Cibc World Markets Corp Purchases Shares of 21,430 Cushman & Wakefield plc (NYSE:CWK)

Cibc World Markets Corp acquired a new stake in shares of Cushman & Wakefield plc (NYSE:CWK) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 21,430 shares of the company’s stock, valued at approximately $280,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CWK. Smartleaf Asset Management LLC grew its holdings in shares of Cushman & Wakefield by 264.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,709 shares of the company’s stock worth $48,000 after purchasing an additional 2,691 shares during the last quarter. Blue Trust Inc. grew its stake in Cushman & Wakefield by 26.5% during the fourth quarter. Blue Trust Inc. now owns 4,429 shares of the company’s stock worth $60,000 after buying an additional 928 shares during the last quarter. Ieq Capital LLC bought a new stake in Cushman & Wakefield during the fourth quarter worth about $135,000. Walleye Capital LLC bought a new position in shares of Cushman & Wakefield in the third quarter valued at approximately $150,000. Finally, Jones Financial Companies Lllp raised its stake in shares of Cushman & Wakefield by 143.9% in the fourth quarter. Jones Financial Companies Lllp now owns 11,188 shares of the company’s stock valued at $146,000 after acquiring an additional 6,600 shares during the last quarter. 95.56% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. 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. The Goldman Sachs Group lowered their target price on Cushman & Wakefield from $13.00 to $11.50 and set a “sell” rating for the company in a research note on Wednesday, March 19th. Citigroup reduced their price target on shares of Cushman & Wakefield from $16.00 to $12.00 and set a “neutral” rating on the stock in a research report on Monday, March 17th. Finally, Jefferies Financial Group lowered 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 report on Thursday, January 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $14.10.

Cushman & Wakefield Stock Down 1.2 %

NYSE CWK opened at $10.66 on Wednesday. The stock has a market capitalization of $2.45 billion, a P/E ratio of 19.38 and a beta of 1.40. Cushman & Wakefield plc has a 52 week low of $9.24 and a 52 week 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. The stock has a fifty day moving average of $12.32 and a 200-day moving average of $13.17.

Cushman & Wakefield (NYSE:CWK) last announced its quarterly earnings data 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. The firm had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.67 billion. Cushman & Wakefield had a return on equity of 12.62% and a net margin of 1.39%. On average, equities research analysts forecast that Cushman & Wakefield plc will post 1.2 EPS 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.