Cushman & Wakefield plc (NYSE:CWK) Shares Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets increased its holdings in Cushman & Wakefield plc (NYSE:CWK) by 45.7% in the third quarter, HoldingsChannel.com reports. The firm owned 97,942 shares of the company’s stock after buying an additional 30,707 shares during the quarter. BNP Paribas Financial Markets’ holdings in Cushman & Wakefield were worth $1,335,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Quantbot Technologies LP lifted its holdings in Cushman & Wakefield by 549.6% in the 3rd quarter. Quantbot Technologies LP now owns 30,701 shares of the company’s stock valued at $418,000 after purchasing an additional 25,975 shares in the last quarter. Citigroup Inc. raised its position in shares of Cushman & Wakefield by 92.6% in the third quarter. Citigroup Inc. now owns 310,383 shares of the company’s stock valued at $4,231,000 after buying an additional 149,213 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Cushman & Wakefield by 8.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,975,566 shares of the company’s stock worth $54,187,000 after buying an additional 301,186 shares in the last quarter. Intech Investment Management LLC acquired a new position in Cushman & Wakefield during the third quarter worth about $3,125,000. Finally, Moran Wealth Management LLC purchased a new stake in Cushman & Wakefield during the 3rd quarter valued at about $2,523,000. Hedge funds and other institutional investors own 95.56% of the company’s stock.

Cushman & Wakefield Stock Performance

NYSE CWK opened at $15.21 on Tuesday. The company has a fifty day moving average of $13.91 and a two-hundred day moving average of $12.68. The company has a market capitalization of $3.49 billion, a PE ratio of 41.09 and a beta of 1.32. Cushman & Wakefield plc has a 1 year low of $8.61 and a 1 year high of $16.11. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.18 and a quick ratio of 1.18.

Cushman & Wakefield (NYSE:CWK) last announced its earnings results on Monday, November 4th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.02. Cushman & Wakefield had a net margin of 0.94% and a return on equity of 12.10%. The business had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter in the prior year, the firm earned $0.21 earnings per share. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. As a group, analysts expect that Cushman & Wakefield plc will post 0.88 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group assumed coverage on Cushman & Wakefield in a report on Friday. They set a “sell” rating and a $15.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Cushman & Wakefield presently has an average rating of “Hold” and a consensus price target of $14.50.

Cushman & Wakefield Profile

Cushman & Wakefield plc, together with its subsidiaries, provides commercial real estate services under the Cushman & Wakefield brand in the United States, Australia, the United Kingdom, and internationally. The company operates through Americas; Europe, Middle East and Africa; and Asia Pacific segments.