Crossmark Global Holdings Inc. lowered its stake in shares of Principal Financial Group Inc (NYSE:PFG) by 19.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 22,337 shares of the financial services provider’s stock after selling 5,278 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Principal Financial Group were worth $1,576,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. Schroder Investment Management Group grew its position in shares of Principal Financial Group by 17.0% during the third quarter. Schroder Investment Management Group now owns 1,807,710 shares of the financial services provider’s stock worth $115,693,000 after buying an additional 262,065 shares in the last quarter. Allianz Asset Management GmbH grew its position in shares of Principal Financial Group by 29.4% during the third quarter. Allianz Asset Management GmbH now owns 1,607,888 shares of the financial services provider’s stock worth $103,451,000 after buying an additional 365,068 shares in the last quarter. Legal & General Group Plc grew its position in shares of Principal Financial Group by 2.1% during the third quarter. Legal & General Group Plc now owns 1,506,176 shares of the financial services provider’s stock worth $96,908,000 after buying an additional 31,107 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in shares of Principal Financial Group by 5.4% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,384,166 shares of the financial services provider’s stock worth $97,667,000 after buying an additional 71,076 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ grew its position in shares of Principal Financial Group by 13.8% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 1,213,556 shares of the financial services provider’s stock worth $78,080,000 after buying an additional 147,100 shares in the last quarter. 68.64% of the stock is owned by institutional investors and hedge funds.

Principal Financial Group Inc (PFG) opened at $61.72 on Wednesday. The company has a market cap of $17,820.00, a price-to-earnings ratio of 7.83, a price-to-earnings-growth ratio of 1.35 and a beta of 1.58. 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 $59.25 and a 1-year high of $75.58.

Principal Financial Group (NYSE:PFG) last released its quarterly earnings data on Monday, January 29th. The financial services provider reported $1.19 EPS for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.18). The business had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.32 billion. Principal Financial Group had a return on equity of 13.55% and a net margin of 12.35%. During the same period in the prior year, the firm earned $1.27 EPS. equities analysts forecast that Principal Financial Group Inc will post 5.22 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Monday, March 5th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 3.31%. This is a boost from Principal Financial Group’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Friday, March 2nd. Principal Financial Group’s dividend payout ratio (DPR) is presently 24.87%.

A number of equities analysts have commented on the stock. Zacks Investment Research raised shares of Principal Financial Group from a “hold” rating to a “buy” rating and set a $83.00 price objective for the company in a report on Friday, January 12th. Goldman Sachs Group raised shares of Principal Financial Group from a “neutral” rating to a “buy” rating in a report on Tuesday, January 9th. Wells Fargo & Co downgraded shares of Principal Financial Group from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 9th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $73.00 price objective on shares of Principal Financial Group in a report on Monday, December 11th. Finally, Morgan Stanley decreased their price objective on shares of Principal Financial Group from $80.00 to $79.00 and set an “equal weight” rating for the company in a report on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $73.56.

In other Principal Financial Group news, EVP Gary P. Scholten sold 24,310 shares of the firm’s stock in a transaction on Monday, January 8th. The stock was sold at an average price of $71.59, for a total value of $1,740,352.90. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Daniel Joseph Houston sold 19,856 shares of the firm’s stock in a transaction on Monday, January 8th. The shares were sold at an average price of $72.02, for a total value of $1,430,029.12. The disclosure for this sale can be found here. Insiders sold 301,958 shares of company stock worth $21,343,156 over the last quarter. 1.50% of the stock is currently owned by company insiders.

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Principal Financial Group Company 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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