Swiss National Bank Raises Holdings in Cushman & Wakefield plc (NYSE:CWK)

Swiss National Bank increased its position in Cushman & Wakefield plc (NYSE:CWKGet Rating) by 7.9% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 342,100 shares of the company’s stock after buying an additional 25,100 shares during the period. Swiss National Bank’s holdings in Cushman & Wakefield were worth $5,214,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Cushman & Wakefield by 4.9% in the 1st quarter. Vanguard Group Inc. now owns 21,492,196 shares of the company’s stock worth $440,804,000 after buying an additional 999,195 shares during the period. BlackRock Inc. raised its position in shares of Cushman & Wakefield by 2.5% in the 1st quarter. BlackRock Inc. now owns 9,620,976 shares of the company’s stock worth $197,326,000 after buying an additional 230,508 shares during the period. Victory Capital Management Inc. raised its position in shares of Cushman & Wakefield by 3.3% in the 1st quarter. Victory Capital Management Inc. now owns 5,159,200 shares of the company’s stock worth $105,815,000 after buying an additional 163,125 shares during the period. State Street Corp raised its position in shares of Cushman & Wakefield by 3.7% in the 1st quarter. State Street Corp now owns 2,783,463 shares of the company’s stock worth $57,089,000 after buying an additional 99,847 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Cushman & Wakefield by 9.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,261,158 shares of the company’s stock worth $46,379,000 after buying an additional 194,867 shares during the period. 82.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the company. The Goldman Sachs Group cut their price objective on Cushman & Wakefield from $15.00 to $13.00 and set a “buy” rating on the stock in a research report on Tuesday, November 8th. Raymond James cut their price objective on Cushman & Wakefield from $31.00 to $30.00 and set a “strong-buy” rating on the stock in a research report on Thursday, October 20th.

Cushman & Wakefield Stock Up 0.8 %

Shares of NYSE CWK opened at $11.23 on Friday. Cushman & Wakefield plc has a 1 year low of $10.04 and a 1 year high of $23.54. The firm has a market cap of $2.54 billion, a price-to-earnings ratio of 8.14 and a beta of 1.43. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.08 and a current ratio of 1.08. The stock’s 50-day simple moving average is $11.63 and its 200-day simple moving average is $14.55.

Cushman & Wakefield (NYSE:CWKGet Rating) last announced its earnings results on Thursday, November 3rd. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.14). Cushman & Wakefield had a return on equity of 32.26% and a net margin of 3.02%. The business had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $2.49 billion. As a group, equities analysts anticipate that Cushman & Wakefield plc will post 2.16 earnings per share for the current fiscal year.

Cushman & Wakefield Company Profile

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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.

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Institutional Ownership by Quarter for Cushman & Wakefield (NYSE:CWK)

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