Raymond James & Associates Has $3.23 Million Stake in Cushman & Wakefield plc (NYSE:CWK)

Raymond James & Associates decreased its position in Cushman & Wakefield plc (NYSE:CWKGet Rating) by 2.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 281,893 shares of the company’s stock after selling 8,355 shares during the period. Raymond James & Associates’ holdings in Cushman & Wakefield were worth $3,228,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in CWK. Laurel Wealth Advisors Inc. boosted its stake in shares of Cushman & Wakefield by 3.5% in the first quarter. Laurel Wealth Advisors Inc. now owns 31,572 shares of the company’s stock valued at $648,000 after buying an additional 1,055 shares during the period. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Cushman & Wakefield in the second quarter valued at approximately $32,000. Bank of Montreal Can boosted its stake in shares of Cushman & Wakefield by 7.0% in the first quarter. Bank of Montreal Can now owns 34,037 shares of the company’s stock valued at $711,000 after buying an additional 2,216 shares during the period. Advisor Group Holdings Inc. boosted its stake in shares of Cushman & Wakefield by 3,128.2% in the first quarter. Advisor Group Holdings Inc. now owns 2,292 shares of the company’s stock valued at $46,000 after buying an additional 2,221 shares during the period. Finally, Counterpoint Mutual Funds LLC boosted its stake in shares of Cushman & Wakefield by 55.0% in the second quarter. Counterpoint Mutual Funds LLC now owns 6,675 shares of the company’s stock valued at $102,000 after buying an additional 2,368 shares during the period. Institutional investors and hedge funds own 83.23% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on CWK. Credit Suisse Group cut Cushman & Wakefield from an “outperform” rating to a “neutral” rating in a research note on Monday, January 9th. Raymond James cut their target price on Cushman & Wakefield from $31.00 to $30.00 and set a “strong-buy” rating for the company in a research note on Thursday, October 20th. Finally, The Goldman Sachs Group cut their target price on Cushman & Wakefield from $15.00 to $13.00 and set a “buy” rating for the company in a research note on Tuesday, November 8th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $22.20.

Cushman & Wakefield Stock Up 0.7 %

NYSE CWK opened at $13.75 on Friday. The business has a fifty day moving average price of $12.14 and a two-hundred day moving average price of $13.33. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.08 and a quick ratio of 1.08. Cushman & Wakefield plc has a fifty-two week low of $10.04 and a fifty-two week high of $23.54. The stock has a market capitalization of $3.10 billion, a PE ratio of 9.96 and a beta of 1.33.

Cushman & Wakefield (NYSE:CWKGet Rating) last announced its quarterly earnings results on Thursday, November 3rd. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.14). The company had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.49 billion. Cushman & Wakefield had a return on equity of 32.26% and a net margin of 3.02%. Equities analysts expect that Cushman & Wakefield plc will post 2.04 earnings per share for the current fiscal year.

Cushman & Wakefield 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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