Hsbc Holdings PLC Trims Stock Position in Principal Financial Group, Inc. $PFG

Posted by Stanley Muller on Jul 20th, 2026

Hsbc Holdings PLC cut its holdings in Principal Financial Group, Inc. (NASDAQ:PFG – Free Report) by 3.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 780,743 shares of the company’s stock after selling 31,321 shares during the quarter. Hsbc Holdings PLC’s holdings in Principal Financial Group were worth $70,390,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of PFG. Norges Bank acquired a new position in shares of Principal Financial Group during the 4th quarter worth approximately $273,276,000. AQR Capital Management LLC grew its holdings in Principal Financial Group by 112.8% during the 4th quarter. AQR Capital Management LLC now owns 2,348,233 shares of the company’s stock valued at $207,138,000 after buying an additional 1,244,668 shares during the last quarter. Bank of America Corp DE increased its position in Principal Financial Group by 9.6% during the second quarter. Bank of America Corp DE now owns 12,370,852 shares of the company’s stock worth $982,617,000 after buying an additional 1,083,991 shares in the last quarter. UBS Group AG raised its holdings in shares of Principal Financial Group by 62.3% in the third quarter. UBS Group AG now owns 2,023,880 shares of the company’s stock worth $167,800,000 after acquiring an additional 776,997 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Principal Financial Group by 23.2% in the third quarter. Invesco Ltd. now owns 3,376,797 shares of the company’s stock worth $279,970,000 after acquiring an additional 636,334 shares during the last quarter. 75.08% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on PFG. Evercore set a $108.00 price objective on Principal Financial Group in a research report on Monday, April 27th. Piper Sandler boosted their target price on shares of Principal Financial Group from $113.00 to $125.00 and gave the company an “overweight” rating in a research note on Wednesday, June 24th. Jefferies Financial Group upped their target price on shares of Principal Financial Group from $91.00 to $98.00 and gave the company a “hold” rating in a report on Friday, July 10th. Weiss Ratings cut shares of Principal Financial Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, May 1st. Finally, Raymond James Financial downgraded shares of Principal Financial Group from a “strong-buy” rating to an “outperform” rating and lifted their price target for the stock from $99.00 to $111.00 in a report on Tuesday, May 19th. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $104.83.

View Our Latest Research Report on PFG

Principal Financial Group Price Performance

Shares of NASDAQ:PFG opened at $113.95 on Monday. The company has a market cap of $24.61 billion, a P/E ratio of 16.30, a P/E/G ratio of 1.10 and a beta of 0.88. The business has a fifty day simple moving average of $107.26 and a 200-day simple moving average of $97.71. Principal Financial Group, Inc. has a 52 week low of $75.00 and a 52 week high of $114.90. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.33.

Principal Financial Group (NASDAQ:PFG – Get Free Report) last released its earnings results on Wednesday, April 29th. The company reported $2.07 earnings per share for the quarter, topping the consensus estimate of $2.01 by $0.06. Principal Financial Group had a return on equity of 16.25% and a net margin of 10.10%.The firm had revenue of $3.53 billion for the quarter, compared to the consensus estimate of $4.11 billion. During the same period in the prior year, the business posted $1.81 earnings per share. Equities research analysts forecast that Principal Financial Group, Inc. will post 9.4 EPS for the current year.

Principal Financial Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 1st were issued a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Monday, June 1st. This is an increase from Principal Financial Group’s previous quarterly dividend of $0.80. Principal Financial Group’s payout ratio is currently 46.92%.

Insider Activity at Principal Financial Group

In related news, General Counsel George Djurasovic sold 2,571 shares of the business’s stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $100.83, for a total value of $259,233.93. Following the completion of the sale, the general counsel directly owned 21,906 shares in the company, valued at approximately $2,208,781.98. The trade was a 10.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Wee Yee Cheong sold 7,534 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $103.16, for a total transaction of $777,207.44. Following the transaction, the insider directly owned 66,443 shares of the company’s stock, valued at $6,854,259.88. This trade represents a 10.18% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 28,317 shares of company stock worth $2,884,902 over the last three months. Corporate insiders own 1.13% of the company’s stock.

About Principal Financial Group

(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.