Wells Fargo & Company MN Purchases 70,728 Shares of Cushman & Wakefield plc (NYSE:CWK)

Wells Fargo & Company MN lifted its stake in Cushman & Wakefield plc (NYSE:CWK - Free Report) by 30.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 304,697 shares of the company's stock after buying an additional 70,728 shares during the period. Wells Fargo & Company MN owned approximately 0.13% of Cushman & Wakefield worth $3,985,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. ExodusPoint Capital Management LP acquired a new position in shares of Cushman & Wakefield in the 4th quarter valued at approximately $2,659,000. Trexquant Investment LP lifted its stake in Cushman & Wakefield by 2,377.7% during the fourth quarter. Trexquant Investment LP now owns 418,166 shares of the company's stock worth $5,470,000 after purchasing an additional 401,289 shares during the last quarter. CIBC Private Wealth Group LLC lifted its stake in Cushman & Wakefield by 27.2% during the fourth quarter. CIBC Private Wealth Group LLC now owns 16,681 shares of the company's stock worth $203,000 after purchasing an additional 3,567 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Cushman & Wakefield by 3.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,544,266 shares of the company's stock valued at $20,199,000 after purchasing an additional 57,901 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Cushman & Wakefield in the 4th quarter valued at $38,720,000. Institutional investors and hedge funds own 95.56% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on the company. UBS Group lowered their target price on Cushman & Wakefield from $14.00 to $9.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Citigroup reduced their price objective on Cushman & Wakefield from $16.00 to $12.00 and set a "neutral" rating on the stock in a research report on Monday, March 17th. The Goldman Sachs Group dropped their price objective on shares of Cushman & Wakefield from $13.00 to $11.50 and set a "sell" rating for the company in a report on Wednesday, March 19th. Jefferies Financial Group cut Cushman & Wakefield from a "buy" rating to a "hold" rating and decreased their price target for the company from $18.00 to $14.00 in a research note on Thursday, January 2nd. Finally, JPMorgan Chase & Co. dropped their price target on shares of Cushman & Wakefield from $17.00 to $14.00 and set a "neutral" rating on the stock in a research report on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, Cushman & Wakefield has a consensus rating of "Hold" and an average target price of $12.93.

Cushman & Wakefield Stock Down 1.5 %

Shares of Cushman & Wakefield stock traded down $0.14 during trading hours on Friday, reaching $8.83. The company's stock had a trading volume of 637,613 shares, compared to its average volume of 2,101,455. The company has a market capitalization of $2.03 billion, a P/E ratio of 16.05 and a beta of 1.26. The stock's fifty day simple moving average is $10.18 and its two-hundred day simple moving average is $12.45. Cushman & Wakefield plc has a one year low of $7.64 and a one 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 announced its quarterly earnings results on Thursday, February 20th. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.03. The business had revenue of $2.63 billion for the quarter, compared to analysts' expectations of $2.67 billion. Cushman & Wakefield had a net margin of 1.39% and a return on equity of 12.62%. On average, research analysts forecast that Cushman & Wakefield plc will post 1.2 earnings per share for the current year.

Cushman & Wakefield Company 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.