Principal Financial Group Inc. Sells 218,209 Shares of Cushman & Wakefield plc (NYSE:CWK)

Principal Financial Group Inc. decreased its holdings in Cushman & Wakefield plc (NYSE:CWK - Free Report) by 14.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,275,089 shares of the company's stock after selling 218,209 shares during the period. Principal Financial Group Inc. owned 0.56% of Cushman & Wakefield worth $16,678,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Blue Trust Inc. boosted its position in shares of Cushman & Wakefield by 137.5% in the third quarter. Blue Trust Inc. now owns 3,501 shares of the company's stock valued at $48,000 after acquiring an additional 2,027 shares during the period. Louisiana State Employees Retirement System boosted its position in shares of Cushman & Wakefield by 11.8% in the third quarter. Louisiana State Employees Retirement System now owns 110,800 shares of the company's stock valued at $1,510,000 after acquiring an additional 11,700 shares during the period. State of Alaska Department of Revenue boosted its position in shares of Cushman & Wakefield by 13.1% in the third quarter. State of Alaska Department of Revenue now owns 130,822 shares of the company's stock valued at $1,783,000 after acquiring an additional 15,171 shares during the period. New York State Teachers Retirement System boosted its position in shares of Cushman & Wakefield by 11.2% in the third quarter. New York State Teachers Retirement System now owns 114,931 shares of the company's stock valued at $1,567,000 after acquiring an additional 11,549 shares during the period. Finally, Vestor Capital LLC lifted its position in Cushman & Wakefield by 124.7% during the third quarter. Vestor Capital LLC now owns 671,529 shares of the company's stock valued at $9,153,000 after purchasing an additional 372,696 shares during the last quarter. Hedge funds and other institutional investors own 95.56% of the company's stock.

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Analyst Ratings Changes

CWK has been the subject of several research analyst reports. Jefferies Financial Group lowered shares of Cushman & Wakefield from a "buy" rating to a "hold" rating and dropped their target price for the company from $18.00 to $14.00 in a research report on Thursday, January 2nd. JPMorgan Chase & Co. lifted their target price on shares of Cushman & Wakefield from $14.00 to $17.00 and gave the company a "neutral" rating in a research report on Monday, December 16th. Finally, The Goldman Sachs Group decreased their price target on shares of Cushman & Wakefield from $14.50 to $13.00 and set a "sell" rating on the stock in a research note on Friday, February 21st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $15.00.

Cushman & Wakefield Trading Down 0.2 %

Shares of NYSE CWK traded down $0.03 during mid-day trading on Friday, hitting $11.88. The stock had a trading volume of 2,244,028 shares, compared to its average volume of 1,638,449. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.18 and a current ratio of 1.15. Cushman & Wakefield plc has a 1 year low of $9.24 and a 1 year high of $16.11. The business has a 50 day moving average price of $12.93 and a two-hundred day moving average price of $13.39. The firm has a market cap of $2.73 billion, a P/E ratio of 21.59 and a beta of 1.34.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.45 by $0.03. Cushman & Wakefield had a net margin of 1.39% and a return on equity of 12.62%. The business had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.67 billion. On average, equities analysts anticipate that Cushman & Wakefield plc will post 1.2 EPS for the current fiscal year.

Cushman & Wakefield Profile

Cushman & Wakefield Plc engages in the provision of commercial real estate services. It operates through the following geographical segments: Americas, Europe, Middle East and Africa (EMEA), and Asia Pacific (APAC). The Americas segment consists of operations located in the United States, Canada and key markets in Latin America.