Yousif Capital Management LLC Sells 466 Shares of Principal Financial Group, Inc. $PFG

Yousif Capital Management LLC lessened its holdings in shares of Principal Financial Group, Inc. (NYSE:PFG) by 1.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,241 shares of the company’s stock after selling 466 shares during the period. Yousif Capital Management LLC’s holdings in Principal Financial Group were worth $2,243,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Geneos Wealth Management Inc. grew its position in Principal Financial Group by 7.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,889 shares of the company’s stock valued at $159,000 after purchasing an additional 134 shares during the last quarter. Federation des caisses Desjardins du Quebec grew its holdings in shares of Principal Financial Group by 0.5% during the first quarter. Federation des caisses Desjardins du Quebec now owns 27,536 shares of the company’s stock valued at $2,323,000 after buying an additional 139 shares during the last quarter. Stratos Wealth Partners LTD. increased its position in shares of Principal Financial Group by 3.9% during the first quarter. Stratos Wealth Partners LTD. now owns 3,826 shares of the company’s stock valued at $323,000 after acquiring an additional 144 shares in the last quarter. Raiffeisen Bank International AG raised its holdings in Principal Financial Group by 12.6% in the 1st quarter. Raiffeisen Bank International AG now owns 1,380 shares of the company’s stock worth $115,000 after acquiring an additional 154 shares during the last quarter. Finally, Gentry Private Wealth LLC lifted its position in Principal Financial Group by 2.2% in the 2nd quarter. Gentry Private Wealth LLC now owns 7,099 shares of the company’s stock valued at $564,000 after acquiring an additional 156 shares in the last quarter. Institutional investors own 75.08% of the company’s stock.

Principal Financial Group Trading Up 0.3%

Shares of PFG stock opened at $78.63 on Friday. The firm has a fifty day moving average price of $80.73 and a 200-day moving average price of $78.47. The company has a market cap of $17.52 billion, a price-to-earnings ratio of 11.77, a PEG ratio of 0.76 and a beta of 1.03. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.29 and a quick ratio of 0.30. Principal Financial Group, Inc. has a 1 year low of $68.39 and a 1 year high of $91.40.

Principal Financial Group (NYSE:PFG) last announced its quarterly earnings data on Monday, July 28th. The company reported $2.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.97 by $0.19. Principal Financial Group had a return on equity of 14.68% and a net margin of 9.74%.During the same quarter in the prior year, the firm posted $1.63 earnings per share. As a group, equities analysts predict that Principal Financial Group, Inc. will post 8.5 earnings per share for the current year.

Principal Financial Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Thursday, September 4th were paid a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 4.0%. The ex-dividend date was Thursday, September 4th. This is a positive change from Principal Financial Group’s previous quarterly dividend of $0.76. Principal Financial Group’s dividend payout ratio is currently 62.78%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Morgan Stanley lifted their price objective on Principal Financial Group from $77.00 to $80.00 and gave the stock an “underweight” rating in a report on Tuesday, October 7th. Wells Fargo & Company boosted their price objective on shares of Principal Financial Group from $72.00 to $73.00 and gave the company an “underweight” rating in a report on Wednesday, October 8th. Keefe, Bruyette & Woods lifted their target price on shares of Principal Financial Group from $88.00 to $90.00 and gave the stock a “market perform” rating in a research report on Thursday, October 9th. Evercore ISI lifted their target price on shares of Principal Financial Group from $92.00 to $94.00 and gave the stock an “in-line” rating in a research report on Thursday, October 9th. Finally, JPMorgan Chase & Co. boosted their price target on Principal Financial Group from $92.00 to $101.00 and gave the company an “overweight” rating in a research note on Tuesday, July 8th. Two equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $88.60.

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.