Cushman & Wakefield PLC $CWK Shares Bought by Deutsche Bank AG

Key Points

• Deutsche Bank AG significantly increased its stake in Cushman & Wakefield PLC by 807.1%, acquiring a total of 1,870,044 shares worth approximately $19.1 million.
• Multiple analysts have raised their target prices for the stock, with UBS Group setting a new target at $12.00, and Goldman Sachs upgrading it to a buy rating with a target of $17.50.
• Cushman & Wakefield reported a quarterly earnings per share (EPS) of $0.30, surpassing estimates and witnessing a revenue increase of 7.2% compared to the previous year.

Deutsche Bank AG boosted its holdings in Cushman & Wakefield PLC (NYSE:CWK - Free Report) by 807.1% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 1,870,044 shares of the company's stock after buying an additional 1,663,880 shares during the period. Deutsche Bank AG owned approximately 0.81% of Cushman & Wakefield worth $19,112,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its position in shares of Cushman & Wakefield by 6.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 11,586,407 shares of the company's stock worth $151,551,000 after purchasing an additional 736,955 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Cushman & Wakefield by 2.1% during the first quarter. Victory Capital Management Inc. now owns 9,380,276 shares of the company's stock worth $95,866,000 after purchasing an additional 194,970 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Cushman & Wakefield by 0.4% during the fourth quarter. Ameriprise Financial Inc. now owns 3,951,305 shares of the company's stock worth $51,683,000 after purchasing an additional 17,050 shares in the last quarter. Northern Trust Corp lifted its position in shares of Cushman & Wakefield by 17.0% during the fourth quarter. Northern Trust Corp now owns 3,783,117 shares of the company's stock worth $49,483,000 after purchasing an additional 549,718 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Cushman & Wakefield by 54.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,067,526 shares of the company's stock worth $40,123,000 after purchasing an additional 1,084,940 shares in the last quarter. Hedge funds and other institutional investors own 95.56% of the company's stock.

Cushman & Wakefield Stock Performance

Shares of Cushman & Wakefield stock traded up $0.07 during trading on Monday, hitting $14.85. 524,352 shares of the stock were exchanged, compared to its average volume of 2,083,268. The stock's fifty day moving average is $11.80 and its 200 day moving average is $10.96. The stock has a market cap of $3.44 billion, a PE ratio of 16.87 and a beta of 1.50. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.13 and a current ratio of 1.13. Cushman & Wakefield PLC has a 12 month low of $7.64 and a 12 month high of $16.11.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.08. Cushman & Wakefield had a net margin of 2.11% and a return on equity of 14.33%. The business had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $2.38 billion. During the same quarter in the prior year, the company posted $0.20 earnings per share. The company'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 EPS for the current year.

Wall Street Analysts Forecast Growth

CWK has been the topic of a number of recent research reports. UBS Group boosted their target price on shares of Cushman & Wakefield from $9.00 to $12.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 2nd. Citizens Jmp initiated coverage on shares of Cushman & Wakefield in a research report on Monday, July 21st. They set a "strong-buy" rating and a $15.00 target price on the stock. The Goldman Sachs Group upgraded shares of Cushman & Wakefield from a "sell" rating to a "buy" rating and set a $17.50 price target for the company in a research note on Friday, August 8th. JMP Securities lifted their price target on shares of Cushman & Wakefield from $15.00 to $16.00 and gave the stock a "market outperform" rating in a research note on Wednesday, August 6th. Finally, Morgan Stanley set a $14.50 price target on shares of Cushman & Wakefield and gave the stock an "overweight" rating in a research note on Thursday, June 12th. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $14.38.

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.