Principal Financial Group, Inc. (NYSE:PFG) Shares Bought by Fifth Third Bancorp

Fifth Third Bancorp boosted its position in shares of Principal Financial Group, Inc. (NYSE:PFGFree Report) by 2.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,475 shares of the company’s stock after buying an additional 228 shares during the quarter. Fifth Third Bancorp’s holdings in Principal Financial Group were worth $733,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Peterson Financial Group Inc. acquired a new stake in Principal Financial Group during the third quarter valued at approximately $33,000. Truvestments Capital LLC acquired a new stake in shares of Principal Financial Group during the 3rd quarter valued at $43,000. Prospera Private Wealth LLC bought a new stake in shares of Principal Financial Group during the 3rd quarter worth $45,000. Sugarloaf Wealth Management LLC grew its holdings in shares of Principal Financial Group by 53.6% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 559 shares of the company’s stock worth $43,000 after acquiring an additional 195 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Principal Financial Group during the third quarter worth $50,000. 75.08% of the stock is owned by institutional investors and hedge funds.

Principal Financial Group Stock Up 0.6 %

PFG stock opened at $83.38 on Thursday. The firm has a market cap of $19.07 billion, a PE ratio of -92.64, a PEG ratio of 0.80 and a beta of 1.22. Principal Financial Group, Inc. has a 1 year low of $72.21 and a 1 year high of $91.97. The company has a fifty day simple moving average of $80.77 and a 200 day simple moving average of $82.26. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.35.

Analysts Set New Price Targets

A number of brokerages recently weighed in on PFG. Piper Sandler raised Principal Financial Group from a “neutral” rating to an “overweight” rating and set a $90.00 price target on the stock in a research note on Wednesday, December 18th. Morgan Stanley restated an “underweight” rating and issued a $80.00 price target (down previously from $86.00) on shares of Principal Financial Group in a research report on Thursday, December 5th. Barclays raised their price objective on shares of Principal Financial Group from $75.00 to $77.00 and gave the stock an “underweight” rating in a research note on Friday, October 25th. BMO Capital Markets began coverage on shares of Principal Financial Group in a research note on Thursday, January 23rd. They set a “market perform” rating and a $93.00 target price on the stock. Finally, Keefe, Bruyette & Woods decreased their target price on Principal Financial Group from $93.00 to $90.00 and set a “market perform” rating for the company in a research report on Friday, January 10th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $84.92.

View Our Latest Report on PFG

Principal Financial Group Company Profile

(Free Report)

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.

Featured Stories

Institutional Ownership by Quarter for Principal Financial Group (NYSE:PFG)

Receive News & Ratings for Principal Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Principal Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.