Raymond James Financial Inc. Purchases Shares of 1,985,022 Cushman & Wakefield plc (NYSE:CWK)

Raymond James Financial Inc. purchased a new stake in Cushman & Wakefield plc (NYSE:CWK) during the 4th quarter, Holdings Channel.com reports. The fund purchased 1,985,022 shares of the company’s stock, valued at approximately $25,964,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. XTX Topco Ltd increased its stake in Cushman & Wakefield by 4.8% in the third quarter. XTX Topco Ltd now owns 19,849 shares of the company’s stock valued at $271,000 after purchasing an additional 903 shares during the last quarter. Blue Trust Inc. increased its stake in Cushman & Wakefield by 26.5% in the fourth quarter. Blue Trust Inc. now owns 4,429 shares of the company’s stock valued at $60,000 after purchasing an additional 928 shares during the last quarter. Empowered Funds LLC increased its stake in Cushman & Wakefield by 11.7% in the third quarter. Empowered Funds LLC now owns 11,230 shares of the company’s stock valued at $153,000 after purchasing an additional 1,180 shares during the last quarter. CIBC Asset Management Inc increased its stake in Cushman & Wakefield by 10.5% in the third quarter. CIBC Asset Management Inc now owns 15,013 shares of the company’s stock valued at $205,000 after purchasing an additional 1,421 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D increased its stake in Cushman & Wakefield by 1.2% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 150,910 shares of the company’s stock valued at $1,974,000 after purchasing an additional 1,769 shares during the last quarter. 95.56% of the stock is currently owned by hedge funds and other institutional investors.

Cushman & Wakefield Price Performance

Shares of NYSE CWK opened at $10.67 on Friday. 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 moving average price of $12.54 and a 200 day moving average price of $13.28. Cushman & Wakefield plc has a 1-year low of $9.24 and a 1-year high of $16.11. The company has a market cap of $2.45 billion, a PE ratio of 19.39 and a beta of 1.40.

Cushman & Wakefield (NYSE:CWK) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.48 earnings per share for the quarter, topping 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 firm had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.67 billion. Sell-side analysts forecast that Cushman & Wakefield plc will post 1.2 EPS for the current year.

Analysts Set New Price Targets

CWK has been the topic of a number of research reports. JPMorgan Chase & Co. raised their target price 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. The Goldman Sachs Group lowered their target price on shares of Cushman & Wakefield from $14.50 to $13.00 and set a “sell” rating on the stock in a research report on Friday, February 21st. Finally, Jefferies Financial Group lowered shares of 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 research report on Thursday, January 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $15.00.

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.