Bank of New York Mellon Corp Lowers Position in Cushman & Wakefield PLC (NYSE:CWK)

Bank of New York Mellon Corp trimmed its holdings in shares of Cushman & Wakefield PLC (NYSE:CWK) by 4.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,573,000 shares of the company’s stock after selling 69,784 shares during the quarter. Bank of New York Mellon Corp owned about 0.68% of Cushman & Wakefield worth $16,076,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in CWK. Sterling Capital Management LLC increased its stake in Cushman & Wakefield by 820.3% in the fourth quarter. Sterling Capital Management LLC now owns 7,215 shares of the company’s stock valued at $94,000 after acquiring an additional 6,431 shares during the last quarter. RiverPark Advisors LLC bought a new position in shares of Cushman & Wakefield during the 4th quarter valued at about $150,000. AXQ Capital LP purchased a new position in shares of Cushman & Wakefield during the 4th quarter valued at about $169,000. Jane Street Group LLC raised its holdings in shares of Cushman & Wakefield by 101.8% during the 4th quarter. Jane Street Group LLC now owns 14,542 shares of the company’s stock valued at $190,000 after buying an additional 837,554 shares in the last quarter. Finally, First Trust Advisors LP bought a new stake in Cushman & Wakefield in the 4th quarter worth approximately $197,000. 95.56% of the stock is currently owned by institutional investors.

Cushman & Wakefield Stock Performance

Shares of CWK stock opened at $11.19 on Friday. The company has a market capitalization of $2.59 billion, a price-to-earnings ratio of 16.22 and a beta of 1.43. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.18 and a current ratio of 1.18. Cushman & Wakefield PLC has a one year low of $7.64 and a one year high of $16.11. The company’s 50-day moving average is $10.71 and its 200 day moving average is $10.99.

Cushman & Wakefield (NYSE:CWK) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.02 by $0.07. Cushman & Wakefield had a return on equity of 13.50% and a net margin of 1.70%. The company had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.26 billion. The firm’s revenue was up 4.6% compared to the same quarter last year. Sell-side analysts expect that Cushman & Wakefield PLC will post 1.2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CWK has been the topic of a number of analyst reports. UBS Group lifted their price target on Cushman & Wakefield from $9.00 to $12.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 2nd. JPMorgan Chase & Co. decreased 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 note on Thursday, April 10th. Morgan Stanley set a $14.50 price target on shares of Cushman & Wakefield and gave the company an “overweight” rating in a research report on Thursday, June 12th. Finally, Wall Street Zen lowered shares of Cushman & Wakefield from a “strong-buy” rating to a “buy” rating in a report on Sunday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $13.43.

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.