Sanctuary Advisors LLC Has $2.14 Million Holdings in Principal Financial Group, Inc. (NYSE:PFG)

Sanctuary Advisors LLC increased its position in shares of Principal Financial Group, Inc. (NYSE:PFG - Free Report) by 66.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,932 shares of the company's stock after acquiring an additional 9,933 shares during the period. Sanctuary Advisors LLC's holdings in Principal Financial Group were worth $2,137,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PFG. My Legacy Advisors LLC acquired a new stake in shares of Principal Financial Group during the 2nd quarter valued at $427,000. Oldfather Financial Services LLC acquired a new stake in Principal Financial Group during the 2nd quarter valued at $268,000. Family Firm Inc. purchased a new stake in shares of Principal Financial Group in the second quarter valued at $33,000. EdgeRock Capital LLC acquired a new stake in shares of Principal Financial Group in the second quarter worth $26,000. Finally, AMG National Trust Bank grew its holdings in shares of Principal Financial Group by 20.1% during the second quarter. AMG National Trust Bank now owns 120,797 shares of the company's stock valued at $9,477,000 after buying an additional 20,219 shares in the last quarter. 75.08% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Barclays increased their price objective on Principal Financial Group from $75.00 to $77.00 and gave the stock an "underweight" rating in a research note on Friday, October 25th. Morgan Stanley reissued an "underweight" rating and issued a $80.00 price target (down from $86.00) on shares of Principal Financial Group in a research report on Thursday, December 5th. Bank of America lowered their price objective on shares of Principal Financial Group from $94.00 to $91.00 and set a "neutral" rating on the stock in a research report on Thursday, October 10th. Wells Fargo & Company reiterated an "underweight" rating and issued a $75.00 target price (down previously from $84.00) on shares of Principal Financial Group in a research report on Wednesday, December 11th. Finally, Royal Bank of Canada boosted their price target on shares of Principal Financial Group from $87.00 to $91.00 and gave the company a "sector perform" rating in a report on Tuesday, November 19th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Principal Financial Group has a consensus rating of "Hold" and a consensus price target of $84.75.

Principal Financial Group Stock Performance

Shares of NYSE:PFG traded up $0.27 during trading on Thursday, reaching $75.18. The stock had a trading volume of 1,686,987 shares, compared to its average volume of 1,151,705. The stock has a fifty day simple moving average of $85.22 and a two-hundred day simple moving average of $82.33. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.35. Principal Financial Group, Inc. has a 52 week low of $72.21 and a 52 week high of $91.97. The firm has a market capitalization of $17.20 billion, a price-to-earnings ratio of -83.53, a P/E/G ratio of 0.92 and a beta of 1.20.

Principal Financial Group (NYSE:PFG - Get Free Report) last announced 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 firm had revenue of $3.01 billion during the quarter, compared to the consensus estimate 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 quarter last year, the business earned $1.72 EPS. As a group, analysts anticipate that Principal Financial Group, Inc. will post 7.03 earnings per share for the current fiscal year.

Principal Financial Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Monday, December 2nd were given a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a dividend yield of 3.88%. The ex-dividend date of this dividend was Monday, December 2nd. This is a boost from Principal Financial Group's previous quarterly dividend of $0.72. Principal Financial Group's payout ratio is currently -324.44%.

Principal Financial Group Company 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.