Whipplewood Advisors LLC Increases Stock Position in Principal Financial Group, Inc. $PFG

Whipplewood Advisors LLC increased its holdings in Principal Financial Group, Inc. (NYSE:PFG) by 17,400.0% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 700 shares of the company’s stock after acquiring an additional 696 shares during the quarter. Whipplewood Advisors LLC’s holdings in Principal Financial Group were worth $56,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of Principal Financial Group in the second quarter worth approximately $25,000. American National Bank & Trust purchased a new position in shares of Principal Financial Group in the second quarter worth approximately $28,000. Curio Wealth LLC boosted its holdings in shares of Principal Financial Group by 37,800.0% in the second quarter. Curio Wealth LLC now owns 379 shares of the company’s stock worth $30,000 after buying an additional 378 shares during the last quarter. von Borstel & Associates Inc. purchased a new position in shares of Principal Financial Group in the first quarter worth approximately $32,000. Finally, Private Wealth Asset Management LLC boosted its holdings in shares of Principal Financial Group by 163.4% in the second quarter. Private Wealth Asset Management LLC now owns 403 shares of the company’s stock worth $32,000 after buying an additional 250 shares during the last quarter. Hedge funds and other institutional investors own 75.08% of the company’s stock.

Principal Financial Group Trading Down 0.1%

NYSE PFG opened at $79.57 on Tuesday. The company’s 50-day moving average price is $80.94 and its 200-day moving average price is $78.72. The company has a current ratio of 0.29, a quick ratio of 0.30 and a debt-to-equity ratio of 0.36. The stock has a market cap of $17.73 billion, a PE ratio of 11.91, a PEG ratio of 0.76 and a beta of 1.03. Principal Financial Group, Inc. has a 12 month low of $68.39 and a 12 month high of $90.31.

Principal Financial Group (NYSE:PFG) last posted its quarterly earnings results on Monday, October 27th. The company reported $2.32 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.12. Principal Financial Group had a net margin of 9.74% and a return on equity of 14.68%. During the same period in the previous year, the firm earned $2.05 EPS. Equities research analysts forecast that Principal Financial Group, Inc. will post 8.5 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently issued reports on PFG. Keefe, Bruyette & Woods raised their price objective on shares of Principal Financial Group from $88.00 to $90.00 and gave the stock a “market perform” rating in a report on Thursday, October 9th. Morgan Stanley raised shares of Principal Financial Group from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $80.00 to $81.00 in a report on Thursday, October 23rd. Wells Fargo & Company lifted their price target on shares of Principal Financial Group from $72.00 to $73.00 and gave the company an “underweight” rating in a report on Wednesday, October 8th. UBS Group boosted their price target on shares of Principal Financial Group from $85.00 to $87.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 29th. Finally, Barclays boosted their price target on shares of Principal Financial Group from $80.00 to $83.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Principal Financial Group has an average rating of “Hold” and a consensus target price of $88.70.

Principal Financial Group 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 Asset Management, and Benefits and Protection segments. The Retirement and Income Solutions segment provides retirement, and related financial products and services.