Principal Financial Group Inc (PFG) Holdings Decreased by Northwest Wealth Management LLC

Northwest Wealth Management LLC trimmed its stake in shares of Principal Financial Group Inc (NYSE:PFG) by 70.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,691 shares of the financial services provider’s stock after selling 4,005 shares during the quarter. Northwest Wealth Management LLC’s holdings in Principal Financial Group were worth $85,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in PFG. Bank of New York Mellon Corp boosted its holdings in shares of Principal Financial Group by 16.6% during the 4th quarter. Bank of New York Mellon Corp now owns 8,137,409 shares of the financial services provider’s stock worth $359,430,000 after buying an additional 1,155,996 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Principal Financial Group by 15.3% during the 4th quarter. Geode Capital Management LLC now owns 4,149,598 shares of the financial services provider’s stock worth $183,017,000 after buying an additional 550,835 shares in the last quarter. FMR LLC boosted its holdings in shares of Principal Financial Group by 65.1% during the 4th quarter. FMR LLC now owns 4,108,866 shares of the financial services provider’s stock worth $181,489,000 after buying an additional 1,619,568 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Principal Financial Group by 7.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,963,240 shares of the financial services provider’s stock worth $175,047,000 after buying an additional 264,669 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Principal Financial Group during the 4th quarter worth approximately $126,288,000. 68.64% of the stock is owned by hedge funds and other institutional investors.

PFG has been the topic of a number of research reports. Royal Bank of Canada upped their target price on Principal Financial Group to $55.00 and gave the stock a “market perform” rating in a research report on Monday, April 29th. Zacks Investment Research raised Principal Financial Group from a “sell” rating to a “hold” rating and set a $59.00 target price on the stock in a research report on Wednesday, April 3rd. UBS Group upped their target price on Principal Financial Group from $45.00 to $48.00 and gave the stock a “sell” rating in a research report on Tuesday, April 9th. TheStreet raised Principal Financial Group from a “c+” rating to a “b-” rating in a research report on Monday, January 28th. Finally, Goldman Sachs Group lowered Principal Financial Group from a “buy” rating to a “neutral” rating and set a $50.00 target price on the stock. in a research report on Tuesday, January 8th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $58.22.

In related news, EVP Julia M. Lawler sold 1,000 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $50.74, for a total value of $50,740.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 3,000 shares of company stock valued at $160,370 over the last three months. 1.50% of the stock is currently owned by insiders.

NYSE PFG opened at $57.58 on Friday. Principal Financial Group Inc has a 12 month low of $40.42 and a 12 month high of $61.12.

Principal Financial Group (NYSE:PFG) last released its quarterly earnings results on Thursday, April 25th. The financial services provider reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.11. The company had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.66 billion. During the same period in the previous year, the company posted $1.40 earnings per share.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 3rd will be given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date is Friday, May 31st.

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Principal Financial Group Company 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 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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