Fort Washington Investment Advisors Inc. OH Has $29.18 Million Holdings in Principal Financial Group, Inc. (NYSE:PFG)

Fort Washington Investment Advisors Inc. OH trimmed its position in shares of Principal Financial Group, Inc. (NYSE:PFG) by 0.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 371,894 shares of the company’s stock after selling 2,308 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned 0.16% of Principal Financial Group worth $29,175,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of PFG. EdgeRock Capital LLC bought a new position in shares of Principal Financial Group in the second quarter valued at $26,000. Spire Wealth Management boosted its stake in Principal Financial Group by 152.0% during the 4th quarter. Spire Wealth Management now owns 373 shares of the company’s stock valued at $29,000 after purchasing an additional 225 shares during the last quarter. Newbridge Financial Services Group Inc. bought a new stake in Principal Financial Group during the 4th quarter worth approximately $33,000. Family Firm Inc. purchased a new stake in shares of Principal Financial Group in the second quarter worth approximately $33,000. Finally, Riverview Trust Co bought a new position in shares of Principal Financial Group in the first quarter valued at approximately $34,000. Institutional investors and hedge funds own 75.08% of the company’s stock.

Principal Financial Group Stock Performance

Principal Financial Group stock traded up $0.72 during midday trading on Friday, reaching $81.42. The stock had a trading volume of 961,530 shares, compared to its average volume of 1,128,287. The firm has a market capitalization of $19.08 billion, a PE ratio of 15.54, a P/E/G ratio of 0.82 and a beta of 1.21. Principal Financial Group, Inc. has a 12 month low of $66.21 and a 12 month high of $88.26. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.36. The firm’s 50-day moving average price is $79.83 and its 200 day moving average price is $80.84.

Principal Financial Group (NYSE:PFG) last posted its earnings results on Thursday, July 25th. The company reported $1.63 earnings per share for the quarter, missing the consensus estimate of $1.87 by ($0.24). The business had revenue of $4.31 billion during the quarter, compared to analysts’ expectations of $3.78 billion. Principal Financial Group had a return on equity of 14.92% and a net margin of 8.05%. During the same quarter in the previous year, the business earned $1.53 EPS. As a group, research analysts predict that Principal Financial Group, Inc. will post 7.31 earnings per share for the current fiscal year.

Principal Financial Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Thursday, September 5th will be given a dividend of $0.72 per share. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $2.88 annualized dividend and a dividend yield of 3.54%. This is an increase from Principal Financial Group’s previous quarterly dividend of $0.71. Principal Financial Group’s dividend payout ratio is currently 54.96%.

Analyst Ratings Changes

A number of research firms recently commented on PFG. Royal Bank of Canada increased their price target on Principal Financial Group from $83.00 to $87.00 and gave the company a “sector perform” rating in a research report on Monday, July 29th. Raymond James raised shares of Principal Financial Group from a “market perform” rating to a “strong-buy” rating and set a $99.00 price target on the stock in a research report on Tuesday, July 9th. Bank of America upped their price objective on shares of Principal Financial Group from $87.00 to $94.00 and gave the stock a “neutral” rating in a research report on Thursday, July 11th. Citigroup lifted their target price on shares of Principal Financial Group from $68.00 to $70.00 and gave the stock a “sell” rating in a research report on Tuesday, July 23rd. Finally, Jefferies Financial Group upped their target price on Principal Financial Group from $73.00 to $76.00 and gave the company a “hold” rating in a report on Thursday, July 18th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $85.58.

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.