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KBC Group NV Has $109,000 Stock Holdings in Cushman & Wakefield PLC (NYSE:CWK)

Cushman & Wakefield logo with Finance background

KBC Group NV lowered its stake in Cushman & Wakefield PLC (NYSE:CWK - Free Report) by 94.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,668 shares of the company's stock after selling 197,621 shares during the period. KBC Group NV's holdings in Cushman & Wakefield were worth $109,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Vestcor Inc boosted its stake in Cushman & Wakefield by 316.7% during the 4th quarter. Vestcor Inc now owns 70,529 shares of the company's stock valued at $923,000 after purchasing an additional 53,602 shares during the period. Knights of Columbus Asset Advisors LLC bought a new stake in Cushman & Wakefield in the 4th quarter valued at $1,003,000. JPMorgan Chase & Co. grew its position in Cushman & Wakefield by 6.3% in the 4th quarter. JPMorgan Chase & Co. now owns 13,700,599 shares of the company's stock worth $179,204,000 after purchasing an additional 806,684 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in Cushman & Wakefield in the 4th quarter worth $318,000. Finally, Channing Capital Management LLC acquired a new position in shares of Cushman & Wakefield during the fourth quarter valued at about $61,732,000. Institutional investors and hedge funds own 95.56% of the company's stock.

Cushman & Wakefield Price Performance

CWK stock traded down $0.13 during midday trading on Friday, reaching $11.70. 2,823,535 shares of the company's stock traded hands, compared to its average volume of 1,967,322. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.64. The company has a market cap of $2.71 billion, a price-to-earnings ratio of 16.96 and a beta of 1.43. The company has a 50-day simple moving average of $10.56 and a two-hundred day simple moving average of $11.08. Cushman & Wakefield PLC has a 1-year low of $7.64 and a 1-year high of $16.11.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.07. Cushman & Wakefield had a net margin of 1.70% and a return on equity of 13.50%. The firm had revenue of $2.28 billion during 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, analysts anticipate that Cushman & Wakefield PLC will post 1.2 earnings per share for the current year.

Analyst Ratings Changes

CWK has been the topic of a number of recent research reports. The Goldman Sachs Group decreased their target price on Cushman & Wakefield from $13.00 to $11.50 and set a "sell" rating on the stock in a research report on Wednesday, March 19th. Citigroup cut their target price on Cushman & Wakefield from $16.00 to $12.00 and set a "neutral" rating for the company in a research note on Monday, March 17th. Morgan Stanley set a $14.50 price objective on shares of Cushman & Wakefield and gave the stock an "overweight" rating in a report on Thursday, June 12th. Wall Street Zen cut shares of Cushman & Wakefield from a "strong-buy" rating to a "buy" rating in a research note on Sunday, June 22nd. Finally, UBS Group raised their price target on shares of Cushman & Wakefield from $9.00 to $12.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $13.43.

View Our Latest Research Report on Cushman & Wakefield

Cushman & Wakefield Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Cushman & Wakefield (NYSE:CWK)

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