Blueshift Asset Management LLC Has $554,000 Holdings in Principal Financial Group, Inc. (NYSE:PFG)

Blueshift Asset Management LLC grew its position in shares of Principal Financial Group, Inc. (NYSE:PFG - Free Report) by 76.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,152 shares of the company's stock after acquiring an additional 3,093 shares during the quarter. Blueshift Asset Management LLC's holdings in Principal Financial Group were worth $554,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. boosted its stake in Principal Financial Group by 5.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,462,562 shares of the company's stock valued at $211,534,000 after purchasing an additional 118,722 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Principal Financial Group by 3.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,448,507 shares of the company's stock worth $112,129,000 after buying an additional 44,818 shares during the period. Amundi grew its holdings in Principal Financial Group by 24.1% in the 4th quarter. Amundi now owns 1,359,779 shares of the company's stock worth $106,511,000 after buying an additional 264,383 shares in the last quarter. Barclays PLC increased its position in Principal Financial Group by 12.3% in the 3rd quarter. Barclays PLC now owns 806,672 shares of the company's stock valued at $69,293,000 after acquiring an additional 88,179 shares during the period. Finally, AustralianSuper Pty Ltd raised its stake in Principal Financial Group by 23.2% during the 4th quarter. AustralianSuper Pty Ltd now owns 665,410 shares of the company's stock valued at $51,509,000 after acquiring an additional 125,198 shares in the last quarter. Institutional investors own 75.08% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on PFG. Morgan Stanley reissued an "underweight" rating and set a $80.00 price target (down from $86.00) on shares of Principal Financial Group in a report on Thursday, December 5th. Barclays raised their target price on shares of Principal Financial Group from $77.00 to $80.00 and gave the company an "underweight" rating in a research note on Friday, February 7th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $91.00 price target on shares of Principal Financial Group in a research note on Thursday, January 16th. JPMorgan Chase & Co. upgraded shares of Principal Financial Group from a "neutral" rating to an "overweight" rating and lowered their price objective for the company from $95.00 to $92.00 in a research note on Tuesday, January 7th. Finally, Wells Fargo & Company boosted their target price on Principal Financial Group from $69.00 to $74.00 and gave the stock an "underweight" rating in a report on Wednesday, February 19th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $85.92.

Principal Financial Group Trading Up 0.5 %

Shares of Principal Financial Group stock traded up $0.42 on Tuesday, reaching $85.67. 1,108,856 shares of the company were exchanged, compared to its average volume of 1,135,240. The company has a current ratio of 0.29, a quick ratio of 0.30 and a debt-to-equity ratio of 0.36. Principal Financial Group, Inc. has a fifty-two week low of $72.21 and a fifty-two week high of $91.98. The firm has a market capitalization of $19.32 billion, a price-to-earnings ratio of 12.82, a price-to-earnings-growth ratio of 0.76 and a beta of 1.17. The stock has a fifty day moving average price of $83.80 and a 200-day moving average price of $83.52.

Principal Financial Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Wednesday, March 12th will be paid a $0.75 dividend. This is a positive change from Principal Financial Group's previous quarterly dividend of $0.73. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $3.00 dividend on an annualized basis and a yield of 3.50%. 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.