Deutsche Bank AG Grows Stock Holdings in Cushman & Wakefield plc (NYSE:CWK)

Deutsche Bank AG raised its position in Cushman & Wakefield plc (NYSE:CWK - Free Report) by 58.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 206,164 shares of the company's stock after purchasing an additional 75,693 shares during the quarter. Deutsche Bank AG owned about 0.09% of Cushman & Wakefield worth $2,697,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in CWK. Blue Trust Inc. lifted its holdings in Cushman & Wakefield by 26.5% in the fourth quarter. Blue Trust Inc. now owns 4,429 shares of the company's stock valued at $60,000 after acquiring an additional 928 shares during the last quarter. Xponance Inc. lifted its stake in shares of Cushman & Wakefield by 9.4% in the 4th quarter. Xponance Inc. now owns 16,484 shares of the company's stock valued at $216,000 after purchasing an additional 1,423 shares during the last quarter. State of New Jersey Common Pension Fund D grew its holdings in shares of Cushman & Wakefield by 1.2% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 150,910 shares of the company's stock worth $1,974,000 after purchasing an additional 1,769 shares during the period. Rhumbline Advisers increased its position in shares of Cushman & Wakefield by 0.3% during the 4th quarter. Rhumbline Advisers now owns 714,630 shares of the company's stock worth $9,347,000 after purchasing an additional 1,958 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in Cushman & Wakefield by 264.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,709 shares of the company's stock worth $48,000 after buying an additional 2,691 shares during the period. Hedge funds and other institutional investors own 95.56% of the company's stock.

Cushman & Wakefield Stock Up 4.1%

NYSE:CWK traded up $0.40 during midday trading on Tuesday, reaching $10.03. The company had a trading volume of 1,356,989 shares, compared to its average volume of 2,015,291. Cushman & Wakefield plc has a 12-month low of $7.64 and a 12-month high of $16.11. The firm has a market capitalization of $2.32 billion, a price-to-earnings ratio of 18.23 and a beta of 1.37. The company has a current ratio of 1.15, a quick ratio of 1.18 and a debt-to-equity ratio of 1.67. The stock's fifty day simple moving average is $9.49 and its 200-day simple moving average is $11.91.

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

Analyst Ratings Changes

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

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.