Jones Financial Companies Lllp Raises Stake in Cushman & Wakefield plc (NYSE:CWK)

Jones Financial Companies Lllp lifted its position in shares of Cushman & Wakefield plc (NYSE:CWK) by 143.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 11,188 shares of the company’s stock after purchasing an additional 6,600 shares during the quarter. Jones Financial Companies Lllp’s holdings in Cushman & Wakefield were worth $146,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. XTX Topco Ltd grew its holdings in shares of Cushman & Wakefield by 4.8% during the 3rd quarter. XTX Topco Ltd now owns 19,849 shares of the company’s stock worth $271,000 after purchasing an additional 903 shares during the period. Blue Trust Inc. grew its holdings in shares of Cushman & Wakefield by 26.5% during the 4th quarter. Blue Trust Inc. now owns 4,429 shares of the company’s stock worth $60,000 after purchasing an additional 928 shares during the period. Empowered Funds LLC grew its holdings in shares of Cushman & Wakefield by 11.7% during the 3rd quarter. Empowered Funds LLC now owns 11,230 shares of the company’s stock worth $153,000 after purchasing an additional 1,180 shares during the period. CIBC Asset Management Inc grew its holdings in shares of Cushman & Wakefield by 10.5% during the 3rd quarter. CIBC Asset Management Inc now owns 15,013 shares of the company’s stock worth $205,000 after purchasing an additional 1,421 shares during the period. Finally, State of New Jersey Common Pension Fund D grew its holdings in shares of Cushman & Wakefield by 1.2% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 150,910 shares of the company’s stock worth $1,974,000 after purchasing an additional 1,769 shares during the period. Hedge funds and other institutional investors own 95.56% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Jefferies Financial Group cut Cushman & Wakefield from a “buy” rating to a “hold” rating and decreased their target price for the stock from $18.00 to $14.00 in a report on Thursday, January 2nd. The Goldman Sachs Group decreased their price target on Cushman & Wakefield from $14.50 to $13.00 and set a “sell” rating for the company in a report on Friday, February 21st. Finally, 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. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Cushman & Wakefield has an average rating of “Hold” and a consensus price target of $15.00.

Cushman & Wakefield Stock Up 2.6 %

NYSE CWK opened at $10.67 on Friday. The stock has a market cap of $2.45 billion, a PE ratio of 19.39 and a beta of 1.40. Cushman & Wakefield plc has a fifty-two week low of $9.24 and a fifty-two week high of $16.11. The business has a 50 day moving average price of $12.54 and a two-hundred day moving average price of $13.28. The company has a quick ratio of 1.18, a current ratio of 1.15 and a debt-to-equity ratio of 1.67.

Cushman & Wakefield (NYSE:CWK) last announced its earnings results 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 EPS 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.