Merit Financial Group LLC Has $236,000 Position in Cushman & Wakefield plc (NYSE:CWK)

Merit Financial Group LLC raised its holdings in Cushman & Wakefield plc (NYSE:CWK) by 20.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,054 shares of the company’s stock after acquiring an additional 3,054 shares during the quarter. Merit Financial Group LLC’s holdings in Cushman & Wakefield were worth $236,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Amalgamated Bank boosted its holdings in Cushman & Wakefield by 18.1% in the second quarter. Amalgamated Bank now owns 61,192 shares of the company’s stock worth $636,000 after purchasing an additional 9,399 shares in the last quarter. Hsbc Holdings PLC boosted its stake in shares of Cushman & Wakefield by 18.6% during the 2nd quarter. Hsbc Holdings PLC now owns 21,807 shares of the company’s stock worth $228,000 after acquiring an additional 3,426 shares in the last quarter. XTX Topco Ltd increased its holdings in shares of Cushman & Wakefield by 52.6% during the 2nd quarter. XTX Topco Ltd now owns 18,946 shares of the company’s stock valued at $197,000 after acquiring an additional 6,531 shares during the last quarter. Sei Investments Co. raised its stake in shares of Cushman & Wakefield by 2.5% in the 2nd quarter. Sei Investments Co. now owns 675,141 shares of the company’s stock valued at $7,021,000 after acquiring an additional 16,512 shares in the last quarter. Finally, Profund Advisors LLC acquired a new stake in Cushman & Wakefield in the 2nd quarter worth approximately $105,000. 95.56% of the stock is owned by institutional investors.

Cushman & Wakefield Stock Performance

NYSE CWK opened at $13.53 on Friday. The company’s fifty day moving average is $13.81 and its two-hundred day moving average is $13.33. The firm has a market capitalization of $3.10 billion, a price-to-earnings ratio of 36.55 and a beta of 1.34. 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 plc has a 52-week low of $9.24 and a 52-week high of $16.11.

Cushman & Wakefield (NYSE:CWK) last issued its quarterly earnings results 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. Cushman & Wakefield had a return on equity of 12.10% and a net margin of 0.94%. The firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $1.61 billion. During the same period in the previous year, the company posted $0.21 earnings per share. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. Equities research analysts forecast that Cushman & Wakefield plc will post 0.91 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented 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 started coverage on shares of Cushman & Wakefield in a research report on Friday, December 6th. They set a “sell” rating and a $15.00 target price for the company. Finally, Jefferies Financial Group downgraded Cushman & Wakefield from a “buy” rating to a “hold” rating and lowered their price target for the company from $18.00 to $14.00 in a research report on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $15.50.

Cushman & Wakefield Company 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.