180 Wealth Advisors LLC Decreases Position in Principal Financial Group, Inc. (NYSE:PFG)

180 Wealth Advisors LLC trimmed its position in shares of Principal Financial Group, Inc. (NYSE:PFG) by 5.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,411 shares of the company’s stock after selling 191 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Principal Financial Group were worth $264,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Peterson Financial Group Inc. acquired a new position in shares of Principal Financial Group in the third quarter worth $33,000. Truvestments Capital LLC acquired a new position in shares of Principal Financial Group in the third quarter worth $43,000. Prospera Private Wealth LLC acquired a new position in shares of Principal Financial Group in the third quarter worth $45,000. Sugarloaf Wealth Management LLC raised its holdings in shares of Principal Financial Group by 53.6% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 559 shares of the company’s stock worth $43,000 after acquiring an additional 195 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in shares of Principal Financial Group in the third quarter worth $50,000. 75.08% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PFG has been the subject of a number of analyst reports. Barclays boosted their price target on Principal Financial Group from $75.00 to $77.00 and gave the stock an “underweight” rating in a report on Friday, October 25th. Morgan Stanley reiterated an “underweight” rating and issued a $80.00 target price (down from $86.00) on shares of Principal Financial Group in a research note on Thursday, December 5th. JPMorgan Chase & Co. upgraded Principal Financial Group from a “neutral” rating to an “overweight” rating and dropped their target price for the company from $95.00 to $92.00 in a research note on Tuesday, January 7th. Bank of America dropped their target price on Principal Financial Group from $94.00 to $91.00 and set a “neutral” rating for the company in a research note on Thursday, October 10th. Finally, Piper Sandler upgraded Principal Financial Group from a “neutral” rating to an “overweight” rating and set a $90.00 target price for the company in a research note on Wednesday, December 18th. Four research analysts have rated the stock with a sell rating, five have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Principal Financial Group has a consensus rating of “Hold” and an average target price of $84.25.

Principal Financial Group Price Performance

PFG stock opened at $80.08 on Thursday. The stock has a 50-day moving average price of $81.64 and a two-hundred day moving average price of $82.16. Principal Financial Group, Inc. has a 12-month low of $72.21 and a 12-month high of $91.97. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.35. The company has a market cap of $18.32 billion, a PE ratio of -88.98, a price-to-earnings-growth ratio of 0.92 and a beta of 1.22.

Principal Financial Group (NYSE:PFG) last issued its earnings results on Thursday, October 24th. The company reported $1.76 earnings per share for the quarter, missing the consensus estimate of $2.02 by ($0.26). Principal Financial Group had a positive return on equity of 14.67% and a negative net margin of 1.47%. The company had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $3.92 billion. During the same period in the previous year, the company earned $1.72 EPS. As a group, research analysts predict that Principal Financial Group, Inc. will post 7.03 EPS for the current year.

Principal Financial Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Monday, December 2nd were issued a $0.73 dividend. The ex-dividend date was Monday, December 2nd. This represents a $2.92 dividend on an annualized basis and a yield of 3.65%. This is an increase from Principal Financial Group’s previous quarterly dividend of $0.72. Principal Financial Group’s dividend payout ratio is currently -324.44%.

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.