KBC Group NV Acquires 200,328 Shares of Cushman & Wakefield plc (NYSE:CWK)

KBC Group NV raised its position in shares of Cushman & Wakefield plc (NYSE:CWK - Free Report) by 2,516.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 208,289 shares of the company's stock after purchasing an additional 200,328 shares during the period. KBC Group NV owned approximately 0.09% of Cushman & Wakefield worth $2,724,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CWK. Blue Trust Inc. raised its holdings in shares of Cushman & Wakefield by 137.5% during the 3rd quarter. Blue Trust Inc. now owns 3,501 shares of the company's stock worth $48,000 after buying an additional 2,027 shares in the last quarter. GAMMA Investing LLC raised its stake in Cushman & Wakefield by 45.8% during the third quarter. GAMMA Investing LLC now owns 5,186 shares of the company's stock worth $71,000 after acquiring an additional 1,629 shares in the last quarter. CWM LLC boosted its stake in shares of Cushman & Wakefield by 67.6% in the 3rd quarter. CWM LLC now owns 9,167 shares of the company's stock valued at $125,000 after purchasing an additional 3,699 shares in the last quarter. Walleye Capital LLC bought a new stake in shares of Cushman & Wakefield during the 3rd quarter valued at approximately $150,000. Finally, Empowered Funds LLC increased its position in Cushman & Wakefield by 11.7% during the 3rd quarter. Empowered Funds LLC now owns 11,230 shares of the company's stock worth $153,000 after purchasing an additional 1,180 shares in the last quarter. 95.56% of the stock is currently owned by institutional investors.

Cushman & Wakefield Trading Up 1.9 %

NYSE CWK traded up $0.25 on Tuesday, reaching $13.42. The company had a trading volume of 2,877,658 shares, compared to its average volume of 1,478,684. The firm has a market cap of $3.08 billion, a price-to-earnings ratio of 36.28 and a beta of 1.34. Cushman & Wakefield plc has a fifty-two week low of $9.24 and a fifty-two week high of $16.11. The business has a 50 day moving average of $13.71 and a two-hundred day moving average of $13.41. 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 (NYSE:CWK - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.02. The company had revenue of $2.34 billion during the quarter, compared to analysts' expectations of $1.61 billion. Cushman & Wakefield had a return on equity of 12.10% and a net margin of 0.94%. The business's quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.21 earnings per share. Analysts forecast that Cushman & Wakefield plc will post 0.91 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on CWK shares. JPMorgan Chase & Co. boosted their target price on shares of Cushman & Wakefield from $14.00 to $17.00 and gave the stock a "neutral" rating in a research note on Monday, December 16th. Jefferies Financial Group cut Cushman & Wakefield from a "buy" rating to a "hold" rating and lowered their target price for the stock from $18.00 to $14.00 in a report on Thursday, January 2nd. Finally, The Goldman Sachs Group assumed coverage on Cushman & Wakefield in a research note on Friday, December 6th. They set a "sell" rating and a $15.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $15.50.

Cushman & Wakefield 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.