Deutsche Bank AG Acquires 75,693 Shares of Cushman & Wakefield plc (NYSE:CWK)

Deutsche Bank AG lifted its stake in shares of Cushman & Wakefield plc (NYSE:CWK - Free Report) by 58.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 206,164 shares of the company's stock after purchasing an additional 75,693 shares during the period. Deutsche Bank AG owned 0.09% of Cushman & Wakefield worth $2,697,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Centiva Capital LP bought a new stake in Cushman & Wakefield during the fourth quarter worth about $325,000. Captrust Financial Advisors bought a new position in Cushman & Wakefield during the 4th quarter worth approximately $270,000. Ameriprise Financial Inc. grew its holdings in Cushman & Wakefield by 0.4% in 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 during the period. Aristeia Capital L.L.C. boosted its holdings in Cushman & Wakefield by 105.0% in the fourth quarter. Aristeia Capital L.L.C. now owns 43,870 shares of the company's stock worth $574,000 after acquiring an additional 22,469 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV bought a new position in shares of Cushman & Wakefield in the 4th quarter worth $262,000. 95.56% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CWK. JPMorgan Chase & Co. cut their price target on shares of Cushman & Wakefield from $17.00 to $14.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. The Goldman Sachs Group reduced their target price on Cushman & Wakefield from $13.00 to $11.50 and set a "sell" rating on the stock in a research note on Wednesday, March 19th. Citigroup lowered their price target on shares of Cushman & Wakefield from $16.00 to $12.00 and set a "neutral" rating for the company in a research note on Monday, March 17th. UBS Group decreased their target price on Cushman & Wakefield from $14.00 to $9.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Finally, Morgan Stanley reduced their price target on Cushman & Wakefield from $15.00 to $14.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $12.93.

Cushman & Wakefield Trading Down 0.1%

Shares of NYSE CWK traded down $0.01 during mid-day trading on Friday, reaching $9.62. 1,534,089 shares of the company's stock were exchanged, compared to its average volume of 2,017,935. Cushman & Wakefield plc has a 52-week low of $7.64 and a 52-week high of $16.11. The company's 50-day moving average is $9.52 and its 200-day moving average is $11.98. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.18 and a current ratio of 1.15. The firm has a market capitalization of $2.22 billion, a price-to-earnings ratio of 17.48 and a beta of 1.37.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.02 by $0.07. Cushman & Wakefield had a net margin of 1.39% and a return on equity of 12.62%. The firm had revenue of $2.28 billion during the quarter, compared to analysts' expectations of $2.26 billion. The business's revenue for the quarter was up 4.6% compared to the same quarter last year. Analysts expect that Cushman & Wakefield plc will post 1.2 EPS for the current fiscal 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.