Norges Bank takes position in Cushman & Wakefield plc (NYSE:CWK)

Norges Bank purchased a new stake in Cushman & Wakefield plc (NYSE:CWK – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,735,371 shares of the company’s stock, valued at approximately $18,742,000. Norges Bank owned 0.76% of Cushman & Wakefield as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of CWK. Vanguard Group Inc. boosted its position in shares of Cushman & Wakefield by 2.6% during the 3rd quarter. Vanguard Group Inc. now owns 26,579,988 shares of the company’s stock worth $202,540,000 after purchasing an additional 665,070 shares during the last quarter. FMR LLC boosted its position in shares of Cushman & Wakefield by 3.9% in the 3rd quarter. FMR LLC now owns 22,232,050 shares of the company’s stock worth $169,408,000 after buying an additional 834,176 shares in the the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Cushman & Wakefield by 13.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,073,848 shares of the company’s stock worth $76,400,000 after buying another 825,570 shares in the last quarter. Rush Island Management LP boosted its position in shares of Cushman & Wakefield by 4.3% in the third quarter. Rush Island Management LP now owns 3,583,597 shares of the company’s stock worth $27,307,000 after buying an additional 146,820 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Cushman & Wakefield by 19.9% ​​during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,911,069 shares of the company’s stock worth $31,440,000 after buying an additional 482,235 shares in the last quarter. 95.56% of shares are owned by institutional investors and hedge funds.

Insider buying and selling

In related news, major shareholder Tpg Gp A, Llc sold 17,098,001 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $11.00, for a total value of $188,078,011.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders hold 1.01% of the company’s shares.

The Wall Street analyst weighs in

CWK has been the subject of several research analyst reports. Jefferies Financial Group initiated 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 on the stock. Raymond James cut 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 research report on Wednesday, April 3rd. Finally, Wolfe Research reiterated a “peer perform” rating on shares of Cushman & Wakefield in a research report on Tuesday, April 9th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $11.50, according to MarketBeat.

See our latest report on CWK

Cushman and Wakefield price performance

Shares of Cushman & Wakefield stock traded up $0.22 on Monday, reaching $10.89. The company’s stock had a trading volume of 1,047,842 shares, compared to its average volume of 2,354,447. Cushman & Wakefield plc has a 52-week low of $6.24 and a 52-week high of $11.83. The company has a quick ratio of 1.13, a current ratio of 1.13, and a debt-to-equity ratio of 1.89. The firm has a fifty day moving average price of $10.29 and a 200 day moving average price of $10.03. The company has a market cap of $2.49 billion, a P/E ratio of 277.75 and a beta of 1.34.

Cushman & Wakefield 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 across America; Europe, Middle East and Africa; and the Asia Pacific segments.

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