Principal Financial Group, Inc. (NYSE:PFG) Shares Sold by Dakota Wealth Management

Dakota Wealth Management decreased its stake in Principal Financial Group, Inc. (NYSE:PFG) by 4.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,270 shares of the company’s stock after selling 1,281 shares during the quarter. Dakota Wealth Management’s holdings in Principal Financial Group were worth $2,343,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

Several brokerages have issued reports on PFG. Morgan Stanley reaffirmed 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 shares of Principal Financial Group from a “neutral” rating to an “overweight” rating and set a $90.00 price objective for the company in a research note on Wednesday, December 18th. Royal Bank of Canada reissued a “sector perform” rating and issued a $91.00 target price on shares of Principal Financial Group in a research note on Thursday, January 16th. JPMorgan Chase & Co. upgraded Principal Financial Group from a “neutral” rating to an “overweight” rating and dropped their price target for the company from $95.00 to $92.00 in a research report on Tuesday, January 7th. Finally, Barclays lifted their price objective on Principal Financial Group from $75.00 to $77.00 and gave the stock an “underweight” rating in a research report on Friday, October 25th. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $84.25.

Principal Financial Group Stock Down 1.1 %

Shares of PFG opened at $81.66 on Thursday. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.35. The firm has a market cap of $18.68 billion, a P/E ratio of 12.02, a price-to-earnings-growth ratio of 0.81 and a beta of 1.22. The company’s 50-day moving average price is $81.15 and its 200 day moving average price is $82.25. Principal Financial Group, Inc. has a 12-month low of $72.21 and a 12-month high of $91.97.

Principal Financial Group (NYSE:PFG) last issued its quarterly earnings data on Thursday, October 24th. The company reported $1.76 EPS for the quarter, missing the consensus estimate of $2.02 by ($0.26). Principal Financial Group had a positive return on equity of 14.67% and a negative net margin of 1.47%. The company had revenue of $3.01 billion during the quarter, compared to analyst estimates of $3.92 billion. During the same quarter in the prior year, the company posted $1.72 earnings per share. On average, sell-side analysts forecast that Principal Financial Group, Inc. will post 7.01 earnings per share for the current year.

About Principal Financial Group

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.