Principal Financial Group, Inc. (NYSE:PFG) Shares Bought by Columbus Macro LLC

Columbus Macro LLC increased its position in Principal Financial Group, Inc. (NYSE:PFG) by 46.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,653 shares of the company’s stock after acquiring an additional 8,169 shares during the period. Columbus Macro LLC’s holdings in Principal Financial Group were worth $1,986,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Peterson Financial Group Inc. bought a new position in Principal Financial Group in the 3rd quarter valued at about $33,000. Truvestments Capital LLC bought a new position in shares of Principal Financial Group in the third quarter valued at approximately $43,000. Prospera Private Wealth LLC acquired a new position in shares of Principal Financial Group during the third quarter valued at approximately $45,000. Sugarloaf Wealth Management LLC raised its holdings 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 in the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in Principal Financial Group in the third quarter worth approximately $50,000. 75.08% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PFG. BMO Capital Markets began coverage on Principal Financial Group in a research note on Thursday, January 23rd. They issued a “market perform” rating and a $93.00 price objective on the stock. Bank of America dropped their price target on shares of Principal Financial Group from $94.00 to $91.00 and set a “neutral” rating on the stock in a research report on Thursday, October 10th. Morgan Stanley restated an “underweight” rating and set a $80.00 price objective (down previously from $86.00) on shares of Principal Financial Group in a research report on Thursday, December 5th. Keefe, Bruyette & Woods dropped their target price on shares of Principal Financial Group from $93.00 to $90.00 and set a “market perform” rating on the stock in a report on Friday, January 10th. Finally, Barclays raised their target price on shares of Principal Financial Group from $75.00 to $77.00 and gave the stock an “underweight” rating in a report on Friday, October 25th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $84.92.

Principal Financial Group Price Performance

Shares of NYSE:PFG opened at $80.97 on Tuesday. The business has a fifty day simple moving average of $80.66 and a 200 day simple moving average of $82.18. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.35. Principal Financial Group, Inc. has a 1 year low of $72.21 and a 1 year high of $91.97. The firm has a market cap of $18.52 billion, a price-to-earnings ratio of 12.00, a P/E/G ratio of 0.81 and a beta of 1.22.

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.