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

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

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Knights of Columbus Asset Advisors LLC boosted its position in shares of Cushman & Wakefield by 135.6% in the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 180,645 shares of the company’s stock worth $2,876,000 after purchasing an additional 103,968 shares during the last quarter. Federated Hermes Inc. raised its position in shares of Cushman & Wakefield by 30.2% in the 3rd quarter. Federated Hermes Inc. now owns 897,293 shares of the company’s stock valued at $14,285,000 after acquiring an additional 208,129 shares during the period. New York State Common Retirement Fund boosted its stake in Cushman & Wakefield by 486.1% during the 3rd quarter. New York State Common Retirement Fund now owns 1,117,297 shares of the company’s stock worth $17,787,000 after acquiring an additional 926,664 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Cushman & Wakefield by 68.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 508,086 shares of the company’s stock valued at $8,114,000 after purchasing an additional 206,537 shares during the period. Finally, Handelsbanken Fonder AB acquired a new position in Cushman & Wakefield during the second quarter valued at approximately $208,000. 95.56% of the stock is currently owned by institutional investors and hedge funds.

Cushman & Wakefield Stock Up 6.9%

Shares of CWK stock opened at $16.16 on Monday. The firm’s fifty day moving average price is $16.21 and its two-hundred day moving average price is $15.67. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.39. Cushman & Wakefield PLC has a 1 year low of $7.64 and a 1 year high of $17.40. The firm has a market capitalization of $3.74 billion, a P/E ratio of 16.83 and a beta of 1.47.

Analyst Upgrades and Downgrades

CWK has been the topic of a number of recent analyst reports. JMP Securities set a $19.00 price target on shares of Cushman & Wakefield in a research report on Monday, November 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Cushman & Wakefield in a report on Wednesday, January 21st. Zacks Research downgraded Cushman & Wakefield from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. Wall Street Zen cut Cushman & Wakefield from a “strong-buy” rating to a “buy” rating in a report on Saturday. Finally, Citigroup upgraded Cushman & Wakefield from a “neutral” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Thursday, November 20th. Six analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Cushman & Wakefield has an average rating of “Moderate Buy” and a consensus price target of $18.56.

Cushman & Wakefield 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.