Raymond James Financial Inc. Has $21.16 Million Stake in Cushman & Wakefield PLC $CWK

Raymond James Financial Inc. grew its holdings in Cushman & Wakefield PLC (NYSE:CWK) by 4.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,070,020 shares of the company’s stock after purchasing an additional 84,998 shares during the quarter. Raymond James Financial Inc. owned about 0.90% of Cushman & Wakefield worth $21,155,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in the business. Knights of Columbus Asset Advisors LLC boosted its holdings in Cushman & Wakefield by 2.7% in the 1st quarter. Knights of Columbus Asset Advisors LLC now owns 78,751 shares of the company’s stock valued at $805,000 after purchasing an additional 2,070 shares during the period. Yousif Capital Management LLC raised its position in shares of Cushman & Wakefield by 3.1% during the first quarter. Yousif Capital Management LLC now owns 89,757 shares of the company’s stock valued at $917,000 after buying an additional 2,686 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Cushman & Wakefield by 4.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 130,332 shares of the company’s stock valued at $1,705,000 after buying an additional 4,963 shares during the period. Federated Hermes Inc. grew its position in Cushman & Wakefield by 1.6% during the first quarter. Federated Hermes Inc. now owns 393,549 shares of the company’s stock worth $4,022,000 after buying an additional 6,256 shares in the last quarter. Finally, MetLife Investment Management LLC increased its stake in Cushman & Wakefield by 5.7% during the fourth quarter. MetLife Investment Management LLC now owns 139,693 shares of the company’s stock valued at $1,827,000 after acquiring an additional 7,588 shares during the period. 95.56% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CWK has been the topic of several recent research reports. UBS Group lifted their price objective on Cushman & Wakefield from $9.00 to $12.00 and gave the stock a “neutral” rating in a report on Wednesday, July 2nd. Morgan Stanley set a $14.50 target price on Cushman & Wakefield and gave the stock an “overweight” rating in a research report on Thursday, June 12th. Citizens Jmp initiated coverage on shares of Cushman & Wakefield in a report on Monday, July 21st. They issued a “strong-buy” rating and a $15.00 price target on the stock. The Goldman Sachs Group upgraded shares of Cushman & Wakefield from a “sell” rating to a “buy” rating and set a $17.50 price objective for the company in a research note on Friday, August 8th. Finally, Wall Street Zen upgraded shares of Cushman & Wakefield from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 9th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Cushman & Wakefield presently has an average rating of “Moderate Buy” and an average target price of $15.13.

Cushman & Wakefield Stock Down 0.9%

NYSE CWK opened at $15.85 on Wednesday. The stock has a market capitalization of $3.67 billion, a P/E ratio of 18.01 and a beta of 1.50. Cushman & Wakefield PLC has a 52 week low of $7.64 and a 52 week high of $16.22. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a fifty day moving average of $12.47 and a 200-day moving average of $11.07.

Cushman & Wakefield (NYSE:CWK) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.08. The firm had revenue of $1.65 billion during the quarter, compared to analyst estimates of $2.38 billion. Cushman & Wakefield had a return on equity of 14.33% and a net margin of 2.11%.The company’s revenue was up 7.2% on a year-over-year basis. During the same period last year, the company earned $0.20 earnings per share. On average, equities research analysts forecast that Cushman & Wakefield PLC will post 1.2 EPS for the current year.

About Cushman & Wakefield

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.