Gilbert & Cook Inc. Sells 143 Shares of Principal Financial Group, Inc. (NYSE:PFG)

Gilbert & Cook Inc. cut its holdings in shares of Principal Financial Group, Inc. (NYSE:PFG) by 2.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,775 shares of the company’s stock after selling 143 shares during the period. Gilbert & Cook Inc.’s holdings in Principal Financial Group were worth $524,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of PFG. Harbor Capital Advisors Inc. grew its holdings in Principal Financial Group by 2.6% in the 4th quarter. Harbor Capital Advisors Inc. now owns 5,223 shares of the company’s stock valued at $404,000 after buying an additional 132 shares in the last quarter. Prime Capital Investment Advisors LLC lifted its stake in shares of Principal Financial Group by 2.3% in the third quarter. Prime Capital Investment Advisors LLC now owns 6,358 shares of the company’s stock worth $546,000 after acquiring an additional 142 shares during the period. Empirical Finance LLC grew its holdings in Principal Financial Group by 1.8% during the 3rd quarter. Empirical Finance LLC now owns 7,875 shares of the company’s stock worth $676,000 after acquiring an additional 142 shares during the period. Palisade Asset Management LLC boosted its stake in Principal Financial Group by 2.1% during the third quarter. Palisade Asset Management LLC now owns 6,946 shares of the company’s stock worth $597,000 after acquiring an additional 146 shares in the last quarter. Finally, First Trust Direct Indexing L.P. raised its holdings in Principal Financial Group by 2.5% during the third quarter. First Trust Direct Indexing L.P. now owns 6,479 shares of the company’s stock worth $557,000 after buying an additional 159 shares during the last quarter. 75.08% of the stock is owned by institutional investors.

Principal Financial Group Price Performance

Shares of PFG traded up $0.61 during mid-day trading on Thursday, hitting $83.99. 18,885 shares of the stock were exchanged, compared to its average volume of 1,088,870. The company has a market cap of $19.21 billion, a PE ratio of -93.15, a price-to-earnings-growth ratio of 0.80 and a beta of 1.22. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.30 and a current ratio of 0.30. The firm has a 50-day moving average of $80.75 and a two-hundred day moving average of $82.26. Principal Financial Group, Inc. has a 52-week low of $72.21 and a 52-week high of $91.97.

Analysts Set New Price Targets

Several research firms have commented on PFG. Wells Fargo & Company decreased their price objective on shares of 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. Keefe, Bruyette & Woods lowered their price objective on Principal Financial Group from $93.00 to $90.00 and set a “market perform” rating on the stock in a research note on Friday, January 10th. BMO Capital Markets initiated coverage on shares of Principal Financial Group in a research report on Thursday, January 23rd. They set a “market perform” rating and a $93.00 price target for the company. Morgan Stanley reiterated an “underweight” rating and set a $80.00 price objective (down from $86.00) on shares of Principal Financial Group in a research report on Thursday, December 5th. Finally, Barclays boosted their price objective on Principal Financial Group from $75.00 to $77.00 and gave the company an “underweight” rating in a research report on Friday, October 25th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Principal Financial Group currently has a consensus rating of “Hold” and a consensus price target of $84.92.

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.