Barclays PLC raised its place in Principal Monetary Group, Inc. (NASDAQ:PFG – Get Ranking) by 38.8% in the course of the third quarter, in line with its most up-to-date submitting with the Securities and Change Fee (SEC). The fund owned 473,224 shares of the corporate’s inventory after buying an extra 132,393 shares in the course of the quarter. Barclays PLC owned about 0.19% of Principal Monetary Group value $34,141,000 as of its most up-to-date SEC submitting.
Different institutional buyers and hedge funds additionally lately purchased and bought shares of the corporate. Fairfield Bush & CO. bought a brand new stake in shares of Principal Monetary Group within the 1st quarter valued at roughly $51,000. American Century Firms Inc. raised its stake in shares of Principal Monetary Group by 25.8% within the 1st quarter. American Century Firms Inc. now owns 35,507 shares of the corporate’s inventory valued at $2,607,000 after buying an extra 7,292 shares in the course of the interval. Panagora Asset Administration Inc. raised its stake in shares of Principal Monetary Group by 55.6% within the 1st quarter. Panagora Asset Administration Inc. now owns 15,825 shares of the corporate’s inventory valued at $1,162,000 after buying an extra 5,657 shares in the course of the interval. Commonwealth of Pennsylvania Public Faculty Empls Retrmt SYS raised its stake in shares of Principal Monetary Group by 5.1% within the 1st quarter. Commonwealth of Pennsylvania Public Faculty Empls Retrmt SYS now owns 32,506 shares of the corporate’s inventory valued at $2,386,000 after buying an extra 1,564 shares in the course of the interval. Lastly, Cibc World Market Inc. bought a brand new stake in shares of Principal Monetary Group within the 1st quarter valued at roughly $1,345,000. 74.21% of the inventory is at the moment owned by institutional buyers and hedge funds.
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Analyst Rankings Adjustments
A lot of equities analysis analysts have commented on the inventory. The Goldman Sachs Group elevated their worth goal on shares of Principal Monetary Group from $61.00 to $71.00 and gave the corporate a “promote” ranking in a analysis report on Monday, January ninth. Royal Financial institution of Canada elevated their worth goal on shares of Principal Monetary Group from $75.00 to $88.00 in a report on Monday, October thirty first. Morgan Stanley lower their worth goal on shares of Principal Monetary Group from $79.00 to $75.00 and set an “underweight” ranking for the corporate in a report on Tuesday, January tenth. JPMorgan Chase & Co. elevated their worth goal on shares of Principal Monetary Group from $72.00 to $78.00 and gave the corporate an “underweight” ranking in a report on Friday, January sixth. Lastly, Citigroup raised their goal worth on shares of Principal Monetary Group from $62.00 to $65.00 in a report on Wednesday, November sixteenth. Eight equities analysis analysts have rated the inventory with a promote ranking and 5 have issued a maintain ranking to the corporate. Based mostly on knowledge from MarketBeat, the inventory has a consensus ranking of “Cut back” and a median goal worth of $78.18.
Principal Monetary Group Inventory Up 1.2 %
Shares of NASDAQ:PFG opened at $87.96 on Friday. The corporate has a present ratio of 0.37, a fast ratio of 0.37 and a debt-to-equity ratio of 0.42. The corporate has a fifty day easy transferring common of $88.31 and a 200 day easy transferring common of $81.89. The agency has a market cap of $21.52 billion, a PE ratio of 4.26, a price-to-earnings-growth ratio of two.28 and a beta of 1.27. Principal Monetary Group, Inc. has a 12-month low of $61.05 and a 12-month excessive of $96.17.
Principal Monetary Group (NASDAQ:PFG – Get Ranking) final issued its quarterly earnings outcomes on Thursday, October twenty seventh. The corporate reported $1.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.45 by $0.24. The enterprise had income of $3.44 billion in the course of the quarter, in comparison with analyst estimates of $3.05 billion. Principal Monetary Group had a web margin of 28.67% and a return on fairness of 14.61%. On common, equities analysis analysts anticipate that Principal Monetary Group, Inc. will submit 6.49 EPS for the present fiscal yr.
Principal Monetary Group Dividend Announcement
The corporate additionally lately declared a quarterly dividend, which was paid on Monday, December nineteenth. Stockholders of document on Thursday, December 1st have been issued a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a dividend yield of two.91%. The ex-dividend date was Wednesday, November thirtieth. Principal Monetary Group’s dividend payout ratio (DPR) is 12.41%.
Principal Monetary Group Profile
Principal Monetary Group, Inc gives retirement, asset administration, and insurance coverage services to companies, people, and institutional shoppers worldwide. The corporate operates by Retirement and Earnings Options, Principal International Traders, Principal Worldwide, and U.S. Insurance coverage Options segments.
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