KBC Group NV decreased its position in Principal Financial Group Inc (NYSE:PFG) by 13.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 414,790 shares of the financial services provider’s stock after selling 63,774 shares during the period. KBC Group NV owned about 0.14% of Principal Financial Group worth $26,687,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Principal Financial Group by 2.0% in the second quarter. Vanguard Group Inc. now owns 30,237,096 shares of the financial services provider’s stock worth $1,937,291,000 after purchasing an additional 587,221 shares during the last quarter. BlackRock Inc. boosted its holdings in Principal Financial Group by 3.3% in the second quarter. BlackRock Inc. now owns 18,306,790 shares of the financial services provider’s stock valued at $1,172,916,000 after acquiring an additional 592,172 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in Principal Financial Group by 6,656.1% in the second quarter. Janus Henderson Group PLC now owns 3,020,597 shares of the financial services provider’s stock valued at $193,529,000 after acquiring an additional 2,975,888 shares in the last quarter. Schroder Investment Management Group boosted its holdings in Principal Financial Group by 17.0% in the third quarter. Schroder Investment Management Group now owns 1,807,710 shares of the financial services provider’s stock valued at $115,693,000 after acquiring an additional 262,065 shares in the last quarter. Finally, Legal & General Group Plc boosted its holdings in Principal Financial Group by 2.1% in the third quarter. Legal & General Group Plc now owns 1,506,176 shares of the financial services provider’s stock valued at $96,908,000 after acquiring an additional 31,107 shares in the last quarter. Hedge funds and other institutional investors own 68.81% of the company’s stock.

Shares of Principal Financial Group Inc (NYSE PFG) traded up $0.22 during trading on Friday, reaching $70.52. The company’s stock had a trading volume of 1,577,456 shares, compared to its average volume of 1,112,447. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.10 and a quick ratio of 0.10. The stock has a market capitalization of $20,360.00, a price-to-earnings ratio of 13.65, a P/E/G ratio of 1.34 and a beta of 1.71. Principal Financial Group Inc has a fifty-two week low of $56.12 and a fifty-two week high of $72.23.

Principal Financial Group (NYSE:PFG) last announced its quarterly earnings data on Thursday, October 26th. The financial services provider reported $1.28 EPS for the quarter, missing the consensus estimate of $1.30 by ($0.02). The firm had revenue of $3.95 billion for the quarter, compared to analysts’ expectations of $3.12 billion. Principal Financial Group had a net margin of 12.35% and a return on equity of 13.55%. During the same period in the prior year, the business posted $1.15 EPS. equities analysts expect that Principal Financial Group Inc will post 5.22 EPS 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 given a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, December 1st. This represents a $1.96 annualized dividend and a yield of 2.78%. 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%.

Several analysts recently weighed in on the stock. Zacks Investment Research cut shares of Principal Financial Group from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. Wells Fargo & Company set a $76.00 price target on shares of Principal Financial Group and gave the company a “buy” rating in a report on Wednesday, October 18th. Goldman Sachs Group assumed coverage on shares of Principal Financial Group in a report on Wednesday, October 18th. They issued a “neutral” rating and a $70.00 price target on the stock. Morgan Stanley lifted 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 report on Thursday, October 5th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $74.00 price target on shares of Principal Financial Group in a report on Wednesday, September 6th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $67.40.

In other news, insider James P. Mccaughan sold 60,814 shares of Principal Financial Group stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $62.10, for a total value of $3,776,549.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Daniel Joseph Houston sold 37,080 shares of Principal Financial Group stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $70.05, for a total value of $2,597,454.00. The disclosure for this sale can be found here. Insiders have sold 199,522 shares of company stock valued at $13,236,083 in the last three months. Insiders own 1.50% of the company’s stock.

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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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