Crossmark Global Holdings Inc. cut its stake in shares of Principal Financial Group Inc (NYSE:PFG) by 1.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 202,110 shares of the financial services provider’s stock after selling 2,481 shares during the period. Crossmark Global Holdings Inc.’s holdings in Principal Financial Group were worth $11,549,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in Principal Financial Group by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 30,454,224 shares of the financial services provider’s stock worth $1,763,908,000 after buying an additional 305,393 shares in the last quarter. Invesco Ltd. lifted its holdings in Principal Financial Group by 25.5% in the 2nd quarter. Invesco Ltd. now owns 3,938,036 shares of the financial services provider’s stock worth $228,092,000 after buying an additional 800,950 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Principal Financial Group by 3.6% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,036,598 shares of the financial services provider’s stock worth $117,960,000 after buying an additional 70,015 shares in the last quarter. First Trust Advisors LP lifted its holdings in Principal Financial Group by 87.1% in the 1st quarter. First Trust Advisors LP now owns 1,688,807 shares of the financial services provider’s stock worth $84,761,000 after buying an additional 785,974 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its holdings in Principal Financial Group by 19,214.5% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,342,167 shares of the financial services provider’s stock worth $77,739,000 after buying an additional 1,335,218 shares in the last quarter. Institutional investors and hedge funds own 68.64% of the company’s stock.

A number of equities analysts have commented on PFG shares. Zacks Investment Research upgraded shares of Principal Financial Group from a “hold” rating to a “buy” rating and set a $62.00 price objective on the stock in a report on Tuesday, July 2nd. Morgan Stanley cut their price objective on shares of Principal Financial Group from $59.00 to $57.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 20th. Finally, Barclays set a $66.00 price objective on shares of Principal Financial Group and gave the stock a “buy” rating in a report on Monday, August 12th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $57.29.

Shares of Principal Financial Group stock traded up $0.91 during trading on Wednesday, reaching $53.28. The company had a trading volume of 118,622 shares, compared to its average volume of 1,414,237. The firm’s fifty day moving average is $55.00 and its 200-day moving average is $55.38. Principal Financial Group Inc has a fifty-two week low of $40.42 and a fifty-two week high of $60.81.

Principal Financial Group (NYSE:PFG) last issued its earnings results on Thursday, July 25th. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.40 by $0.12. The company had revenue of $3.98 billion during the quarter, compared to analyst estimates of $3.82 billion. During the same quarter last year, the company posted $1.35 EPS.

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Thursday, September 5th were paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date was Wednesday, September 4th. This is a positive change from Principal Financial Group’s previous quarterly dividend of $0.54.

In other news, insider Luis E. Valdes sold 11,829 shares of the company’s stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $59.54, for a total value of $704,298.66. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Julia M. Lawler sold 1,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $52.95, for a total transaction of $52,950.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,829 shares of company stock worth $872,799. Company insiders own 1.50% of the company’s stock.

Principal Financial Group Company Profile

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 (NYSE:PFG)

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