Cushman & Wakefield plc (NYSE:CWK) Shares Sold by Truist Financial Corp

Truist Financial Corp decreased its position in Cushman & Wakefield plc (NYSE:CWK) by 5.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,189 shares of the company’s stock after selling 1,202 shares during the period. Truist Financial Corp’s holdings in Cushman & Wakefield were worth $264,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Blue Trust Inc. raised its holdings in Cushman & Wakefield by 26.5% in the 4th quarter. Blue Trust Inc. now owns 4,429 shares of the company’s stock valued at $60,000 after buying an additional 928 shares during the period. KBC Group NV increased its position in shares of Cushman & Wakefield by 31.7% during the third 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 last quarter. Walleye Capital LLC purchased a new stake in shares of Cushman & Wakefield in the 3rd quarter valued at approximately $150,000. Empowered Funds LLC lifted its holdings in shares of Cushman & Wakefield by 11.7% in the 3rd quarter. Empowered Funds LLC now owns 11,230 shares of the company’s stock worth $153,000 after acquiring an additional 1,180 shares during the last quarter. Finally, Wolverine Trading LLC purchased a new position in shares of Cushman & Wakefield during the 3rd quarter worth approximately $165,000. Institutional investors and hedge funds own 95.56% of the company’s stock.

Analyst Upgrades and Downgrades

CWK has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their target price on Cushman & Wakefield from $14.00 to $17.00 and gave the company a “neutral” rating in a research report on Monday, December 16th. Jefferies Financial Group cut Cushman & Wakefield from a “buy” rating to a “hold” rating and dropped their price objective for the company from $18.00 to $14.00 in a research note on Thursday, January 2nd. Finally, The Goldman Sachs Group decreased their target price on Cushman & Wakefield from $14.50 to $13.00 and set a “sell” rating on the stock in a research note on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $15.00.

Cushman & Wakefield Price Performance

Cushman & Wakefield stock opened at $11.70 on Thursday. The company has a quick ratio of 1.18, a current ratio of 1.15 and a debt-to-equity ratio of 1.67. Cushman & Wakefield plc has a 52-week low of $9.24 and a 52-week high of $16.11. The firm has a market cap of $2.69 billion, a PE ratio of 21.26 and a beta of 1.40. The company’s 50 day moving average is $12.85 and its two-hundred day moving average is $13.39.

Cushman & Wakefield (NYSE:CWK) last released its earnings results on Thursday, February 20th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. Cushman & Wakefield had a return on equity of 12.62% and a net margin of 1.39%. The firm had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.67 billion. On average, research analysts expect that Cushman & Wakefield plc will post 1.2 EPS for the current fiscal year.

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.