Allspring Global Investments Holdings LLC Purchases 2,852 Shares of Cushman & Wakefield plc (NYSE:CWK)

Posted by on Oct 20th, 2023

Allspring Global Investments Holdings LLC increased its holdings in Cushman & Wakefield plc (NYSE:CWK – Free Report) by 47.5% in the second quarter, Holdings Channel.com reports. The firm owned 8,861 shares of the company’s stock after acquiring an additional 2,852 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Cushman & Wakefield were worth $72,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in CWK. Advisor Group Holdings Inc. lifted its stake in shares of Cushman & Wakefield by 3,128.2% in the 1st quarter. Advisor Group Holdings Inc. now owns 2,292 shares of the company’s stock valued at $46,000 after purchasing an additional 2,221 shares during the period. Bank of New York Mellon Corp increased its position in shares of Cushman & Wakefield by 3.7% during the first quarter. Bank of New York Mellon Corp now owns 550,325 shares of the company’s stock valued at $11,287,000 after acquiring an additional 19,586 shares in the last quarter. US Bancorp DE increased its holdings in shares of Cushman & Wakefield by 1,215.8% in the 1st quarter. US Bancorp DE now owns 8,237 shares of the company’s stock worth $169,000 after purchasing an additional 7,611 shares in the last quarter. Bank of Montreal Can raised its stake in shares of Cushman & Wakefield by 7.0% in the first quarter. Bank of Montreal Can now owns 34,037 shares of the company’s stock worth $711,000 after purchasing an additional 2,216 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its holdings in shares of Cushman & Wakefield by 199.9% during the first quarter. Acadian Asset Management LLC now owns 13,220 shares of the company’s stock valued at $271,000 after purchasing an additional 8,812 shares in the last quarter. Hedge funds and other institutional investors own 90.47% of the company’s stock.

Cushman & Wakefield Trading Down 3.7 %

Shares of CWK opened at $6.96 on Friday. The firm has a market capitalization of $1.58 billion, a price-to-earnings ratio of -86.94 and a beta of 1.38. The company has a debt-to-equity ratio of 1.99, a current ratio of 1.24 and a quick ratio of 1.24. Cushman & Wakefield plc has a 1-year low of $6.64 and a 1-year high of $15.63. The company has a 50-day moving average of $8.26 and a 200 day moving average of $8.72.

Cushman & Wakefield (NYSE:CWK – Get Free Report) last posted its quarterly earnings results on Monday, July 31st. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.01. Cushman & Wakefield had a positive return on equity of 15.14% and a negative net margin of 0.18%. The business had revenue of $2.41 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the prior year, the company earned $0.63 EPS. The business’s revenue was down 7.9% compared to the same quarter last year. On average, research analysts expect that Cushman & Wakefield plc will post 0.84 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Raymond James lowered their target price on shares of Cushman & Wakefield from $18.00 to $12.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, October 4th. Citigroup reissued a “neutral” rating and issued a $10.50 target price on shares of Cushman & Wakefield in a report on Monday, September 18th. Five investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Cushman & Wakefield has a consensus rating of “Hold” and a consensus price target of $10.50.

View Our Latest Report on Cushman & Wakefield

Cushman & Wakefield Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Cushman & Wakefield (NYSE:CWK)

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