UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $143.23 Million Stock Holdings in Principal Financial Group, Inc. (NYSE:PFG)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its stake in shares of Principal Financial Group, Inc. (NYSE:PFG - Free Report) by 0.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,667,361 shares of the company's stock after selling 11,982 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.73% of Principal Financial Group worth $143,226,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. EdgeRock Capital LLC bought a new position in shares of Principal Financial Group in the 2nd quarter worth about $26,000. Strategic Financial Concepts LLC acquired a new stake in Principal Financial Group in the second quarter worth $32,000. Family Firm Inc. bought a new stake in Principal Financial Group in the second quarter valued at $33,000. Peterson Financial Group Inc. acquired a new position in shares of Principal Financial Group during the third quarter valued at $33,000. Finally, Innealta Capital LLC bought a new position in shares of Principal Financial Group during the second quarter worth about $43,000. Institutional investors own 75.08% of the company's stock.

Principal Financial Group Price Performance

Shares of PFG traded down $0.93 during trading hours on Monday, hitting $85.42. 1,041,549 shares of the company were exchanged, compared to its average volume of 1,138,715. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.30 and a quick ratio of 0.30. The company has a market capitalization of $19.54 billion, a PE ratio of -94.91, a PEG ratio of 1.01 and a beta of 1.20. The firm has a fifty day simple moving average of $86.41 and a 200-day simple moving average of $82.45. Principal Financial Group, Inc. has a one year low of $72.21 and a one year high of $91.97.

Principal Financial Group (NYSE:PFG - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The company reported $1.76 earnings per share for the quarter, missing analysts' consensus estimates of $2.02 by ($0.26). Principal Financial Group had a positive return on equity of 14.67% and a negative net margin of 1.47%. The company had revenue of $3.01 billion during the quarter, compared to analysts' expectations of $3.92 billion. During the same period in the prior year, the business posted $1.72 EPS. As a group, sell-side analysts predict that Principal Financial Group, Inc. will post 7.04 earnings per share for the current year.

Principal Financial Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Monday, December 2nd will be paid a $0.73 dividend. This is a positive change from Principal Financial Group's previous quarterly dividend of $0.72. The ex-dividend date is Monday, December 2nd. This represents a $2.92 dividend on an annualized basis and a yield of 3.42%. Principal Financial Group's dividend payout ratio (DPR) is currently -324.44%.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Piper Sandler boosted their target price on shares of Principal Financial Group from $85.00 to $90.00 and gave the company a "neutral" rating in a research note on Wednesday, October 2nd. Barclays boosted their target price on shares of Principal Financial Group from $75.00 to $77.00 and gave the company an "underweight" rating in a research note on Friday, October 25th. Bank of America reduced their target price on shares of Principal Financial Group from $94.00 to $91.00 and set a "neutral" rating for the company in a research note on Thursday, October 10th. 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. Finally, Royal Bank of Canada boosted their target price on shares of Principal Financial Group from $87.00 to $91.00 and gave the company a "sector perform" rating in a research note on Tuesday, November 19th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $85.92.

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.