Montag A & Associates Inc. reduced its position in shares of Principal Financial Group Inc (NYSE:PFG) by 2.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 33,990 shares of the financial services provider’s stock after selling 955 shares during the period. Montag A & Associates Inc.’s holdings in Principal Financial Group were worth $2,187,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AQR Capital Management LLC increased its holdings in Principal Financial Group by 171.8% during the first quarter. AQR Capital Management LLC now owns 60,472 shares of the financial services provider’s stock worth $3,816,000 after buying an additional 38,222 shares during the last quarter. Mn Services Vermogensbeheer B.V. increased its holdings in Principal Financial Group by 508.4% during the second quarter. Mn Services Vermogensbeheer B.V. now owns 46,676 shares of the financial services provider’s stock worth $2,991,000 after buying an additional 39,004 shares during the last quarter. LS Investment Advisors LLC increased its holdings in Principal Financial Group by 3.0% during the second quarter. LS Investment Advisors LLC now owns 13,092 shares of the financial services provider’s stock worth $839,000 after buying an additional 383 shares during the last quarter. Louisiana State Employees Retirement System increased its holdings in Principal Financial Group by 1.2% during the second quarter. Louisiana State Employees Retirement System now owns 16,600 shares of the financial services provider’s stock worth $1,064,000 after buying an additional 200 shares during the last quarter. Finally, Aperio Group LLC increased its holdings in Principal Financial Group by 7.6% during the second quarter. Aperio Group LLC now owns 196,045 shares of the financial services provider’s stock worth $12,561,000 after buying an additional 13,902 shares during the last quarter. 68.01% of the stock is currently owned by institutional investors.

Principal Financial Group Inc (NYSE PFG) traded down $0.03 on Tuesday, hitting $68.03. 1,484,300 shares of the stock traded hands, compared to its average volume of 1,111,277. The stock has a market capitalization of $19,652.64, a P/E ratio of 13.27, a price-to-earnings-growth ratio of 1.30 and a beta of 1.71. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.10 and a quick ratio of 0.10. Principal Financial Group Inc has a 52-week low of $56.12 and a 52-week high of $69.95.

Principal Financial Group (NYSE:PFG) last posted its earnings results on Thursday, October 26th. The financial services provider reported $1.28 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.02). The business had revenue of $3.95 billion during the quarter, compared to analysts’ expectations of $3.12 billion. Principal Financial Group had a return on equity of 13.55% and a net margin of 12.35%. During the same quarter in the previous year, the business earned $1.15 EPS. research analysts expect that Principal Financial Group Inc will post 5.22 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Monday, December 4th will be paid a $0.49 dividend. This is an increase from Principal Financial Group’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Friday, December 1st. This represents a $1.96 annualized dividend and a dividend yield of 2.88%. Principal Financial Group’s dividend payout ratio (DPR) is presently 30.82%.

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PFG has been the subject of a number of research analyst reports. Barclays PLC raised their price objective on shares of Principal Financial Group from $61.00 to $63.00 and gave the stock an “equal weight” rating in a report on Friday, August 11th. Morgan Stanley raised their price objective on shares of Principal Financial Group from $67.00 to $72.00 and gave the stock an “equal weight” rating in a report on Thursday, October 5th. Keefe, Bruyette & Woods restated a “hold” rating and set a $68.00 price objective on shares of Principal Financial Group in a report on Thursday, August 3rd. Wells Fargo & Company set a $76.00 price objective on shares of Principal Financial Group and gave the stock a “buy” rating in a report on Wednesday, October 18th. Finally, Zacks Investment Research upgraded shares of Principal Financial Group from a “sell” rating to a “hold” rating and set a $73.00 price objective for the company in a report on Monday, October 2nd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. Principal Financial Group has a consensus rating of “Hold” and an average target price of $67.40.

In related news, insider James P. Mccaughan sold 6,193 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $62.33, for a total transaction of $386,009.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Daniel Joseph Houston sold 38,097 shares of the business’s stock in a transaction that occurred on Wednesday, October 18th. The shares were sold at an average price of $68.00, for a total transaction of $2,590,596.00. The disclosure for this sale can be found here. Insiders sold 143,537 shares of company stock valued at $9,313,955 in the last quarter. Corporate insiders own 1.50% of the company’s stock.

Principal Financial Group Company Profile

Principal Financial Group, Inc is an investment management company. The Company offers a range of financial products and services, including retirement, asset management and insurance. Its segments include Retirement and Income Solutions; Principal Global Investors, Principal International; U.S. Insurance Solutions, and Corporate.

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

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