Cushman & Wakefield plc (NYSE:CWK) Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets lifted its stake in Cushman & Wakefield plc (NYSE:CWK) by 112.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 187,983 shares of the company’s stock after acquiring an additional 99,619 shares during the quarter. BNP Paribas Financial Markets owned 0.08% of Cushman & Wakefield worth $2,030,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Vestor Capital LLC purchased a new position in shares of Cushman & Wakefield during the fourth quarter worth $3,097,000. Picton Mahoney Asset Management purchased a new position in Cushman & Wakefield during the 4th quarter valued at about $414,000. Charles Schwab Investment Management Inc. grew its position in Cushman & Wakefield by 19.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,911,069 shares of the company’s stock valued at $31,440,000 after acquiring an additional 482,235 shares in the last quarter. Summit Trail Advisors LLC purchased a new stake in Cushman & Wakefield during the fourth quarter worth about $109,000. Finally, Natixis Advisors L.P. purchased a new position in shares of Cushman & Wakefield in the fourth quarter valued at approximately $1,627,000. Hedge funds and other institutional investors own 95.56% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on CWK shares. Jefferies Financial Group began coverage on shares of Cushman & Wakefield in a research note on Wednesday, April 10th. They set a “buy” rating and a $13.00 target price on the stock. Raymond James cut Cushman & Wakefield from a “strong-buy” rating to an “outperform” rating and set a $13.00 target price for the company. in a research note on Wednesday, April 3rd. Finally, Wolfe Research reaffirmed a “peer perform” rating on shares of Cushman & Wakefield in a research report on Tuesday, April 9th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Cushman & Wakefield has a consensus rating of “Hold” and a consensus price target of $11.50.

Cushman & Wakefield Price Performance

Cushman & Wakefield stock opened at $10.79 on Friday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.89. The company has a fifty day simple moving average of $10.17 and a 200-day simple moving average of $9.88. The stock has a market cap of $2.47 billion, a P/E ratio of 269.75 and a beta of 1.33. Cushman & Wakefield plc has a 12-month low of $6.24 and a 12-month high of $11.83.

Cushman & Wakefield (NYSE:CWK) last released its quarterly earnings data on Tuesday, February 20th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.06. The business had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $1.78 billion. Cushman & Wakefield had a return on equity of 12.41% and a net margin of 0.13%. The business’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.46 EPS. Equities analysts expect that Cushman & Wakefield plc will post 0.97 EPS for the current fiscal year.

Insider Activity at Cushman & Wakefield

In other Cushman & Wakefield news, major shareholder Tpg Gp A, Llc sold 7,734,954 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $9.74, for a total transaction of $75,338,451.96. Following the sale, the insider now owns 17,098,001 shares of the company’s stock, valued at $166,534,529.74. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, major shareholder Tpg Gp A, Llc sold 7,734,954 shares of the stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $9.74, for a total value of $75,338,451.96. Following the transaction, the insider now directly owns 17,098,001 shares of the company’s stock, valued at approximately $166,534,529.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Nathaniel Robinson sold 40,000 shares of the business’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $9.99, for a total transaction of $399,600.00. Following the completion of the sale, the insider now directly owns 40,427 shares of the company’s stock, valued at $403,865.73. The disclosure for this sale can be found here. Insiders sold 24,872,955 shares of company stock valued at $263,816,063 over the last three months. 1.01% of the stock is owned by corporate insiders.

Cushman & Wakefield Company Profile

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.