Cushman & Wakefield PLC (NYSE:CWK) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lowered its stake in shares of Cushman & Wakefield PLC (NYSE:CWK - Free Report) by 4.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,573,000 shares of the company's stock after selling 69,784 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.68% of Cushman & Wakefield worth $16,076,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Knights of Columbus Asset Advisors LLC purchased a new position in Cushman & Wakefield in the fourth quarter valued at approximately $1,003,000. Principal Financial Group Inc. lifted its position in Cushman & Wakefield by 2.6% in the 1st quarter. Principal Financial Group Inc. now owns 1,307,884 shares of the company's stock worth $13,367,000 after buying an additional 32,795 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Cushman & Wakefield by 6.3% in the 4th quarter. JPMorgan Chase & Co. now owns 13,700,599 shares of the company's stock valued at $179,204,000 after buying an additional 806,684 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Cushman & Wakefield by 2.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 584,353 shares of the company's stock valued at $5,972,000 after acquiring an additional 11,247 shares during the period. Finally, Norges Bank bought a new stake in shares of Cushman & Wakefield in the fourth quarter valued at approximately $38,720,000. Hedge funds and other institutional investors own 95.56% of the company's stock.

Cushman & Wakefield Stock Up 2.1%

Cushman & Wakefield stock traded up $0.23 during mid-day trading on Monday, reaching $11.41. The stock had a trading volume of 1,885,222 shares, compared to its average volume of 1,963,149. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.18 and a current ratio of 1.18. Cushman & Wakefield PLC has a fifty-two week low of $7.64 and a fifty-two week high of $16.11. The stock's 50-day simple moving average is $10.71 and its 200-day simple moving average is $10.98. The firm has a market capitalization of $2.64 billion, a PE ratio of 16.54 and a beta of 1.43.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.07. Cushman & Wakefield had a return on equity of 13.50% and a net margin of 1.70%. The business had revenue of $2.28 billion for the quarter, compared to analysts' expectations of $2.26 billion. The company's revenue for the quarter was up 4.6% compared to the same quarter last year. On average, sell-side analysts forecast that Cushman & Wakefield PLC will post 1.2 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on CWK shares. UBS Group boosted their price objective on Cushman & Wakefield from $9.00 to $12.00 and gave the company a "neutral" rating in a research report on Wednesday, July 2nd. JMP Securities assumed coverage on Cushman & Wakefield in a research note on Monday. They set a "market outperform" rating and a $15.00 target price for the company. Morgan Stanley set a $14.50 price objective on shares of Cushman & Wakefield and gave the company an "overweight" rating in a research note on Thursday, June 12th. Wall Street Zen downgraded Cushman & Wakefield from a "strong-buy" rating to a "buy" rating in a research note on Sunday. Finally, JPMorgan Chase & Co. lowered their target price on Cushman & Wakefield from $17.00 to $14.00 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $13.78.

Cushman & Wakefield 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.