Wells Fargo & Company MN increased its holdings in shares of Cushman & Wakefield plc (NYSE:CWK - Free Report) by 30.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 304,697 shares of the company's stock after purchasing an additional 70,728 shares during the period. Wells Fargo & Company MN owned 0.13% of Cushman & Wakefield worth $3,985,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently added to or reduced their stakes in CWK. Smartleaf Asset Management LLC grew its holdings in Cushman & Wakefield by 264.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,709 shares of the company's stock valued at $48,000 after purchasing an additional 2,691 shares in the last quarter. Blue Trust Inc. boosted its position in Cushman & Wakefield by 26.5% in the 4th 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. Ieq Capital LLC acquired a new stake in shares of Cushman & Wakefield during the fourth quarter valued at about $135,000. Jones Financial Companies Lllp increased its position in shares of Cushman & Wakefield by 143.9% during the fourth 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, AXQ Capital LP acquired a new position in shares of Cushman & Wakefield in the fourth quarter worth about $169,000. 95.56% of the stock is currently owned by institutional investors and hedge funds.
Cushman & Wakefield Stock Performance
Shares of NYSE CWK traded down $0.15 during mid-day trading on Friday, hitting $8.81. The company had a trading volume of 1,343,849 shares, compared to its average volume of 2,107,634. The stock has a market cap of $2.02 billion, a price-to-earnings ratio of 16.02 and a beta of 1.26. The firm's 50 day simple moving average is $10.09 and its two-hundred day simple moving average is $12.43. 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 plc has a 12 month low of $7.64 and a 12 month high of $16.11.
Cushman & Wakefield (NYSE:CWK - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.45 by $0.03. The business had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.67 billion. Cushman & Wakefield had a net margin of 1.39% and a return on equity of 12.62%. As a group, equities research analysts forecast that Cushman & Wakefield plc will post 1.2 earnings per share for the current year.
Analyst Ratings Changes
Several equities research analysts have issued reports on CWK shares. Citigroup dropped their price objective on Cushman & Wakefield from $16.00 to $12.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. JPMorgan Chase & Co. cut their price target on shares of 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 shares of Cushman & Wakefield from $15.00 to $14.00 and set an "overweight" rating for the company in a report on Thursday. The Goldman Sachs Group cut their target price 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. Finally, UBS Group decreased their price target on Cushman & Wakefield from $14.00 to $9.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Cushman & Wakefield presently has an average rating of "Hold" and an average target price of $12.93.
Read Our Latest Stock Analysis on CWK
About Cushman & Wakefield
(
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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