Proquility Private Wealth Partners LLC Has $461,000 Stock Position in Principal Financial Group, Inc. (NYSE:PFG)

Proquility Private Wealth Partners LLC lessened its stake in Principal Financial Group, Inc. (NYSE:PFG) by 51.5% in the fourth quarter, Holdings Channel reports. The firm owned 5,951 shares of the company’s stock after selling 6,326 shares during the quarter. Proquility Private Wealth Partners LLC’s holdings in Principal Financial Group were worth $461,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Peterson Financial Group Inc. bought a new stake in shares of Principal Financial Group during the 3rd quarter worth approximately $33,000. Truvestments Capital LLC acquired a new position in Principal Financial Group during the third quarter valued at approximately $43,000. Sugarloaf Wealth Management LLC lifted its stake in Principal Financial Group by 53.6% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 559 shares of the company’s stock worth $43,000 after purchasing an additional 195 shares during the last quarter. Prospera Private Wealth LLC acquired a new stake in shares of Principal Financial Group in the 3rd quarter valued at $45,000. Finally, Capital Performance Advisors LLP bought a new position in shares of Principal Financial Group in the 3rd quarter valued at $50,000. Institutional investors own 75.08% of the company’s stock.

Principal Financial Group Stock Up 1.1 %

Principal Financial Group stock opened at $82.54 on Wednesday. The firm has a market cap of $18.88 billion, a price-to-earnings ratio of 11.89, a PEG ratio of 0.80 and a beta of 1.22. Principal Financial Group, Inc. has a 52-week low of $72.21 and a 52-week high of $91.97. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.30 and a current ratio of 0.30. The firm has a 50 day moving average price of $81.24 and a two-hundred day moving average price of $82.22.

Principal Financial Group (NYSE:PFG) last issued its quarterly earnings results on Thursday, October 24th. The company reported $1.76 EPS for the quarter, missing analysts’ consensus estimates of $2.02 by ($0.26). Principal Financial Group had a negative net margin of 1.47% and a positive return on equity of 14.67%. The firm had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $3.92 billion. During the same period last year, the company posted $1.72 EPS. Equities analysts predict that Principal Financial Group, Inc. will post 7.01 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on PFG. Royal Bank of Canada restated a “sector perform” rating and set a $91.00 price objective on shares of Principal Financial Group in a research report on Thursday, January 16th. Piper Sandler raised shares of Principal Financial Group from a “neutral” rating to an “overweight” rating and set a $90.00 price objective for the company in a research note on Wednesday, December 18th. Wells Fargo & Company dropped their price target on Principal Financial Group from $75.00 to $69.00 and set an “underweight” rating for the company in a research note on Tuesday, January 14th. Morgan Stanley reaffirmed an “underweight” rating and issued a $80.00 target price (down previously from $86.00) on shares of Principal Financial Group in a report on Thursday, December 5th. Finally, Keefe, Bruyette & Woods cut their price target on Principal Financial Group from $93.00 to $90.00 and set a “market perform” rating on the stock in a research note on Friday, January 10th. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $84.25.

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.