APG Asset Management N.V. Takes $9.49 Million Position in Principal Financial Group, Inc. (NYSE:PFG)

APG Asset Management N.V. acquired a new stake in Principal Financial Group, Inc. (NYSE:PFG - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 127,000 shares of the company's stock, valued at approximately $9,494,000. APG Asset Management N.V. owned about 0.06% of Principal Financial Group at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Integrated Wealth Concepts LLC bought a new stake in shares of Principal Financial Group during the third quarter valued at approximately $212,000. Kovitz Investment Group Partners LLC bought a new position in Principal Financial Group during the third quarter worth $619,000. Orion Portfolio Solutions LLC acquired a new stake in Principal Financial Group in the 3rd quarter worth about $240,000. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Principal Financial Group by 0.6% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 100,935 shares of the company's stock worth $8,670,000 after acquiring an additional 598 shares during the period. Finally, Barclays PLC increased its position in Principal Financial Group by 12.3% during the 3rd quarter. Barclays PLC now owns 806,672 shares of the company's stock worth $69,293,000 after purchasing an additional 88,179 shares in the last quarter. Institutional investors and hedge funds own 75.08% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on PFG shares. BMO Capital Markets initiated coverage on shares of Principal Financial Group in a research note on Thursday, January 23rd. They set a "market perform" rating and a $93.00 price target for the company. Piper Sandler lifted their price objective on Principal Financial Group from $93.00 to $95.00 and gave the company an "overweight" rating in a research report on Wednesday, April 2nd. UBS Group upped their price objective on Principal Financial Group from $87.00 to $93.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 2nd. Wells Fargo & Company cut their target price on Principal Financial Group from $74.00 to $68.00 and set an "underweight" rating on the stock in a research note on Thursday, April 10th. Finally, Morgan Stanley reduced their target price on Principal Financial Group from $77.00 to $65.00 and set an "underweight" rating for the company in a research note on Thursday, April 10th. 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. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $84.69.

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Principal Financial Group Trading Down 0.4 %

PFG traded down $0.32 during midday trading on Wednesday, reaching $72.77. 362,871 shares of the company's stock traded hands, compared to its average volume of 1,263,976. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.29 and a quick ratio of 0.30. The firm has a fifty day moving average of $82.51 and a two-hundred day moving average of $82.90. The stock has a market capitalization of $16.37 billion, a price-to-earnings ratio of 10.89, a P/E/G ratio of 0.76 and a beta of 1.01. Principal Financial Group, Inc. has a 52 week low of $68.39 and a 52 week high of $91.98.

Principal Financial Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Wednesday, March 12th were given a $0.75 dividend. The ex-dividend date was Wednesday, March 12th. 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 yield of 4.12%. Principal Financial Group's dividend payout ratio (DPR) is currently 44.91%.

Principal Financial Group 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.