Kintegral Advisory LLC Trims Position in Principal Financial Group, Inc. (NYSE:PFG)

Kintegral Advisory LLC decreased its stake in shares of Principal Financial Group, Inc. (NYSE:PFG) by 4.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,877 shares of the company’s stock after selling 2,277 shares during the quarter. Kintegral Advisory LLC’s holdings in Principal Financial Group were worth $3,784,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in PFG. JPMorgan Chase & Co. raised its stake in shares of Principal Financial Group by 5.1% during the third quarter. JPMorgan Chase & Co. now owns 2,462,562 shares of the company’s stock valued at $211,534,000 after acquiring an additional 118,722 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Principal Financial Group by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,403,689 shares of the company’s stock worth $120,577,000 after purchasing an additional 18,801 shares during the period. Barclays PLC raised its position in Principal Financial Group by 12.3% during the 3rd quarter. Barclays PLC now owns 806,672 shares of the company’s stock valued at $69,293,000 after purchasing an additional 88,179 shares in the last quarter. AustralianSuper Pty Ltd lifted its holdings in shares of Principal Financial Group by 23.2% in the 4th quarter. AustralianSuper Pty Ltd now owns 665,410 shares of the company’s stock worth $51,509,000 after buying an additional 125,198 shares during the period. Finally, Bank of Montreal Can grew its position in shares of Principal Financial Group by 41.0% during the 3rd quarter. Bank of Montreal Can now owns 503,735 shares of the company’s stock worth $43,367,000 after buying an additional 146,473 shares in the last quarter. 75.08% of the stock is owned by hedge funds and other institutional investors.

Principal Financial Group Trading Down 2.5 %

Shares of NYSE:PFG opened at $84.38 on Friday. The business’s 50-day moving average is $80.69 and its 200 day moving average is $82.42. The firm has a market capitalization of $19.03 billion, a P/E ratio of 12.40, a P/E/G ratio of 0.76 and a beta of 1.22. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.29 and a quick ratio of 0.30. Principal Financial Group, Inc. has a 1 year low of $72.21 and a 1 year high of $91.97.

Principal Financial Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Wednesday, March 12th will be paid a dividend of $0.75 per share. This is an increase from Principal Financial Group’s previous quarterly dividend of $0.73. This represents a $3.00 annualized dividend and a dividend yield of 3.56%. The ex-dividend date of this dividend is Wednesday, March 12th. Principal Financial Group’s payout ratio is presently 43.71%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Piper Sandler upped their price objective on shares of Principal Financial Group from $90.00 to $93.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Barclays upped their price target on shares of Principal Financial Group from $77.00 to $80.00 and gave the stock an “underweight” rating in a research report on Friday, February 7th. Keefe, Bruyette & Woods lifted their price objective on shares of Principal Financial Group from $90.00 to $92.00 and gave the company a “market perform” rating in a report on Wednesday, February 12th. BMO Capital Markets assumed coverage on shares of Principal Financial Group in a research note on Thursday, January 23rd. They issued a “market perform” rating and a $93.00 price objective for the company. Finally, JPMorgan Chase & Co. raised Principal Financial Group from a “neutral” rating to an “overweight” rating and dropped their target price for the company from $95.00 to $92.00 in a research report on Tuesday, January 7th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $85.92.

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.