State Street Corp increased its stake in shares of Cushman & Wakefield plc (NYSE:CWK - Free Report) by 9.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,463,595 shares of the company's stock after purchasing an additional 756,966 shares during the quarter. State Street Corp owned about 3.69% of Cushman & Wakefield worth $115,359,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. American Century Companies Inc. increased its position in Cushman & Wakefield by 15.5% in the second quarter. American Century Companies Inc. now owns 327,018 shares of the company's stock worth $3,401,000 after purchasing an additional 43,941 shares during the period. Algert Global LLC raised its stake in shares of Cushman & Wakefield by 821.0% during the second quarter. Algert Global LLC now owns 698,944 shares of the company's stock worth $7,269,000 after buying an additional 623,054 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Cushman & Wakefield in the third quarter valued at approximately $4,942,000. Natixis Advisors LLC grew its holdings in Cushman & Wakefield by 8.9% during the 2nd quarter. Natixis Advisors LLC now owns 1,156,834 shares of the company's stock worth $12,031,000 after acquiring an additional 94,502 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Cushman & Wakefield by 8.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,975,566 shares of the company's stock valued at $54,187,000 after acquiring an additional 301,186 shares during the last quarter. Institutional investors own 95.56% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on the company. The Goldman Sachs Group assumed coverage on Cushman & Wakefield in a research report on Friday, December 6th. They issued a "sell" rating and a $15.00 price target on the stock. JPMorgan Chase & Co. increased their price target on shares of Cushman & Wakefield from $14.00 to $17.00 and gave the company a "neutral" rating in a research report on Monday. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Cushman & Wakefield presently has an average rating of "Hold" and a consensus target price of $15.25.
Check Out Our Latest Report on CWK
Cushman & Wakefield Stock Up 1.0 %
Shares of CWK traded up $0.15 on Monday, hitting $15.02. The company's stock had a trading volume of 1,461,637 shares, compared to its average volume of 2,136,564. Cushman & Wakefield plc has a fifty-two week low of $9.24 and a fifty-two week high of $16.11. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.76. The firm's fifty day moving average price is $14.07 and its 200-day moving average price is $12.80. The firm has a market capitalization of $3.45 billion, a price-to-earnings ratio of 40.59 and a beta of 1.32.
Cushman & Wakefield (NYSE:CWK - Get Free Report) last announced its earnings results on Monday, November 4th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.21 by $0.02. Cushman & Wakefield had a net margin of 0.94% and a return on equity of 12.10%. The business had revenue of $2.34 billion during the quarter, compared to analysts' expectations of $1.61 billion. During the same quarter in the prior year, the company posted $0.21 earnings per share. The firm's revenue was up 2.5% on a year-over-year basis. On average, equities research analysts expect that Cushman & Wakefield plc will post 0.88 EPS for the current year.
About Cushman & Wakefield
(
Free Report)
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.
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