Cushman & Wakefield PLC (NYSE:CWK) Stock Position Increased by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its holdings in shares of Cushman & Wakefield PLC (NYSE:CWK - Free Report) by 2.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,380,276 shares of the company's stock after acquiring an additional 194,970 shares during the quarter. Victory Capital Management Inc. owned approximately 4.08% of Cushman & Wakefield worth $95,866,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. JPMorgan Chase & Co. grew its stake in Cushman & Wakefield by 6.3% in the fourth quarter. JPMorgan Chase & Co. now owns 13,700,599 shares of the company's stock valued at $179,204,000 after acquiring an additional 806,684 shares during the period. Dimensional Fund Advisors LP boosted its stake in Cushman & Wakefield by 6.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 11,586,407 shares of the company's stock valued at $151,551,000 after purchasing an additional 736,955 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in Cushman & Wakefield by 0.4% during the fourth quarter. Ameriprise Financial Inc. now owns 3,951,305 shares of the company's stock valued at $51,683,000 after acquiring an additional 17,050 shares during the period. Northern Trust Corp increased its stake in 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 acquiring an additional 549,718 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted 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 valued at $40,123,000 after buying an additional 1,084,940 shares during the period. Institutional investors and hedge funds own 95.56% of the company's stock.

Cushman & Wakefield Stock Up 0.6%

Cushman & Wakefield stock opened at $11.28 on Friday. The company has a market cap of $2.61 billion, a PE ratio of 16.35 and a beta of 1.43. Cushman & Wakefield PLC has a fifty-two week low of $7.64 and a fifty-two week high of $16.11. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.18 and a current ratio of 1.18. The business's 50-day simple moving average is $10.69 and its two-hundred day simple moving average is $11.02.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.09 earnings per share for the quarter, beating 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 company had revenue of $2.28 billion for the quarter, compared to analysts' expectations of $2.26 billion. The firm's quarterly revenue was up 4.6% on a year-over-year basis. Equities analysts anticipate that Cushman & Wakefield PLC will post 1.2 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on CWK. Morgan Stanley set a $14.50 price target on shares of Cushman & Wakefield and gave the company an "overweight" rating in a research note on Thursday, June 12th. UBS Group upped their price target 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. Wall Street Zen upgraded shares of Cushman & Wakefield from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 12th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Cushman & Wakefield from $17.00 to $14.00 and set a "neutral" rating on the stock in a research report on Thursday, April 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $13.43.

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.

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