Foster & Motley Inc. Has $2.25 Million Stock Holdings in Principal Financial Group, Inc. (NYSE:PFG)

Foster & Motley Inc. decreased its position in shares of Principal Financial Group, Inc. (NYSE:PFG) by 8.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 29,005 shares of the company’s stock after selling 2,600 shares during the quarter. Foster & Motley Inc.’s holdings in Principal Financial Group were worth $2,245,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Nilsine Partners LLC raised its holdings in Principal Financial Group by 12.7% during the 4th quarter. Nilsine Partners LLC now owns 4,743 shares of the company’s stock worth $367,000 after purchasing an additional 536 shares during the last quarter. KBC Group NV raised its holdings in Principal Financial Group by 398.4% during the 4th quarter. KBC Group NV now owns 291,379 shares of the company’s stock worth $22,555,000 after purchasing an additional 232,915 shares during the last quarter. Blue Trust Inc. raised its holdings in Principal Financial Group by 19.1% during the 4th quarter. Blue Trust Inc. now owns 3,272 shares of the company’s stock worth $281,000 after purchasing an additional 524 shares during the last quarter. Legacy Financial Group LLC bought a new position in Principal Financial Group during the 4th quarter worth approximately $771,000. Finally, Fifth Third Bancorp raised its holdings in Principal Financial Group by 2.5% during the 4th quarter. Fifth Third Bancorp now owns 9,475 shares of the company’s stock worth $733,000 after purchasing an additional 228 shares during the last quarter. Institutional investors own 75.08% of the company’s stock.

Principal Financial Group Price Performance

PFG opened at $83.51 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.30 and a quick ratio of 0.30. The company has a market capitalization of $19.10 billion, a price-to-earnings ratio of -92.79, a P/E/G ratio of 0.80 and a beta of 1.22. The firm’s fifty day moving average price is $80.75 and its two-hundred day moving average price is $82.26. Principal Financial Group, Inc. has a 1 year low of $72.21 and a 1 year high of $91.97.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on PFG shares. Bank of America lowered their price objective 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. Royal Bank of Canada reiterated a “sector perform” rating and issued a $91.00 price objective on shares of Principal Financial Group in a research note on Thursday, January 16th. JPMorgan Chase & Co. upgraded shares of Principal Financial Group from a “neutral” rating to an “overweight” rating and lowered their price objective for the company from $95.00 to $92.00 in a research note on Tuesday, January 7th. Keefe, Bruyette & Woods lowered their price objective on shares of Principal Financial Group from $93.00 to $90.00 and set a “market perform” rating for the company in a research note on Friday, January 10th. Finally, Wells Fargo & Company lowered their price objective on shares of 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. Four analysts have rated the stock with a sell rating, six have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $84.92.

About Principal Financial Group

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.