Jaffetilchin Investment Partners LLC cut its holdings in Principal Financial Group Inc (NYSE:PFG) by 65.1% in the fourth quarter, Holdings Channel reports. The fund owned 3,735 shares of the financial services provider’s stock after selling 6,961 shares during the quarter. Jaffetilchin Investment Partners LLC’s holdings in Principal Financial Group were worth $264,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BerganKDV Wealth Management LLC acquired a new stake in Principal Financial Group in the third quarter valued at approximately $384,000. AMP Capital Investors Ltd lifted its stake in Principal Financial Group by 4.2% in the third quarter. AMP Capital Investors Ltd now owns 183,893 shares of the financial services provider’s stock valued at $11,831,000 after acquiring an additional 7,492 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in Principal Financial Group by 18.6% in the third quarter. Robeco Institutional Asset Management B.V. now owns 588,719 shares of the financial services provider’s stock valued at $37,877,000 after acquiring an additional 92,391 shares during the last quarter. Janus Henderson Group PLC lifted its stake in Principal Financial Group by 6,656.1% in the second quarter. Janus Henderson Group PLC now owns 3,020,597 shares of the financial services provider’s stock valued at $193,529,000 after acquiring an additional 2,975,888 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Principal Financial Group by 9.2% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 961,374 shares of the financial services provider’s stock valued at $61,855,000 after acquiring an additional 81,084 shares during the last quarter. Hedge funds and other institutional investors own 68.64% of the company’s stock.

In related news, insider Nora Mary Everett sold 12,398 shares of the business’s stock in a transaction on Wednesday, October 18th. The shares were sold at an average price of $68.00, for a total transaction of $843,064.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Gary P. Scholten sold 24,310 shares of the business’s stock in a transaction on Monday, January 8th. The stock was sold at an average price of $71.59, for a total transaction of $1,740,352.90. The disclosure for this sale can be found here. Insiders have sold 369,535 shares of company stock worth $25,938,392 in the last ninety days. 1.50% of the stock is currently owned by insiders.

A number of analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Principal Financial Group from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a research note on Friday. Goldman Sachs Group upgraded shares of Principal Financial Group from a “neutral” rating to a “buy” rating in a research note on Tuesday. Wells Fargo & Co reiterated a “market perform” rating and issued a $76.00 target price on shares of Principal Financial Group in a research note on Monday, January 8th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $73.00 target price on shares of Principal Financial Group in a research note on Monday, December 11th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $68.90.

Shares of Principal Financial Group Inc (NYSE:PFG) opened at $74.21 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.10 and a quick ratio of 0.10. Principal Financial Group Inc has a one year low of $56.12 and a one year high of $74.40. The firm has a market cap of $21,430.00, a price-to-earnings ratio of 12.17, a PEG ratio of 1.35 and a beta of 1.72.

Principal Financial Group (NYSE:PFG) last issued its quarterly earnings data on Thursday, October 26th. The financial services provider reported $1.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.30 by ($0.02). Principal Financial Group had a return on equity of 13.55% and a net margin of 12.35%. The firm had revenue of $3.95 billion during the quarter, compared to analyst estimates of $3.12 billion. During the same quarter in the previous year, the firm posted $1.15 earnings per share. research analysts anticipate that Principal Financial Group Inc will post 5.22 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Monday, December 4th were paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.64%. This is a boost from Principal Financial Group’s previous quarterly dividend of $0.47. The ex-dividend date was Friday, December 1st. Principal Financial Group’s payout ratio is presently 32.13%.

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About Principal Financial Group

Principal Financial Group, Inc is an investment management company. The Company offers a range of financial products and services, including retirement, asset management and insurance. Its segments include Retirement and Income Solutions; Principal Global Investors, Principal International; U.S. Insurance Solutions, and Corporate.

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Institutional Ownership by Quarter for Principal Financial Group (NYSE:PFG)

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