Oakbrook Investments LLC Has $681,000 Holdings in Principal Financial Group Inc (PFG)

Oakbrook Investments LLC lessened its stake in shares of Principal Financial Group Inc (NYSE:PFG) by 49.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,650 shares of the financial services provider’s stock after selling 9,400 shares during the quarter. Oakbrook Investments LLC’s holdings in Principal Financial Group were worth $681,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Janus Henderson Group PLC lifted its stake in shares of Principal Financial Group by 6,656.1% during the 2nd quarter. Janus Henderson Group PLC now owns 3,020,597 shares of the financial services provider’s stock worth $193,529,000 after purchasing an additional 2,975,888 shares during the period. Schroder Investment Management Group lifted its stake in shares of 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 during the period. Allianz Asset Management GmbH lifted its stake in shares of 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 during the period. Legal & General Group Plc lifted its stake in shares of Principal Financial Group by 2.1% during the 3rd quarter. Legal & General Group Plc now owns 1,506,176 shares of the financial services provider’s stock worth $96,908,000 after purchasing an additional 31,107 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its stake in shares of Principal Financial Group by 5.4% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,384,166 shares of the financial services provider’s stock worth $97,667,000 after purchasing an additional 71,076 shares during the period. Hedge funds and other institutional investors own 68.64% of the company’s stock.

Principal Financial Group Inc (NYSE:PFG) opened at $74.05 on Monday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.10 and a quick ratio of 0.10. The firm has a market capitalization of $21,550.00, a price-to-earnings ratio of 12.14, a P/E/G ratio of 1.35 and a beta of 1.72. Principal Financial Group Inc has a 52-week low of $56.12 and a 52-week high of $74.80.

Principal Financial Group (NYSE:PFG) last issued its 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). The firm had revenue of $3.95 billion during the quarter, compared to analysts’ expectations of $3.12 billion. Principal Financial Group had a return on equity of 13.55% and a net margin of 12.35%. During the same period last year, the business posted $1.15 earnings per share. analysts predict that Principal Financial Group Inc will post 5.22 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, December 28th. Investors of record on Monday, December 4th were given a $0.49 dividend. This is a positive change from Principal Financial Group’s previous quarterly dividend of $0.47. This represents a $1.96 annualized dividend and a dividend yield of 2.65%. The ex-dividend date was Friday, December 1st. Principal Financial Group’s dividend payout ratio (DPR) is 32.13%.

In related news, EVP Karen E. Shaff sold 50,561 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $69.51, for a total value of $3,514,495.11. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Timothy Mark Dunbar sold 16,400 shares of the stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $70.23, for a total value of $1,151,772.00. The disclosure for this sale can be found here. Insiders sold a total of 301,958 shares of company stock worth $21,343,156 over the last ninety days. Corporate insiders own 1.50% of the company’s stock.

A number of research analysts have weighed in on the company. Zacks Investment Research lowered Principal Financial Group from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. Keefe, Bruyette & Woods reissued a “hold” rating and set a $73.00 price target on shares of Principal Financial Group in a research note on Monday, December 11th. Wells Fargo & Co lowered Principal Financial Group from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 9th. Goldman Sachs Group assumed coverage on Principal Financial Group in a research note on Wednesday, October 18th. They set a “neutral” rating and a $70.00 price target on the stock. Finally, Morgan Stanley increased their price target on Principal Financial Group from $67.00 to $72.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 5th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. Principal Financial Group presently has an average rating of “Hold” and an average target price of $68.90.

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Principal Financial Group 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.

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

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