Principal Financial Group Inc. Sells 94,010 Shares of Cushman & Wakefield PLC $CWK

Principal Financial Group Inc. lessened its stake in Cushman & Wakefield PLC (NYSE:CWK) by 6.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,282,978 shares of the company’s stock after selling 94,010 shares during the period. Principal Financial Group Inc. owned about 0.55% of Cushman & Wakefield worth $20,425,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in CWK. First Horizon Corp bought a new stake in shares of Cushman & Wakefield during the third quarter valued at approximately $32,000. EverSource Wealth Advisors LLC increased its holdings in Cushman & Wakefield by 126.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,364 shares of the company’s stock valued at $26,000 after buying an additional 1,321 shares during the period. Osaic Holdings Inc. raised its stake in shares of Cushman & Wakefield by 85.9% in the 2nd quarter. Osaic Holdings Inc. now owns 4,354 shares of the company’s stock valued at $48,000 after buying an additional 2,012 shares in the last quarter. CENTRAL TRUST Co bought a new position in shares of Cushman & Wakefield during the 2nd quarter worth about $50,000. Finally, GAMMA Investing LLC increased its stake in Cushman & Wakefield by 18.3% in the third quarter. GAMMA Investing LLC now owns 5,612 shares of the company’s stock valued at $89,000 after acquiring an additional 867 shares during the period. Institutional investors and hedge funds own 95.56% of the company’s stock.

Cushman & Wakefield Stock Performance

Cushman & Wakefield stock opened at $16.16 on Monday. The stock has a 50-day simple moving average of $16.21 and a 200 day simple moving average of $15.67. The stock has a market capitalization of $3.74 billion, a price-to-earnings ratio of 16.83 and a beta of 1.47. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.39. Cushman & Wakefield PLC has a 12-month low of $7.64 and a 12-month high of $17.40.

Analyst Ratings Changes

CWK has been the subject of a number of analyst reports. Citigroup upgraded shares of Cushman & Wakefield from a “neutral” rating to a “buy” rating and set a $18.00 price target for the company in a research note on Thursday, November 20th. Weiss Ratings restated a “hold (c)” rating on shares of Cushman & Wakefield in a research report on Wednesday, January 21st. Zacks Research lowered Cushman & Wakefield from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. JMP Securities set a $19.00 price objective on Cushman & Wakefield in a research note on Monday, November 3rd. Finally, Morgan Stanley restated an “overweight” rating and issued a $19.00 target price on shares of Cushman & Wakefield in a research note on Friday, January 16th. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Cushman & Wakefield currently has an average rating of “Moderate Buy” and a consensus target price of $18.56.

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.