Principal Financial Group Inc (NYSE:PFG) Shares Acquired by DT Investment Partners LLC

DT Investment Partners LLC boosted its holdings in shares of Principal Financial Group Inc (NYSE:PFG) by 6.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 88,318 shares of the financial services provider’s stock after purchasing an additional 5,558 shares during the period. Principal Financial Group makes up approximately 0.7% of DT Investment Partners LLC’s holdings, making the stock its 25th biggest position. DT Investment Partners LLC’s holdings in Principal Financial Group were worth $5,046,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in PFG. SG Americas Securities LLC raised its holdings in shares of Principal Financial Group by 5.6% during the third quarter. SG Americas Securities LLC now owns 31,643 shares of the financial services provider’s stock valued at $1,808,000 after acquiring an additional 1,689 shares during the period. Daiwa Securities Group Inc. raised its holdings in shares of Principal Financial Group by 6.7% during the third quarter. Daiwa Securities Group Inc. now owns 12,295 shares of the financial services provider’s stock valued at $703,000 after acquiring an additional 770 shares during the period. Parallel Advisors LLC raised its holdings in shares of Principal Financial Group by 17.0% during the third quarter. Parallel Advisors LLC now owns 1,567 shares of the financial services provider’s stock valued at $90,000 after acquiring an additional 228 shares during the period. JNBA Financial Advisors raised its holdings in shares of Principal Financial Group by 439.3% during the third quarter. JNBA Financial Advisors now owns 1,456 shares of the financial services provider’s stock valued at $83,000 after acquiring an additional 1,186 shares during the period. Finally, Cullen Frost Bankers Inc. raised its holdings in shares of Principal Financial Group by 123.8% during the third quarter. Cullen Frost Bankers Inc. now owns 18,106 shares of the financial services provider’s stock valued at $1,034,000 after acquiring an additional 10,014 shares during the period. 68.64% of the stock is owned by institutional investors and hedge funds.

Principal Financial Group stock opened at $55.30 on Friday. The firm’s 50 day moving average price is $55.52 and its two-hundred day moving average price is $55.84. Principal Financial Group Inc has a twelve month low of $40.42 and a twelve month high of $60.81.

Principal Financial Group (NYSE:PFG) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $1.23 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.46 by ($0.23). During the same quarter in the previous year, the business posted $1.67 EPS.

A number of research firms have recently issued reports on PFG. Morgan Stanley set a $56.00 price target on shares of Principal Financial Group and gave the company a “hold” rating in a report on Friday, October 25th. Barclays set a $66.00 price objective on shares of Principal Financial Group and gave the company a “buy” rating in a research note on Monday, August 12th. Finally, UBS Group dropped their price objective on shares of Principal Financial Group from $49.00 to $48.00 and set a “sell” rating on the stock in a research note on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. Principal Financial Group currently has a consensus rating of “Hold” and an average price target of $56.17.

In other Principal Financial Group news, EVP Julia M. Lawler sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $57.56, for a total value of $57,560.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. In the last quarter, insiders sold 3,000 shares of company stock worth $164,450. Company insiders own 1.50% of the company’s stock.

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 Global Investors, Principal International, and U.S. Insurance Solutions segments.

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

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