Integrated Wealth Concepts LLC Sells 4,242 Shares of Cushman & Wakefield plc (NYSE:CWK)

Integrated Wealth Concepts LLC decreased its holdings in shares of Cushman & Wakefield plc (NYSE:CWK) by 11.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,102 shares of the company’s stock after selling 4,242 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Cushman & Wakefield were worth $438,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Vaughan Nelson Investment Management L.P. raised its stake in Cushman & Wakefield by 83.3% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 11,380,120 shares of the company’s stock worth $155,110,000 after buying an additional 5,171,340 shares during the period. Victory Capital Management Inc. grew its holdings in shares of Cushman & Wakefield by 31.2% during the second quarter. Victory Capital Management Inc. now owns 10,395,027 shares of the company’s stock worth $108,108,000 after buying an additional 2,469,831 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Cushman & Wakefield by 23.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 10,173,171 shares of the company’s stock worth $105,802,000 after acquiring an additional 1,910,212 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Cushman & Wakefield by 737.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,982,586 shares of the company’s stock valued at $27,023,000 after buying an additional 1,745,986 shares during the last quarter. Finally, Granite Investment Partners LLC acquired a new stake in shares of Cushman & Wakefield in the second quarter valued at about $13,998,000. Institutional investors and hedge funds own 95.56% of the company’s stock.

Cushman & Wakefield Stock Performance

NYSE CWK opened at $15.27 on Thursday. Cushman & Wakefield plc has a 52-week low of $8.61 and a 52-week high of $16.11. The stock has a market cap of $3.50 billion, a PE ratio of 41.27 and a beta of 1.32. The firm has a 50-day moving average of $13.98 and a 200-day moving average of $12.73. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.18 and a current ratio of 1.18.

Cushman & Wakefield (NYSE:CWK) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.02. Cushman & Wakefield had a return on equity of 12.10% and a net margin of 0.94%. The firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $1.61 billion. During the same period in the prior year, the firm posted $0.21 EPS. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. On average, sell-side analysts anticipate that Cushman & Wakefield plc will post 0.88 EPS for the current year.

Analyst Ratings Changes

Separately, The Goldman Sachs Group started coverage on Cushman & Wakefield in a report on Friday, December 6th. They issued a “sell” rating and a $15.00 price objective for the company. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $14.50.

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.