Principal Financial Group Inc. Has $20.35 Million Stock Position in Cushman & Wakefield plc (NYSE:CWK)

Principal Financial Group Inc. raised its stake in shares of Cushman & Wakefield plc (NYSE:CWK - Free Report) by 53.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,493,298 shares of the company's stock after buying an additional 518,500 shares during the period. Principal Financial Group Inc. owned about 0.65% of Cushman & Wakefield worth $20,354,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CWK. Vaughan Nelson Investment Management L.P. grew its position in Cushman & Wakefield by 83.3% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 11,380,120 shares of the company's stock worth $155,110,000 after acquiring an additional 5,171,340 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of Cushman & Wakefield by 31.2% in the 2nd quarter. Victory Capital Management Inc. now owns 10,395,027 shares of the company's stock valued at $108,108,000 after purchasing an additional 2,469,831 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Cushman & Wakefield by 23.1% in the second quarter. Dimensional Fund Advisors LP now owns 10,173,171 shares of the company's stock worth $105,802,000 after purchasing an additional 1,910,212 shares in the last quarter. State Street Corp increased its position in Cushman & Wakefield by 9.8% during the third quarter. State Street Corp now owns 8,463,595 shares of the company's stock worth $115,359,000 after buying an additional 756,966 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in Cushman & Wakefield by 7.5% during the third quarter. Geode Capital Management LLC now owns 5,696,370 shares of the company's stock valued at $77,656,000 after buying an additional 395,652 shares in the last quarter. 95.56% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on CWK. JPMorgan Chase & Co. upped their price target on Cushman & Wakefield from $14.00 to $17.00 and gave the stock a "neutral" rating in a research note on Monday, December 16th. The Goldman Sachs Group started coverage on Cushman & Wakefield in a research report on Friday, December 6th. They set a "sell" rating and a $15.00 target price for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $15.25.

Cushman & Wakefield Stock Performance

Shares of Cushman & Wakefield stock traded down $0.26 during trading on Friday, reaching $13.07. The company's stock had a trading volume of 851,957 shares, compared to its average volume of 2,120,626. Cushman & Wakefield plc has a one year low of $9.24 and a one year high of $16.11. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.18 and a current ratio of 1.18. The firm has a market cap of $3.00 billion, a price-to-earnings ratio of 35.32 and a beta of 1.32. The business's fifty day moving average price is $14.24 and its 200-day moving average price is $12.96.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.21 by $0.02. Cushman & Wakefield had a return on equity of 12.10% and a net margin of 0.94%. The company had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same period in the previous year, the business posted $0.21 EPS. The company's revenue for the quarter was up 2.5% on a year-over-year basis. As a group, equities research analysts predict that Cushman & Wakefield plc will post 0.88 earnings per share for the current year.

Cushman & Wakefield Profile

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.