Principal Financial Group Inc. Grows Position in Cushman & Wakefield plc (NYSE:CWK)

Principal Financial Group Inc. boosted its stake in shares of Cushman & Wakefield plc (NYSE:CWK – Get Rating) by 4,466.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,056,871 shares of the company’s stock after purchasing an additional 1,033,728 shares during the period. Principal Financial Group Inc.’s holdings in Cushman & Wakefield were worth $13,169,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CWK. Advisor Group Holdings Inc. increased its position in Cushman & Wakefield by 3,128.2% during the 1st quarter. Advisor Group Holdings Inc. now owns 2,292 shares of the company’s stock valued at $46,000 after buying an additional 2,221 shares in the last quarter. Bank of New York Mellon Corp increased its position in Cushman & Wakefield by 3.7% during the 1st quarter. Bank of New York Mellon Corp now owns 550,325 shares of the company’s stock valued at $11,287,000 after buying an additional 19,586 shares in the last quarter. US Bancorp DE increased its position in Cushman & Wakefield by 1,215.8% during the 1st quarter. US Bancorp DE now owns 8,237 shares of the company’s stock valued at $169,000 after buying an additional 7,611 shares in the last quarter. Bank of Montreal Can increased its position in Cushman & Wakefield by 7.0% during the 1st quarter. Bank of Montreal Can now owns 34,037 shares of the company’s stock valued at $711,000 after buying an additional 2,216 shares in the last quarter. Finally, Acadian Asset Management LLC increased its position in Cushman & Wakefield by 199.9% during the 1st quarter. Acadian Asset Management LLC now owns 13,220 shares of the company’s stock valued at $271,000 after buying an additional 8,812 shares in the last quarter. Institutional investors own 83.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CWK. Wolfe Research lowered Cushman & Wakefield from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, January 31st. Credit Suisse Group reduced their target price on Cushman & Wakefield from $15.00 to $9.00 in a report on Friday, May 19th. UBS Group cut Cushman & Wakefield from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $19.00 to $10.00 in a research note on Monday, April 17th. The Goldman Sachs Group cut Cushman & Wakefield from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $15.50 to $11.00 in a research note on Monday, April 10th. Finally, TheStreet cut Cushman & Wakefield from a “c” rating to a “d” rating in a research note on Thursday, May 4th. Four analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $14.40.

Cushman & Wakefield Stock Down 4.0 %

Cushman & Wakefield stock opened at $7.82 on Thursday. The stock has a market cap of $1.78 billion, a PE ratio of 23.70 and a beta of 1.33. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.18 and a current ratio of 1.18. Cushman & Wakefield plc has a one year low of $7.16 and a one year high of $19.15. The stock has a fifty day moving average of $9.24 and a 200 day moving average of $11.47.

Cushman & Wakefield (NYSE:CWK – Get Rating) last posted its quarterly earnings data on Thursday, May 4th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.23). The firm had revenue of $2.25 billion for the quarter, compared to analysts’ expectations of $2.10 billion. Cushman & Wakefield had a net margin of 0.74% and a return on equity of 20.99%. The firm’s revenue was down 3.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.48 EPS. As a group, sell-side analysts predict that Cushman & Wakefield plc will post 1.26 EPS for the current year.

Cushman & Wakefield Company Profile

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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.