Barclays PLC Raises Position in Cushman & Wakefield plc (NYSE:CWK)

Barclays PLC grew its holdings in Cushman & Wakefield plc (NYSE:CWK - Free Report) by 322.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 394,327 shares of the company's stock after buying an additional 301,017 shares during the quarter. Barclays PLC owned approximately 0.17% of Cushman & Wakefield worth $5,374,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in CWK. XTX Topco Ltd lifted its stake in Cushman & Wakefield by 4.8% in the third quarter. XTX Topco Ltd now owns 19,849 shares of the company's stock worth $271,000 after acquiring an additional 903 shares during the period. Wolverine Trading LLC bought a new position in Cushman & Wakefield in the 3rd quarter worth $165,000. State Street Corp lifted its position in shares of Cushman & Wakefield by 9.8% in the 3rd quarter. State Street Corp now owns 8,463,595 shares of the company's stock worth $115,359,000 after purchasing an additional 756,966 shares during the period. Systematic Financial Management LP bought a new stake in shares of Cushman & Wakefield during the 3rd quarter valued at about $1,284,000. Finally, Repertoire Partners LP purchased a new position in shares of Cushman & Wakefield during the third quarter valued at about $1,363,000. 95.56% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on CWK shares. JPMorgan Chase & Co. raised their price objective on shares of Cushman & Wakefield from $14.00 to $17.00 and gave the stock a "neutral" rating in a report on Monday, December 16th. The Goldman Sachs Group assumed coverage on Cushman & Wakefield in a research note on Friday, December 6th. They issued a "sell" rating and a $15.00 target price for the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, Cushman & Wakefield currently has a consensus rating of "Hold" and a consensus price target of $15.25.

Cushman & Wakefield Stock Up 1.1 %

NYSE:CWK traded up $0.14 during mid-day trading on Friday, hitting $13.09. 4,194,515 shares of the company's stock were exchanged, compared to its average volume of 2,140,706. The company has a market cap of $3.00 billion, a PE ratio of 35.38 and a beta of 1.32. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.18 and a quick ratio of 1.18. Cushman & Wakefield plc has a one year low of $9.24 and a one year high of $16.11. The business has a fifty day moving average price of $14.21 and a 200 day moving average price of $12.88.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.23 EPS for the quarter, topping analysts' consensus estimates of $0.21 by $0.02. Cushman & Wakefield had a return on equity of 12.10% and a net margin of 0.94%. The firm had revenue of $2.34 billion for the quarter, compared to analysts' expectations of $1.61 billion. During the same period in the previous year, the firm posted $0.21 EPS. The business's revenue for the quarter was up 2.5% compared to the same quarter last year. Equities analysts predict that Cushman & Wakefield plc will post 0.88 EPS for the current year.

Cushman & Wakefield Company Profile

Cushman & Wakefield plc, together with its subsidiaries, provides commercial real estate services under the Cushman & Wakefield brand in the United States, Australia, the United Kingdom, and internationally. The company operates through Americas; Europe, Middle East and Africa; and Asia Pacific segments.