523 Shares in Principal Financial Group, Inc. (NYSE:PFG) Purchased by Prospera Private Wealth LLC

Prospera Private Wealth LLC acquired a new stake in shares of Principal Financial Group, Inc. (NYSE:PFG) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 523 shares of the company’s stock, valued at approximately $45,000.

A number of other large investors also recently bought and sold shares of PFG. Metis Global Partners LLC lifted its stake in Principal Financial Group by 5.0% during the third quarter. Metis Global Partners LLC now owns 11,230 shares of the company’s stock worth $965,000 after purchasing an additional 533 shares during the last quarter. Cetera Investment Advisers lifted its position in shares of Principal Financial Group by 108.1% in the 1st quarter. Cetera Investment Advisers now owns 53,579 shares of the company’s stock worth $4,624,000 after buying an additional 27,827 shares during the last quarter. Sei Investments Co. boosted its holdings in shares of Principal Financial Group by 59.4% in the 1st quarter. Sei Investments Co. now owns 24,275 shares of the company’s stock valued at $2,095,000 after buying an additional 9,048 shares during the period. SG Americas Securities LLC grew its position in shares of Principal Financial Group by 57.3% during the 2nd quarter. SG Americas Securities LLC now owns 178,635 shares of the company’s stock valued at $14,014,000 after buying an additional 65,070 shares during the last quarter. Finally, Tidal Investments LLC raised its stake in Principal Financial Group by 54.2% during the first quarter. Tidal Investments LLC now owns 26,847 shares of the company’s stock worth $2,317,000 after acquiring an additional 9,432 shares during the period. Institutional investors own 75.08% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on PFG shares. Bank of America decreased their target price on Principal Financial Group from $94.00 to $91.00 and set a “neutral” rating for the company in a research note on Thursday, October 10th. Wells Fargo & Company increased their target price on Principal Financial Group from $85.00 to $86.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. Morgan Stanley reduced their price target on shares of Principal Financial Group from $85.00 to $83.00 and set an “equal weight” rating for the company in a report on Monday, August 19th. Barclays lifted their price objective on shares of Principal Financial Group from $75.00 to $77.00 and gave the company an “underweight” rating in a research report on Friday, October 25th. Finally, Keefe, Bruyette & Woods decreased their target price on shares of Principal Financial Group from $88.00 to $86.00 and set a “market perform” rating for the company in a research report on Tuesday, July 30th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $85.92.

Principal Financial Group Stock Performance

PFG opened at $85.73 on Friday. The business has a 50 day moving average price of $86.12 and a two-hundred day moving average price of $82.35. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.30 and a quick ratio of 0.30. The company has a market capitalization of $19.61 billion, a price-to-earnings ratio of -95.26, a price-to-earnings-growth ratio of 0.97 and a beta of 1.20. Principal Financial Group, Inc. has a 1-year low of $71.39 and a 1-year high of $91.97.

Principal Financial Group (NYSE:PFG) last announced its quarterly earnings data on Thursday, October 24th. The company reported $1.76 earnings per share for the quarter, missing the consensus estimate of $2.02 by ($0.26). The firm had revenue of $3.01 billion during the quarter, compared to analyst estimates of $3.92 billion. Principal Financial Group had a negative net margin of 1.47% and a positive return on equity of 14.67%. During the same quarter last year, the company earned $1.72 EPS. Research analysts predict that Principal Financial Group, Inc. will post 7.09 EPS for the current fiscal year.

Principal Financial Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Monday, December 2nd will be issued a $0.73 dividend. This is an increase from Principal Financial Group’s previous quarterly dividend of $0.72. This represents a $2.92 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date of this dividend is Monday, December 2nd. Principal Financial Group’s payout ratio is presently -324.44%.

Principal Financial Group Profile

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 Asset Management, and Benefits and Protection segments. The Retirement and Income Solutions segment provides retirement, and related financial products and services.