BNP Paribas Arbitrage SA increased its stake in shares of Principal Financial Group Inc (NYSE:PFG) by 34.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 329,362 shares of the financial services provider’s stock after purchasing an additional 84,587 shares during the period. BNP Paribas Arbitrage SA owned 0.11% of Principal Financial Group worth $21,191,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sun Life Financial INC raised its position in shares of Principal Financial Group by 21,822.2% during the 2nd quarter. Sun Life Financial INC now owns 1,973 shares of the financial services provider’s stock worth $126,000 after purchasing an additional 1,964 shares during the last quarter. Eagle Global Advisors LLC acquired a new position in shares of Principal Financial Group during the 2nd quarter worth about $207,000. Koch Industries Inc. acquired a new position in shares of Principal Financial Group during the 2nd quarter worth about $210,000. Honkamp Krueger Financial Services Inc. acquired a new position in shares of Principal Financial Group during the 3rd quarter worth about $226,000. Finally, Foster & Motley Inc. raised its position in shares of Principal Financial Group by 9.3% during the 2nd quarter. Foster & Motley Inc. now owns 4,014 shares of the financial services provider’s stock worth $257,000 after purchasing an additional 340 shares during the last quarter. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Principal Financial Group Inc (NYSE PFG) traded down $0.36 during trading on Friday, hitting $68.06. 840,100 shares of the stock traded hands, compared to its average volume of 1,166,778. Principal Financial Group Inc has a twelve month low of $56.12 and a twelve month high of $69.95. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.10 and a current ratio of 0.10. The stock has a market cap of $19,652.66, a PE ratio of 13.27, a price-to-earnings-growth ratio of 1.30 and a beta of 1.71.

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

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Monday, December 4th will be paid a $0.49 dividend. This is a boost from Principal Financial Group’s previous quarterly dividend of $0.47. The ex-dividend date is Friday, December 1st. This represents a $1.96 annualized dividend and a dividend yield of 2.88%. Principal Financial Group’s dividend payout ratio is 30.82%.

Several research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Principal Financial Group from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research report on Tuesday, August 1st. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $68.00 price objective on shares of Principal Financial Group in a report on Thursday, August 3rd. Barclays PLC increased their price objective on shares of Principal Financial Group from $61.00 to $63.00 and gave the company an “equal weight” rating in a report on Friday, August 11th. BidaskClub downgraded shares of Principal Financial Group from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Finally, Goldman Sachs Group, Inc. (The) initiated coverage on shares of Principal Financial Group in a report on Wednesday, October 18th. They issued a “neutral” rating and a $70.00 price objective for the company. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. Principal Financial Group currently has a consensus rating of “Hold” and a consensus price target of $67.40.

In other news, insider Nora Mary Everett sold 12,398 shares of the stock in a transaction that occurred on Wednesday, October 18th. The shares were sold at an average price of $68.00, for a total value of $843,064.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider James P. Mccaughan sold 6,193 shares of the stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $62.33, for a total transaction of $386,009.69. The disclosure for this sale can be found here. In the last three months, insiders sold 143,537 shares of company stock valued at $9,313,955. Corporate insiders own 1.50% of the company’s stock.

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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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