Kestra Advisory Services LLC Acquires 5,841 Shares of Principal Financial Group, Inc. (NASDAQ:PFG)

Kestra Advisory Services LLC increased its holdings in Principal Financial Group, Inc. (NASDAQ:PFGGet Rating) by 23.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,246 shares of the company’s stock after acquiring an additional 5,841 shares during the quarter. Kestra Advisory Services LLC’s holdings in Principal Financial Group were worth $2,182,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of PFG. Asset Dedication LLC grew its position in Principal Financial Group by 5,666.7% during the 3rd quarter. Asset Dedication LLC now owns 346 shares of the company’s stock valued at $25,000 after purchasing an additional 340 shares during the last quarter. Clear Street Markets LLC grew its holdings in shares of Principal Financial Group by 397.0% during the second quarter. Clear Street Markets LLC now owns 492 shares of the company’s stock valued at $33,000 after buying an additional 393 shares during the last quarter. Truvestments Capital LLC bought a new stake in shares of Principal Financial Group during the second quarter valued at approximately $33,000. CX Institutional purchased a new position in Principal Financial Group in the 2nd quarter worth approximately $41,000. Finally, LS Investment Advisors LLC bought a new position in Principal Financial Group in the 2nd quarter valued at approximately $42,000. 74.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on PFG. Piper Sandler boosted their price target on Principal Financial Group to $90.00 in a research note on Tuesday, November 1st. JPMorgan Chase & Co. boosted their price objective on shares of Principal Financial Group from $72.00 to $78.00 and gave the company an “underweight” rating in a report on Friday, January 6th. Keefe, Bruyette & Woods downgraded shares of Principal Financial Group from a “market perform” rating to an “underperform” rating and lifted their target price for the stock from $75.00 to $77.00 in a research report on Monday, October 31st. StockNews.com assumed coverage on Principal Financial Group in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, Royal Bank of Canada upped their price objective on Principal Financial Group from $75.00 to $88.00 in a research report on Monday, October 31st. Eight investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. According to data from MarketBeat.com, Principal Financial Group has a consensus rating of “Reduce” and an average target price of $78.18.

Principal Financial Group Price Performance

Shares of Principal Financial Group stock opened at $87.96 on Friday. The firm has a market cap of $21.52 billion, a PE ratio of 4.26, a PEG ratio of 2.32 and a beta of 1.27. The stock has a 50 day moving average of $88.31 and a 200 day moving average of $81.89. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.42. Principal Financial Group, Inc. has a 12 month low of $61.05 and a 12 month high of $96.17.

Principal Financial Group (NASDAQ:PFGGet Rating) last posted its earnings results on Thursday, October 27th. The company reported $1.69 EPS for the quarter, beating analysts’ consensus estimates of $1.45 by $0.24. Principal Financial Group had a return on equity of 14.61% and a net margin of 28.67%. The firm had revenue of $3.44 billion during the quarter, compared to the consensus estimate of $3.05 billion. On average, research analysts expect that Principal Financial Group, Inc. will post 6.48 EPS for the current fiscal year.

Principal Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 19th. Stockholders of record on Thursday, December 1st were given a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a dividend yield of 2.91%. The ex-dividend date was Wednesday, November 30th. Principal Financial Group’s dividend payout ratio is 12.41%.

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.

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

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