Principal Financial Group Inc (PFG) Position Lifted by Archford Capital Strategies LLC

Archford Capital Strategies LLC increased its holdings in shares of Principal Financial Group Inc (NYSE:PFG) by 7.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,084 shares of the financial services provider’s stock after acquiring an additional 1,245 shares during the quarter. Archford Capital Strategies LLC’s holdings in Principal Financial Group were worth $1,228,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. BerganKDV Wealth Management LLC acquired a new position in shares of Principal Financial Group during the 3rd quarter worth approximately $384,000. State of Tennessee Treasury Department increased its holdings in shares of Principal Financial Group by 25.7% during the 2nd quarter. State of Tennessee Treasury Department now owns 129,360 shares of the financial services provider’s stock worth $8,288,000 after acquiring an additional 26,432 shares during the last quarter. Swiss National Bank increased its holdings in shares of Principal Financial Group by 3.0% during the 2nd quarter. Swiss National Bank now owns 1,050,263 shares of the financial services provider’s stock worth $67,290,000 after acquiring an additional 30,900 shares during the last quarter. OMERS ADMINISTRATION Corp acquired a new position in shares of Principal Financial Group during the 2nd quarter worth approximately $2,210,000. Finally, Chicago Equity Partners LLC acquired a new position in shares of Principal Financial Group during the 2nd quarter worth approximately $2,880,000. 68.76% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms recently weighed in on PFG. Keefe, Bruyette & Woods reissued a “hold” rating and set a $73.00 target price on shares of Principal Financial Group in a report on Monday. Wells Fargo & Company set a $79.00 price objective on Principal Financial Group and gave the company a “buy” rating in a report on Thursday, December 7th. Goldman Sachs Group began coverage on Principal Financial Group in a report on Wednesday, October 18th. They issued a “neutral” rating and a $70.00 price objective on the stock. Zacks Investment Research lowered Principal Financial Group from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. Finally, Morgan Stanley upped their price objective on Principal Financial Group from $67.00 to $72.00 and gave the company an “equal weight” rating in a report on Thursday, October 5th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. Principal Financial Group has a consensus rating of “Hold” and a consensus target price of $68.20.

In other news, Chairman Daniel Joseph Houston sold 38,097 shares of the stock in a transaction on Wednesday, October 18th. The stock was sold at an average price of $68.00, for a total transaction of $2,590,596.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Karen E. Shaff sold 50,561 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $69.51, for a total value of $3,514,495.11. The disclosure for this sale can be found here. Over the last three months, insiders have sold 191,413 shares of company stock worth $13,244,925. 1.50% of the stock is currently owned by insiders.

Shares of Principal Financial Group Inc (NYSE PFG) traded down $0.53 during midday trading on Thursday, reaching $70.25. The company’s stock had a trading volume of 1,024,600 shares, compared to its average volume of 1,110,119. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.26. Principal Financial Group Inc has a 52-week low of $56.12 and a 52-week high of $72.23. The firm has a market cap of $20,438.06, a price-to-earnings ratio of 13.80, a price-to-earnings-growth ratio of 1.36 and a beta of 1.71.

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

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Monday, December 4th will be issued a dividend of $0.49 per share. This is a positive change from Principal Financial Group’s previous quarterly dividend of $0.47. This represents a $1.96 annualized dividend and a dividend yield of 2.79%. The ex-dividend date of this dividend is Friday, December 1st. Principal Financial Group’s dividend payout ratio is 32.13%.

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Principal Financial Group Company Profile

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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