Citigroup Inc. Purchases 149,213 Shares of Cushman & Wakefield plc (NYSE:CWK)

Citigroup Inc. increased its position in Cushman & Wakefield plc (NYSE:CWK) by 92.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 310,383 shares of the company’s stock after purchasing an additional 149,213 shares during the quarter. Citigroup Inc. owned approximately 0.14% of Cushman & Wakefield worth $4,231,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. lifted its holdings in Cushman & Wakefield by 137.5% during the third quarter. Blue Trust Inc. now owns 3,501 shares of the company’s stock worth $48,000 after buying an additional 2,027 shares during the period. CWM LLC increased its position in shares of Cushman & Wakefield by 61.4% in the 2nd quarter. CWM LLC now owns 5,468 shares of the company’s stock valued at $57,000 after acquiring an additional 2,080 shares during the period. GAMMA Investing LLC increased its position in shares of Cushman & Wakefield by 45.8% in the 3rd quarter. GAMMA Investing LLC now owns 5,186 shares of the company’s stock valued at $71,000 after acquiring an additional 1,629 shares during the period. Profund Advisors LLC acquired a new position in shares of Cushman & Wakefield in the 2nd quarter valued at $105,000. Finally, KBC Group NV increased its position in shares of Cushman & Wakefield by 31.7% in the 3rd quarter. KBC Group NV now owns 7,961 shares of the company’s stock valued at $109,000 after acquiring an additional 1,915 shares during the period. Institutional investors own 95.56% of the company’s stock.

Cushman & Wakefield Price Performance

Shares of CWK opened at $15.19 on Wednesday. Cushman & Wakefield plc has a fifty-two week low of $8.42 and a fifty-two week high of $16.11. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.18 and a current ratio of 1.18. The company has a market capitalization of $3.49 billion, a P/E ratio of 41.05 and a beta of 1.32. The business’s 50-day moving average is $13.79 and its two-hundred day moving average is $12.56.

Cushman & Wakefield (NYSE:CWK) last released its earnings results on Monday, November 4th. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.61 billion. During the same period last year, the company posted $0.21 EPS. The business’s revenue was up 2.5% on a year-over-year basis. Research analysts predict that Cushman & Wakefield plc will post 0.88 earnings per share for the current year.

About Cushman & Wakefield

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.