Principal Financial Group Inc. Grows Stake in Cushman & Wakefield PLC (NYSE:CWK)

Principal Financial Group Inc. lifted its stake in shares of Cushman & Wakefield PLC (NYSE:CWK - Free Report) by 2.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,307,884 shares of the company's stock after acquiring an additional 32,795 shares during the quarter. Principal Financial Group Inc. owned approximately 0.57% of Cushman & Wakefield worth $13,367,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of CWK. Sterling Capital Management LLC increased its position in shares of Cushman & Wakefield by 820.3% during the fourth quarter. Sterling Capital Management LLC now owns 7,215 shares of the company's stock worth $94,000 after acquiring an additional 6,431 shares during the period. Jones Financial Companies Lllp increased its position in shares of Cushman & Wakefield by 143.9% during the fourth quarter. Jones Financial Companies Lllp now owns 11,188 shares of the company's stock worth $146,000 after acquiring an additional 6,600 shares during the period. RiverPark Advisors LLC purchased a new position in shares of Cushman & Wakefield during the fourth quarter worth approximately $150,000. AXQ Capital LP purchased a new position in shares of Cushman & Wakefield during the fourth quarter worth approximately $169,000. Finally, Jane Street Group LLC increased its position in shares of Cushman & Wakefield by 101.8% during the fourth quarter. Jane Street Group LLC now owns 14,542 shares of the company's stock worth $190,000 after acquiring an additional 837,554 shares during the period. 95.56% of the stock is owned by hedge funds and other institutional investors.

Cushman & Wakefield Stock Up 1.0%

NYSE CWK traded up $0.11 on Wednesday, hitting $11.20. The stock had a trading volume of 2,249,994 shares, compared to its average volume of 1,964,665. The business's fifty day moving average price is $10.65 and its 200 day moving average price is $11.03. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.18 and a quick ratio of 1.18. Cushman & Wakefield PLC has a 52-week low of $7.64 and a 52-week high of $16.11. The stock has a market cap of $2.59 billion, a price-to-earnings ratio of 16.23 and a beta of 1.43.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.07. Cushman & Wakefield had a net margin of 1.70% and a return on equity of 13.50%. The business had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.26 billion. Cushman & Wakefield's quarterly revenue was up 4.6% compared to the same quarter last year. Equities research analysts anticipate that Cushman & Wakefield PLC will post 1.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CWK has been the topic of a number of research reports. The Goldman Sachs Group reduced their target price on shares of Cushman & Wakefield from $13.00 to $11.50 and set a "sell" rating on the stock in a research report on Wednesday, March 19th. Morgan Stanley set a $14.50 price objective on shares of Cushman & Wakefield and gave the company an "overweight" rating in a report on Thursday, June 12th. UBS Group lifted their price objective on shares of Cushman & Wakefield from $9.00 to $12.00 and gave the company a "neutral" rating in a report on Wednesday, July 2nd. Wall Street Zen raised shares of Cushman & Wakefield from a "buy" rating to a "strong-buy" rating in a report on Saturday. Finally, JPMorgan Chase & Co. cut their price objective on shares of Cushman & Wakefield from $17.00 to $14.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Cushman & Wakefield currently has a consensus rating of "Hold" and a consensus target price of $13.43.

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.