Raymond James Financial Inc. Makes New Investment in Cushman & Wakefield plc (NYSE:CWK)

Raymond James Financial Inc. purchased a new position in shares of Cushman & Wakefield plc (NYSE:CWK - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,985,022 shares of the company's stock, valued at approximately $25,964,000. Raymond James Financial Inc. owned approximately 0.86% of Cushman & Wakefield at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Vaughan Nelson Investment Management L.P. raised its holdings in shares of Cushman & Wakefield by 83.3% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 11,380,120 shares of the company's stock valued at $155,110,000 after purchasing an additional 5,171,340 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Cushman & Wakefield by 737.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,982,586 shares of the company's stock valued at $27,023,000 after buying an additional 1,745,986 shares during the last quarter. New York State Common Retirement Fund increased its stake in Cushman & Wakefield by 579.8% in the 4th quarter. New York State Common Retirement Fund now owns 1,295,988 shares of the company's stock valued at $16,952,000 after buying an additional 1,105,355 shares during the last quarter. Basswood Capital Management L.L.C. lifted its position in shares of Cushman & Wakefield by 129.2% during the 3rd quarter. Basswood Capital Management L.L.C. now owns 1,654,768 shares of the company's stock worth $22,554,000 after buying an additional 932,649 shares in the last quarter. Finally, State Street Corp boosted its stake 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 buying an additional 756,966 shares during the last quarter. 95.56% of the stock is currently owned by institutional investors.

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Cushman & Wakefield Stock Performance

NYSE:CWK traded up $0.05 on Wednesday, reaching $10.51. 1,892,855 shares of the company's stock were exchanged, compared to its average volume of 1,734,997. The firm has a market cap of $2.41 billion, a price-to-earnings ratio of 19.10 and a beta of 1.40. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.15 and a quick ratio of 1.18. The stock has a fifty day simple moving average of $12.46 and a 200-day simple moving average of $13.25. Cushman & Wakefield plc has a 52 week low of $9.24 and a 52 week high of $16.11.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.45 by $0.03. Cushman & Wakefield had a return on equity of 12.62% and a net margin of 1.39%. The company had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.67 billion. As a group, sell-side analysts predict that Cushman & Wakefield plc will post 1.2 earnings per share for the current year.

Analyst Upgrades and Downgrades

CWK has been the subject of a number of research analyst reports. The Goldman Sachs Group decreased their price target on Cushman & Wakefield from $13.00 to $11.50 and set a "sell" rating for the company in a research report on Wednesday. Citigroup lowered their target price on Cushman & Wakefield from $16.00 to $12.00 and set a "neutral" rating on the stock in a research note on Monday. Jefferies Financial Group lowered shares of Cushman & Wakefield from a "buy" rating to a "hold" rating and reduced their price target for the company from $18.00 to $14.00 in a research report on Thursday, January 2nd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Cushman & Wakefield from $14.00 to $17.00 and gave the stock a "neutral" rating in a research report on Monday, December 16th. 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 company's stock. According to MarketBeat, the company presently 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.