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

Principal Financial Group Inc. grew its holdings in shares of Cushman & Wakefield plc (NYSE:CWK) by 53.2% during the 3rd quarter, HoldingsChannel.com reports. 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.’s holdings in Cushman & Wakefield were worth $20,354,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of CWK. Franklin Resources Inc. grew its holdings in Cushman & Wakefield by 87.1% during the third quarter. Franklin Resources Inc. now owns 319,718 shares of the company’s stock worth $3,993,000 after acquiring an additional 148,813 shares during the period. Geode Capital Management LLC grew its stake in shares of Cushman & Wakefield by 7.5% during the 3rd quarter. Geode Capital Management LLC now owns 5,696,370 shares of the company’s stock worth $77,656,000 after purchasing an additional 395,652 shares during the period. Barclays PLC increased its holdings in shares of Cushman & Wakefield by 322.6% in the 3rd quarter. Barclays PLC now owns 394,327 shares of the company’s stock valued at $5,374,000 after purchasing an additional 301,017 shares in the last quarter. XTX Topco Ltd lifted its stake in shares of Cushman & Wakefield by 4.8% in the third quarter. XTX Topco Ltd now owns 19,849 shares of the company’s stock valued at $271,000 after purchasing an additional 903 shares during the period. Finally, Wolverine Trading LLC purchased a new stake in Cushman & Wakefield during the third quarter worth about $165,000. 95.56% of the stock is owned by hedge funds and other institutional investors.

Cushman & Wakefield Price Performance

CWK stock opened at $13.33 on Friday. The stock’s fifty day simple moving average is $14.24 and its 200-day simple moving average is $12.96. Cushman & Wakefield plc has a 52-week low of $9.24 and a 52-week high of $16.11. The stock has a market capitalization of $3.06 billion, a price-to-earnings ratio of 36.03 and a beta of 1.32. 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 (NYSE:CWK) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.02. The company had revenue of $2.34 billion for the quarter, compared to analyst estimates of $1.61 billion. Cushman & Wakefield had a net margin of 0.94% and a return on equity of 12.10%. Cushman & Wakefield’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter last year, the business earned $0.21 EPS. Equities research analysts expect that Cushman & Wakefield plc will post 0.88 EPS for the current year.

Analyst Ratings Changes

CWK has been the subject of a number of research reports. The Goldman Sachs Group began coverage on shares of Cushman & Wakefield in a research report on Friday, December 6th. They set a “sell” rating and a $15.00 price target for the company. JPMorgan Chase & Co. boosted their target price on Cushman & Wakefield from $14.00 to $17.00 and gave the stock a “neutral” rating in a research report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $15.25.

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.