Empowered Funds LLC Acquires Shares of 65,915 Principal Financial Group, Inc. $PFG

Posted by Brenda Bartman on Aug 31st, 2026

Empowered Funds LLC acquired a new stake in shares of Principal Financial Group, Inc. (NASDAQ:PFG – Free Report) in the second quarter, HoldingsChannel.com reports. The fund acquired 65,915 shares of the company’s stock, valued at approximately $7,104,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. DV Equities LLC bought a new stake in Principal Financial Group during the 4th quarter valued at $25,000. Hilton Head Capital Partners LLC bought a new stake in Principal Financial Group in the 4th quarter worth $26,000. Valley Wealth Managers Inc. purchased a new position in shares of Principal Financial Group in the first quarter valued at about $27,000. Ancora Advisors LLC purchased a new position in shares of Principal Financial Group in the second quarter valued at about $27,000. Finally, MBM Wealth Consultants LLC bought a new position in shares of Principal Financial Group during the first quarter valued at about $28,000. Institutional investors own 75.08% of the company’s stock.

Analyst Ratings Changes

PFG has been the subject of a number of analyst reports. Keefe, Bruyette & Woods increased their target price on shares of Principal Financial Group from $102.00 to $112.00 and gave the stock a “market perform” rating in a report on Monday, July 13th. Atlantic Securities set a $94.00 price target on Principal Financial Group in a report on Wednesday, July 15th. Weiss Ratings raised Principal Financial Group from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, August 12th. Wells Fargo & Company dropped their price objective on Principal Financial Group from $114.00 to $113.00 and set an “equal weight” rating for the company in a report on Wednesday, July 22nd. Finally, Bank of America lifted their price objective on Principal Financial Group from $94.00 to $104.00 and gave the stock an “underperform” rating in a research report on Tuesday, July 28th. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $106.67.

View Our Latest Research Report on Principal Financial Group

Principal Financial Group Price Performance

Shares of PFG opened at $111.41 on Monday. Principal Financial Group, Inc. has a fifty-two week low of $77.90 and a fifty-two week high of $116.61. The firm’s 50-day simple moving average is $111.84 and its two-hundred day simple moving average is $102.07. The stock has a market cap of $23.85 billion, a PE ratio of 15.83, a price-to-earnings-growth ratio of 1.01 and a beta of 0.87. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.28 and a current ratio of 0.28.

Principal Financial Group (NASDAQ:PFG – Get Free Report) last released its earnings results on Monday, July 27th. The company reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.33 by $0.17. The firm had revenue of $3.99 billion during the quarter, compared to analyst estimates of $4.11 billion. Principal Financial Group had a net margin of 9.93% and a return on equity of 16.49%. During the same period last year, the business earned $2.16 earnings per share. Analysts anticipate that Principal Financial Group, Inc. will post 9.62 earnings per share for the current fiscal year.

Principal Financial Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Thursday, September 3rd will be paid a dividend of $0.84 per share. The ex-dividend date is Thursday, September 3rd. This is a positive change from Principal Financial Group’s previous quarterly dividend of $0.82. This represents a $3.36 dividend on an annualized basis and a yield of 3.0%. Principal Financial Group’s dividend payout ratio (DPR) is presently 46.59%.

Principal Financial Group Profile

(Free Report)

Principal Financial Group (NASDAQ: PFG) is a global financial services company headquartered in Des Moines, Iowa, that provides a range of retirement, investment and insurance solutions to individuals, employers and institutional clients. The firm’s business is organized around retirement services, asset management, and insurance products designed to help clients plan, invest for, and protect income over the long term.

Principal’s product and service offerings include retirement plan recordkeeping and administration for employer-sponsored plans, individual and group retirement annuities, life and disability insurance, employee benefits solutions, and wealth management services.