JPMorgan Chase & Co. Purchases 806,684 Shares of Cushman & Wakefield plc (NYSE:CWK)

JPMorgan Chase & Co. raised its position in shares of Cushman & Wakefield plc (NYSE:CWK) by 6.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,700,599 shares of the company’s stock after purchasing an additional 806,684 shares during the quarter. JPMorgan Chase & Co. owned 5.97% of Cushman & Wakefield worth $179,204,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of CWK. Smartleaf Asset Management LLC increased its position in shares of Cushman & Wakefield by 264.3% during the fourth 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 in the last quarter. Blue Trust Inc. boosted its stake 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 purchasing an additional 928 shares during the last quarter. Ieq Capital LLC bought a new stake in shares of Cushman & Wakefield in the 4th quarter worth $135,000. Jones Financial Companies Lllp raised its stake in shares of Cushman & Wakefield by 143.9% in the fourth quarter. Jones Financial Companies Lllp now owns 11,188 shares of the company’s stock worth $146,000 after purchasing an additional 6,600 shares during the last quarter. Finally, Walleye Capital LLC bought a new position in shares of Cushman & Wakefield during the third quarter valued at $150,000. 95.56% of the stock is owned by hedge funds and other institutional investors.

Cushman & Wakefield Price Performance

Shares of NYSE:CWK opened at $10.23 on Tuesday. The firm’s 50 day moving average price is $12.10 and its 200-day moving average price is $13.11. The company has a quick ratio of 1.18, a current ratio of 1.15 and a debt-to-equity ratio of 1.67. The stock has a market capitalization of $2.35 billion, a PE ratio of 18.59 and a beta of 1.40. Cushman & Wakefield plc has a twelve month low of $9.24 and a twelve month high of $16.11.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on CWK shares. The Goldman Sachs Group reduced their price objective on Cushman & Wakefield from $13.00 to $11.50 and set a “sell” rating for the company in a report on Wednesday, March 19th. JPMorgan Chase & Co. boosted their price objective on shares of Cushman & Wakefield from $14.00 to $17.00 and gave the company a “neutral” rating in a report on Monday, December 16th. Jefferies Financial Group cut shares of Cushman & Wakefield from a “buy” rating to a “hold” rating and dropped their target price for the stock from $18.00 to $14.00 in a report on Thursday, January 2nd. Finally, Citigroup cut their target price on shares of Cushman & Wakefield from $16.00 to $12.00 and set a “neutral” rating for the company in a research report on Monday, March 17th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $14.10.

Cushman & Wakefield 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.