Citigroup Inc. Has $2.13 Million Position in Cushman & Wakefield PLC $CWK

Citigroup Inc. lowered its stake in shares of Cushman & Wakefield PLC (NYSE:CWK) by 47.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 134,073 shares of the company’s stock after selling 120,193 shares during the quarter. Citigroup Inc. owned about 0.06% of Cushman & Wakefield worth $2,134,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CWK. Frontier Capital Management Co. LLC bought a new stake in shares of Cushman & Wakefield during the 2nd quarter worth $51,764,000. Balyasny Asset Management L.P. raised its holdings in Cushman & Wakefield by 128.6% in the 2nd quarter. Balyasny Asset Management L.P. now owns 2,879,485 shares of the company’s stock worth $31,876,000 after acquiring an additional 1,620,143 shares during the period. New York State Common Retirement Fund lifted its position in Cushman & Wakefield by 486.1% during the 3rd quarter. New York State Common Retirement Fund now owns 1,117,297 shares of the company’s stock worth $17,787,000 after acquiring an additional 926,664 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Cushman & Wakefield by 416.2% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 574,541 shares of the company’s stock worth $6,360,000 after acquiring an additional 463,241 shares during the last quarter. Finally, Federated Hermes Inc. boosted its holdings in Cushman & Wakefield by 75.1% during the second quarter. Federated Hermes Inc. now owns 689,164 shares of the company’s stock valued at $7,629,000 after acquiring an additional 295,615 shares during the period. Institutional investors and hedge funds own 95.56% of the company’s stock.

Cushman & Wakefield Stock Performance

NYSE:CWK opened at $12.63 on Friday. The firm’s 50-day moving average is $15.26 and its 200-day moving average is $15.68. The company has a market cap of $2.93 billion, a price-to-earnings ratio of 33.24 and a beta of 1.49. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.10 and a current ratio of 1.10. Cushman & Wakefield PLC has a 52-week low of $7.64 and a 52-week high of $17.40.

Cushman & Wakefield (NYSE:CWK) last released its earnings results on Thursday, February 19th. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.01. Cushman & Wakefield had a net margin of 0.86% and a return on equity of 15.02%. The business had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.83 billion. During the same quarter last year, the company earned $0.48 earnings per share. The firm’s revenue was up 10.8% on a year-over-year basis. Equities research analysts anticipate that Cushman & Wakefield PLC will post 1.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on CWK shares. Wall Street Zen downgraded Cushman & Wakefield from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 23rd. Wolfe Research upgraded Cushman & Wakefield from a “peer perform” rating to an “outperform” rating and set a $19.00 target price for the company in a research note on Monday, February 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cushman & Wakefield in a report on Wednesday, January 21st. Morgan Stanley reaffirmed an “overweight” rating and issued a $19.00 price target on shares of Cushman & Wakefield in a research report on Friday, January 16th. Finally, Barclays reiterated a “positive” rating and set a $19.00 price target on shares of Cushman & Wakefield in a report on Tuesday, January 13th. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Cushman & Wakefield has an average rating of “Moderate Buy” and an average price target of $18.56.

Cushman & Wakefield Company Profile

Cushman & Wakefield is a leading global commercial real estate services firm headquartered in Chicago. The company provides a wide range of services to occupiers and investors, specializing in transaction management, property management, facilities management and project management. Its clientele spans corporate occupiers, landlords, investors and government entities seeking solutions to optimize their real estate portfolios and operations.

The firm’s core offerings include leasing advisory for office, industrial, retail and multifamily properties, as well as capital markets advice on acquisitions, dispositions and debt and equity placements.