Principal Financial Group Inc (PFG) Holdings Increased by Invictus RG

Invictus RG raised its position in shares of Principal Financial Group Inc (NYSE:PFG) by 118.6% in the third quarter, according to its most recent filing with the SEC. The firm owned 4,439 shares of the financial services provider’s stock after purchasing an additional 2,408 shares during the quarter. Invictus RG’s holdings in Principal Financial Group were worth $286,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Sun Life Financial INC increased its position in Principal Financial Group by 21,822.2% during the 2nd quarter. Sun Life Financial INC now owns 1,973 shares of the financial services provider’s stock valued at $126,000 after purchasing an additional 1,964 shares during the period. Koch Industries Inc. acquired a new stake in Principal Financial Group during the 2nd quarter valued at approximately $210,000. Honkamp Krueger Financial Services Inc. acquired a new stake in Principal Financial Group during the 3rd quarter valued at approximately $226,000. ETRADE Capital Management LLC acquired a new stake in Principal Financial Group during the 2nd quarter valued at approximately $269,000. Finally, HL Financial Services LLC increased its position in Principal Financial Group by 27.8% during the 2nd quarter. HL Financial Services LLC now owns 4,254 shares of the financial services provider’s stock valued at $273,000 after purchasing an additional 925 shares during the period. 68.81% of the stock is owned by institutional investors and hedge funds.

Shares of Principal Financial Group Inc (NYSE:PFG) traded up $0.14 on Thursday, hitting $70.82. The company had a trading volume of 945,700 shares, compared to its average volume of 1,112,263. Principal Financial Group Inc has a 12 month low of $56.12 and a 12 month high of $72.23. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.26. The company has a market cap of $20,409.18, a PE ratio of 13.78, a P/E/G ratio of 1.35 and a beta of 1.71.

Principal Financial Group (NYSE:PFG) last issued its earnings results on Thursday, October 26th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.02). Principal Financial Group had a return on equity of 13.55% and a net margin of 12.35%. The firm had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $3.12 billion. During the same quarter in the prior year, the business earned $1.15 earnings per share. analysts anticipate that Principal Financial Group Inc will post 5.22 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Monday, December 4th will be issued a $0.49 dividend. This is a boost from Principal Financial Group’s previous quarterly dividend of $0.47. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date of this dividend is Friday, December 1st. Principal Financial Group’s dividend payout ratio (DPR) is currently 32.13%.

In other Principal Financial Group news, insider James P. Mccaughan sold 6,193 shares of the firm’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $62.33, for a total transaction of $386,009.69. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Nora Mary Everett sold 12,398 shares of the firm’s stock in a transaction on Wednesday, October 18th. The shares were sold at an average price of $68.00, for a total value of $843,064.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 197,606 shares of company stock worth $13,630,935. 1.50% of the stock is owned by company insiders.

A number of analysts have weighed in on the stock. Wells Fargo & Company set a $76.00 target price on shares of Principal Financial Group and gave the company a “buy” rating in a research report on Wednesday, October 18th. Goldman Sachs Group assumed coverage on shares of Principal Financial Group in a research report on Wednesday, October 18th. They set a “neutral” rating and a $70.00 target price for the company. Zacks Investment Research downgraded shares of Principal Financial Group from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. Morgan Stanley increased their target price on shares of Principal Financial Group from $67.00 to $72.00 and gave the company an “equal weight” rating in a research report on Thursday, October 5th. Finally, BidaskClub downgraded shares of Principal Financial Group from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $67.40.

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About Principal Financial Group

Principal Financial Group, Inc is an investment management company. The Company offers a range of financial products and services, including retirement, asset management and insurance. Its segments include Retirement and Income Solutions; Principal Global Investors, Principal International; U.S. Insurance Solutions, and Corporate.

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Institutional Ownership by Quarter for Principal Financial Group (NYSE:PFG)

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