Principal Financial Group Inc. Purchases 766 Shares of U.S. Physical Therapy, Inc. (NYSE:USPH)

Principal Financial Group Inc. lifted its position in U.S. Physical Therapy, Inc. (NYSE:USPH) by 1.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 79,817 shares of the company’s stock after buying an additional 766 shares during the period. Principal Financial Group Inc. owned approximately 0.53% of U.S. Physical Therapy worth $6,755,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Silvercrest Asset Management Group LLC acquired a new stake in shares of U.S. Physical Therapy in the 1st quarter worth $8,158,000. Renaissance Technologies LLC raised its stake in U.S. Physical Therapy by 763.7% in the second quarter. Renaissance Technologies LLC now owns 69,523 shares of the company’s stock valued at $6,425,000 after buying an additional 61,474 shares during the last quarter. Penn Davis Mcfarland Inc. purchased a new stake in U.S. Physical Therapy in the third quarter valued at about $2,552,000. Dimensional Fund Advisors LP boosted its holdings in U.S. Physical Therapy by 2.5% in the second quarter. Dimensional Fund Advisors LP now owns 423,846 shares of the company’s stock worth $39,173,000 after acquiring an additional 10,462 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of U.S. Physical Therapy by 1.0% during the first quarter. Vanguard Group Inc. now owns 1,072,602 shares of the company’s stock worth $121,065,000 after acquiring an additional 10,175 shares during the last quarter.

Insiders Place Their Bets

In related news, Director Kathleen A. Gilmartin acquired 2,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was purchased at an average price of $86.09 per share, with a total value of $172,180.00. Following the transaction, the director now owns 18,904 shares of the company’s stock, valued at approximately $1,627,445.36. This trade represents a 11.83 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Nancy Ham sold 1,172 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $96.72, for a total value of $113,355.84. Following the transaction, the director now owns 1,112 shares of the company’s stock, valued at approximately $107,552.64. This represents a 51.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,896 shares of company stock valued at $656,940 over the last ninety days. Company insiders own 1.70% of the company’s stock.

U.S. Physical Therapy Stock Up 0.8 %

USPH opened at $90.63 on Wednesday. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.27. U.S. Physical Therapy, Inc. has a twelve month low of $76.18 and a twelve month high of $113.63. The company has a market cap of $1.37 billion, a PE ratio of 96.41, a price-to-earnings-growth ratio of 4.07 and a beta of 1.38. The company has a 50-day moving average price of $84.46 and a 200 day moving average price of $90.82.

U.S. Physical Therapy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.94%. The ex-dividend date is Friday, November 15th. U.S. Physical Therapy’s payout ratio is currently 187.23%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Bank of America reiterated a “neutral” rating and set a $90.00 price objective (down from $114.00) on shares of U.S. Physical Therapy in a research note on Monday, October 7th. Barrington Research reaffirmed an “outperform” rating and set a $108.00 price target on shares of U.S. Physical Therapy in a research report on Thursday, November 7th. Finally, StockNews.com raised U.S. Physical Therapy from a “sell” rating to a “hold” rating in a report on Wednesday, August 21st.

U.S. Physical Therapy Company Profile

U.S. Physical Therapy, Inc operates outpatient physical therapy clinics. The company operates through Physical Therapy Operations and Industrial Injury Prevention Services segments. The company provides pre-and post-operative care and treatment for orthopedic-related disorders, sports-related injuries, preventative care, rehabilitation of injured workers, and neurological-related injuries.