Principal Financial Group, Inc. (NYSE:PFG) Shares Acquired by Deutsche Bank AG

Deutsche Bank AG grew its holdings in shares of Principal Financial Group, Inc. (NYSE:PFG - Free Report) by 73.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,482,053 shares of the company's stock after purchasing an additional 627,865 shares during the period. Deutsche Bank AG owned about 0.65% of Principal Financial Group worth $114,726,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Curio Wealth LLC purchased a new position in Principal Financial Group in the fourth quarter valued at approximately $29,000. BankPlus Trust Department acquired a new stake in shares of Principal Financial Group in the fourth quarter valued at approximately $33,000. Navigoe LLC acquired a new stake in shares of Principal Financial Group during the fourth quarter worth $37,000. Covestor Ltd lifted its holdings in shares of Principal Financial Group by 144.3% during the fourth quarter. Covestor Ltd now owns 540 shares of the company's stock worth $42,000 after purchasing an additional 319 shares during the period. Finally, Sugarloaf Wealth Management LLC lifted its holdings in shares of 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 during the period. 75.08% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PFG has been the subject of several recent research reports. Morgan Stanley increased their price target on Principal Financial Group from $65.00 to $67.00 and gave the stock an "underweight" rating in a report on Tuesday, May 6th. Wells Fargo & Company raised their target price on Principal Financial Group from $68.00 to $69.00 and gave the company an "underweight" rating in a report on Tuesday, April 29th. Barclays reduced their target price on Principal Financial Group from $80.00 to $76.00 and set an "underweight" rating for the company in a report on Friday, April 11th. Royal Bank of Canada restated a "sector perform" rating and issued a $91.00 price target on shares of Principal Financial Group in a research report on Thursday, January 16th. Finally, UBS Group dropped their price target on Principal Financial Group from $93.00 to $80.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. Four analysts have rated the stock with a sell rating, six have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $83.54.

Principal Financial Group Price Performance

NYSE:PFG remained flat at $81.70 during mid-day trading on Tuesday. The company's stock had a trading volume of 978,911 shares, compared to its average volume of 1,317,566. The stock's fifty day moving average price is $78.24 and its two-hundred day moving average price is $81.15. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.30 and a current ratio of 0.29. Principal Financial Group, Inc. has a 12-month low of $68.39 and a 12-month high of $91.98. The company has a market cap of $18.32 billion, a PE ratio of 12.23, a P/E/G ratio of 0.76 and a beta of 1.01.

Principal Financial Group (NYSE:PFG - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The company reported $1.81 earnings per share for the quarter, missing the consensus estimate of $1.83 by ($0.02). Principal Financial Group had a net margin of 9.74% and a return on equity of 14.68%. During the same period last year, the business earned $1.65 earnings per share. Sell-side analysts expect that Principal Financial Group, Inc. will post 8.5 EPS for the current fiscal year.

Principal Financial Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Monday, June 2nd will be paid a $0.76 dividend. This is a positive change from Principal Financial Group's previous quarterly dividend of $0.75. This represents a $3.04 annualized dividend and a dividend yield of 3.72%. The ex-dividend date is Monday, June 2nd. Principal Financial Group's payout ratio is currently 65.10%.

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.