Cushman & Wakefield plc (NYSE:CWK) Shares Bought by Amundi

Amundi boosted its stake in shares of Cushman & Wakefield plc (NYSE:CWK) by 191.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 117,774 shares of the company’s stock after purchasing an additional 77,415 shares during the period. Amundi owned approximately 0.05% of Cushman & Wakefield worth $1,436,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CWK. Inceptionr LLC grew its holdings in Cushman & Wakefield by 44.6% during the fourth quarter. Inceptionr LLC now owns 44,517 shares of the company’s stock worth $582,000 after acquiring an additional 13,736 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Cushman & Wakefield during the 4th quarter worth approximately $25,964,000. Proficio Capital Partners LLC purchased a new position in shares of Cushman & Wakefield during the 4th quarter valued at approximately $318,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Cushman & Wakefield by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,027,744 shares of the company’s stock valued at $52,683,000 after purchasing an additional 52,178 shares during the period. Finally, Jones Financial Companies Lllp boosted its holdings in Cushman & Wakefield by 143.9% during the fourth quarter. Jones Financial Companies Lllp now owns 11,188 shares of the company’s stock worth $146,000 after buying an additional 6,600 shares in the last quarter. 95.56% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have weighed in on CWK. Jefferies Financial Group downgraded shares of Cushman & Wakefield from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $18.00 to $14.00 in a research report on Thursday, January 2nd. JPMorgan Chase & Co. upped their price target on Cushman & Wakefield from $14.00 to $17.00 and gave the stock a “neutral” rating in a report on Monday, December 16th. Citigroup cut their price objective on Cushman & Wakefield from $16.00 to $12.00 and set a “neutral” rating for the company in a research report on Monday. Finally, The Goldman Sachs Group decreased their target price on Cushman & Wakefield from $14.50 to $13.00 and set a “sell” rating on the stock in a research report on Friday, February 21st. 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 stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $14.40.

Cushman & Wakefield Stock Down 2.3 %

Shares of NYSE CWK opened at $10.48 on Wednesday. The company has a market capitalization of $2.41 billion, a P/E ratio of 19.05 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 company has a 50 day simple moving average of $12.46 and a 200-day simple moving average of $13.25. Cushman & Wakefield plc has a 1 year low of $9.24 and a 1 year high of $16.11.

Cushman & Wakefield (NYSE:CWK) last announced its 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 net margin of 1.39% and a return on equity of 12.62%. The company had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.67 billion. On average, equities research analysts predict that Cushman & Wakefield plc will post 1.2 earnings per share for the current year.

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.