AMG National Trust Bank decreased its position in shares of Principal Financial Group, Inc. (NYSE:PFG - Free Report) by 2.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 105,583 shares of the company's stock after selling 3,114 shares during the quarter. AMG National Trust Bank's holdings in Principal Financial Group were worth $8,154,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its position in Principal Financial Group by 4.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 6,584 shares of the company's stock valued at $566,000 after acquiring an additional 259 shares in the last quarter. Janney Montgomery Scott LLC grew its position in shares of Principal Financial Group by 15.6% in the third quarter. Janney Montgomery Scott LLC now owns 21,764 shares of the company's stock valued at $1,870,000 after purchasing an additional 2,933 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position in shares of Principal Financial Group by 2.9% in the third quarter. Harbor Capital Advisors Inc. now owns 5,091 shares of the company's stock valued at $437,000 after acquiring an additional 144 shares during the period. Asset Management One Co. Ltd. grew its position in shares of Principal Financial Group by 15.4% during the 3rd quarter. Asset Management One Co. Ltd. now owns 109,100 shares of the company's stock valued at $9,372,000 after purchasing an additional 14,588 shares in the last quarter. Finally, 1834 Investment Advisors Co. bought a new stake in shares of Principal Financial Group during the 3rd quarter valued at about $202,000. 75.08% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have recently commented on PFG. Wells Fargo & Company lifted their price objective on Principal Financial Group from $69.00 to $74.00 and gave the stock an "underweight" rating in a report on Wednesday, February 19th. JPMorgan Chase & Co. raised shares of Principal Financial Group from a "neutral" rating to an "overweight" rating and decreased their price objective for the company from $95.00 to $92.00 in a report on Tuesday, January 7th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $91.00 price target on shares of Principal Financial Group in a research report on Thursday, January 16th. Keefe, Bruyette & Woods raised their target price on shares of Principal Financial Group from $90.00 to $92.00 and gave the stock a "market perform" rating in a research note on Wednesday, February 12th. Finally, BMO Capital Markets began coverage on Principal Financial Group in a research report on Thursday, January 23rd. They set a "market perform" rating and a $93.00 target price for the company. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $85.92.
View Our Latest Stock Report on Principal Financial Group
Shares of PFG stock opened at $86.64 on Friday. The stock's 50-day moving average is $82.41 and its 200 day moving average is $83.15. Principal Financial Group, Inc. has a 1-year low of $72.21 and a 1-year high of $91.97. The company has a market cap of $19.54 billion, a P/E ratio of 12.97, a PEG ratio of 0.76 and a beta of 1.17. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.29 and a quick ratio of 0.30.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Wednesday, March 12th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 3.46%. This is a boost from Principal Financial Group's previous quarterly dividend of $0.73. The ex-dividend date is Wednesday, March 12th. Principal Financial Group's payout ratio is presently 44.91%.
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.
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