Principal Financial Group Inc. (NYSE:PFG)’s share price gapped up prior to trading on Friday . The stock had previously closed at $45.46, but opened at $45.88. Principal Financial Group shares last traded at $46.67, with a volume of 673,705 shares traded.

Several equities analysts have commented on the stock. Deutsche Bank AG restated a “hold” rating on shares of Principal Financial Group in a research note on Tuesday, May 3rd. Morgan Stanley restated a “hold” rating on shares of Principal Financial Group in a research note on Saturday, April 30th. Zacks Investment Research upgraded shares of Principal Financial Group from a “sell” rating to a “hold” rating and set a $50.00 price target for the company in a research note on Monday, July 18th. Barclays PLC boosted their price target on shares of Principal Financial Group from $41.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Friday, July 29th. Finally, JPMorgan Chase & Co. restated a “sell” rating and issued a $46.00 price target on shares of Principal Financial Group in a research note on Friday, July 29th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. Principal Financial Group currently has a consensus rating of “Hold” and a consensus price target of $48.79.

The firm has a market capitalization of $13.57 billion and a price-to-earnings ratio of 11.22. The company’s 50 day moving average price is $43.20 and its 200 day moving average price is $41.00.

Principal Financial Group (NYSE:PFG) last issued its earnings results on Thursday, July 28th. The company reported $1.15 EPS for the quarter, beating the Zacks’ consensus estimate of $1.06 by $0.09. During the same quarter in the previous year, the company posted $1.09 earnings per share. Equities analysts anticipate that Principal Financial Group Inc. will post $4.34 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 2nd will be paid a $0.41 dividend. This is an increase from Principal Financial Group’s previous quarterly dividend of $0.39. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date is Wednesday, August 31st.

In related news, SVP Gregory Bernard Elming sold 46,770 shares of Principal Financial Group stock in a transaction on Wednesday, June 22nd. The shares were sold at an average price of $43.73, for a total transaction of $2,045,252.10. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider James P. Mccaughan sold 10,000 shares of Principal Financial Group stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $43.13, for a total transaction of $431,300.00. Following the sale, the insider now directly owns 195,598 shares in the company, valued at approximately $8,436,141.74. The disclosure for this sale can be found here.

A number of large investors have recently added to or reduced their stakes in PFG. GSA Capital Partners LLP increased its stake in Principal Financial Group by 23.8% in the fourth quarter. GSA Capital Partners LLP now owns 24,870 shares of the company’s stock valued at $1,119,000 after buying an additional 4,783 shares during the period. Advantus Capital Management Inc increased its stake in Principal Financial Group by 1.7% in the fourth quarter. Advantus Capital Management Inc now owns 25,949 shares of the company’s stock valued at $1,167,000 after buying an additional 423 shares during the period. Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased its stake in Principal Financial Group by 5.7% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 38,914 shares of the company’s stock valued at $1,750,000 after buying an additional 2,100 shares during the period. KBC Group increased its stake in Principal Financial Group by 62.1% in the third quarter. KBC Group now owns 56,079 shares of the company’s stock valued at $2,655,000 after buying an additional 21,474 shares during the period. Finally, US Bancorp DE increased its stake in Principal Financial Group by 1.7% in the fourth quarter. US Bancorp DE now owns 69,393 shares of the company’s stock valued at $3,121,000 after buying an additional 1,164 shares during the period.

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 services. The Company’s segments include Retirement and Income Solutions; Principal Global Investors, Principal International, and U.S.

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