Principal Financial Group, Inc. (NYSE:PFG) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP decreased its position in shares of Principal Financial Group, Inc. (NYSE:PFG - Free Report) by 0.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,913,064 shares of the company's stock after selling 21,457 shares during the period. Dimensional Fund Advisors LP owned about 1.71% of Principal Financial Group worth $302,909,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Curio Wealth LLC purchased a new position in shares of Principal Financial Group in the fourth quarter valued at approximately $29,000. BankPlus Trust Department purchased a new position in Principal Financial Group in the 4th quarter valued at approximately $33,000. Covestor Ltd grew its stake in shares of Principal Financial Group by 144.3% in the fourth quarter. Covestor Ltd now owns 540 shares of the company's stock worth $42,000 after acquiring an additional 319 shares in the last quarter. Sugarloaf Wealth Management LLC increased its position 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 acquiring an additional 195 shares during the period. Finally, Golden State Wealth Management LLC acquired a new stake in shares of Principal Financial Group in the fourth quarter valued at $46,000. 75.08% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Wells Fargo & Company cut their price target on Principal Financial Group from $74.00 to $68.00 and set an "underweight" rating on the stock in a report on Thursday, April 10th. Morgan Stanley reduced their target price on shares of Principal Financial Group from $77.00 to $65.00 and set an "underweight" rating on the stock in a report on Thursday, April 10th. JPMorgan Chase & Co. upgraded shares of Principal Financial Group from a "neutral" rating to an "overweight" rating and lowered their price target for the stock from $95.00 to $92.00 in a report on Tuesday, January 7th. BMO Capital Markets started coverage on shares of Principal Financial Group in a report on Thursday, January 23rd. They issued a "market perform" rating and a $93.00 price objective on the stock. Finally, UBS Group boosted their target price on shares of Principal Financial Group from $87.00 to $93.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 2nd. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $84.69.

Principal Financial Group Stock Performance

NYSE PFG traded down $1.54 on Friday, reaching $73.46. The stock had a trading volume of 2,703,562 shares, compared to its average volume of 1,296,161. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.30 and a current ratio of 0.29. The stock has a market cap of $16.53 billion, a P/E ratio of 11.00, a price-to-earnings-growth ratio of 0.76 and a beta of 1.01. The business's 50-day moving average price is $80.50 and its 200 day moving average price is $82.21. Principal Financial Group, Inc. has a 12-month low of $68.39 and a 12-month high of $91.98.

Principal Financial Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders 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 dividend on an annualized basis and a yield of 4.14%. Principal Financial Group's payout ratio is currently 44.91%.

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.