582 Shares in Principal Financial Group, Inc. (NYSE:PFG) Acquired by Capital Performance Advisors LLP

Capital Performance Advisors LLP acquired a new position in shares of Principal Financial Group, Inc. (NYSE:PFG) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 582 shares of the company’s stock, valued at approximately $50,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in PFG. Acadian Asset Management LLC increased its position in Principal Financial Group by 403.6% during the second quarter. Acadian Asset Management LLC now owns 354,447 shares of the company’s stock worth $27,800,000 after purchasing an additional 284,067 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new position in shares of Principal Financial Group in the 2nd quarter worth $19,698,000. Intech Investment Management LLC boosted its holdings in Principal Financial Group by 586.1% in the first quarter. Intech Investment Management LLC now owns 234,815 shares of the company’s stock valued at $20,267,000 after acquiring an additional 200,588 shares during the last quarter. Swedbank AB acquired a new position in Principal Financial Group in the first quarter valued at $13,996,000. Finally, Capital Research Global Investors grew its position in Principal Financial Group by 2.4% during the first quarter. Capital Research Global Investors now owns 6,602,298 shares of the company’s stock valued at $569,844,000 after acquiring an additional 152,774 shares during the period. Hedge funds and other institutional investors own 75.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PFG. Royal Bank of Canada lifted their price objective on Principal Financial Group from $83.00 to $87.00 and gave the company a “sector perform” rating in a research note on Monday, July 29th. Keefe, Bruyette & Woods decreased their price objective on shares of Principal Financial Group from $88.00 to $86.00 and set a “market perform” rating for the company in a research note on Tuesday, July 30th. Morgan Stanley cut their target price on shares of Principal Financial Group from $85.00 to $83.00 and set an “equal weight” rating on the stock in a research note on Monday, August 19th. Bank of America decreased their price target on shares of Principal Financial Group from $94.00 to $91.00 and set a “neutral” rating for the company in a research report on Thursday, October 10th. Finally, Barclays increased their price target on Principal Financial Group from $75.00 to $77.00 and gave the company an “underweight” rating in a report on Friday, October 25th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $85.58.

Principal Financial Group Trading Down 0.6 %

NYSE:PFG opened at $85.45 on Monday. The stock has a market cap of $19.54 billion, a price-to-earnings ratio of 12.44, a price-to-earnings-growth ratio of 0.98 and a beta of 1.20. Principal Financial Group, Inc. has a one year low of $68.69 and a one year high of $91.97. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.30 and a current ratio of 0.30. The business’s 50-day simple moving average is $84.95 and its 200 day simple moving average is $81.99.

Principal Financial Group (NYSE:PFG) last posted its quarterly earnings results on Thursday, October 24th. The company reported $1.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.02 by ($0.26). The company had revenue of $3.01 billion during the quarter, compared to analyst estimates of $3.92 billion. Principal Financial Group had a negative net margin of 1.47% and a positive return on equity of 14.67%. During the same period in the prior year, the company earned $1.72 earnings per share. As a group, sell-side analysts predict that Principal Financial Group, Inc. will post 7.12 earnings per share for the current fiscal year.

Principal Financial Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.73 per share. This is a boost from Principal Financial Group’s previous quarterly dividend of $0.72. The ex-dividend date is Monday, December 2nd. This represents a $2.92 annualized dividend and a dividend yield of 3.42%. Principal Financial Group’s dividend payout ratio (DPR) is presently -320.00%.

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