2 weeks Ago By ABMN Staff
Raymond James Financial Inc. bought a new stake in Principal Financial Group, Inc. ( NYSE:PFG – Free Report ) during the fourth quarter, Holdings Channel reports.
The institutional investor bought 204,385 shares of the company’s stock, valued at approximately $15,821,000. Several other hedge funds also recently modified their holdings of the stock. Curio Wealth LLC purchased a new position in Principal Financial Group during the fourth quarter worth about $29,000.
BankPlus Trust Department purchased a new position in shares of Principal Financial Group in the 4th quarter worth approximately $33,000. Sugarloaf Wealth Management LLC grew its holdings 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 valued at $43,000 after acquiring an additional 195 shares in the last quarter. Golden State Wealth Management LLC purchased a new stake in shares of Principal Financial Group during the fourth quarter valued at approximately $46,000. Finally, Whipplewood Advisors LLC bought a new stake in Principal Financial Group during the fourth quarter worth $54,000.
Hedge funds and other institutional investors own 75.08% of the company’s stock. Principal Financial Group Trading Down 2.
6 % Shares of PFG opened at $70.26 on Tuesday. The company has a debt-to-equity ratio of 0.
36, a current ratio of 0.29 and a quick ratio of 0.30.
Principal Financial Group, Inc. has a 1-year low of $68.39 and a 1-year high of $91.
98. The company has a market capitalization of $15.81 billion, a P/E ratio of 10.
52, a P/E/G ratio of 0.76 and a beta of 1.01.
The firm’s 50 day simple moving average is $81.49 and its 200 day simple moving average is $82.49.
Principal Financial Group Increases Dividend Wall Street Analysts Forecast Growth Several equities research analysts have recently issued reports on PFG shares. Keefe, Bruyette & Woods raised their target price on Principal Financial Group from $90.00 to $92.
00 and gave the company a “market perform” rating in a research report on Wednesday, February 12th. Barclays dropped their target price on shares of Principal Financial Group from $80.00 to $76.
00 and set an “underweight” rating on the stock in a research note on Friday, April 11th. JPMorgan Chase & Co. raised shares of Principal Financial Group from a “neutral” rating to an “overweight” rating and lowered their price target for the stock from $95.
00 to $92.00 in a report on Tuesday, January 7th. Piper Sandler raised their target price on Principal Financial Group from $93.
00 to $95.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 2nd. Finally, Morgan Stanley cut their price target on Principal Financial Group from $77.
00 to $65.00 and set an “underweight” rating for the company in a research note on Thursday, April 10th. Four research analysts have rated the stock with a sell rating, six have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company.
Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $84.69. View Our Latest Report on Principal Financial Group About Principal Financial Group ( 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 Asset Management, and Benefits and Protection segments. The Retirement and Income Solutions segment provides retirement, and related financial products and services. Recommended Stories Want to see what other hedge funds are holding PFG? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Principal Financial Group, Inc. ( NYSE:PFG – Free Report ). Receive News & Ratings for Principal Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Principal Financial Group and related companies with MarketBeat.
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