Goelzer Investment Management Inc. lifted its position in Principal Financial Group Inc (NYSE:PFG) by 0.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 184,495 shares of the financial services provider’s stock after buying an additional 957 shares during the quarter. Principal Financial Group accounts for approximately 1.5% of Goelzer Investment Management Inc.’s portfolio, making the stock its 8th biggest position. Goelzer Investment Management Inc.’s holdings in Principal Financial Group were worth $13,018,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of PFG. American Century Companies Inc. raised its holdings in shares of Principal Financial Group by 14,739.8% in the 4th quarter. American Century Companies Inc. now owns 836,964 shares of the financial services provider’s stock valued at $59,056,000 after buying an additional 831,324 shares during the period. Old Mutual Global Investors UK Ltd. grew its stake in Principal Financial Group by 104.5% during the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 1,180,596 shares of the financial services provider’s stock worth $75,959,000 after purchasing an additional 603,342 shares in the last quarter. Allianz Asset Management GmbH grew its stake in Principal Financial Group by 29.4% during the 3rd quarter. Allianz Asset Management GmbH now owns 1,607,888 shares of the financial services provider’s stock worth $103,451,000 after purchasing an additional 365,068 shares in the last quarter. Schroder Investment Management Group grew its stake in Principal Financial Group by 17.0% during the 3rd quarter. Schroder Investment Management Group now owns 1,807,710 shares of the financial services provider’s stock worth $115,693,000 after purchasing an additional 262,065 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its stake in Principal Financial Group by 286.2% during the 3rd quarter. Canada Pension Plan Investment Board now owns 351,435 shares of the financial services provider’s stock worth $22,611,000 after purchasing an additional 260,444 shares in the last quarter. Hedge funds and other institutional investors own 68.64% of the company’s stock.

Several research firms recently commented on PFG. Zacks Investment Research cut Principal Financial Group from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. Morgan Stanley lowered their target price on Principal Financial Group from $80.00 to $79.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 30th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $73.00 target price on shares of Principal Financial Group in a research note on Monday, December 11th. Wells Fargo & Co cut Principal Financial Group from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 9th. Finally, Goldman Sachs Group began coverage on Principal Financial Group in a research note on Wednesday, October 18th. They set a “neutral” rating and a $70.00 target price for the company. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $71.00.

In other news, insider Nora Mary Everett sold 17,290 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $70.16, for a total transaction of $1,213,066.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Daniel Joseph Houston sold 37,080 shares of the company’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $70.05, for a total value of $2,597,454.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 301,958 shares of company stock valued at $21,343,156. Insiders own 1.50% of the company’s stock.

Principal Financial Group Inc (NYSE PFG) opened at $60.38 on Friday. The stock has a market capitalization of $17,440.00, a PE ratio of 9.90, a PEG ratio of 1.35 and a beta of 1.58. Principal Financial Group Inc has a 1 year low of $59.62 and a 1 year high of $75.58. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.26.

Principal Financial Group (NYSE:PFG) last released its quarterly earnings data on Monday, January 29th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.37 by ($0.18). The business had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.32 billion. Principal Financial Group had a return on equity of 13.55% and a net margin of 12.35%. During the same period in the prior year, the company posted $1.27 earnings per share. equities research analysts predict that Principal Financial Group Inc will post 5.22 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Monday, March 5th will be given a dividend of $0.51 per share. This is a boost from Principal Financial Group’s previous quarterly dividend of $0.49. This represents a $2.04 annualized dividend and a dividend yield of 3.38%. The ex-dividend date is Friday, March 2nd. Principal Financial Group’s dividend payout ratio is currently 32.13%.

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Principal Financial Group Company Profile

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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