Principal Financial Group, Inc. (NYSE:PFG) Shares Sold by West Financial Advisors LLC

West Financial Advisors LLC lessened its stake in shares of Principal Financial Group, Inc. (NYSE:PFG) by 23.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,870 shares of the company’s stock after selling 579 shares during the period. West Financial Advisors LLC’s holdings in Principal Financial Group were worth $145,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Peterson Financial Group Inc. purchased a new position in Principal Financial Group during the third quarter worth about $33,000. Truvestments Capital LLC acquired a new stake in shares of Principal Financial Group during the 3rd quarter worth approximately $43,000. Sugarloaf Wealth Management LLC increased its holdings in shares of Principal Financial Group by 53.6% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 559 shares of the company’s stock worth $43,000 after buying an additional 195 shares during the last quarter. Prospera Private Wealth LLC purchased a new stake in shares of Principal Financial Group during the 3rd quarter valued at approximately $45,000. Finally, Capital Performance Advisors LLP acquired a new position in Principal Financial Group in the third quarter valued at approximately $50,000. Institutional investors and hedge funds own 75.08% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on PFG. Morgan Stanley reissued an “underweight” rating and set a $80.00 target price (down previously from $86.00) on shares of Principal Financial Group in a research note on Thursday, December 5th. Piper Sandler raised Principal Financial Group from a “neutral” rating to an “overweight” rating and set a $90.00 price objective for the company in a research report on Wednesday, December 18th. Wells Fargo & Company decreased their target price on shares of Principal Financial Group from $75.00 to $69.00 and set an “underweight” rating on the stock in a research report on Tuesday. Barclays increased their target price 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, JPMorgan Chase & Co. raised shares of Principal Financial Group from a “neutral” rating to an “overweight” rating and reduced their price target for the company from $95.00 to $92.00 in a research note on Tuesday, January 7th. Four research analysts have rated the stock with a sell rating, five have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $84.25.

Principal Financial Group Trading Up 1.6 %

Shares of PFG stock opened at $80.08 on Thursday. The stock has a market capitalization of $18.32 billion, a P/E ratio of 11.11, a price-to-earnings-growth ratio of 0.75 and a beta of 1.22. Principal Financial Group, Inc. has a fifty-two week low of $72.21 and a fifty-two week high of $91.97. 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 company has a 50 day moving average price of $81.64 and a 200 day moving average price of $82.16.

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 analyst estimates of $3.92 billion. Principal Financial Group had a positive return on equity of 14.67% and a negative net margin of 1.47%. During the same quarter last year, the firm earned $1.72 EPS. Equities research analysts predict that Principal Financial Group, Inc. will post 7.01 EPS for the current fiscal year.

Principal Financial Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Monday, December 2nd were issued a dividend of $0.73 per share. This is an increase from Principal Financial Group’s previous quarterly dividend of $0.72. The ex-dividend date was Monday, December 2nd. This represents a $2.92 annualized dividend and a yield of 3.65%. Principal Financial Group’s dividend payout ratio is -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.