Ameriprise Financial Inc. Has $51.68 Million Position in Cushman & Wakefield plc (NYSE:CWK)

Ameriprise Financial Inc. grew its holdings in shares of Cushman & Wakefield plc (NYSE:CWK) by 0.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,951,305 shares of the company’s stock after buying an additional 17,050 shares during the quarter. Ameriprise Financial Inc. owned approximately 1.72% of Cushman & Wakefield worth $51,683,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CWK. Channing Capital Management LLC acquired a new position in Cushman & Wakefield during the fourth quarter valued at approximately $61,732,000. Norges Bank bought a new position in shares of Cushman & Wakefield in the fourth quarter valued at $38,720,000. Raymond James Financial Inc. bought a new stake in Cushman & Wakefield during the fourth quarter worth $25,964,000. Next Century Growth Investors LLC acquired a new stake in Cushman & Wakefield in the fourth quarter valued at $16,580,000. Finally, New York State Common Retirement Fund grew its position in shares of Cushman & Wakefield by 579.8% in the 4th quarter. New York State Common Retirement Fund now owns 1,295,988 shares of the company’s stock valued at $16,952,000 after acquiring an additional 1,105,355 shares during the period. 95.56% of the stock is currently owned by institutional investors and hedge funds.

Cushman & Wakefield Price Performance

Shares of Cushman & Wakefield stock opened at $10.23 on Friday. The company has a 50-day simple moving average of $9.66 and a two-hundred day simple moving average of $12.21. Cushman & Wakefield plc has a twelve month low of $7.64 and a twelve month high of $16.11. The stock has a market capitalization of $2.37 billion, a price-to-earnings ratio of 18.60 and a beta of 1.37. The company has a quick ratio of 1.18, a current ratio of 1.15 and a debt-to-equity ratio of 1.67.

Cushman & Wakefield (NYSE:CWK) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.07. The business had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.26 billion. Cushman & Wakefield had a return on equity of 12.62% and a net margin of 1.39%. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. Analysts forecast that Cushman & Wakefield plc will post 1.2 EPS for the current year.

Wall Street Analyst Weigh In

CWK has been the subject of several recent analyst reports. UBS Group cut their target price on shares of Cushman & Wakefield from $14.00 to $9.00 and set a “neutral” rating for the company in a research note on Friday, April 11th. The Goldman Sachs Group decreased their target price on Cushman & Wakefield from $13.00 to $11.50 and set a “sell” rating on the stock in a report on Wednesday, March 19th. JPMorgan Chase & Co. reduced their price objective on shares of Cushman & Wakefield from $17.00 to $14.00 and set a “neutral” rating for the company in a research report on Thursday, April 10th. Citigroup dropped their price objective on shares of Cushman & Wakefield from $16.00 to $12.00 and set a “neutral” rating on the stock in a research report on Monday, March 17th. Finally, Morgan Stanley decreased their price target on shares of Cushman & Wakefield from $15.00 to $14.00 and set an “overweight” rating on the stock in a research note on Thursday, April 24th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Cushman & Wakefield has a consensus rating of “Hold” and an average target price of $12.93.

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.