Harvest Fund Management Co. Ltd Has $56,000 Holdings in Principal Financial Group, Inc. (NYSE:PFG)

Harvest Fund Management Co. Ltd lessened its position in shares of Principal Financial Group, Inc. (NYSE:PFGFree Report) by 72.6% in the third quarter, HoldingsChannel.com reports. The firm owned 775 shares of the company’s stock after selling 2,050 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Principal Financial Group were worth $56,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GHP Investment Advisors Inc. boosted its holdings in shares of Principal Financial Group by 143.0% during the 3rd quarter. GHP Investment Advisors Inc. now owns 384 shares of the company’s stock worth $27,000 after buying an additional 226 shares in the last quarter. ICA Group Wealth Management LLC boosted its holdings in shares of Principal Financial Group by 100.0% during the 1st quarter. ICA Group Wealth Management LLC now owns 400 shares of the company’s stock worth $30,000 after buying an additional 200 shares in the last quarter. Clear Street Markets LLC boosted its holdings in shares of Principal Financial Group by 96.1% during the 1st quarter. Clear Street Markets LLC now owns 449 shares of the company’s stock worth $33,000 after buying an additional 220 shares in the last quarter. Point72 Middle East FZE bought a new position in shares of Principal Financial Group during the 4th quarter worth approximately $39,000. Finally, Authentikos Wealth Advisory LLC bought a new position in shares of Principal Financial Group during the 3rd quarter worth approximately $41,000. 70.68% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

PFG has been the topic of a number of research analyst reports. StockNews.com initiated coverage on Principal Financial Group in a report on Thursday, October 5th. They set a “hold” rating on the stock. Citigroup cut their price target on Principal Financial Group from $64.00 to $62.00 and set a “sell” rating on the stock in a report on Tuesday, October 24th. JPMorgan Chase & Co. cut their target price on Principal Financial Group from $87.00 to $85.00 and set an “underweight” rating on the stock in a report on Friday, October 6th. Barclays cut their target price on Principal Financial Group from $76.00 to $75.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 10th. Finally, Morgan Stanley increased their target price on Principal Financial Group from $71.00 to $72.00 and gave the stock an “underweight” rating in a report on Wednesday, November 15th. Three equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to data from MarketBeat, Principal Financial Group presently has a consensus rating of “Hold” and a consensus target price of $75.00.

View Our Latest Report on Principal Financial Group

Principal Financial Group Trading Up 0.4 %

NYSE PFG opened at $80.75 on Wednesday. The firm has a market capitalization of $19.25 billion, a P/E ratio of 12.51, a PEG ratio of 1.26 and a beta of 1.27. The business has a fifty day simple moving average of $77.55 and a 200 day simple moving average of $75.27. Principal Financial Group, Inc. has a 12 month low of $65.17 and a 12 month high of $93.87. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.37.

Principal Financial Group Company Profile

(Free Report)

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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