Foster Group Inc. Has $970,000 Position in Principal Financial Group, Inc. (NYSE:PFG)

Foster Group Inc. decreased its stake in shares of Principal Financial Group, Inc. (NYSE:PFG) by 10.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 12,530 shares of the company’s stock after selling 1,415 shares during the period. Foster Group Inc.’s holdings in Principal Financial Group were worth $970,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of PFG. KBC Group NV boosted its holdings in Principal Financial Group by 398.4% in the 4th quarter. KBC Group NV now owns 291,379 shares of the company’s stock valued at $22,555,000 after purchasing an additional 232,915 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in Principal Financial Group by 85.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 466,133 shares of the company’s stock valued at $40,041,000 after purchasing an additional 215,045 shares during the period. Bank of Montreal Can boosted its holdings in Principal Financial Group by 41.0% in the 3rd quarter. Bank of Montreal Can now owns 503,735 shares of the company’s stock valued at $43,367,000 after purchasing an additional 146,473 shares during the period. Mizuho Securities USA LLC boosted its holdings in Principal Financial Group by 818.1% in the 3rd quarter. Mizuho Securities USA LLC now owns 152,648 shares of the company’s stock valued at $13,112,000 after purchasing an additional 136,021 shares during the period. Finally, International Assets Investment Management LLC boosted its holdings in Principal Financial Group by 6,593.7% in the 3rd quarter. International Assets Investment Management LLC now owns 132,200 shares of the company’s stock valued at $11,356,000 after purchasing an additional 130,225 shares during the period. Institutional investors own 75.08% of the company’s stock.

Principal Financial Group Trading Up 0.3 %

Shares of NYSE PFG opened at $82.89 on Wednesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.30 and a current ratio of 0.30. Principal Financial Group, Inc. has a 52-week low of $72.21 and a 52-week high of $91.97. The firm has a 50 day moving average price of $80.79 and a two-hundred day moving average price of $82.27. The stock has a market cap of $18.96 billion, a P/E ratio of 11.89, a price-to-earnings-growth ratio of 0.80 and a beta of 1.22.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on PFG. BMO Capital Markets began coverage on shares of Principal Financial Group in a research report on Thursday, January 23rd. They issued a “market perform” rating and a $93.00 target price for the company. Royal Bank of Canada restated a “sector perform” rating and issued a $91.00 target price on shares of Principal Financial Group in a research report on Thursday, January 16th. Barclays boosted their target price on shares of Principal Financial Group from $75.00 to $77.00 and gave the company an “underweight” rating in a research report on Friday, October 25th. Bank of America lowered their price objective on shares of Principal Financial Group from $94.00 to $91.00 and set a “neutral” rating for the company in a research report on Thursday, October 10th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Principal Financial Group from $93.00 to $90.00 and set a “market perform” rating for the company in a research report on Friday, January 10th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $84.92.

Principal Financial Group Company 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.