Principal Financial Group Inc. Has $17.48 Million Holdings in Cushman & Wakefield PLC $CWK

Principal Financial Group Inc. grew its holdings in Cushman & Wakefield PLC (NYSE:CWK) by 4.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,426,178 shares of the company’s stock after purchasing an additional 66,382 shares during the quarter. Principal Financial Group Inc. owned approximately 0.61% of Cushman & Wakefield worth $17,485,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of CWK. Tudor Investment Corp ET AL bought a new stake in shares of Cushman & Wakefield during the 3rd quarter valued at $3,538,000. Bessemer Group Inc. lifted its stake in shares of Cushman & Wakefield by 62,083.6% in the 4th quarter. Bessemer Group Inc. now owns 871,814 shares of the company’s stock valued at $14,115,000 after purchasing an additional 870,412 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of Cushman & Wakefield by 27.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 649,886 shares of the company’s stock worth $10,294,000 after purchasing an additional 141,800 shares during the last quarter. Ritholtz Wealth Management boosted its position in shares of Cushman & Wakefield by 308.2% in the 4th quarter. Ritholtz Wealth Management now owns 191,542 shares of the company’s stock worth $3,101,000 after purchasing an additional 144,622 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd boosted its position in shares of Cushman & Wakefield by 173.3% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 184,497 shares of the company’s stock worth $2,262,000 after purchasing an additional 116,997 shares during the last quarter. Institutional investors and hedge funds own 95.56% of the company’s stock.

Cushman & Wakefield Trading Down 4.7%

Shares of NYSE CWK opened at $12.47 on Thursday. Cushman & Wakefield PLC has a twelve month low of $11.56 and a twelve month high of $17.40. The stock has a market cap of $2.92 billion, a price-to-earnings ratio of 38.97 and a beta of 1.44. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.34. The company’s fifty day moving average is $13.18 and its 200-day moving average is $13.82.

Cushman & Wakefield (NYSE:CWK) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. The business had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Cushman & Wakefield had a net margin of 0.70% and a return on equity of 15.41%. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.09 EPS. Equities research analysts predict that Cushman & Wakefield PLC will post 1.45 EPS for the current year.

Insider Transactions at Cushman & Wakefield

In other Cushman & Wakefield news, insider Nathaniel Robinson sold 24,828 shares of the stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $13.25, for a total value of $328,971.00. Following the completion of the sale, the insider directly owned 70,876 shares in the company, valued at $939,107. This represents a 25.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.74% of the company’s stock.

Analyst Upgrades and Downgrades

CWK has been the subject of a number of recent analyst reports. Weiss Ratings upgraded Cushman & Wakefield from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, June 26th. Wall Street Zen cut Cushman & Wakefield from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. Finally, The Goldman Sachs Group set a $17.00 target price on Cushman & Wakefield and gave the stock a “buy” rating in a research report on Friday, May 22nd. Five research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $18.00.

Cushman & Wakefield Company Profile

Cushman & Wakefield is a leading global commercial real estate services firm headquartered in Chicago. The company provides a wide range of services to occupiers and investors, specializing in transaction management, property management, facilities management and project management. Its clientele spans corporate occupiers, landlords, investors and government entities seeking solutions to optimize their real estate portfolios and operations.

The firm’s core offerings include leasing advisory for office, industrial, retail and multifamily properties, as well as capital markets advice on acquisitions, dispositions and debt and equity placements.