Cushman & Wakefield PLC $CWK Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. trimmed its holdings in shares of Cushman & Wakefield PLC (NYSE:CWK) by 47.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,495,688 shares of the company’s stock after selling 4,917,667 shares during the period. JPMorgan Chase & Co. owned 2.37% of Cushman & Wakefield worth $87,491,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in CWK. Royal Bank of Canada raised its position in shares of Cushman & Wakefield by 39.6% during the 1st quarter. Royal Bank of Canada now owns 98,508 shares of the company’s stock worth $1,007,000 after acquiring an additional 27,940 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Cushman & Wakefield by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 136,261 shares of the company’s stock worth $1,393,000 after purchasing an additional 5,929 shares during the last quarter. United Services Automobile Association acquired a new position in Cushman & Wakefield in the first quarter valued at approximately $139,000. Jane Street Group LLC boosted its holdings in Cushman & Wakefield by 1,821.3% in the first quarter. Jane Street Group LLC now owns 279,397 shares of the company’s stock valued at $2,855,000 after purchasing an additional 264,855 shares in the last quarter. Finally, Focus Partners Wealth purchased a new position in Cushman & Wakefield in the first quarter valued at approximately $218,000. 95.56% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on CWK shares. Wall Street Zen cut shares of Cushman & Wakefield from a “strong-buy” rating to a “buy” rating in a report on Monday, February 23rd. Wolfe Research upgraded shares of Cushman & Wakefield from a “peer perform” rating to an “outperform” rating and set a $19.00 target price for the company in a report on Monday, February 9th. Citigroup raised shares of Cushman & Wakefield from a “neutral” rating to a “buy” rating and set a $18.00 target price on the stock in a research report on Thursday, November 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Cushman & Wakefield in a research note on Wednesday, January 21st. Finally, Morgan Stanley reissued an “overweight” rating and issued a $19.00 price target on shares of Cushman & Wakefield in a research report on Friday, January 16th. Five research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $18.06.

Cushman & Wakefield Trading Down 0.6%

CWK opened at $12.39 on Thursday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.34. Cushman & Wakefield PLC has a 52 week low of $7.64 and a 52 week high of $17.40. The business’s 50 day moving average is $14.60 and its two-hundred day moving average is $15.50. The firm has a market cap of $2.87 billion, a price-to-earnings ratio of 32.62 and a beta of 1.49.

Cushman & Wakefield (NYSE:CWK) last posted its quarterly earnings data on Thursday, February 19th. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.01. The business had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.83 billion. Cushman & Wakefield had a return on equity of 15.02% and a net margin of 0.86%.The company’s revenue was up 10.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.48 earnings per share. On average, research analysts predict that Cushman & Wakefield PLC will post 1.2 EPS for the current year.

About Cushman & Wakefield

Cushman & Wakefield is a leading global commercial real estate services firm headquartered in Chicago. The company provides a wide range of services to occupiers and investors, specializing in transaction management, property management, facilities management and project management. Its clientele spans corporate occupiers, landlords, investors and government entities seeking solutions to optimize their real estate portfolios and operations.

The firm’s core offerings include leasing advisory for office, industrial, retail and multifamily properties, as well as capital markets advice on acquisitions, dispositions and debt and equity placements.