Commonwealth Equity Services LLC Has $2.80 Million Stock Holdings in Principal Financial Group Inc (NYSE:PFG)

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Commonwealth Equity Services LLC decreased its stake in Principal Financial Group Inc (NYSE:PFG) by 13.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 48,929 shares of the financial services provider’s stock after selling 7,878 shares during the period. Commonwealth Equity Services LLC’s holdings in Principal Financial Group were worth $2,795,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Strs Ohio grew its stake in Principal Financial Group by 390.3% during the second quarter. Strs Ohio now owns 18,035 shares of the financial services provider’s stock worth $1,044,000 after purchasing an additional 14,357 shares during the period. Migdal Insurance & Financial Holdings Ltd. grew its stake in Principal Financial Group by 35.7% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,830 shares of the financial services provider’s stock worth $164,000 after purchasing an additional 745 shares during the period. US Bancorp DE grew its stake in Principal Financial Group by 12.6% during the second quarter. US Bancorp DE now owns 83,383 shares of the financial services provider’s stock worth $4,829,000 after purchasing an additional 9,324 shares during the period. BNP Paribas Arbitrage SA grew its stake in Principal Financial Group by 9.9% during the second quarter. BNP Paribas Arbitrage SA now owns 145,592 shares of the financial services provider’s stock worth $8,433,000 after purchasing an additional 13,114 shares during the period. Finally, CWM LLC grew its stake in Principal Financial Group by 73.6% during the second quarter. CWM LLC now owns 1,222 shares of the financial services provider’s stock worth $71,000 after purchasing an additional 518 shares during the period. 68.64% of the stock is owned by institutional investors.

In other Principal Financial Group news, EVP Julia M. Lawler sold 1,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $52.95, for a total value of $52,950.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last quarter, insiders sold 3,000 shares of company stock worth $164,450. Corporate insiders own 1.50% of the company’s stock.

Shares of NYSE:PFG opened at $55.30 on Friday. The business’s 50 day simple moving average is $55.52 and its two-hundred day simple moving average is $55.84. Principal Financial Group Inc has a 52-week low of $40.42 and a 52-week high of $60.81.

Principal Financial Group (NYSE:PFG) last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.46 by ($0.23). During the same period last year, the company posted $1.67 earnings per share.

Several equities research analysts recently commented on the company. UBS Group decreased their target price on Principal Financial Group from $49.00 to $48.00 and set a “sell” rating for the company in a research note on Thursday, October 10th. Barclays set a $66.00 target price on Principal Financial Group and gave the stock a “buy” rating in a research note on Monday, August 12th. Finally, Morgan Stanley set a $56.00 target price on Principal Financial Group and gave the stock a “hold” rating in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. Principal Financial Group currently has an average rating of “Hold” and a consensus price target of $56.17.

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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