Victory Capital Management Inc. Lowers Stock Position in Cushman & Wakefield plc (NYSE:CWK)

Victory Capital Management Inc. cut its stake in shares of Cushman & Wakefield plc (NYSE:CWK) by 2.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,098,252 shares of the company’s stock after selling 100,077 shares during the period. Victory Capital Management Inc. owned 1.80% of Cushman & Wakefield worth $44,261,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. SG Americas Securities LLC boosted its position in Cushman & Wakefield by 43.6% during the 3rd quarter. SG Americas Securities LLC now owns 84,172 shares of the company’s stock worth $641,000 after purchasing an additional 25,539 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Cushman & Wakefield by 45.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 32,583 shares of the company’s stock worth $245,000 after purchasing an additional 10,164 shares during the period. Allspring Global Investments Holdings LLC boosted its position in Cushman & Wakefield by 30.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 11,598 shares of the company’s stock worth $88,000 after purchasing an additional 2,737 shares during the period. Olympiad Research LP boosted its position in Cushman & Wakefield by 13.2% during the 3rd quarter. Olympiad Research LP now owns 20,006 shares of the company’s stock worth $152,000 after purchasing an additional 2,332 shares during the period. Finally, Principal Financial Group Inc. boosted its position in Cushman & Wakefield by 2.1% during the 3rd quarter. Principal Financial Group Inc. now owns 1,032,188 shares of the company’s stock worth $7,865,000 after purchasing an additional 21,178 shares during the period. 95.56% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Jefferies Financial Group assumed coverage on shares of Cushman & Wakefield in a research report on Wednesday, April 10th. They set a “buy” rating and a $13.00 price target for the company. Raymond James lowered shares of Cushman & Wakefield from a “strong-buy” rating to an “outperform” rating and set a $13.00 price objective on the stock. in a report on Wednesday, April 3rd. Finally, Wolfe Research reiterated a “peer perform” rating on shares of Cushman & Wakefield in a report on Tuesday, April 9th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Cushman & Wakefield presently has an average rating of “Hold” and an average target price of $11.08.

Insider Activity

In other news, insider Nathaniel Robinson sold 40,000 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $9.99, for a total value of $399,600.00. Following the sale, the insider now owns 40,427 shares in the company, valued at approximately $403,865.73. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Nathaniel Robinson sold 40,000 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $9.99, for a total transaction of $399,600.00. Following the sale, the insider now owns 40,427 shares in the company, valued at $403,865.73. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Tpg Gp A, Llc sold 7,734,954 shares of the stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $9.74, for a total transaction of $75,338,451.96. Following the sale, the insider now owns 17,098,001 shares in the company, valued at approximately $166,534,529.74. The disclosure for this sale can be found here. Company insiders own 1.01% of the company’s stock.

Cushman & Wakefield Stock Performance

Shares of CWK stock opened at $10.02 on Monday. The firm has a market capitalization of $2.30 billion, a P/E ratio of 250.50 and a beta of 1.33. The company’s fifty day moving average price is $9.89 and its two-hundred day moving average price is $9.55. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.13 and a quick ratio of 1.17. Cushman & Wakefield plc has a 12 month low of $6.24 and a 12 month high of $11.76.

Cushman & Wakefield (NYSE:CWK) last issued its earnings results on Tuesday, February 20th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.06. The business had revenue of $2.55 billion for the quarter, compared to analyst estimates of $1.78 billion. Cushman & Wakefield had a net margin of 0.13% and a return on equity of 12.41%. The company’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.46 EPS. On average, research analysts anticipate that Cushman & Wakefield plc will post 0.98 earnings per share for the current fiscal year.

Cushman & Wakefield Profile

Cushman & Wakefield plc, together with its subsidiaries, provides commercial real estate services under the Cushman & Wakefield brand in the United States, Australia, the United Kingdom, and internationally. The company operates through Americas; Europe, Middle East and Africa; and Asia Pacific segments.