DekaBank Deutsche Girozentrale cut its holdings in shares of Principal Financial Group Inc (NYSE:PFG) by 5.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,684 shares of the financial services provider’s stock after selling 1,472 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Principal Financial Group were worth $1,828,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of Principal Financial Group by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 30,237,096 shares of the financial services provider’s stock worth $1,937,291,000 after acquiring an additional 587,221 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Principal Financial Group by 3.3% during the 2nd quarter. BlackRock Inc. now owns 18,306,790 shares of the financial services provider’s stock worth $1,172,916,000 after acquiring an additional 592,172 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Principal Financial Group by 6,656.1% during the 2nd quarter. Janus Henderson Group PLC now owns 3,020,597 shares of the financial services provider’s stock worth $193,529,000 after acquiring an additional 2,975,888 shares during the last quarter. Schroder Investment Management Group increased its holdings in shares of Principal Financial Group by 6.9% during the 2nd quarter. Schroder Investment Management Group now owns 1,545,645 shares of the financial services provider’s stock worth $99,740,000 after acquiring an additional 100,091 shares during the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of Principal Financial Group by 1.2% during the 2nd quarter. Legal & General Group Plc now owns 1,475,069 shares of the financial services provider’s stock worth $94,514,000 after acquiring an additional 17,889 shares during the last quarter. 68.13% of the stock is currently owned by institutional investors and hedge funds.

Principal Financial Group Inc (PFG) opened at $68.40 on Thursday. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.26. Principal Financial Group Inc has a 1-year low of $56.12 and a 1-year high of $69.95. The company has a market capitalization of $19,794.13, a price-to-earnings ratio of 13.36, a price-to-earnings-growth ratio of 1.31 and a beta of 1.71.

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

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Monday, December 4th will be issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 2.87%. This is a positive change from Principal Financial Group’s previous quarterly dividend of $0.47. The ex-dividend date is Friday, December 1st. Principal Financial Group’s dividend payout ratio is currently 30.82%.

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In other Principal Financial Group news, Chairman Daniel Joseph Houston sold 38,097 shares of the company’s stock in a transaction on Wednesday, October 18th. The stock was sold at an average price of $68.00, for a total value of $2,590,596.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Nora Mary Everett sold 12,398 shares of the company’s stock in a transaction on Wednesday, October 18th. The shares were sold at an average price of $68.00, for a total value of $843,064.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 143,537 shares of company stock worth $9,313,955. Insiders own 1.50% of the company’s stock.

A number of research analysts recently weighed in on the company. Zacks Investment Research raised Principal Financial Group from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a report on Tuesday, August 1st. Keefe, Bruyette & Woods reissued a “hold” rating and set a $68.00 target price on shares of Principal Financial Group in a report on Thursday, August 3rd. Barclays PLC boosted their target price on Principal Financial Group from $61.00 to $63.00 and gave the stock an “equal weight” rating in a report on Friday, August 11th. BidaskClub lowered Principal Financial Group from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Finally, Goldman Sachs Group, Inc. (The) assumed coverage on Principal Financial Group in a report on Wednesday, October 18th. They set a “neutral” rating and a $70.00 target price on the stock. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $67.40.

Principal Financial Group Profile

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.

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

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