Victory Capital Management Inc. Cuts Position in Cushman & Wakefield plc (NYSE:CWK)

Victory Capital Management Inc. lessened its holdings in Cushman & Wakefield plc (NYSE:CWK) by 10.0% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,185,306 shares of the company’s stock after selling 1,018,513 shares during the period. Victory Capital Management Inc. owned approximately 4.00% of Cushman & Wakefield worth $120,144,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Smartleaf Asset Management LLC raised its holdings in Cushman & Wakefield by 264.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,709 shares of the company’s stock valued at $48,000 after acquiring an additional 2,691 shares during the period. Blue Trust Inc. raised its holdings in Cushman & Wakefield by 26.5% during the 4th quarter. Blue Trust Inc. now owns 4,429 shares of the company’s stock valued at $60,000 after acquiring an additional 928 shares during the period. KBC Group NV raised its holdings in Cushman & Wakefield by 31.7% during the 3rd quarter. KBC Group NV now owns 7,961 shares of the company’s stock valued at $109,000 after acquiring an additional 1,915 shares during the period. Ieq Capital LLC bought a new stake in Cushman & Wakefield during the 4th quarter valued at $135,000. Finally, Jones Financial Companies Lllp raised 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 acquiring an additional 6,600 shares during the period. Hedge funds and other institutional investors own 95.56% of the company’s stock.

Cushman & Wakefield Trading Up 2.6 %

Shares of CWK stock opened at $11.70 on Thursday. Cushman & Wakefield plc has a 1 year low of $9.24 and a 1 year high of $16.11. The firm has a fifty day moving average price of $12.85 and a 200-day moving average price of $13.39. 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 $2.69 billion, a price-to-earnings ratio of 21.26 and a beta of 1.40.

Cushman & Wakefield (NYSE:CWK) last announced its earnings results on Thursday, February 20th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.03. The firm had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.67 billion. Cushman & Wakefield had a net margin of 1.39% and a return on equity of 12.62%. As a group, equities analysts predict that Cushman & Wakefield plc will post 1.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Cushman & Wakefield Company 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.