Russell Investments Group Ltd. Raises Holdings in Cushman & Wakefield plc (NYSE:CWK)

Russell Investments Group Ltd. increased its stake in shares of Cushman & Wakefield plc (NYSE:CWK - Free Report) by 198.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 563,431 shares of the company's stock after buying an additional 374,562 shares during the period. Russell Investments Group Ltd. owned about 0.25% of Cushman & Wakefield worth $7,370,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in CWK. State Street Corp raised its position in shares of Cushman & Wakefield by 9.8% in the third quarter. State Street Corp now owns 8,463,595 shares of the company's stock valued at $115,359,000 after purchasing an additional 756,966 shares during the period. Wolverine Trading LLC purchased a new stake in shares of Cushman & Wakefield during the third quarter worth $165,000. XTX Topco Ltd grew its position in shares of Cushman & Wakefield by 4.8% in the third quarter. XTX Topco Ltd now owns 19,849 shares of the company's stock valued at $271,000 after purchasing an additional 903 shares in the last quarter. Barclays PLC raised its stake in shares of Cushman & Wakefield by 322.6% during the 3rd quarter. Barclays PLC now owns 394,327 shares of the company's stock valued at $5,374,000 after purchasing an additional 301,017 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Cushman & Wakefield by 7.5% during the 3rd quarter. Geode Capital Management LLC now owns 5,696,370 shares of the company's stock worth $77,656,000 after purchasing an additional 395,652 shares in the last quarter. Institutional investors own 95.56% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Jefferies Financial Group downgraded shares of Cushman & Wakefield from a "buy" rating to a "hold" rating and lowered their price target for the stock from $18.00 to $14.00 in a report on Thursday, January 2nd. JPMorgan Chase & Co. cut their price target on shares of Cushman & Wakefield from $17.00 to $14.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. UBS Group decreased their price target on shares of Cushman & Wakefield from $14.00 to $9.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Citigroup dropped their price objective 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. Finally, 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 note on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $12.75.

Cushman & Wakefield Price Performance

CWK stock traded up $0.14 during mid-day trading on Friday, hitting $8.29. 3,141,501 shares of the stock were exchanged, compared to its average volume of 2,092,595. The business has a fifty day moving average price of $10.64 and a 200 day moving average price of $12.61. Cushman & Wakefield plc has a 12 month low of $7.64 and a 12 month high of $16.11. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.15 and a quick ratio of 1.18. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of 15.08 and a beta of 1.26.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.48 earnings per share for the quarter, topping analysts' consensus estimates of $0.45 by $0.03. Cushman & Wakefield had a return on equity of 12.62% and a net margin of 1.39%. The company had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.67 billion. On average, sell-side analysts anticipate that Cushman & Wakefield plc will post 1.2 EPS for the current year.

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.