Principal Financial Group, Inc. (NASDAQ:PFG) Stake Raised by Siemens Fonds Invest GmbH

Siemens Fonds Invest GmbH lifted its stake in Principal Financial Group, Inc. (NASDAQ:PFGGet Rating) by 2.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 32,589 shares of the company’s stock after purchasing an additional 779 shares during the quarter. Siemens Fonds Invest GmbH’s holdings in Principal Financial Group were worth $2,392,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Principal Financial Group by 0.5% in the first quarter. Vanguard Group Inc. now owns 29,028,108 shares of the company’s stock valued at $2,130,953,000 after purchasing an additional 150,598 shares during the last quarter. BlackRock Inc. increased its position in Principal Financial Group by 3.4% in the 1st quarter. BlackRock Inc. now owns 23,253,147 shares of the company’s stock valued at $1,707,017,000 after acquiring an additional 756,508 shares in the last quarter. State Street Corp raised its position in Principal Financial Group by 1.3% in the 4th quarter. State Street Corp now owns 13,491,017 shares of the company’s stock worth $975,805,000 after purchasing an additional 174,433 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Principal Financial Group by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 4,992,520 shares of the company’s stock worth $360,225,000 after acquiring an additional 57,389 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Principal Financial Group by 1.1% in the 1st quarter. Northern Trust Corp now owns 4,113,693 shares of the company’s stock valued at $301,986,000 after purchasing an additional 43,319 shares during the last quarter. 75.12% of the stock is currently owned by institutional investors and hedge funds.

Principal Financial Group Stock Up 1.9 %

Shares of Principal Financial Group stock opened at $78.29 on Friday. The firm has a market cap of $19.51 billion, a PE ratio of 4.76, a P/E/G ratio of 2.05 and a beta of 1.30. The business’s 50 day simple moving average is $72.21 and its 200 day simple moving average is $69.05. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.39 and a current ratio of 0.39. Principal Financial Group, Inc. has a 52-week low of $60.97 and a 52-week high of $80.36.

Principal Financial Group (NASDAQ:PFGGet Rating) last posted its quarterly earnings data on Monday, August 8th. The company reported $1.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.26. Principal Financial Group had a net margin of 24.69% and a return on equity of 13.09%. The company had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.24 billion. On average, analysts predict that Principal Financial Group, Inc. will post 6.3 earnings per share for the current fiscal year.

Principal Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 8th will be paid a dividend of $0.64 per share. The ex-dividend date is Wednesday, September 7th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 3.27%. Principal Financial Group’s dividend payout ratio is 15.56%.

Insider Buying and Selling at Principal Financial Group

In other Principal Financial Group news, EVP Roberto Walker sold 9,000 shares of the company’s stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $76.95, for a total value of $692,550.00. Following the sale, the executive vice president now owns 34,008 shares in the company, valued at $2,616,915.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, EVP Roberto Walker sold 9,000 shares of the company’s stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $76.95, for a total value of $692,550.00. Following the transaction, the executive vice president now directly owns 34,008 shares in the company, valued at $2,616,915.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Sandra L. Helton sold 15,000 shares of Principal Financial Group stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $72.90, for a total value of $1,093,500.00. Following the completion of the transaction, the director now directly owns 32,278 shares of the company’s stock, valued at $2,353,066.20. The disclosure for this sale can be found here. Insiders sold a total of 42,975 shares of company stock worth $3,270,099 over the last ninety days. 1.17% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

PFG has been the subject of a number of recent research reports. Jefferies Financial Group boosted their price target on shares of Principal Financial Group from $56.00 to $60.00 and gave the stock an “underperform” rating in a research note on Thursday. Credit Suisse Group cut shares of Principal Financial Group from an “outperform” rating to a “neutral” rating and upped their target price for the company from $82.00 to $86.00 in a research report on Thursday, August 18th. JPMorgan Chase & Co. reduced their price target on Principal Financial Group from $72.00 to $69.00 in a research report on Monday, July 11th. Royal Bank of Canada lowered their price target on Principal Financial Group from $79.00 to $70.00 in a research note on Monday, July 11th. Finally, Piper Sandler reduced their target price on Principal Financial Group from $74.00 to $72.00 and set a “neutral” rating on the stock in a report on Friday, July 8th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $71.82.

Principal Financial Group Profile

(Get Rating)

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 (NASDAQ:PFG)

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