Principal Financial Group Inc. Buys 518,500 Shares of Cushman & Wakefield plc (NYSE:CWK)

Principal Financial Group Inc. boosted its stake in shares of Cushman & Wakefield plc (NYSE:CWK - Free Report) by 53.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. 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 approximately 0.65% of Cushman & Wakefield worth $20,354,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Texas Permanent School Fund Corp lifted its holdings in shares of Cushman & Wakefield by 1.7% in the first quarter. Texas Permanent School Fund Corp now owns 147,178 shares of the company's stock valued at $1,539,000 after purchasing an additional 2,428 shares in the last quarter. Swiss National Bank grew its stake in shares of Cushman & Wakefield by 14.6% during the 1st quarter. Swiss National Bank now owns 359,000 shares of the company's stock worth $3,755,000 after acquiring an additional 45,700 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Cushman & Wakefield in the first quarter valued at approximately $272,000. Sei Investments Co. lifted its position in shares of Cushman & Wakefield by 52.8% in the first quarter. Sei Investments Co. now owns 658,629 shares of the company's stock worth $6,889,000 after purchasing an additional 227,519 shares in the last quarter. Finally, US Bancorp DE bought a new stake in shares of Cushman & Wakefield in the first quarter worth $569,000. Institutional investors own 95.56% of the company's stock.

Analyst Ratings Changes

CWK has been the topic of several analyst reports. JPMorgan Chase & Co. boosted their price target on shares of Cushman & Wakefield from $12.00 to $14.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 30th. Raymond James upped their price target on shares of Cushman & Wakefield from $14.00 to $16.00 and gave the company an "outperform" rating in a research note on Thursday, July 25th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $12.80.

Cushman & Wakefield Stock Down 2.1 %

CWK traded down $0.31 during midday trading on Thursday, hitting $14.13. The company had a trading volume of 624,335 shares, compared to its average volume of 2,205,421. The company has a market capitalization of $3.24 billion, a price-to-earnings ratio of 38.19 and a beta of 1.30. The stock's 50 day moving average price is $13.35 and its 200 day moving average price is $12.13. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.76. Cushman & Wakefield plc has a 52 week low of $8.09 and a 52 week high of $16.11.

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 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 business had revenue of $2.34 billion for the quarter, compared to analyst estimates of $1.61 billion. During the same period last year, the company posted $0.21 earnings per share. Cushman & Wakefield's quarterly revenue was up 2.5% compared to the same quarter last year. On average, research analysts anticipate that Cushman & Wakefield plc will post 0.86 earnings per share for the current fiscal year.

Cushman & Wakefield Company 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.