Bank of New York Mellon Corp Has $21.49 Million Stock Holdings in Cushman & Wakefield plc (NYSE:CWK)

Bank of New York Mellon Corp grew its holdings in Cushman & Wakefield plc (NYSE:CWK - Free Report) by 4.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,642,784 shares of the company's stock after purchasing an additional 63,822 shares during the quarter. Bank of New York Mellon Corp owned about 0.72% of Cushman & Wakefield worth $21,488,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vaughan Nelson Investment Management L.P. boosted its holdings in Cushman & Wakefield by 9.6% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 12,474,380 shares of the company's stock valued at $163,164,000 after acquiring an additional 1,094,260 shares during the period. State Street Corp raised its position in Cushman & Wakefield by 9.8% in the 3rd 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 in the last quarter. Geode Capital Management LLC raised its position in shares of 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 acquiring an additional 395,652 shares in the last quarter. 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 worth $54,187,000 after acquiring an additional 301,186 shares in the last quarter. Finally, WCM Investment Management LLC raised its position in shares of Cushman & Wakefield by 3.4% during the 3rd quarter. WCM Investment Management LLC now owns 2,534,105 shares of the company's stock worth $34,591,000 after acquiring an additional 84,002 shares in the last quarter. Hedge funds and other institutional investors own 95.56% of the company's stock.

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Analysts Set New Price Targets

Several research analysts have commented on CWK shares. The Goldman Sachs Group cut their price target on Cushman & Wakefield from $14.50 to $13.00 and set a "sell" rating on the stock in a research report on Friday, February 21st. Jefferies Financial Group downgraded Cushman & Wakefield from a "buy" rating to a "hold" rating and lowered their target price for the company from $18.00 to $14.00 in a research note on Thursday, January 2nd. Finally, JPMorgan Chase & Co. lifted their target price on Cushman & Wakefield from $14.00 to $17.00 and gave the company a "neutral" rating in a research note on Monday, December 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $15.00.

Cushman & Wakefield Trading Up 2.6 %

Cushman & Wakefield stock traded up $0.28 during trading on Friday, hitting $10.67. The company's stock had a trading volume of 1,960,981 shares, compared to its average volume of 1,937,229. The stock has a market capitalization of $2.45 billion, a price-to-earnings ratio of 19.39 and a beta of 1.40. The stock's fifty day moving average is $12.59 and its 200 day moving average is $13.29. Cushman & Wakefield plc has a 1-year low of $9.24 and a 1-year high of $16.11. 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 (NYSE:CWK - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.45 by $0.03. The firm had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.67 billion. Cushman & Wakefield had a return on equity of 12.62% and a net margin of 1.39%. As a group, equities research analysts predict 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.