19 hours Ago By Defense World Staff
Empowered Funds LLC decreased its stake in Principal Financial Group, Inc. ( NYSE:PFG – Free Report ) by 74.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission.
The institutional investor owned 4,181 shares of the company’s stock after selling 12,147 shares during the period. Empowered Funds LLC’s holdings in Principal Financial Group were worth $324,000 at the end of the most recent reporting period. A number of other hedge funds have also recently modified their holdings of the stock.
AMF Tjanstepension AB grew its holdings in shares of Principal Financial Group by 28.7% during the third quarter. AMF Tjanstepension AB now owns 290,723 shares of the company’s stock worth $24,997,000 after purchasing an additional 64,915 shares during the last quarter.
Blue Trust Inc. raised its stake in shares of Principal Financial Group by 76.8% during the third quarter.
Blue Trust Inc. now owns 2,748 shares of the company’s stock worth $216,000 after purchasing an additional 1,194 shares during the last quarter. Raymond James & Associates boosted its holdings in shares of Principal Financial Group by 36.
3% in the third quarter. Raymond James & Associates now owns 116,364 shares of the company’s stock valued at $9,996,000 after acquiring an additional 30,973 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Principal Financial Group by 6,593.
7% in the 3rd quarter. International Assets Investment Management LLC now owns 132,200 shares of the company’s stock valued at $11,356,000 after buying an additional 130,225 shares during the period. Finally, Impact Partnership Wealth LLC grew its stake in shares of Principal Financial Group by 25.
7% during the 3rd quarter. Impact Partnership Wealth LLC now owns 7,720 shares of the company’s stock worth $663,000 after purchasing an additional 1,576 shares during the period. 75.
08% of the stock is owned by hedge funds and other institutional investors. Wall Street Analysts Forecast Growth PFG has been the subject of several research reports. Royal Bank of Canada restated a “sector perform” rating and set a $91.
00 price objective on shares of Principal Financial Group in a research report on Thursday, January 16th. Morgan Stanley reaffirmed an “underweight” rating and issued a $80.00 target price (down from $86.
00) on shares of Principal Financial Group in a research report on Thursday, December 5th. JPMorgan Chase & Co. raised shares of Principal Financial Group from a “neutral” rating to an “overweight” rating and cut their target price for the company from $95.
00 to $92.00 in a research note on Tuesday, January 7th. Keefe, Bruyette & Woods increased their price objective on shares of Principal Financial Group from $90.
00 to $92.00 and gave the company a “market perform” rating in a research report on Wednesday, February 12th. Finally, BMO Capital Markets began coverage on Principal Financial Group in a report on Thursday, January 23rd.
They issued a “market perform” rating and a $93.00 price target for the company. Four research analysts have rated the stock with a sell rating, six have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock.
Based on data from MarketBeat, Principal Financial Group presently has a consensus rating of “Hold” and a consensus target price of $85.92. Principal Financial Group Trading Up 0.
4 % Principal Financial Group stock opened at $86.56 on Friday. The firm has a 50-day moving average price of $80.
58 and a two-hundred day moving average price of $82.34. The firm has a market capitalization of $19.
80 billion, a price-to-earnings ratio of 12.96, a PEG ratio of 0.76 and a beta of 1.
22. The company has a quick ratio of 0.30, a current ratio of 0.
26 and a debt-to-equity ratio of 0.36. Principal Financial Group, Inc.
has a 52-week low of $72.21 and a 52-week high of $91.97.
Principal Financial Group Increases Dividend The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Wednesday, March 12th will be paid a $0.75 dividend.
This is a boost from Principal Financial Group’s previous quarterly dividend of $0.73. The ex-dividend date is Wednesday, March 12th.
This represents a $3.00 annualized dividend and a dividend yield of 3.47%.
Principal Financial Group’s dividend payout ratio is presently 44.91%. Principal Financial Group Company Profile ( Free Report ) 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 Asset Management, and Benefits and Protection segments. The Retirement and Income Solutions segment provides retirement, and related financial products and services. Read More Five stocks we like better than Principal Financial Group The How And Why of Investing in Oil Stocks Ray Dalio’s Bridgewater Loaded Up on These Stocks in Q4 2024 Want to Profit on the Downtrend? Downtrends, Explained.
Walmart Faces Tariff Headwinds, Consumer Trends Remain Positive What is a Secondary Public Offering? What Investors Need to Know Tesla: 2 Reasons to Buy, 1 Reason to Run Want to see what other hedge funds are holding PFG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Principal Financial Group, Inc. ( NYSE:PFG – Free Report ).
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