AMG National Trust Bank Has $9.34 Million Position in Principal Financial Group, Inc. (NYSE:PFG)

AMG National Trust Bank trimmed its position in Principal Financial Group, Inc. (NYSE:PFG - Free Report) by 10.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 108,697 shares of the company's stock after selling 12,100 shares during the period. AMG National Trust Bank's holdings in Principal Financial Group were worth $9,337,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of PFG. Sei Investments Co. increased its holdings in shares of Principal Financial Group by 59.4% in the first quarter. Sei Investments Co. now owns 24,275 shares of the company's stock valued at $2,095,000 after buying an additional 9,048 shares in the last quarter. Blair William & Co. IL raised its stake in Principal Financial Group by 7.5% during the 1st quarter. Blair William & Co. IL now owns 4,905 shares of the company's stock valued at $423,000 after purchasing an additional 342 shares during the period. Acadian Asset Management LLC raised its stake in Principal Financial Group by 10.0% during the 1st quarter. Acadian Asset Management LLC now owns 70,380 shares of the company's stock valued at $6,071,000 after purchasing an additional 6,375 shares during the period. Jacobi Capital Management LLC raised its stake in Principal Financial Group by 3.1% during the 1st quarter. Jacobi Capital Management LLC now owns 5,301 shares of the company's stock valued at $458,000 after purchasing an additional 160 shares during the period. Finally, Hillsdale Investment Management Inc. acquired a new stake in Principal Financial Group during the 1st quarter valued at $618,000. Institutional investors own 75.08% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on PFG shares. Citigroup boosted their target price on shares of Principal Financial Group from $68.00 to $70.00 and gave the company a "sell" rating in a research note on Tuesday, July 23rd. Morgan Stanley cut their target price on shares of Principal Financial Group from $85.00 to $83.00 and set an "equal weight" rating on the stock in a research note on Monday, August 19th. Wells Fargo & Company boosted their target price on shares of Principal Financial Group from $85.00 to $86.00 and gave the company an "equal weight" rating in a research note on Thursday, October 10th. Royal Bank of Canada increased their price objective on Principal Financial Group from $83.00 to $87.00 and gave the stock a "sector perform" rating in a report on Monday, July 29th. Finally, Barclays increased their price objective on Principal Financial Group from $75.00 to $77.00 and gave the stock an "underweight" rating in a report on Friday, October 25th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $85.58.

Principal Financial Group Stock Down 0.6 %

Principal Financial Group stock traded down $0.49 during mid-day trading on Monday, hitting $86.07. 958,123 shares of the company's stock were exchanged, compared to its average volume of 1,142,547. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.35. The stock has a market cap of $19.69 billion, a P/E ratio of -95.63, a P/E/G ratio of 1.00 and a beta of 1.20. Principal Financial Group, Inc. has a 1-year low of $71.39 and a 1-year high of $91.97. The stock has a 50 day moving average of $85.74 and a two-hundred day moving average of $82.27.

Principal Financial Group (NYSE:PFG - Get Free Report) last posted its earnings results on Thursday, October 24th. The company reported $1.76 EPS for the quarter, missing the consensus estimate of $2.02 by ($0.26). The business had revenue of $3.01 billion for the quarter, compared to analyst estimates of $3.92 billion. Principal Financial Group had a positive return on equity of 14.67% and a negative net margin of 1.47%. During the same period in the previous year, the company earned $1.72 earnings per share. As a group, analysts anticipate that Principal Financial Group, Inc. will post 7.09 EPS for the current fiscal year.

Principal Financial Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Monday, December 2nd will be given a $0.73 dividend. This is an increase from Principal Financial Group's previous quarterly dividend of $0.72. This represents a $2.92 annualized dividend and a dividend yield of 3.39%. The ex-dividend date is Monday, December 2nd. Principal Financial Group's dividend payout ratio (DPR) is currently -324.44%.

About Principal Financial Group

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.