BerganKDV Wealth Management LLC Has $4.14 Million Stock Position in Principal Financial Group, Inc. (NASDAQ:PFG)

BerganKDV Wealth Management LLC increased its position in shares of Principal Financial Group, Inc. (NASDAQ:PFGGet Rating) by 8.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 56,399 shares of the company’s stock after acquiring an additional 4,596 shares during the period. BerganKDV Wealth Management LLC’s holdings in Principal Financial Group were worth $4,140,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Teacher Retirement System of Texas grew its position in shares of Principal Financial Group by 5.0% in the 1st quarter. Teacher Retirement System of Texas now owns 54,600 shares of the company’s stock valued at $4,008,000 after buying an additional 2,592 shares during the last quarter. Lake Street Financial LLC raised its stake in Principal Financial Group by 48.6% during the 1st quarter. Lake Street Financial LLC now owns 4,396 shares of the company’s stock worth $323,000 after buying an additional 1,438 shares during the period. Forsta AP Fonden raised its stake in Principal Financial Group by 371.7% during the 1st quarter. Forsta AP Fonden now owns 86,800 shares of the company’s stock worth $6,372,000 after buying an additional 68,400 shares during the period. Checchi Capital Advisers LLC acquired a new position in Principal Financial Group during the 1st quarter worth approximately $219,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in Principal Financial Group by 10.0% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 127,962 shares of the company’s stock worth $9,394,000 after buying an additional 11,639 shares during the period. Institutional investors own 77.69% of the company’s stock.

Principal Financial Group Trading Up 0.4 %

Shares of NASDAQ PFG traded up $0.24 during trading hours on Friday, hitting $68.22. The company’s stock had a trading volume of 793,645 shares, compared to its average volume of 1,261,143. The business has a 50-day simple moving average of $66.69 and a 200-day simple moving average of $69.96. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.10 and a current ratio of 0.10. The stock has a market cap of $17.24 billion, a price-to-earnings ratio of 11.70, a P/E/G ratio of 2.42 and a beta of 1.36. Principal Financial Group, Inc. has a 12 month low of $60.97 and a 12 month high of $80.36.

Insider Buying and Selling at Principal Financial Group

In other Principal Financial Group news, EVP Wee Yee Cheong sold 10,000 shares of Principal Financial Group stock in a transaction that occurred on Wednesday, May 25th. The stock was sold at an average price of $71.00, for a total transaction of $710,000.00. Following the sale, the executive vice president now directly owns 37,093 shares of the company’s stock, valued at approximately $2,633,603. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.17% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the company. JPMorgan Chase & Co. lowered their price objective on Principal Financial Group from $72.00 to $69.00 in a research note on Monday, July 11th. Evercore ISI cut their price target on Principal Financial Group from $78.00 to $72.00 and set an “in-line” rating for the company in a report on Wednesday, July 6th. Citigroup initiated coverage on Principal Financial Group in a research report on Monday, May 23rd. They issued a “sell” rating and a $63.00 price objective on the stock. Morgan Stanley lowered their price objective on Principal Financial Group from $72.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 6th. Finally, Barclays lowered their price objective on Principal Financial Group from $85.00 to $78.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 13th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $69.40.

Principal Financial Group Company Profile

(Get Rating)

Principal Financial Group, Inc provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide. The company operates through Retirement and Income Solutions, Principal Global Investors, Principal International, and U.S. Insurance Solutions segments.

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

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