KBC Group NV Sells 197,621 Shares of Cushman & Wakefield PLC (NYSE:CWK)

KBC Group NV lowered its stake in shares of Cushman & Wakefield PLC (NYSE:CWK - Free Report) by 94.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. 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 filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its position in shares of Cushman & Wakefield by 4.0% in the 4th quarter. Bank of New York Mellon Corp now owns 1,642,784 shares of the company's stock valued at $21,488,000 after acquiring an additional 63,822 shares during the period. Proficio Capital Partners LLC bought a new position in Cushman & Wakefield during the 4th quarter worth approximately $318,000. Smartleaf Asset Management LLC boosted its stake in Cushman & Wakefield by 264.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,709 shares of the company's stock worth $48,000 after acquiring an additional 2,691 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in Cushman & Wakefield by 143.9% during the 4th quarter. Jones Financial Companies Lllp now owns 11,188 shares of the company's stock worth $146,000 after acquiring an additional 6,600 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Cushman & Wakefield by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,027,744 shares of the company's stock worth $52,683,000 after acquiring an additional 52,178 shares during the last quarter. Institutional investors own 95.56% of the company's stock.

Cushman & Wakefield Stock Up 0.5%

CWK traded up $0.06 during trading on Wednesday, reaching $11.51. The company had a trading volume of 22,431 shares, compared to its average volume of 2,001,588. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.18 and a quick ratio of 1.18. Cushman & Wakefield PLC has a 12 month low of $7.64 and a 12 month high of $16.11. The business's fifty day moving average price is $10.47 and its 200 day moving average price is $11.09. The company has a market cap of $2.66 billion, a P/E ratio of 16.66 and a beta of 1.43.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last announced 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 net margin of 1.70% and a return on equity of 13.50%. The firm had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.26 billion. The company's 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.

Wall Street Analyst Weigh In

CWK has been the topic of several recent analyst reports. Wall Street Zen lowered shares of Cushman & Wakefield from a "strong-buy" rating to a "buy" rating in a research note on Sunday, June 22nd. Morgan Stanley set a $14.50 price objective on shares of Cushman & Wakefield and gave the stock an "overweight" rating in a research note on Thursday, June 12th. The Goldman Sachs Group reduced their price objective on shares of Cushman & Wakefield from $13.00 to $11.50 and set a "sell" rating on the stock in a research note on Wednesday, March 19th. JPMorgan Chase & Co. reduced 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 note on Thursday, April 10th. Finally, UBS Group lifted their price objective 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 analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $13.43.

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.