Principal Financial Group Inc. Sells 32,805 Shares of SoFi Technologies, Inc. $SOFI

Principal Financial Group Inc. decreased its stake in SoFi Technologies, Inc. (NASDAQ:SOFIFree Report) by 12.5% in the third quarter, Holdings Channel.com reports. The firm owned 229,511 shares of the company’s stock after selling 32,805 shares during the period. Principal Financial Group Inc.’s holdings in SoFi Technologies were worth $6,064,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Salomon & Ludwin LLC bought a new stake in SoFi Technologies in the third quarter worth $29,000. SJS Investment Consulting Inc. raised its stake in shares of SoFi Technologies by 840.3% in the third quarter. SJS Investment Consulting Inc. now owns 1,119 shares of the company’s stock valued at $30,000 after acquiring an additional 1,000 shares during the period. ORG Partners LLC lifted its holdings in shares of SoFi Technologies by 230.6% in the 3rd quarter. ORG Partners LLC now owns 1,438 shares of the company’s stock worth $38,000 after acquiring an additional 1,003 shares during the last quarter. Bartlett & CO. Wealth Management LLC boosted its stake in shares of SoFi Technologies by 46.9% during the 3rd quarter. Bartlett & CO. Wealth Management LLC now owns 1,469 shares of the company’s stock worth $39,000 after purchasing an additional 469 shares during the period. Finally, Bfsg LLC grew its holdings in SoFi Technologies by 200.0% during the 3rd quarter. Bfsg LLC now owns 1,500 shares of the company’s stock valued at $40,000 after purchasing an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 38.43% of the company’s stock.

Wall Street Analysts Forecast Growth

SOFI has been the subject of several analyst reports. UBS Group set a $24.50 price objective on shares of SoFi Technologies in a research note on Monday, February 2nd. Citigroup raised their price target on SoFi Technologies from $28.00 to $37.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. JPMorgan Chase & Co. upgraded SoFi Technologies from a “neutral” rating to an “overweight” rating and set a $31.00 price objective for the company in a report on Tuesday, February 3rd. Bank of America started coverage on SoFi Technologies in a research note on Tuesday, January 6th. They issued an “underperform” rating and a $20.50 target price on the stock. Finally, Truist Financial lowered their target price on shares of SoFi Technologies from $31.00 to $28.00 and set a “hold” rating for the company in a research note on Tuesday, November 25th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $26.21.

Check Out Our Latest Research Report on SOFI

SoFi Technologies Price Performance

SOFI opened at $19.61 on Friday. The company has a market capitalization of $23.65 billion, a price-to-earnings ratio of 51.61 and a beta of 2.13. The company has a current ratio of 0.80, a quick ratio of 0.16 and a debt-to-equity ratio of 0.31. SoFi Technologies, Inc. has a 12-month low of $8.60 and a 12-month high of $32.73. The business’s fifty day simple moving average is $25.34 and its 200-day simple moving average is $26.25.

SoFi Technologies (NASDAQ:SOFIGet Free Report) last released its quarterly earnings data on Friday, January 30th. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. SoFi Technologies had a net margin of 13.34% and a return on equity of 6.48%. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $984.75 million. During the same period in the prior year, the firm earned $0.05 earnings per share. The firm’s revenue for the quarter was up 39.6% compared to the same quarter last year. SoFi Technologies has set its Q1 2026 guidance at 0.120- EPS and its FY 2026 guidance at 0.600- EPS. On average, equities research analysts anticipate that SoFi Technologies, Inc. will post 0.26 earnings per share for the current fiscal year.

Insider Transactions at SoFi Technologies

In other SoFi Technologies news, CTO Jeremy Rishel sold 91,837 shares of the stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $26.64, for a total transaction of $2,446,537.68. Following the sale, the chief technology officer owned 794,598 shares of the company’s stock, valued at approximately $21,168,090.72. This trade represents a 10.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Eric Schuppenhauer purchased 5,000 shares of SoFi Technologies stock in a transaction dated Thursday, February 5th. The stock was bought at an average cost of $19.93 per share, with a total value of $99,650.00. Following the completion of the transaction, the executive vice president owned 228,768 shares in the company, valued at approximately $4,559,346.24. This represents a 2.23% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have sold 261,470 shares of company stock worth $6,276,524. Insiders own 2.60% of the company’s stock.

SoFi Technologies Company Profile

(Free Report)

SoFi Technologies, Inc (NASDAQ: SOFI) is a diversified financial services company that provides consumer-focused lending, banking, investing and financial technology products. The company’s core offerings include student loan refinancing and private student loans, personal loans, mortgage lending, and credit card products. In addition to credit and lending, SoFi operates consumer-facing deposit and cash management accounts, an investing and trading platform, and an insurance marketplace through partner relationships, all designed to serve individuals seeking an integrated digital financial experience.

SoFi has grown beyond direct-to-consumer lending by building technology and infrastructure capabilities.

Further Reading

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Institutional Ownership by Quarter for SoFi Technologies (NASDAQ:SOFI)

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