Principal Financial Group Inc (PFG) Shares Sold by Schroder Investment Management Group

Schroder Investment Management Group cut its stake in shares of Principal Financial Group Inc (NYSE:PFG) by 31.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,246,750 shares of the financial services provider’s stock after selling 560,960 shares during the period. Schroder Investment Management Group’s holdings in Principal Financial Group were worth $87,971,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in PFG. American Century Companies Inc. increased its holdings in shares of Principal Financial Group by 14,739.8% during the fourth quarter. American Century Companies Inc. now owns 836,964 shares of the financial services provider’s stock worth $59,056,000 after buying an additional 831,324 shares in the last quarter. Old Mutual Global Investors UK Ltd. increased its holdings in shares of Principal Financial Group by 104.5% during the third quarter. Old Mutual Global Investors UK Ltd. now owns 1,180,596 shares of the financial services provider’s stock worth $75,959,000 after buying an additional 603,342 shares in the last quarter. Allianz Asset Management GmbH increased its holdings in shares of Principal Financial Group by 29.4% during the third quarter. Allianz Asset Management GmbH now owns 1,607,888 shares of the financial services provider’s stock worth $103,451,000 after buying an additional 365,068 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in shares of Principal Financial Group by 286.2% during the third quarter. Canada Pension Plan Investment Board now owns 351,435 shares of the financial services provider’s stock worth $22,611,000 after buying an additional 260,444 shares in the last quarter. Finally, Koch Industries Inc. acquired a new position in shares of Principal Financial Group during the second quarter worth $210,000. Institutional investors own 68.64% of the company’s stock.

Shares of Principal Financial Group Inc (NYSE PFG) opened at $63.05 on Friday. The firm has a market capitalization of $18,260.00, a price-to-earnings ratio of 8.00, a P/E/G ratio of 1.35 and a beta of 1.58. Principal Financial Group Inc has a 1-year low of $59.25 and a 1-year high of $75.58. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.26.

Principal Financial Group (NYSE:PFG) last posted its quarterly earnings data on Monday, January 29th. The financial services provider reported $1.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.37 by ($0.18). The company had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.32 billion. Principal Financial Group had a net margin of 12.35% and a return on equity of 13.55%. During the same quarter in the previous year, the company earned $1.27 earnings per share. equities analysts anticipate that Principal Financial Group Inc will post 5.22 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Monday, March 5th will be given a dividend of $0.51 per share. The ex-dividend date is Friday, March 2nd. This represents a $2.04 dividend on an annualized basis and a yield of 3.24%. This is a boost from Principal Financial Group’s previous quarterly dividend of $0.49. Principal Financial Group’s dividend payout ratio is 24.87%.

Several research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Principal Financial Group from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. Barclays upgraded shares of Principal Financial Group from an “equal weight” rating to an “overweight” rating and set a $72.00 price target for the company in a report on Monday, February 12th. JPMorgan Chase & Co. upgraded shares of Principal Financial Group from an “underweight” rating to a “neutral” rating and set a $70.00 price target for the company in a report on Monday, February 12th. Morgan Stanley decreased their price objective on Principal Financial Group from $80.00 to $79.00 and set an “equal weight” rating for the company in a report on Tuesday, January 30th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $73.00 price objective on shares of Principal Financial Group in a report on Monday, December 11th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $73.56.

In other Principal Financial Group news, CEO Daniel Joseph Houston sold 37,080 shares of the company’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $70.05, for a total transaction of $2,597,454.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Gary P. Scholten sold 24,310 shares of the company’s stock in a transaction on Monday, January 8th. The shares were sold at an average price of $71.59, for a total transaction of $1,740,352.90. The disclosure for this sale can be found here. Insiders have sold 301,958 shares of company stock worth $21,343,156 in the last ninety days. Insiders own 1.50% of the company’s stock.

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Principal Financial Group Profile

Principal Financial Group, Inc is an investment management company. The Company offers a range of financial products and services, including retirement, asset management and insurance. Its segments include Retirement and Income Solutions; Principal Global Investors, Principal International; U.S. Insurance Solutions, and Corporate.

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

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