cushman & Wakefield by 101.8% during the fourth quarter. Jane Street Group LLC now owns 14,542 shares of the company's stock worth $190,000 after acquiring an additional 837,554 shares during the last quarter. First Trust Advisors LP acquired a new stake in shares of Cushman & Wakefield during the fourth quarter worth about $197,000. Entropy Technologies LP acquired a new position in shares of Cushman & Wakefield in the 1st quarter valued at $242,000. Finally, Mercer Global Advisors Inc. ADV acquired a new position in shares of Cushman & Wakefield during the 4th quarter worth approximately $262,000. 95.56% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CWK has been the subject of several analyst reports. Citizens Jmp started coverage on Cushman & Wakefield in a report on Monday, July 21st. They issued a "strong-buy" rating and a $15.00 target price for the company. Morgan Stanley set a $14.50 target price on Cushman & Wakefield and gave the company an "overweight" rating in a research note on Thursday, June 12th. Wall Street Zen raised Cushman & Wakefield from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 9th. The Goldman Sachs Group raised Cushman & Wakefield from a "sell" rating to a "buy" rating and set a $17.50 price target for the company in a research report on Friday, August 8th. Finally, JPMorgan Chase & Co. boosted their price target on Cushman & Wakefield from $13.00 to $20.00 and gave the company a "neutral" rating in a research report on Tuesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $15.13.

Cushman & Wakefield Stock Performance

CWK stock traded down $0.31 during trading on Tuesday, reaching $15.47. 1,108,892 shares of the stock were exchanged, compared to its average volume of 2,093,363. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.48. The stock has a 50 day simple moving average of $12.89 and a 200-day simple moving average of $11.14. The company has a market capitalization of $3.58 billion, a P/E ratio of 17.58 and a beta of 1.52. Cushman & Wakefield PLC has a twelve month low of $7.64 and a twelve month high of $16.22.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $0.08. Cushman & Wakefield had a net margin of 2.11% and a return on equity of 14.33%. The company had revenue of $1.65 billion during the quarter, compared to analysts' expectations of $2.38 billion. During the same quarter in the previous year, the company posted $0.20 earnings per share. Cushman & Wakefield's quarterly revenue was up 7.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Cushman & Wakefield PLC will post 1.2 earnings per share for the current year.

Cushman & Wakefield Company Profile

Cushman & Wakefield Plc engages in the provision of commercial real estate services. It operates through the following geographical segments: Americas, Europe, Middle East and Africa (EMEA), and Asia Pacific (APAC). The Americas segment consists of operations located in the United States, Canada and key markets in Latin America.