JPMorgan Chase & Co. Trims Stock Position in Cushman & Wakefield plc (NYSE:CWK)

JPMorgan Chase & Co. lowered its position in shares of Cushman & Wakefield plc (NYSE:CWK) by 23.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,893,915 shares of the company’s stock after selling 3,916,078 shares during the period. JPMorgan Chase & Co. owned approximately 5.62% of Cushman & Wakefield worth $175,744,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. grew its position in Cushman & Wakefield by 53.2% in the third quarter. Principal Financial Group Inc. now owns 1,493,298 shares of the company’s stock worth $20,354,000 after acquiring an additional 518,500 shares during the period. Franklin Resources Inc. grew its holdings in shares of Cushman & Wakefield by 87.1% during the 3rd quarter. Franklin Resources Inc. now owns 319,718 shares of the company’s stock worth $3,993,000 after purchasing an additional 148,813 shares during the period. Geode Capital Management LLC increased its position in shares of Cushman & Wakefield by 7.5% during the 3rd quarter. Geode Capital Management LLC now owns 5,696,370 shares of the company’s stock worth $77,656,000 after purchasing an additional 395,652 shares during the last quarter. Barclays PLC raised its holdings in Cushman & Wakefield by 322.6% in the 3rd quarter. Barclays PLC now owns 394,327 shares of the company’s stock valued at $5,374,000 after buying an additional 301,017 shares during the period. Finally, XTX Topco Ltd lifted its position in Cushman & Wakefield by 4.8% in the third quarter. XTX Topco Ltd now owns 19,849 shares of the company’s stock valued at $271,000 after buying an additional 903 shares during the last quarter. Institutional investors and hedge funds own 95.56% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. JPMorgan Chase & Co. lifted their price target on shares of Cushman & Wakefield from $14.00 to $17.00 and gave the company a “neutral” rating in a research report on Monday, December 16th. The Goldman Sachs Group assumed coverage on Cushman & Wakefield in a research note on Friday, December 6th. They set a “sell” rating and a $15.00 target price on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $15.25.

Cushman & Wakefield Stock Performance

Shares of CWK stock opened at $13.08 on Wednesday. Cushman & Wakefield plc has a 52 week low of $9.24 and a 52 week high of $16.11. The firm has a 50 day moving average of $14.24 and a two-hundred day moving average of $13.05. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.76. The stock has a market capitalization of $3.00 billion, a PE ratio of 35.35 and a beta of 1.32.

Cushman & Wakefield (NYSE:CWK) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.02. The business had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $1.61 billion. Cushman & Wakefield had a return on equity of 12.10% and a net margin of 0.94%. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.21 EPS. On average, research analysts predict that Cushman & Wakefield plc will post 0.88 EPS for the current fiscal year.

Cushman & Wakefield Company 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.