Principal Financial Group, Inc. (NYSE:PFG) Shares Purchased by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. raised its holdings in Principal Financial Group, Inc. (NYSE:PFG) by 6.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,956 shares of the company’s stock after acquiring an additional 357 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Principal Financial Group were worth $512,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Metis Global Partners LLC boosted its holdings 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 buying an additional 533 shares in the last quarter. Intech Investment Management LLC boosted its stake in shares of Principal Financial Group by 27.1% during the 2nd quarter. Intech Investment Management LLC now owns 298,562 shares of the company’s stock worth $23,422,000 after acquiring an additional 63,747 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Principal Financial Group by 358.7% in the 3rd quarter. Empowered Funds LLC now owns 16,328 shares of the company’s stock worth $1,403,000 after acquiring an additional 12,768 shares during the period. Principal Financial Group Inc. grew its holdings in shares of Principal Financial Group by 3.0% in the 3rd quarter. Principal Financial Group Inc. now owns 231,277 shares of the company’s stock worth $19,867,000 after acquiring an additional 6,817 shares during the period. Finally, Frank Rimerman Advisors LLC purchased a new position in Principal Financial Group in the 3rd quarter valued at approximately $769,000. 75.08% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PFG has been the topic of several research reports. Piper Sandler upped their target price on Principal Financial Group from $85.00 to $90.00 and gave the company a “neutral” rating in a report on Wednesday, October 2nd. Bank of America lowered their price objective on shares of Principal Financial Group from $94.00 to $91.00 and set a “neutral” rating on the stock in a research note on Thursday, October 10th. Royal Bank of Canada upped their price target on shares of Principal Financial Group from $87.00 to $91.00 and gave the company a “sector perform” rating in a report on Tuesday, November 19th. Barclays raised their price objective on shares of Principal Financial Group from $75.00 to $77.00 and gave the stock an “underweight” rating in a research note on Friday, October 25th. Finally, Wells Fargo & Company reaffirmed an “underweight” rating and issued a $75.00 target price (down previously from $84.00) on shares of Principal Financial Group in a research note on Wednesday. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Principal Financial Group presently has a consensus rating of “Hold” and an average target price of $84.75.

Principal Financial Group Price Performance

Shares of NYSE:PFG opened at $78.91 on Friday. The company has a market cap of $18.05 billion, a P/E ratio of -87.68, a P/E/G ratio of 0.93 and a beta of 1.20. The business has a fifty day simple moving average of $85.78 and a 200-day simple moving average of $82.42. Principal Financial Group, Inc. has a 52 week low of $72.21 and a 52 week high of $91.97. 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 (NYSE:PFG) last posted its quarterly earnings results on Thursday, October 24th. The company reported $1.76 EPS for the quarter, missing the consensus estimate of $2.02 by ($0.26). The business had revenue of $3.01 billion during the quarter, compared to analysts’ expectations 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 firm earned $1.72 EPS. Equities research analysts forecast that Principal Financial Group, Inc. will post 7.03 EPS for the current year.

Principal Financial Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.73 per share. The ex-dividend date is Monday, December 2nd. This represents a $2.92 dividend on an annualized basis and a yield of 3.70%. This is an increase from Principal Financial Group’s previous quarterly dividend of $0.72. Principal Financial Group’s dividend payout ratio (DPR) is currently -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.