Cushman & Wakefield PLC (NYSE:CWK) Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its holdings 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 filing with the Securities & Exchange Commission. The institutional investor owned 1,307,884 shares of the company's stock after buying an additional 32,795 shares during the quarter. Principal Financial Group Inc. owned 0.57% of Cushman & Wakefield worth $13,367,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of CWK. Jones Financial Companies Lllp raised its stake in Cushman & Wakefield by 143.9% during the 4th 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 in the last quarter. Proficio Capital Partners LLC acquired a new stake in Cushman & Wakefield during the 4th quarter worth $318,000. Raymond James Financial Inc. acquired a new stake in Cushman & Wakefield during the 4th quarter worth $25,964,000. Amundi raised its stake in Cushman & Wakefield by 191.8% during the 4th quarter. Amundi now owns 117,774 shares of the company's stock worth $1,436,000 after acquiring an additional 77,415 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Cushman & Wakefield by 11.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 57,118 shares of the company's stock worth $747,000 after acquiring an additional 5,647 shares in the last quarter. 95.56% of the stock is currently owned by institutional investors and hedge funds.

Cushman & Wakefield Stock Performance

Shares of NYSE:CWK traded down $0.13 during midday trading on Friday, hitting $11.70. The stock had a trading volume of 2,823,535 shares, compared to its average volume of 1,964,340. The company has a market capitalization of $2.71 billion, a PE ratio of 16.96 and a beta of 1.43. The stock has a 50 day moving average price of $10.59 and a two-hundred day moving average price of $11.05. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.64. Cushman & Wakefield PLC has a 1 year low of $7.64 and a 1 year high of $16.11.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.07. The business had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.26 billion. Cushman & Wakefield had a net margin of 1.70% and a return on equity of 13.50%. The company's revenue was up 4.6% on a year-over-year basis. As a group, equities analysts predict that Cushman & Wakefield PLC will post 1.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CWK. Wall Street Zen upgraded shares of Cushman & Wakefield from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Morgan Stanley set a $14.50 price objective on shares of Cushman & Wakefield and gave the stock an "overweight" rating in a research report on Thursday, June 12th. JPMorgan Chase & Co. lowered their price objective on shares of Cushman & Wakefield from $17.00 to $14.00 and set a "neutral" rating on the stock in a research report on Thursday, April 10th. The Goldman Sachs Group lowered their price objective 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. Finally, Citigroup lowered their price objective on shares of Cushman & Wakefield from $16.00 to $12.00 and set a "neutral" rating on the stock in a research report on Monday, March 17th. One analyst has rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Cushman & Wakefield currently has a consensus rating of "Hold" and a consensus price target of $13.43.

About Cushman & Wakefield

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.