Principal Financial Group, Inc. $PFG Shares Sold by Foster & Motley Inc.

Foster & Motley Inc. trimmed its position in shares of Principal Financial Group, Inc. (NASDAQ:PFG) by 14.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,980 shares of the company’s stock after selling 5,943 shares during the quarter. Foster & Motley Inc.’s holdings in Principal Financial Group were worth $3,086,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Capital A Wealth Management LLC grew its position in Principal Financial Group by 5,533.3% during the second quarter. Capital A Wealth Management LLC now owns 338 shares of the company’s stock valued at $27,000 after buying an additional 332 shares during the period. FWL Investment Management LLC acquired a new position in shares of Principal Financial Group in the third quarter worth about $32,000. Rialto Wealth Management LLC boosted its stake in shares of Principal Financial Group by 3,754.5% during the 4th quarter. Rialto Wealth Management LLC now owns 424 shares of the company’s stock worth $37,000 after acquiring an additional 413 shares in the last quarter. True Wealth Design LLC boosted its stake in shares of Principal Financial Group by 87.9% during the 4th quarter. True Wealth Design LLC now owns 511 shares of the company’s stock worth $45,000 after acquiring an additional 239 shares in the last quarter. Finally, Financial Consulate Inc. acquired a new stake in shares of Principal Financial Group during the 3rd quarter valued at about $46,000. 75.08% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Principal Financial Group news, CEO Deanna D. Strable-Soethout sold 9,300 shares of the firm’s stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $95.12, for a total value of $884,616.00. Following the transaction, the chief executive officer owned 144,168 shares in the company, valued at approximately $13,713,260.16. This trade represents a 6.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last three months, insiders sold 24,965 shares of company stock valued at $2,352,460. 1.08% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

PFG has been the subject of several recent analyst reports. UBS Group lifted their price target on Principal Financial Group from $88.00 to $92.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $103.00 price objective on shares of Principal Financial Group in a report on Monday, January 5th. Piper Sandler boosted their price objective on Principal Financial Group from $94.00 to $100.00 and gave the company an “overweight” rating in a research report on Tuesday, December 23rd. Barclays reaffirmed an “underweight” rating and set a $85.00 target price on shares of Principal Financial Group in a research note on Thursday, January 8th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $92.00 target price on shares of Principal Financial Group in a research report on Thursday, March 26th. Two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Principal Financial Group has a consensus rating of “Hold” and an average target price of $94.22.

Principal Financial Group Trading Up 2.1%

Shares of Principal Financial Group stock opened at $90.11 on Wednesday. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.33. Principal Financial Group, Inc. has a twelve month low of $68.39 and a twelve month high of $97.88. The firm has a market capitalization of $19.54 billion, a PE ratio of 17.10, a P/E/G ratio of 0.82 and a beta of 0.87. The firm’s 50-day moving average price is $91.67 and its 200 day moving average price is $87.34.

Principal Financial Group (NASDAQ:PFG) last posted its quarterly earnings data on Wednesday, February 18th. The company reported $2.20 EPS for the quarter. Principal Financial Group had a return on equity of 16.09% and a net margin of 7.58%.The company had revenue of $4.58 billion during the quarter.

Principal Financial Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Wednesday, March 11th were given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Wednesday, March 11th. Principal Financial Group’s payout ratio is presently 60.72%.

Principal Financial Group Profile

Principal Financial Group (NASDAQ: PFG) is a global financial services company headquartered in Des Moines, Iowa, that provides a range of retirement, investment and insurance solutions to individuals, employers and institutional clients. The firm’s business is organized around retirement services, asset management, and insurance products designed to help clients plan, invest for, and protect income over the long term.

Principal’s product and service offerings include retirement plan recordkeeping and administration for employer-sponsored plans, individual and group retirement annuities, life and disability insurance, employee benefits solutions, and wealth management services.