Grimes & Company Inc. decreased its stake in shares of Principal Financial Group Inc (NYSE:PFG) by 1.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 126,099 shares of the financial services provider’s stock after selling 1,822 shares during the quarter. Grimes & Company Inc.’s holdings in Principal Financial Group were worth $8,113,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of PFG. Sun Life Financial INC increased its stake in Principal Financial Group by 21,822.2% during the 2nd quarter. Sun Life Financial INC now owns 1,973 shares of the financial services provider’s stock valued at $126,000 after purchasing an additional 1,964 shares in the last quarter. Eagle Global Advisors LLC acquired a new position in Principal Financial Group during the 2nd quarter valued at approximately $207,000. Koch Industries Inc. acquired a new position in Principal Financial Group during the 2nd quarter valued at approximately $210,000. Honkamp Krueger Financial Services Inc. acquired a new position in Principal Financial Group during the 3rd quarter valued at approximately $226,000. Finally, Foster & Motley Inc. increased its stake in Principal Financial Group by 9.3% during the 2nd quarter. Foster & Motley Inc. now owns 4,014 shares of the financial services provider’s stock valued at $257,000 after purchasing an additional 340 shares in the last quarter. Institutional investors and hedge funds own 68.58% of the company’s stock.

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In related news, insider Nora Mary Everett sold 12,398 shares of the firm’s stock in a transaction on Wednesday, October 18th. The shares were sold at an average price of $68.00, for a total transaction of $843,064.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider James P. Mccaughan sold 60,814 shares of the firm’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $62.10, for a total transaction of $3,776,549.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 143,537 shares of company stock worth $9,313,955. 1.50% of the stock is owned by company insiders.

Principal Financial Group Inc (NYSE PFG) traded down $0.34 during trading hours on Friday, hitting $68.08. 263,501 shares of the stock were exchanged, compared to its average volume of 1,105,851. The firm has a market capitalization of $19,620.00, a price-to-earnings ratio of 13.35, a P/E/G ratio of 1.31 and a beta of 1.71. Principal Financial Group Inc has a 1 year low of $56.12 and a 1 year high of $69.95. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.10 and a quick ratio of 0.10.

Principal Financial Group (NYSE:PFG) last released its quarterly earnings data on Thursday, October 26th. The financial services provider reported $1.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.30 by ($0.02). The business had revenue of $3.95 billion during the quarter, compared to analyst estimates of $3.12 billion. Principal Financial Group had a return on equity of 13.55% and a net margin of 12.35%. During the same quarter in the previous year, the company earned $1.15 EPS. equities research analysts forecast that Principal Financial Group Inc will post 5.22 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Monday, December 4th will be given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 2.88%. The ex-dividend date is Friday, December 1st. This is a positive change from Principal Financial Group’s previous quarterly dividend of $0.47. Principal Financial Group’s dividend payout ratio (DPR) is currently 30.82%.

A number of research analysts have issued reports on PFG shares. Zacks Investment Research upgraded shares of Principal Financial Group from a “sell” rating to a “hold” rating and set a $73.00 price target on the stock in a research note on Monday, October 2nd. Wells Fargo & Company set a $76.00 price target on shares of Principal Financial Group and gave the company a “buy” rating in a research note on Wednesday, October 18th. Goldman Sachs Group, Inc. (The) started coverage on shares of Principal Financial Group in a research note on Wednesday, October 18th. They set a “neutral” rating and a $70.00 price target on the stock. Morgan Stanley upped their price target on shares of Principal Financial Group from $67.00 to $72.00 and gave the company an “equal weight” rating in a research note on Thursday, October 5th. Finally, Barclays PLC upped their price target on shares of Principal Financial Group from $61.00 to $63.00 and gave the company an “equal weight” rating in a research note on Friday, August 11th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $67.40.

About Principal Financial Group

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. Its segments include Retirement and Income Solutions; Principal Global Investors, Principal International; U.S. Insurance Solutions, and Corporate.

Institutional Ownership by Quarter for Principal Financial Group (NYSE:PFG)

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