Victory Capital Management Inc. Reduces Stock Holdings in Cushman & Wakefield plc (NYSE:CWK)

Victory Capital Management Inc. decreased its position in Cushman & Wakefield plc (NYSE:CWK - Free Report) by 10.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,185,306 shares of the company's stock after selling 1,018,513 shares during the quarter. Victory Capital Management Inc. owned approximately 4.00% of Cushman & Wakefield worth $120,144,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vaughan Nelson Investment Management L.P. increased its stake in shares of Cushman & Wakefield by 83.3% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 11,380,120 shares of the company's stock worth $155,110,000 after acquiring an additional 5,171,340 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Cushman & Wakefield by 737.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,982,586 shares of the company's stock worth $27,023,000 after purchasing an additional 1,745,986 shares during the period. New York State Common Retirement Fund increased its stake in shares of Cushman & Wakefield by 579.8% during the fourth quarter. New York State Common Retirement Fund now owns 1,295,988 shares of the company's stock valued at $16,952,000 after purchasing an additional 1,105,355 shares in the last quarter. Basswood Capital Management L.L.C. lifted its holdings in shares of Cushman & Wakefield by 129.2% during the third quarter. Basswood Capital Management L.L.C. now owns 1,654,768 shares of the company's stock valued at $22,554,000 after purchasing an additional 932,649 shares during the last quarter. Finally, State Street Corp lifted its holdings in shares of Cushman & Wakefield by 9.8% during the third 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 during the last quarter. Hedge funds and other institutional investors own 95.56% of the company's stock.

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Wall Street Analyst Weigh In

A number of research analysts recently weighed in on CWK shares. The Goldman Sachs Group reduced their price objective on Cushman & Wakefield from $14.50 to $13.00 and set a "sell" rating for the company in a research report on Friday, February 21st. JPMorgan Chase & Co. raised their price target on Cushman & Wakefield from $14.00 to $17.00 and gave the company a "neutral" rating in a report on Monday, December 16th. Finally, Jefferies Financial Group cut shares of Cushman & Wakefield from a "buy" rating to a "hold" rating and dropped their price target for the stock from $18.00 to $14.00 in a research note on Thursday, January 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $15.00.

Cushman & Wakefield Stock Down 2.1 %

CWK stock traded down $0.24 during midday trading on Friday, hitting $11.20. The company's stock had a trading volume of 1,934,803 shares, compared to its average volume of 1,918,241. The firm's 50-day moving average is $12.74 and its 200-day moving average is $13.35. The company has a current ratio of 1.15, a quick ratio of 1.18 and a debt-to-equity ratio of 1.67. Cushman & Wakefield plc has a 12 month low of $9.24 and a 12 month high of $16.11. The company has a market cap of $2.57 billion, a PE ratio of 20.35 and a beta of 1.40.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.48 EPS for the quarter, beating the consensus estimate 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 analysts' expectations of $2.67 billion. On average, equities research analysts forecast that Cushman & Wakefield plc will post 1.2 earnings per share for the current fiscal 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.