BNP Paribas Financial Markets Reduces Stock Position in Cushman & Wakefield plc (NYSE:CWK)

BNP Paribas Financial Markets cut its holdings in shares of Cushman & Wakefield plc (NYSE:CWK) by 10.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 87,906 shares of the company’s stock after selling 10,036 shares during the quarter. BNP Paribas Financial Markets’ holdings in Cushman & Wakefield were worth $1,150,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Barclays PLC boosted its position in Cushman & Wakefield by 322.6% during the 3rd quarter. Barclays PLC now owns 394,327 shares of the company’s stock worth $5,374,000 after acquiring an additional 301,017 shares during the period. Merit Financial Group LLC raised its position in Cushman & Wakefield by 20.4% during the fourth quarter. Merit Financial Group LLC now owns 18,054 shares of the company’s stock valued at $236,000 after buying an additional 3,054 shares during the period. Blue Trust Inc. raised its position in Cushman & Wakefield by 26.5% during the fourth quarter. Blue Trust Inc. now owns 4,429 shares of the company’s stock valued at $60,000 after buying an additional 928 shares during the period. KBC Group NV raised its position in Cushman & Wakefield by 2,516.4% during the fourth quarter. KBC Group NV now owns 208,289 shares of the company’s stock valued at $2,724,000 after buying an additional 200,328 shares during the period. Finally, Calamos Advisors LLC raised its position in Cushman & Wakefield by 533.0% during the fourth quarter. Calamos Advisors LLC now owns 281,985 shares of the company’s stock valued at $3,688,000 after buying an additional 237,441 shares during the period. 95.56% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Citigroup lowered their price objective on Cushman & Wakefield from $16.00 to $12.00 and set a “neutral” rating on the stock in a report on Monday, March 17th. UBS Group reduced their price objective on Cushman & Wakefield from $14.00 to $9.00 and set a “neutral” rating for the company in a research report on Friday, April 11th. Morgan Stanley reduced their price objective on Cushman & Wakefield from $15.00 to $14.00 and set an “overweight” rating for the company in a research report on Thursday, April 24th. The Goldman Sachs Group cut their target price on Cushman & Wakefield from $13.00 to $11.50 and set a “sell” rating for the company in a research report on Wednesday, March 19th. Finally, JPMorgan Chase & Co. cut their price objective on Cushman & Wakefield from $17.00 to $14.00 and set a “neutral” rating for the company in a research report on Thursday, April 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Cushman & Wakefield has an average rating of “Hold” and a consensus price target of $12.93.

Cushman & Wakefield Trading Down 1.1%

Shares of NYSE:CWK opened at $10.25 on Wednesday. The business’s 50 day simple moving average is $9.58 and its 200 day simple moving average is $12.08. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.15 and a quick ratio of 1.18. Cushman & Wakefield plc has a 1 year low of $7.64 and a 1 year high of $16.11. The company has a market capitalization of $2.37 billion, a P/E ratio of 18.64 and a beta of 1.37.

Cushman & Wakefield (NYSE:CWK) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.07. The company had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.26 billion. Cushman & Wakefield had a return on equity of 12.62% and a net margin of 1.39%. The firm’s revenue was up 4.6% compared to the same quarter last year. On average, research analysts anticipate that Cushman & Wakefield plc will post 1.2 EPS for the current fiscal year.

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.