XTX Topco Ltd Takes $702,000 Position in Principal Financial Group, Inc. (NYSE:PFG)

XTX Topco Ltd purchased a new position in shares of Principal Financial Group, Inc. (NYSE:PFG) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 8,943 shares of the company’s stock, valued at approximately $702,000.

Other large investors also recently bought and sold shares of the company. Hsbc Holdings PLC boosted its stake in shares of Principal Financial Group by 12.3% during the fourth quarter. Hsbc Holdings PLC now owns 1,360,338 shares of the company’s stock valued at $107,030,000 after purchasing an additional 149,353 shares during the period. State Board of Administration of Florida Retirement System grew its stake in Principal Financial Group by 6.6% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 296,889 shares of the company’s stock worth $25,624,000 after acquiring an additional 18,368 shares in the last quarter. Cetera Investment Advisers increased its position in shares of Principal Financial Group by 108.1% during the first quarter. Cetera Investment Advisers now owns 53,579 shares of the company’s stock worth $4,624,000 after acquiring an additional 27,827 shares during the period. Sei Investments Co. raised its stake in shares of Principal Financial Group by 59.4% during the first quarter. Sei Investments Co. now owns 24,275 shares of the company’s stock valued at $2,095,000 after acquiring an additional 9,048 shares in the last quarter. Finally, Sound Income Strategies LLC boosted its holdings in shares of Principal Financial Group by 8.6% in the first quarter. Sound Income Strategies LLC now owns 181,776 shares of the company’s stock valued at $15,689,000 after purchasing an additional 14,339 shares during the period. Hedge funds and other institutional investors own 75.08% of the company’s stock.

Principal Financial Group Trading Down 0.0 %

Principal Financial Group stock opened at $85.61 on Monday. Principal Financial Group, Inc. has a one year low of $66.21 and a one year high of $88.26. The stock has a market cap of $19.83 billion, a PE ratio of 16.34, a price-to-earnings-growth ratio of 0.87 and a beta of 1.19. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.29 and a current ratio of 0.29. The stock has a 50-day moving average of $80.23 and a two-hundred day moving average of $80.99.

Principal Financial Group (NYSE:PFG) last released its earnings results on Thursday, July 25th. The company reported $1.63 EPS for the quarter, missing analysts’ consensus estimates of $1.87 by ($0.24). Principal Financial Group had a return on equity of 14.92% and a net margin of 8.05%. The company had revenue of $4.31 billion during the quarter, compared to analyst estimates of $3.78 billion. During the same quarter last year, the business earned $1.53 earnings per share. On average, research analysts anticipate that Principal Financial Group, Inc. will post 7.31 EPS for the current fiscal year.

Principal Financial Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Thursday, September 5th will be given a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 3.36%. This is an increase from Principal Financial Group’s previous quarterly dividend of $0.71. The ex-dividend date is Thursday, September 5th. Principal Financial Group’s dividend payout ratio is presently 54.96%.

Wall Street Analysts Forecast Growth

PFG has been the subject of several research reports. Royal Bank of Canada upped their target price on Principal Financial Group from $83.00 to $87.00 and gave the stock a “sector perform” rating in a report on Monday, July 29th. Wells Fargo & Company cut their target price on shares of Principal Financial Group from $87.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Monday, July 29th. Bank of America upped their price target on shares of Principal Financial Group from $87.00 to $94.00 and gave the stock a “neutral” rating in a research report on Thursday, July 11th. Raymond James raised shares of Principal Financial Group from a “market perform” rating to a “strong-buy” rating and set a $99.00 price objective on the stock in a report on Tuesday, July 9th. Finally, Jefferies Financial Group upped their target price on Principal Financial Group from $73.00 to $76.00 and gave the stock a “hold” rating in a report on Thursday, July 18th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and one has given a strong buy rating to the company. According to MarketBeat, Principal Financial Group has a consensus rating of “Hold” and a consensus target price of $85.50.

Principal Financial Group Profile

Principal Financial Group, Inc provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide. The company operates through Retirement and Income Solutions, Principal Asset Management, and Benefits and Protection segments. The Retirement and Income Solutions segment provides retirement, and related financial products and services.