JPMorgan Chase & Co. Buys 806,684 Shares of Cushman & Wakefield plc (NYSE:CWK)

JPMorgan Chase & Co. lifted its stake in Cushman & Wakefield plc (NYSE:CWK - Free Report) by 6.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,700,599 shares of the company's stock after purchasing an additional 806,684 shares during the period. JPMorgan Chase & Co. owned 5.97% of Cushman & Wakefield worth $179,204,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of CWK. Vestcor Inc lifted its holdings in Cushman & Wakefield by 316.7% in the fourth quarter. Vestcor Inc now owns 70,529 shares of the company's stock worth $923,000 after buying an additional 53,602 shares during the period. Knights of Columbus Asset Advisors LLC bought a new position in shares of Cushman & Wakefield in the 4th quarter worth approximately $1,003,000. Proficio Capital Partners LLC purchased a new position in shares of Cushman & Wakefield in the 4th quarter valued at approximately $318,000. Channing Capital Management LLC purchased a new position in shares of Cushman & Wakefield in the 4th quarter valued at approximately $61,732,000. Finally, Geode Capital Management LLC boosted its position in shares of Cushman & Wakefield by 7.5% during the third quarter. Geode Capital Management LLC now owns 5,696,370 shares of the company's stock valued at $77,656,000 after purchasing an additional 395,652 shares in the last quarter. Institutional investors own 95.56% of the company's stock.

Cushman & Wakefield Stock Down 4.8 %

Cushman & Wakefield stock traded down $0.46 during mid-day trading on Friday, reaching $8.99. The stock had a trading volume of 1,962,909 shares, compared to its average volume of 2,015,504. The company has a market capitalization of $2.06 billion, a price-to-earnings ratio of 16.34 and a beta of 1.26. 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 one year low of $8.48 and a one year high of $16.11. The company has a 50-day moving average price of $11.80 and a two-hundred day moving average price of $13.01.

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

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Jefferies Financial Group lowered Cushman & Wakefield from a "buy" rating to a "hold" rating and lowered their price objective for the company from $18.00 to $14.00 in a research report on Thursday, January 2nd. JPMorgan Chase & Co. lifted 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, December 16th. Citigroup dropped their price objective on shares of Cushman & Wakefield from $16.00 to $12.00 and set a "neutral" rating on the stock in a research note on Monday, March 17th. Finally, The Goldman Sachs Group decreased their target price on shares of Cushman & Wakefield from $13.00 to $11.50 and set a "sell" rating for the company in a research note on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Cushman & Wakefield currently has a consensus rating of "Hold" and an average price target of $14.10.

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.