4,638 Shares in Principal Financial Group, Inc. (NASDAQ:PFG) Bought by 180 Wealth Advisors LLC

180 Wealth Advisors LLC acquired a new position in Principal Financial Group, Inc. (NASDAQ:PFGGet Rating) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,638 shares of the company’s stock, valued at approximately $314,000.

Other large investors have also recently bought and sold shares of the company. Daiwa Securities Group Inc. boosted its holdings in Principal Financial Group by 6.5% in the first quarter. Daiwa Securities Group Inc. now owns 16,495 shares of the company’s stock worth $1,211,000 after purchasing an additional 1,012 shares in the last quarter. Riverview Trust Co bought a new stake in Principal Financial Group in the first quarter worth $29,000. Cetera Advisor Networks LLC boosted its holdings in Principal Financial Group by 28.4% in the first quarter. Cetera Advisor Networks LLC now owns 12,872 shares of the company’s stock worth $945,000 after purchasing an additional 2,844 shares in the last quarter. MCF Advisors LLC bought a new stake in Principal Financial Group in the first quarter worth $32,000. Finally, City State Bank acquired a new position in Principal Financial Group during the 4th quarter worth $639,000. 75.12% of the stock is currently owned by institutional investors.

Principal Financial Group Stock Down 0.6 %

Shares of PFG opened at $77.01 on Monday. The company has a 50-day simple moving average of $73.54 and a 200-day simple moving average of $69.33. The firm has a market capitalization of $19.19 billion, a P/E ratio of 4.68, a P/E/G ratio of 2.02 and a beta of 1.30. 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 results on Monday, August 8th. The company reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $3.14 billion during the quarter, compared to analyst estimates of $3.24 billion. On average, equities research analysts expect that Principal Financial Group, Inc. will post 6.43 earnings per share for the current year.

Principal Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 8th will be given a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 3.32%. The ex-dividend date of this dividend is Wednesday, September 7th. Principal Financial Group’s dividend payout ratio (DPR) is presently 15.56%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on PFG shares. Citigroup started coverage on shares of Principal Financial Group in a research report on Monday, May 23rd. They set a “sell” rating and a $63.00 target price for the company. Barclays boosted their target price on shares of Principal Financial Group to $81.00 in a research report on Monday, August 15th. Morgan Stanley boosted their target price on shares of Principal Financial Group from $68.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 17th. Credit Suisse Group lowered shares of Principal Financial Group from an “outperform” rating to a “neutral” rating and boosted their target price for the stock from $82.00 to $86.00 in a research report on Thursday, August 18th. Finally, Jefferies Financial Group boosted their target price on shares of Principal Financial Group from $56.00 to $60.00 and gave the stock an “underperform” rating in a research report on Thursday, September 8th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $71.82.

Insider Buying and Selling

In related news, EVP Wee Yee Cheong sold 2,447 shares of the stock in a transaction dated Tuesday, September 13th. The shares were sold at an average price of $78.45, for a total value of $191,967.15. Following the completion of the transaction, the executive vice president now owns 34,700 shares of the company’s stock, valued at $2,722,215. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Principal Financial Group news, EVP Wee Yee Cheong sold 2,447 shares of the company’s stock in a transaction dated Tuesday, September 13th. The shares were sold at an average price of $78.45, for a total transaction of $191,967.15. Following the sale, the executive vice president now directly owns 34,700 shares of the company’s stock, valued at $2,722,215. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Sandra L. Helton sold 15,000 shares of the company’s stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $72.90, for a total transaction of $1,093,500.00. Following the sale, the director now directly owns 32,278 shares in the company, valued at $2,353,066.20. The disclosure for this sale can be found here. Insiders sold 45,422 shares of company stock valued at $3,462,066 over the last quarter. Corporate insiders own 1.17% of the company’s stock.

Principal Financial Group Company 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.

See Also

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

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