Raymond James Financial Inc. Makes New $25.96 Million Investment in Cushman & Wakefield plc (NYSE:CWK)

Raymond James Financial Inc. purchased a new position in shares of Cushman & Wakefield plc (NYSE:CWK - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,985,022 shares of the company's stock, valued at approximately $25,964,000. Raymond James Financial Inc. owned 0.86% of Cushman & Wakefield as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vestcor Inc boosted its stake in shares of Cushman & Wakefield by 316.7% in the fourth quarter. Vestcor Inc now owns 70,529 shares of the company's stock valued at $923,000 after buying an additional 53,602 shares in the last quarter. Knights of Columbus Asset Advisors LLC acquired a new stake in Cushman & Wakefield in the fourth quarter valued at $1,003,000. JPMorgan Chase & Co. boosted its position in shares of Cushman & Wakefield by 6.3% during the 4th quarter. JPMorgan Chase & Co. now owns 13,700,599 shares of the company's stock worth $179,204,000 after purchasing an additional 806,684 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Cushman & Wakefield during the 4th quarter worth $318,000. Finally, Channing Capital Management LLC acquired a new position in shares of Cushman & Wakefield during the 4th quarter worth $61,732,000. Institutional investors and hedge funds own 95.56% of the company's stock.

Cushman & Wakefield Price Performance

CWK stock traded up $0.51 on Wednesday, reaching $8.69. The company had a trading volume of 1,128,193 shares, compared to its average volume of 2,088,552. The company's fifty day moving average is $10.36 and its 200 day moving average is $12.51. The company has a market cap of $2.00 billion, a P/E ratio of 15.80 and a beta of 1.26. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.18 and a current ratio of 1.15. Cushman & Wakefield plc has a 1 year low of $7.64 and a 1 year high of $16.11.

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

Wall Street Analyst Weigh In

Several brokerages recently commented on CWK. UBS Group decreased their price objective 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. Jefferies Financial Group lowered Cushman & Wakefield from a "buy" rating to a "hold" rating and decreased their price target for the stock from $18.00 to $14.00 in a research note on Thursday, January 2nd. The Goldman Sachs Group dropped their price objective on Cushman & Wakefield from $13.00 to $11.50 and set a "sell" rating for the company in a research note on Wednesday, March 19th. Citigroup decreased their target price on Cushman & Wakefield from $16.00 to $12.00 and set a "neutral" rating on the stock in a research report on Monday, March 17th. Finally, JPMorgan Chase & Co. lowered their target price on Cushman & Wakefield from $17.00 to $14.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $12.75.

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.