Cushman & Wakefield plc (NYSE:CWK) Shares Acquired by Citigroup Inc.

Citigroup Inc. boosted its stake in shares of Cushman & Wakefield plc (NYSE:CWK) by 92.6% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 310,383 shares of the company’s stock after purchasing an additional 149,213 shares during the quarter. Citigroup Inc.’s holdings in Cushman & Wakefield were worth $4,231,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Price T Rowe Associates Inc. MD lifted its stake in shares of Cushman & Wakefield by 7.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 89,904 shares of the company’s stock valued at $941,000 after buying an additional 5,982 shares during the period. California State Teachers Retirement System increased its position in shares of Cushman & Wakefield by 6.6% in the first quarter. California State Teachers Retirement System now owns 180,213 shares of the company’s stock worth $1,885,000 after acquiring an additional 11,154 shares in the last quarter. CWM LLC increased its position in shares of Cushman & Wakefield by 61.4% in the second quarter. CWM LLC now owns 5,468 shares of the company’s stock worth $57,000 after acquiring an additional 2,080 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its position in shares of Cushman & Wakefield by 12.7% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 6,208,780 shares of the company’s stock worth $64,571,000 after acquiring an additional 697,890 shares in the last quarter. Finally, SummerHaven Investment Management LLC grew its holdings in Cushman & Wakefield by 1.8% during the 2nd quarter. SummerHaven Investment Management LLC now owns 79,929 shares of the company’s stock valued at $831,000 after purchasing an additional 1,395 shares in the last quarter. 95.56% of the stock is currently owned by institutional investors and hedge funds.

Cushman & Wakefield Price Performance

Shares of CWK stock opened at $15.19 on Wednesday. The firm has a market cap of $3.49 billion, a P/E ratio of 41.05 and a beta of 1.32. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.18 and a quick ratio of 1.18. Cushman & Wakefield plc has a 1-year low of $8.42 and a 1-year high of $16.11. The firm has a fifty day moving average of $13.79 and a two-hundred day moving average of $12.56.

Cushman & Wakefield (NYSE:CWK) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.02. Cushman & Wakefield had a net margin of 0.94% and a return on equity of 12.10%. The firm had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same period last year, the firm posted $0.21 EPS. Cushman & Wakefield’s quarterly revenue was up 2.5% compared to the same quarter last year. As a group, research analysts anticipate that Cushman & Wakefield plc will post 0.88 earnings per share for the current fiscal year.

About Cushman & Wakefield

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.