Raymond James Financial Inc. Buys 84,998 Shares of Cushman & Wakefield PLC $CWK

Key Points

• Raymond James Financial Inc. increased its stake in Cushman & Wakefield PLC by 4.3% during the first quarter, holding approximately $21.16 million in 2,070,020 shares as of the latest SEC filing.
• Multiple institutional investors, including Knights of Columbus and Yousif Capital Management, have also raised their stakes in Cushman & Wakefield, indicating a growing interest in the company.
• Several analysts have recently upgraded their price targets for Cushman & Wakefield, with estimates ranging from $12.00 to $17.50, reflecting positive sentiment toward the stock's potential performance.

Raymond James Financial Inc. grew its holdings in shares of Cushman & Wakefield PLC (NYSE:CWK - Free Report) by 4.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,070,020 shares of the company's stock after acquiring an additional 84,998 shares during the period. Raymond James Financial Inc. owned 0.90% of Cushman & Wakefield worth $21,155,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Jane Street Group LLC grew its holdings in Cushman & Wakefield by 101.8% during the 4th quarter. Jane Street Group LLC now owns 14,542 shares of the company's stock worth $190,000 after acquiring an additional 837,554 shares during the period. First Trust Advisors LP acquired a new stake in Cushman & Wakefield during the 4th quarter worth about $197,000. Capital Insight Partners LLC acquired a new stake in Cushman & Wakefield during the 1st quarter worth about $175,000. Mercer Global Advisors Inc. ADV acquired a new stake in Cushman & Wakefield during the 4th quarter worth about $262,000. Finally, Captrust Financial Advisors acquired a new stake in Cushman & Wakefield during the 4th quarter worth about $270,000. 95.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CWK. JPMorgan Chase & Co. upped their price objective on shares of Cushman & Wakefield from $13.00 to $20.00 and gave the company a "neutral" rating in a report on Tuesday, August 26th. The Goldman Sachs Group upgraded shares of Cushman & Wakefield from a "sell" rating to a "buy" rating and set a $17.50 price objective on the stock in a report on Friday, August 8th. UBS Group upped their price objective on shares of Cushman & Wakefield from $9.00 to $12.00 and gave the company a "neutral" rating in a report on Wednesday, July 2nd. Morgan Stanley set a $14.50 price objective on shares of Cushman & Wakefield and gave the company an "overweight" rating in a report on Thursday, June 12th. Finally, JMP Securities upped their price objective on shares of Cushman & Wakefield from $15.00 to $16.00 and gave the company a "market outperform" rating in a report on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $15.13.

Cushman & Wakefield Stock Down 0.5%

Shares of CWK stock traded down $0.08 on Friday, hitting $15.76. The stock had a trading volume of 1,433,946 shares, compared to its average volume of 2,657,449. The business has a 50 day moving average of $12.79 and a 200 day moving average of $11.13. The stock has a market cap of $3.65 billion, a price-to-earnings ratio of 17.91 and a beta of 1.50. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.13 and a quick ratio of 1.13. Cushman & Wakefield PLC has a 12-month low of $7.64 and a 12-month high of $16.22.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.22 by $0.08. The company had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $2.38 billion. Cushman & Wakefield had a net margin of 2.11% and a return on equity of 14.33%. The firm's revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.20 earnings per share. As a group, analysts expect that Cushman & Wakefield PLC will post 1.2 EPS for the current 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.