Hsbc Holdings PLC Sells 5,610 Shares of Cushman & Wakefield plc (NYSE:CWK)

Hsbc Holdings PLC lowered its position in Cushman & Wakefield plc (NYSE:CWK – Get Rating) by 21.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,363 shares of the company’s stock after selling 5,610 shares during the quarter. Hsbc Holdings PLC’s holdings in Cushman & Wakefield were worth $234,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Laurel Wealth Advisors Inc. lifted its position in shares of Cushman & Wakefield by 3.5% in the 1st quarter. Laurel Wealth Advisors Inc. now owns 31,572 shares of the company’s stock worth $648,000 after acquiring an additional 1,055 shares during the period. Ellevest Inc. raised its holdings in shares of Cushman & Wakefield by 922.9% in the 3rd quarter. Ellevest Inc. now owns 2,148 shares of the company’s stock worth $25,000 after buying an additional 1,938 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Cushman & Wakefield in the 2nd quarter worth approximately $32,000. Bank of Montreal Can raised its holdings in shares of Cushman & Wakefield by 7.0% in the 1st quarter. Bank of Montreal Can now owns 34,037 shares of the company’s stock worth $711,000 after buying an additional 2,216 shares in the last quarter. Finally, Advisor Group Holdings Inc. raised its holdings in shares of Cushman & Wakefield by 3,128.2% in the 1st quarter. Advisor Group Holdings Inc. now owns 2,292 shares of the company’s stock worth $46,000 after buying an additional 2,221 shares in the last quarter. Institutional investors own 83.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CWK. Wolfe Research cut Cushman & Wakefield from an “outperform” rating to a “peer perform” rating in a report on Tuesday, January 31st. The Goldman Sachs Group increased their target price on Cushman & Wakefield from $14.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, January 27th. Raymond James dropped their target price on Cushman & Wakefield from $25.00 to $23.00 and set a “strong-buy” rating for the company in a report on Friday, January 20th. Finally, Credit Suisse Group cut Cushman & Wakefield from an “outperform” rating to a “neutral” rating in a report on Monday, January 9th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Cushman & Wakefield currently has an average rating of “Moderate Buy” and a consensus target price of $19.75.

Cushman & Wakefield Trading Down 4.2 %

CWK stock opened at $11.58 on Friday. The business has a fifty day moving average price of $13.64 and a 200 day moving average price of $12.78. Cushman & Wakefield plc has a fifty-two week low of $10.04 and a fifty-two week high of $21.22. The stock has a market capitalization of $2.61 billion, a price-to-earnings ratio of 13.31 and a beta of 1.37. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.16 and a quick ratio of 1.16.

Cushman & Wakefield (NYSE:CWK – Get Rating) last released its quarterly earnings results on Thursday, February 23rd. The company reported $0.46 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.46. The firm had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.44 billion. Cushman & Wakefield had a return on equity of 28.56% and a net margin of 1.94%. The business’s revenue was down 8.2% on a year-over-year basis. During the same period last year, the firm posted $0.64 EPS. Analysts expect that Cushman & Wakefield plc will post 1.58 EPS for the current fiscal year.

Cushman & Wakefield Profile

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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.