Charles Schwab Investment Management Inc. Has $52.68 Million Position in Cushman & Wakefield plc (NYSE:CWK)

Charles Schwab Investment Management Inc. boosted its position in shares of Cushman & Wakefield plc (NYSE:CWK) by 1.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,027,744 shares of the company’s stock after purchasing an additional 52,178 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Cushman & Wakefield were worth $52,683,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC boosted its holdings in shares of Cushman & Wakefield by 264.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,709 shares of the company’s stock valued at $48,000 after buying an additional 2,691 shares during the period. Blue Trust Inc. boosted its holdings in shares of Cushman & Wakefield by 26.5% in 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 boosted its holdings in shares of Cushman & Wakefield by 31.7% in the third quarter. KBC Group NV now owns 7,961 shares of the company’s stock valued at $109,000 after buying an additional 1,915 shares during the period. Ieq Capital LLC acquired a new position in shares of Cushman & Wakefield in the fourth quarter valued at approximately $135,000. Finally, Jones Financial Companies Lllp boosted its holdings in shares of Cushman & Wakefield by 143.9% in the fourth quarter. Jones Financial Companies Lllp now owns 11,188 shares of the company’s stock valued at $146,000 after buying an additional 6,600 shares during the period. Institutional investors and hedge funds own 95.56% of the company’s stock.

Cushman & Wakefield Stock Performance

Shares of CWK opened at $10.40 on Friday. Cushman & Wakefield plc has a 12 month low of $9.24 and a 12 month high of $16.11. The firm has a fifty day simple moving average of $12.59 and a 200 day simple moving average of $13.29. The stock has a market capitalization of $2.39 billion, a price-to-earnings ratio of 18.91 and a beta of 1.40. The company has a current ratio of 1.15, a quick ratio of 1.18 and a debt-to-equity ratio of 1.67.

Cushman & Wakefield (NYSE:CWK) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.03. Cushman & Wakefield had a net margin of 1.39% and a return on equity of 12.62%. The firm had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.67 billion. Research analysts forecast that Cushman & Wakefield plc will post 1.2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CWK. The Goldman Sachs Group reduced their price target on shares of Cushman & Wakefield from $14.50 to $13.00 and set a “sell” rating for the company in a report on Friday, February 21st. JPMorgan Chase & Co. increased their target price on shares of Cushman & Wakefield from $14.00 to $17.00 and gave the stock a “neutral” rating in a report on Monday, December 16th. Finally, Jefferies Financial Group cut shares of Cushman & Wakefield from a “buy” rating to a “hold” rating and reduced their target price for the stock from $18.00 to $14.00 in a report on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $15.00.

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.