Osmosis Investment Management UK Ltd Invests $1.10 Million in Principal Financial Group, Inc. $PFG

Osmosis Investment Management UK Ltd acquired a new stake in shares of Principal Financial Group, Inc. (NASDAQ:PFG) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 10,236 shares of the company’s stock, valued at approximately $1,103,000.

A number of other large investors have also modified their holdings of PFG. DV Equities LLC bought a new position in Principal Financial Group in the fourth quarter worth $25,000. Hilton Head Capital Partners LLC bought a new stake in Principal Financial Group in the 4th quarter valued at $26,000. Valley Wealth Managers Inc. bought a new stake in Principal Financial Group in the 1st quarter valued at $27,000. MBM Wealth Consultants LLC acquired a new position in shares of Principal Financial Group in the 1st quarter valued at $28,000. Finally, Signature Equity Partners LLC raised its stake in shares of Principal Financial Group by 5,733.3% in the 1st quarter. Signature Equity Partners LLC now owns 350 shares of the company’s stock valued at $32,000 after buying an additional 344 shares in the last quarter. 75.08% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Barclays lifted their target price on shares of Principal Financial Group from $87.00 to $92.00 and gave the company an “underweight” rating in a research report on Tuesday, July 7th. Atlantic Securities set a $94.00 price target on shares of Principal Financial Group in a research report on Wednesday, July 15th. Keefe, Bruyette & Woods raised their price target on shares of Principal Financial Group from $102.00 to $112.00 and gave the stock a “market perform” rating in a research note on Monday, July 13th. Evercore set a $108.00 price objective on Principal Financial Group in a report on Monday, April 27th. Finally, Bank of America upped their price objective on Principal Financial Group from $94.00 to $104.00 and gave the company an “underperform” rating in a research note on Tuesday, July 28th. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $106.67.

Principal Financial Group Stock Up 1.0%

Shares of NASDAQ PFG opened at $111.89 on Tuesday. Principal Financial Group, Inc. has a 52-week low of $77.90 and a 52-week high of $116.61. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.28 and a current ratio of 0.28. The business has a fifty day moving average of $111.70 and a two-hundred day moving average of $101.63. The stock has a market cap of $23.96 billion, a PE ratio of 15.89, a PEG ratio of 1.01 and a beta of 0.87.

Principal Financial Group (NASDAQ:PFG) last posted its earnings results on Monday, July 27th. The company reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.33 by $0.17. The business had revenue of $3.99 billion for the quarter, compared to analyst estimates of $4.11 billion. Principal Financial Group had a net margin of 9.93% and a return on equity of 16.49%. During the same quarter in the prior year, the firm earned $2.16 EPS. As a group, equities research analysts expect that Principal Financial Group, Inc. will post 9.57 earnings per share for the current fiscal year.

Principal Financial Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Thursday, September 3rd will be given a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a yield of 3.0%. This is a boost from Principal Financial Group’s previous quarterly dividend of $0.82. The ex-dividend date is Thursday, September 3rd. Principal Financial Group’s dividend payout ratio (DPR) is presently 46.59%.

About Principal Financial Group

Principal Financial Group (NASDAQ: PFG) is a global financial services company headquartered in Des Moines, Iowa, that provides a range of retirement, investment and insurance solutions to individuals, employers and institutional clients. The firm’s business is organized around retirement services, asset management, and insurance products designed to help clients plan, invest for, and protect income over the long term.

Principal’s product and service offerings include retirement plan recordkeeping and administration for employer-sponsored plans, individual and group retirement annuities, life and disability insurance, employee benefits solutions, and wealth management services.