19 hours Ago By ABMN Staff
Empowered Funds LLC lessened its stake in shares of Principal Financial Group, Inc. ( NYSE:PFG – Free Report ) by 74.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission.
The firm 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. Several other hedge funds have also made changes to their positions in the company.
Peterson Financial Group Inc. acquired a new stake in shares of Principal Financial Group during the 3rd quarter valued at $33,000. Truvestments Capital LLC bought a new position in Principal Financial Group during the third quarter worth $43,000.
Sugarloaf Wealth Management LLC lifted its stake in shares of Principal Financial Group by 53.6% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 559 shares of the company’s stock valued at $43,000 after buying an additional 195 shares during the period.
Prospera Private Wealth LLC bought a new stake in shares of Principal Financial Group during the third quarter valued at approximately $45,000. Finally, Golden State Wealth Management LLC acquired a new position in shares of Principal Financial Group in the 4th quarter valued at $46,000. Hedge funds and other institutional investors own 75.
08% of the company’s stock. Principal Financial Group Price Performance NYSE:PFG opened at $86.56 on Friday.
The company has a quick ratio of 0.30, a current ratio of 0.26 and a debt-to-equity ratio of 0.
36. The stock’s 50 day moving average price is $80.58 and its two-hundred day moving average price is $82.
34. Principal Financial Group, Inc. has a 12-month low of $72.
21 and a 12-month high of $91.97. The firm has a market capitalization of $19.
80 billion, a price-to-earnings ratio of 12.96, a P/E/G ratio of 0.76 and a beta of 1.
22. Principal Financial Group Increases Dividend Wall Street Analysts Forecast Growth A number of brokerages have weighed in on PFG. Barclays upped their price target on Principal Financial Group from $77.
00 to $80.00 and gave the company an “underweight” rating in a research report on Friday, February 7th. Wells Fargo & Company raised their target price on shares of Principal Financial Group from $69.
00 to $74.00 and gave the company an “underweight” rating in a research note on Wednesday. Piper Sandler upped their price target on Principal Financial Group from $90.
00 to $93.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $91.
00 price target on shares of Principal Financial Group in a research report on Thursday, January 16th. Finally, JPMorgan Chase & Co. upgraded Principal Financial Group from a “neutral” rating to an “overweight” rating and cut their price target for the company from $95.
00 to $92.00 in a report on Tuesday, January 7th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock.
According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $85.92.
Read Our Latest Report on Principal Financial Group 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.
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