4,801 Shares in Principal Financial Group, Inc. (NYSE:PFG) Purchased by Teza Capital Management LLC

Teza Capital Management LLC acquired a new stake in Principal Financial Group, Inc. (NYSE:PFG) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,801 shares of the company’s stock, valued at approximately $372,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Geode Capital Management LLC raised its holdings in Principal Financial Group by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 5,466,587 shares of the company’s stock valued at $422,074,000 after buying an additional 52,410 shares during the period. Northern Trust Corp raised its holdings in Principal Financial Group by 9.8% in the 4th quarter. Northern Trust Corp now owns 3,662,918 shares of the company’s stock valued at $283,546,000 after buying an additional 326,604 shares during the period. Norges Bank purchased a new stake in Principal Financial Group in the 4th quarter valued at about $217,021,000. JPMorgan Chase & Co. raised its holdings in Principal Financial Group by 5.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,462,562 shares of the company’s stock valued at $211,534,000 after buying an additional 118,722 shares during the period. Finally, Deutsche Bank AG raised its holdings in Principal Financial Group by 73.5% in the 4th quarter. Deutsche Bank AG now owns 1,482,053 shares of the company’s stock valued at $114,726,000 after buying an additional 627,865 shares during the period. 75.08% of the stock is currently owned by hedge funds and other institutional investors.

Principal Financial Group Stock Down 0.9%

PFG stock opened at $80.53 on Wednesday. The company’s 50 day moving average price is $78.06 and its 200 day moving average price is $81.07. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.30 and a current ratio of 0.29. Principal Financial Group, Inc. has a fifty-two week low of $68.39 and a fifty-two week high of $91.98. The firm has a market capitalization of $18.05 billion, a price-to-earnings ratio of 12.06, a PEG ratio of 0.76 and a beta of 1.01.

Principal Financial Group (NYSE:PFG) last released its earnings results on Monday, April 28th. The company reported $1.81 earnings per share for the quarter, missing analysts’ consensus estimates of $1.83 by ($0.02). Principal Financial Group had a return on equity of 14.68% and a net margin of 9.74%. During the same quarter in the previous year, the business earned $1.65 EPS. On average, equities research analysts anticipate that Principal Financial Group, Inc. will post 8.5 EPS for the current fiscal year.

Principal Financial Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Monday, June 2nd will be paid a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 3.77%. This is a positive change from Principal Financial Group’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Monday, June 2nd. Principal Financial Group’s dividend payout ratio is presently 65.10%.

Analyst Upgrades and Downgrades

PFG has been the topic of several research analyst reports. UBS Group reduced their price objective on shares of Principal Financial Group from $93.00 to $80.00 and set a “neutral” rating on the stock in a report on Tuesday, April 29th. Piper Sandler boosted their price objective on shares of Principal Financial Group from $93.00 to $95.00 and gave the company an “overweight” rating in a report on Wednesday, April 2nd. Morgan Stanley boosted their price target on shares of Principal Financial Group from $67.00 to $71.00 and gave the stock an “underweight” rating in a research note on Monday. Wells Fargo & Company boosted their price target on shares of Principal Financial Group from $68.00 to $69.00 and gave the stock an “underweight” rating in a research note on Tuesday, April 29th. Finally, BMO Capital Markets began coverage on shares of Principal Financial Group in a research note on Thursday, January 23rd. They set a “market perform” rating and a $93.00 price target on the stock. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $83.85.

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.