Northern Trust Corp Buys 549,718 Shares of Cushman & Wakefield plc (NYSE:CWK)

Northern Trust Corp grew its position in shares of Cushman & Wakefield plc (NYSE:CWK - Free Report) by 17.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,783,117 shares of the company's stock after buying an additional 549,718 shares during the quarter. Northern Trust Corp owned approximately 1.65% of Cushman & Wakefield worth $49,483,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of CWK. Barclays PLC grew its position in Cushman & Wakefield by 322.6% during the 3rd quarter. Barclays PLC now owns 394,327 shares of the company's stock worth $5,374,000 after acquiring an additional 301,017 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Cushman & Wakefield by 87.1% during the third quarter. Franklin Resources Inc. now owns 319,718 shares of the company's stock worth $3,993,000 after purchasing an additional 148,813 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Cushman & Wakefield by 53.2% during the third quarter. Principal Financial Group Inc. now owns 1,493,298 shares of the company's stock worth $20,354,000 after purchasing an additional 518,500 shares during the last quarter. Merit Financial Group LLC increased its stake in shares of Cushman & Wakefield by 20.4% in the fourth quarter. Merit Financial Group LLC now owns 18,054 shares of the company's stock valued at $236,000 after buying an additional 3,054 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of 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 buying an additional 928 shares during the last quarter. Institutional investors and hedge funds own 95.56% of the company's stock.

Cushman & Wakefield Trading Down 0.1 %

Shares of CWK stock traded down $0.01 during trading hours on Friday, reaching $10.23. The company had a trading volume of 1,910,928 shares, compared to its average volume of 2,149,551. The company has a 50 day moving average of $9.66 and a 200 day moving average of $12.21. Cushman & Wakefield plc has a 1-year low of $7.64 and a 1-year high of $16.11. The firm has a market cap of $2.37 billion, a price-to-earnings ratio of 18.60 and a beta of 1.37. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.15 and a quick ratio of 1.18.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last released its earnings results 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 return on equity of 12.62% and a net margin of 1.39%. The firm had revenue of $2.28 billion for 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, equities research analysts anticipate that Cushman & Wakefield plc will post 1.2 EPS for the current year.

Wall Street Analyst Weigh In

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

About Cushman & Wakefield

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.