Krueger & Catalano Capital Partners LLC Reduces Stake in Principal Financial Group Inc (PFG)

Krueger & Catalano Capital Partners LLC lessened its holdings in shares of Principal Financial Group Inc (NYSE:PFG) by 37.1% during the first quarter, HoldingsChannel reports. The institutional investor owned 4,579 shares of the financial services provider’s stock after selling 2,705 shares during the period. Krueger & Catalano Capital Partners LLC’s holdings in Principal Financial Group were worth $230,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in PFG. NuWave Investment Management LLC boosted its holdings in shares of Principal Financial Group by 464.4% during the 1st quarter. NuWave Investment Management LLC now owns 570 shares of the financial services provider’s stock valued at $28,000 after buying an additional 469 shares in the last quarter. Transamerica Financial Advisors Inc. boosted its holdings in shares of Principal Financial Group by 644.9% during the 4th quarter. Transamerica Financial Advisors Inc. now owns 797 shares of the financial services provider’s stock valued at $36,000 after buying an additional 690 shares in the last quarter. Bremer Trust National Association bought a new stake in shares of Principal Financial Group during the 4th quarter valued at $41,000. Lindbrook Capital LLC bought a new stake in shares of Principal Financial Group during the 4th quarter valued at $42,000. Finally, Pinnacle Bank bought a new stake in shares of Principal Financial Group during the 4th quarter valued at $42,000. Hedge funds and other institutional investors own 68.64% of the company’s stock.

Shares of Principal Financial Group stock opened at $57.38 on Friday. Principal Financial Group Inc has a 1 year low of $40.42 and a 1 year high of $61.45.

Principal Financial Group (NYSE:PFG) last announced its quarterly earnings results on Thursday, April 25th. The financial services provider reported $1.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.32 by $0.11. The firm had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.66 billion. During the same quarter in the previous year, the firm earned $1.40 EPS.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 3rd will be paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 3.76%.

PFG has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Principal Financial Group from a “sell” rating to a “hold” rating and set a $59.00 price target on the stock in a research note on Wednesday, April 3rd. UBS Group upped their price target on shares of Principal Financial Group from $45.00 to $48.00 and gave the stock a “sell” rating in a research note on Tuesday, April 9th. TheStreet upgraded shares of Principal Financial Group from a “c+” rating to a “b-” rating in a research note on Monday, January 28th. Finally, Goldman Sachs Group cut shares of Principal Financial Group from a “buy” rating to a “neutral” rating and set a $50.00 price target on the stock. in a research note on Tuesday, January 8th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. Principal Financial Group currently has an average rating of “Hold” and an average target price of $57.56.

In other Principal Financial Group news, EVP Julia M. Lawler sold 1,000 shares of the company’s stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $50.17, for a total transaction of $50,170.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last quarter, insiders sold 3,000 shares of company stock worth $153,290. 1.50% of the stock is currently owned by company insiders.

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About Principal Financial Group

Principal Financial Group, Inc provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide. The company operates through Retirement and Income Solutions, Principal Global Investors, Principal International, and U.S. Insurance Solutions segments.

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

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