2 weeks Ago By Defense World Staff
DoubleLine ETF Adviser LP trimmed its holdings in Principal Financial Group, Inc. ( NYSE:PFG – Free Report ) by 3.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).
The firm owned 3,966 shares of the company’s stock after selling 132 shares during the quarter. DoubleLine ETF Adviser LP’s holdings in Principal Financial Group were worth $311,000 at the end of the most recent quarter. Several other institutional investors and hedge funds have also recently bought and sold shares of PFG.
Pinebridge Investments L.P. increased its stake in Principal Financial Group by 2,594.
0% in the fourth quarter. Pinebridge Investments L.P.
now owns 575,986 shares of the company’s stock valued at $45,313,000 after purchasing an additional 554,606 shares during the period. Acadian Asset Management LLC increased its position in Principal Financial Group by 403.6% in the 2nd quarter.
Acadian Asset Management LLC now owns 354,447 shares of the company’s stock valued at $27,800,000 after acquiring an additional 284,067 shares during the period. Massachusetts Financial Services Co. MA purchased a new stake in Principal Financial Group during the 2nd quarter valued at approximately $19,698,000.
AMF Tjanstepension AB raised its stake in Principal Financial Group by 282.0% during the 1st quarter. AMF Tjanstepension AB now owns 308,308 shares of the company’s stock valued at $26,633,000 after acquiring an additional 227,608 shares during the last quarter.
Finally, BNP Paribas Financial Markets lifted its position in Principal Financial Group by 165.2% during the 1st quarter. BNP Paribas Financial Markets now owns 337,877 shares of the company’s stock worth $29,162,000 after acquiring an additional 210,476 shares during the period.
Hedge funds and other institutional investors own 75.08% of the company’s stock. Wall Street Analyst Weigh In A number of research analysts have recently issued reports on the company.
Keefe, Bruyette & Woods dropped their target price on Principal Financial Group from $88.00 to $86.00 and set a “market perform” rating on the stock in a report on Tuesday, July 30th.
Citigroup boosted their price objective on shares of Principal Financial Group from $68.00 to $70.00 and gave the company a “sell” rating in a research note on Tuesday, July 23rd.
Raymond James upgraded shares of Principal Financial Group from a “market perform” rating to a “strong-buy” rating and set a $99.00 target price for the company in a research note on Tuesday, July 9th. JPMorgan Chase & Co.
raised shares of Principal Financial Group from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $88.00 to $96.00 in a report on Tuesday, July 2nd.
Finally, Morgan Stanley cut their price target on shares of Principal Financial Group from $85.00 to $83.00 and set an “equal weight” rating for the company in a report on Monday, August 19th.
Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $85.50.
Principal Financial Group Trading Up 1.3 % Shares of Principal Financial Group stock opened at $85.99 on Friday.
The company has a 50-day moving average of $80.15 and a two-hundred day moving average of $81.10.
The stock has a market cap of $19.91 billion, a PE ratio of 16.41, a price-to-earnings-growth ratio of 0.
90 and a beta of 1.19. The company has a current ratio of 0.
29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.36.
Principal Financial Group, Inc. has a 12-month low of $66.21 and a 12-month high of $88.
26. Principal Financial Group ( NYSE:PFG – Get Free Report ) last issued its quarterly earnings data on Thursday, July 25th. The company reported $1.
63 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.87 by ($0.24).
The firm had revenue of $4.31 billion for the quarter, compared to analyst estimates of $3.78 billion.
Principal Financial Group had a return on equity of 14.92% and a net margin of 8.05%.
During the same period in the prior year, the firm posted $1.53 earnings per share. On average, research analysts anticipate that Principal Financial Group, Inc.
will post 7.31 EPS for the current fiscal year. Principal Financial Group Increases Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th.
Investors of record on Thursday, September 5th will be paid a $0.72 dividend. This represents a $2.
88 dividend on an annualized basis and a yield of 3.35%. This is a boost from Principal Financial Group’s previous quarterly dividend of $0.
71. The ex-dividend date of this dividend is Thursday, September 5th. Principal Financial Group’s dividend payout ratio is presently 54.
96%. About Principal Financial Group ( 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. Featured Stories Five stocks we like better than Principal Financial Group What Does Downgrade Mean in Investing? Rocket Lab Stock Soars: Should Investors Chase the Rally? What is a support level? KB Home Slips After Earnings: What’s Next for Homebuilders? Consumer Discretionary Stocks Explained Micron Stock Soars as AI Demand Fuels Big Q4 Earnings Beat 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.
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