Charles Schwab Investment Management Inc. Purchases 52,178 Shares of Cushman & Wakefield plc (NYSE:CWK)

Charles Schwab Investment Management Inc. boosted its position in shares of Cushman & Wakefield plc (NYSE:CWK) by 1.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,027,744 shares of the company’s stock after purchasing an additional 52,178 shares during the period. Charles Schwab Investment Management Inc. owned about 1.76% of Cushman & Wakefield worth $52,683,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp lifted its holdings in Cushman & Wakefield by 143.9% during the 4th quarter. Jones Financial Companies Lllp now owns 11,188 shares of the company’s stock valued at $146,000 after purchasing an additional 6,600 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Cushman & Wakefield by 264.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,709 shares of the company’s stock worth $48,000 after acquiring an additional 2,691 shares during the last quarter. QRG Capital Management Inc. bought a new position in shares of Cushman & Wakefield in the fourth quarter worth about $325,000. Proficio Capital Partners LLC bought a new position in shares of Cushman & Wakefield in the fourth quarter worth about $318,000. Finally, Illinois Municipal Retirement Fund raised its stake in shares of Cushman & Wakefield by 17.5% in the fourth quarter. Illinois Municipal Retirement Fund now owns 122,818 shares of the company’s stock worth $1,606,000 after acquiring an additional 18,313 shares during the last quarter. 95.56% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Cushman & Wakefield Trading Down 7.5 %

CWK opened at $10.40 on Friday. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.15 and a quick ratio of 1.18. The company has a market cap of $2.39 billion, a price-to-earnings ratio of 18.91 and a beta of 1.40. The firm has a 50 day simple moving average of $12.59 and a 200 day simple moving average of $13.29. Cushman & Wakefield plc has a fifty-two week low of $9.24 and a fifty-two week high of $16.11.

Cushman & Wakefield (NYSE:CWK) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. The business had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.67 billion. Cushman & Wakefield had a net margin of 1.39% and a return on equity of 12.62%. On average, sell-side analysts anticipate that Cushman & Wakefield plc will post 1.2 earnings per share for the current year.

Cushman & Wakefield 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.