Catalyst Capital Advisors LLC Has $56,000 Stock Position in Principal Financial Group, Inc. (NYSE:PFG)

Catalyst Capital Advisors LLC trimmed its holdings in shares of Principal Financial Group, Inc. (NYSE:PFG) by 58.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 726 shares of the company’s stock after selling 1,031 shares during the period. Catalyst Capital Advisors LLC’s holdings in Principal Financial Group were worth $56,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of PFG. Metis Global Partners LLC grew its stake in Principal Financial Group by 5.0% in the third quarter. Metis Global Partners LLC now owns 11,230 shares of the company’s stock valued at $965,000 after purchasing an additional 533 shares in the last quarter. Sanctuary Advisors LLC grew its stake in Principal Financial Group by 66.2% in the third quarter. Sanctuary Advisors LLC now owns 24,932 shares of the company’s stock valued at $2,137,000 after purchasing an additional 9,933 shares in the last quarter. Legacy Financial Group LLC purchased a new position in Principal Financial Group in the fourth quarter valued at about $771,000. Columbus Macro LLC grew its stake in Principal Financial Group by 46.7% in the fourth quarter. Columbus Macro LLC now owns 25,653 shares of the company’s stock valued at $1,986,000 after purchasing an additional 8,169 shares in the last quarter. Finally, Lecap Asset Management Ltd. grew its stake in Principal Financial Group by 135.6% in the fourth quarter. Lecap Asset Management Ltd. now owns 22,469 shares of the company’s stock valued at $1,739,000 after purchasing an additional 12,933 shares in the last quarter. 75.08% of the stock is owned by institutional investors and hedge funds.

Principal Financial Group Price Performance

Shares of NYSE:PFG opened at $86.60 on Wednesday. The business has a 50 day moving average price of $80.19 and a 200 day moving average price of $82.20. Principal Financial Group, Inc. has a twelve month low of $72.21 and a twelve month high of $91.97. The company has a market cap of $19.81 billion, a price-to-earnings ratio of 12.96, a PEG ratio of 0.79 and a beta of 1.22. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.35.

Principal Financial Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Wednesday, March 12th will be issued a $0.75 dividend. This is a boost from Principal Financial Group’s previous quarterly dividend of $0.73. The ex-dividend date is Wednesday, March 12th. This represents a $3.00 annualized dividend and a yield of 3.46%. Principal Financial Group’s dividend payout ratio is 43.71%.

Wall Street Analyst Weigh In

PFG has been the topic of a number of recent research reports. Royal Bank of Canada restated a “sector perform” rating and issued a $91.00 target price on shares of Principal Financial Group in a research note on Thursday, January 16th. Wells Fargo & Company decreased their price target on Principal Financial Group from $75.00 to $69.00 and set an “underweight” rating for the company in a research note on Tuesday, January 14th. Piper Sandler upped their price target on Principal Financial Group from $90.00 to $93.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Morgan Stanley reiterated an “underweight” rating and set a $80.00 price target (down previously from $86.00) on shares of Principal Financial Group in a research note on Thursday, December 5th. Finally, Keefe, Bruyette & Woods upped their price target on Principal Financial Group from $90.00 to $92.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 12th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Principal Financial Group has a consensus rating of “Hold” and an average price target of $85.54.

About Principal Financial Group

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.