Tidal Investments LLC Sells 417 Shares of Principal Financial Group, Inc. (NYSE:PFG)

Tidal Investments LLC lessened its stake in shares of Principal Financial Group, Inc. (NYSE:PFG) by 2.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,799 shares of the company’s stock after selling 417 shares during the quarter. Tidal Investments LLC’s holdings in Principal Financial Group were worth $1,357,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new position in Principal Financial Group in the third quarter valued at $114,000. Sanctuary Advisors LLC boosted its stake in Principal Financial Group by 66.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 24,932 shares of the company’s stock valued at $2,137,000 after purchasing an additional 9,933 shares during the last quarter. Unigestion Holding SA bought a new position in Principal Financial Group during the 3rd quarter valued at $3,911,000. Toronto Dominion Bank boosted its holdings in Principal Financial Group by 15.8% during the third quarter. Toronto Dominion Bank now owns 123,958 shares of the company’s stock worth $10,648,000 after purchasing an additional 16,954 shares during the last quarter. Finally, Coldstream Capital Management Inc. boosted its stake in shares of Principal Financial Group by 6.4% in the 3rd quarter. Coldstream Capital Management Inc. now owns 5,956 shares of the company’s stock worth $512,000 after buying an additional 357 shares during the last quarter. 75.08% of the stock is currently owned by institutional investors.

Principal Financial Group Stock Performance

Shares of NYSE:PFG opened at $74.91 on Thursday. 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 firm’s 50-day moving average is $85.22 and its 200 day moving average is $82.33. Principal Financial Group, Inc. has a 12 month low of $72.21 and a 12 month high of $91.97. The company has a market capitalization of $17.13 billion, a price-to-earnings ratio of -83.23, a PEG ratio of 0.92 and a beta of 1.20.

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

Principal Financial Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Monday, December 2nd were paid a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a yield of 3.90%. The ex-dividend date was Monday, December 2nd. This is an increase from Principal Financial Group’s previous quarterly dividend of $0.72. Principal Financial Group’s payout ratio is presently -324.44%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on PFG shares. Bank of America decreased their price target on shares of 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. Barclays raised their price objective 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. Wells Fargo & Company reiterated an “underweight” rating and set a $75.00 price target (down previously from $84.00) on shares of Principal Financial Group in a research report on Wednesday, December 11th. Royal Bank of Canada lifted their price target on Principal Financial Group from $87.00 to $91.00 and gave the stock a “sector perform” rating in a research note on Tuesday, November 19th. Finally, Morgan Stanley reaffirmed an “underweight” rating and issued a $80.00 price objective (down previously from $86.00) on shares of Principal Financial Group in a research note on Thursday, December 5th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Principal Financial Group presently has a consensus rating of “Hold” and an average target price of $84.75.

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.