Bfsg LLC Sells 446 Shares of Principal Financial Group, Inc. (NYSE:PFG)

Bfsg LLC trimmed its position in Principal Financial Group, Inc. (NYSE:PFG) by 43.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 573 shares of the company’s stock after selling 446 shares during the period. Bfsg LLC’s holdings in Principal Financial Group were worth $44,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Metis Global Partners LLC grew its holdings in Principal Financial Group by 5.0% in the third quarter. Metis Global Partners LLC now owns 11,230 shares of the company’s stock worth $965,000 after purchasing an additional 533 shares during the period. Sanctuary Advisors LLC boosted its position in shares of Principal Financial Group by 66.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 24,932 shares of the company’s stock worth $2,137,000 after purchasing an additional 9,933 shares in the last quarter. Legacy Financial Group LLC purchased a new stake in shares of Principal Financial Group in the 4th quarter worth approximately $771,000. Columbus Macro LLC increased its position in Principal Financial Group by 46.7% during the 4th quarter. Columbus Macro LLC now owns 25,653 shares of the company’s stock valued at $1,986,000 after buying an additional 8,169 shares in the last quarter. Finally, Lecap Asset Management Ltd. raised its stake in Principal Financial Group by 135.6% during the fourth quarter. Lecap Asset Management Ltd. now owns 22,469 shares of the company’s stock valued at $1,739,000 after buying an additional 12,933 shares during the last quarter. 75.08% of the stock is currently owned by institutional investors.

Principal Financial Group Stock Performance

PFG stock opened at $86.19 on Thursday. The company has a market cap of $19.71 billion, a P/E ratio of 12.90, a price-to-earnings-growth ratio of 0.75 and a beta of 1.22. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.26 and a quick ratio of 0.30. Principal Financial Group, Inc. has a 1 year low of $72.21 and a 1 year high of $91.97. The stock’s fifty day moving average price is $80.43 and its 200-day moving average price is $82.31.

Principal Financial Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Wednesday, March 12th will be paid a dividend of $0.75 per share. This is an increase from Principal Financial Group’s previous quarterly dividend of $0.73. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date of this dividend is Wednesday, March 12th. Principal Financial Group’s payout ratio is currently 43.71%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on PFG shares. Wells Fargo & Company increased their target price on Principal Financial Group from $69.00 to $74.00 and gave the stock an “underweight” rating in a research note on Wednesday. Royal Bank of Canada restated a “sector perform” rating and set a $91.00 price objective on shares of Principal Financial Group in a research note on Thursday, January 16th. Barclays lifted their target price on shares of Principal Financial Group from $77.00 to $80.00 and gave the stock an “underweight” rating in a report on Friday, February 7th. JPMorgan Chase & Co. raised shares of Principal Financial Group from a “neutral” rating to an “overweight” rating and reduced their price target for the company from $95.00 to $92.00 in a research report on Tuesday, January 7th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Principal Financial Group from $90.00 to $92.00 and gave the stock a “market perform” rating in a report on Wednesday, February 12th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Principal Financial Group presently has an average rating of “Hold” and an average price target of $85.92.

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 Asset Management, and Benefits and Protection segments. The Retirement and Income Solutions segment provides retirement, and related financial products and services.