Principal Financial Group Inc. Reduces Position in SoFi Technologies, Inc. $SOFI

Principal Financial Group Inc. trimmed its holdings in SoFi Technologies, Inc. (NASDAQ:SOFI) by 12.5% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 229,511 shares of the company’s stock after selling 32,805 shares during the quarter. Principal Financial Group Inc.’s holdings in SoFi Technologies were worth $6,064,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. SJS Investment Consulting Inc. grew its stake in shares of SoFi Technologies by 840.3% in the third quarter. SJS Investment Consulting Inc. now owns 1,119 shares of the company’s stock worth $30,000 after acquiring an additional 1,000 shares during the period. Salomon & Ludwin LLC bought a new stake in SoFi Technologies in the 3rd quarter worth approximately $29,000. ORG Partners LLC grew its position in SoFi Technologies by 230.6% in the 3rd quarter. ORG Partners LLC now owns 1,438 shares of the company’s stock worth $38,000 after purchasing an additional 1,003 shares during the period. Bartlett & CO. Wealth Management LLC raised its stake in SoFi Technologies by 46.9% during the 3rd quarter. Bartlett & CO. Wealth Management LLC now owns 1,469 shares of the company’s stock valued at $39,000 after buying an additional 469 shares during the last quarter. Finally, Bfsg LLC lifted its holdings in shares of SoFi Technologies by 200.0% during the 3rd quarter. Bfsg LLC now owns 1,500 shares of the company’s stock valued at $40,000 after buying an additional 1,000 shares during the period. Institutional investors own 38.43% of the company’s stock.

SoFi Technologies Trading Up 1.6%

SoFi Technologies stock opened at $19.61 on Friday. SoFi Technologies, Inc. has a 12-month low of $8.60 and a 12-month high of $32.73. The firm has a market capitalization of $23.65 billion, a price-to-earnings ratio of 51.61 and a beta of 2.13. The firm has a 50 day moving average of $25.34 and a 200 day moving average of $26.25. The company has a current ratio of 0.80, a quick ratio of 0.16 and a debt-to-equity ratio of 0.31.

SoFi Technologies (NASDAQ:SOFI) last posted its quarterly earnings results on Friday, January 30th. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $984.75 million. SoFi Technologies had a net margin of 13.34% and a return on equity of 6.48%. The company’s revenue was up 39.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.05 earnings per share. SoFi Technologies has set its Q1 2026 guidance at 0.120- EPS and its FY 2026 guidance at 0.600- EPS. As a group, research analysts predict that SoFi Technologies, Inc. will post 0.26 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on SOFI. Keefe, Bruyette & Woods lifted their price objective on SoFi Technologies from $18.00 to $20.00 and gave the stock an “underperform” rating in a report on Wednesday, October 29th. UBS Group set a $24.50 price target on shares of SoFi Technologies in a research report on Monday, February 2nd. Bank of America initiated coverage on shares of SoFi Technologies in a research note on Tuesday, January 6th. They issued an “underperform” rating and a $20.50 price objective on the stock. Needham & Company LLC cut their target price on shares of SoFi Technologies from $36.00 to $33.00 and set a “buy” rating for the company in a research report on Monday, February 2nd. Finally, Citigroup upped their target price on shares of SoFi Technologies from $28.00 to $37.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, SoFi Technologies has an average rating of “Hold” and a consensus target price of $26.21.

Insider Buying and Selling at SoFi Technologies

In other SoFi Technologies news, EVP Eric Schuppenhauer purchased 5,000 shares of SoFi Technologies stock in a transaction that occurred on Thursday, February 5th. The shares were bought at an average price of $19.93 per share, for a total transaction of $99,650.00. Following the completion of the transaction, the executive vice president owned 228,768 shares of the company’s stock, valued at approximately $4,559,346.24. This trade represents a 2.23% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, General Counsel Robert S. Lavet purchased 5,000 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The shares were acquired at an average cost of $21.04 per share, for a total transaction of $105,200.00. Following the purchase, the general counsel owned 17,172 shares of the company’s stock, valued at $361,298.88. This represents a 41.08% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders sold 261,470 shares of company stock valued at $6,276,524. 2.60% of the stock is currently owned by corporate insiders.

SoFi Technologies Company Profile

SoFi Technologies, Inc (NASDAQ: SOFI) is a diversified financial services company that provides consumer-focused lending, banking, investing and financial technology products. The company’s core offerings include student loan refinancing and private student loans, personal loans, mortgage lending, and credit card products. In addition to credit and lending, SoFi operates consumer-facing deposit and cash management accounts, an investing and trading platform, and an insurance marketplace through partner relationships, all designed to serve individuals seeking an integrated digital financial experience.

SoFi has grown beyond direct-to-consumer lending by building technology and infrastructure capabilities.