Yousif Capital Management LLC Sells 10,183 Shares of Principal Financial Group, Inc. (NYSE:PFG)

Yousif Capital Management LLC reduced its position in Principal Financial Group, Inc. (NYSE:PFG - Free Report) by 25.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,485 shares of the company's stock after selling 10,183 shares during the quarter. Yousif Capital Management LLC's holdings in Principal Financial Group were worth $2,282,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the company. Greenwood Capital Associates LLC increased its position in Principal Financial Group by 1.3% in the fourth quarter. Greenwood Capital Associates LLC now owns 17,578 shares of the company's stock worth $1,361,000 after buying an additional 219 shares during the last quarter. E. Ohman J or Asset Management AB increased its position in Principal Financial Group by 22.5% in the fourth quarter. E. Ohman J or Asset Management AB now owns 10,900 shares of the company's stock worth $844,000 after buying an additional 2,000 shares during the last quarter. Columbus Macro LLC increased its position in Principal Financial Group by 46.7% in the fourth quarter. Columbus Macro LLC now owns 25,653 shares of the company's stock worth $1,986,000 after buying an additional 8,169 shares during the last quarter. CENTRAL TRUST Co increased its position in Principal Financial Group by 9.6% in the fourth quarter. CENTRAL TRUST Co now owns 1,730 shares of the company's stock worth $134,000 after buying an additional 151 shares during the last quarter. Finally, Mediolanum International Funds Ltd purchased a new stake in Principal Financial Group in the fourth quarter worth $1,435,000. 75.08% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on PFG shares. JPMorgan Chase & Co. upgraded Principal Financial Group from a "neutral" rating to an "overweight" rating and reduced their price target for the company from $95.00 to $92.00 in a research report on Tuesday, January 7th. BMO Capital Markets started coverage on Principal Financial Group in a research report on Thursday, January 23rd. They issued a "market perform" rating and a $93.00 price target for the company. Royal Bank of Canada reiterated a "sector perform" rating and issued a $91.00 price target on shares of Principal Financial Group in a research report on Thursday, January 16th. Wells Fargo & Company decreased their target price on Principal Financial Group from $75.00 to $69.00 and set an "underweight" rating on the stock in a research note on Tuesday, January 14th. Finally, Keefe, Bruyette & Woods upped their target price on Principal Financial Group from $90.00 to $92.00 and gave the stock a "market perform" rating in a research note on Wednesday. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Principal Financial Group currently has an average rating of "Hold" and a consensus target price of $85.54.

Principal Financial Group Price Performance

Shares of PFG traded down $1.30 during midday trading on Friday, reaching $85.65. The stock had a trading volume of 1,669,765 shares, compared to its average volume of 1,510,735. The company's 50-day moving average is $80.10 and its 200 day moving average is $82.12. Principal Financial Group, Inc. has a 12-month low of $72.21 and a 12-month high of $91.97. 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 company has a market capitalization of $19.59 billion, a price-to-earnings ratio of 12.82, a price-to-earnings-growth ratio of 0.79 and a beta of 1.22.

Principal Financial Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Wednesday, March 12th will be issued a $0.75 dividend. This is a boost from Principal Financial Group's previous quarterly dividend of $0.73. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date is Wednesday, March 12th. Principal Financial Group's dividend payout ratio is presently 43.71%.

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.