Fintel reports that Tpg Gp A has filed a 13G/A form with the SEC disclosing ownership of 34.83MM shares of Cushman & Wakefield PLC (CWK). This represents 15.4% of the company.
In their previous filing dated February 11, 2022 they reported 37.75MM shares and 16.90% of the company, a decrease in shares of 7.74% and a decrease in total ownership of 1.50% (calculated as current - previous percent ownership).
Analyst Price Forecast Suggests 23.55% Upside
As of February 10, 2023, the average one-year price target for Cushman & Wakefield is $17.67. The forecasts range from a low of $14.39 to a high of $24.15. The average price target represents an increase of 23.55% from its latest reported closing price of $14.30.
The projected annual revenue for Cushman & Wakefield is $7,460MM, a decrease of 27.87%. The projected annual EPS is $1.94, an increase of 39.56%.
What is the Fund Sentiment?
There are 485 funds or institutions reporting positions in Cushman & Wakefield. This is an increase of 3 owner(s) or 0.62% in the last quarter. Average portfolio weight of all funds dedicated to CWK is 0.18%, a decrease of 22.21%. Total shares owned by institutions increased in the last three months by 1.30% to 219,980K shares. The put/call ratio of CWK is 0.79, indicating a bullish outlook.
What are large shareholders doing?
Ontario Teachers Pension Plan Board holds 10,464K shares representing 4.64% ownership of the company. No change in the last quarter.
Vulcan Value Partners holds 10,458K shares representing 4.63% ownership of the company. In it's prior filing, the firm reported owning 10,466K shares, representing a decrease of 0.07%. The firm decreased its portfolio allocation in CWK by 10.19% over the last quarter.
Franklin Resources holds 8,558K shares representing 3.79% ownership of the company. In it's prior filing, the firm reported owning 3,313K shares, representing an increase of 61.29%. The firm decreased its portfolio allocation in CWK by 40.78% over the last quarter.
Harris Associates L P holds 7,550K shares representing 3.34% ownership of the company. In it's prior filing, the firm reported owning 8,626K shares, representing a decrease of 14.24%. The firm decreased its portfolio allocation in CWK by 28.57% over the last quarter.
Jpmorgan Chase & holds 6,659K shares representing 2.95% ownership of the company. In it's prior filing, the firm reported owning 6,025K shares, representing an increase of 9.52%. The firm decreased its portfolio allocation in CWK by 14.40% over the last quarter.
Cushman & Wakefield Background Information
(This description is provided by the company.)
Cushman & Wakefield is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 50,000 employees in over 400 offices and 60 countries. In 2020, the firm had revenue of $7.8 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
