Deutsche Bank AG Buys 75,693 Shares of Cushman & Wakefield plc (NYSE:CWK)

Deutsche Bank AG raised its holdings in shares of Cushman & Wakefield plc (NYSE:CWK) by 58.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 206,164 shares of the company’s stock after purchasing an additional 75,693 shares during the quarter. Deutsche Bank AG owned 0.09% of Cushman & Wakefield worth $2,697,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the business. Centiva Capital LP bought a new position in Cushman & Wakefield during the fourth quarter valued at $325,000. Captrust Financial Advisors bought a new stake in shares of Cushman & Wakefield in the 4th quarter worth about $270,000. Ameriprise Financial Inc. increased its stake in Cushman & Wakefield by 0.4% in the 4th quarter. Ameriprise Financial Inc. now owns 3,951,305 shares of the company’s stock worth $51,683,000 after buying an additional 17,050 shares during the period. Aristeia Capital L.L.C. increased its stake in Cushman & Wakefield by 105.0% in the 4th quarter. Aristeia Capital L.L.C. now owns 43,870 shares of the company’s stock worth $574,000 after buying an additional 22,469 shares during the period. Finally, Mercer Global Advisors Inc. ADV purchased a new position in Cushman & Wakefield in the 4th quarter worth about $262,000. Institutional investors own 95.56% of the company’s stock.

Analysts Set New Price Targets

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

Cushman & Wakefield Stock Down 7.0%

Shares of Cushman & Wakefield stock opened at $9.53 on Thursday. The firm’s 50 day moving average price is $9.56 and its 200-day moving average price is $12.06. The company has a quick ratio of 1.18, a current ratio of 1.15 and a debt-to-equity ratio of 1.67. Cushman & Wakefield plc has a 52-week low of $7.64 and a 52-week high of $16.11. The company has a market cap of $2.20 billion, a P/E ratio of 17.32 and a beta of 1.37.

Cushman & Wakefield (NYSE:CWK) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.07. The firm had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.26 billion. Cushman & Wakefield had a net margin of 1.39% and a return on equity of 12.62%. The business’s revenue was up 4.6% on a year-over-year basis. On average, sell-side analysts predict that Cushman & Wakefield plc will post 1.2 EPS for the current fiscal year.

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.