Bokf Na Acquires 46,583 Shares of Principal Financial Group, Inc. $PFG

Key Points

• BOKF NA increased its Principal Financial Group stake by 6,278% in the third quarter, acquiring 46,583 shares and bringing its holdings to 47,325 shares valued at approximately $5.3 million.
• Analyst sentiment remains mixed: Principal has a consensus “Hold” rating and a $107.75 average price target, while institutional investors own 75.08% of the stock.
• Principal reported quarterly revenue of $4.62 billion, beating estimates, but EPS of $2.22 missed consensus by $0.24. The company raised its quarterly dividend to $0.85, equivalent to a 3.0% annual yield.

Bokf Na boosted its stake in Principal Financial Group, Inc. (NASDAQ:PFG - Free Report) by 6,278.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,325 shares of the company's stock after purchasing an additional 46,583 shares during the period. Bokf Na's holdings in Principal Financial Group were worth $5,299,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in Principal Financial Group in the second quarter valued at approximately $2,157,181,000. Bank of America Corp DE acquired a new position in shares of Principal Financial Group during the second quarter worth $741,960,000. Legal & General Group Plc purchased a new position in shares of Principal Financial Group in the second quarter valued at $164,848,000. Deutsche Bank AG acquired a new stake in Principal Financial Group during the 2nd quarter valued at $132,735,000. Finally, Bank of New York Mellon Corp acquired a new stake in Principal Financial Group during the 2nd quarter valued at $124,372,000. 75.08% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Jefferies Financial Group boosted their price objective on shares of Principal Financial Group from $91.00 to $98.00 and gave the stock a "hold" rating in a report on Friday, July 10th. Atlantic Securities set a $94.00 target price on Principal Financial Group in a research report on Wednesday, July 15th. Barclays cut their price target on Principal Financial Group from $92.00 to $86.00 and set an "underweight" rating on the stock in a research note on Wednesday, October 7th. Weiss Ratings raised Principal Financial Group from a "buy (b-)" rating to a "buy (b)" rating in a report on Wednesday, August 12th. Finally, Raymond James Financial restated an "outperform" rating and set a $121.00 price objective on shares of Principal Financial Group in a research note on Monday, August 17th. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Principal Financial Group currently has a consensus rating of "Hold" and a consensus price target of $107.75.

Principal Financial Group Price Performance

Shares of NASDAQ PFG opened at $113.65 on Friday. Principal Financial Group, Inc. has a twelve month low of $80.00 and a twelve month high of $121.18. The company has a current ratio of 0.24, a quick ratio of 0.28 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $24.33 billion, a price-to-earnings ratio of 12.63, a price-to-earnings-growth ratio of 1.27 and a beta of 0.86. The business has a 50 day simple moving average of $112.13 and a 200-day simple moving average of $103.36.

Principal Financial Group (NASDAQ:PFG - Get Free Report) last released its quarterly earnings data on Thursday, October 29th. The company reported $2.22 EPS for the quarter, missing analysts' consensus estimates of $2.46 by ($0.24). Principal Financial Group had a return on equity of 16.51% and a net margin of 11.89%. The business had revenue of $4.62 billion during the quarter, compared to analyst estimates of $4.31 billion. During the same period in the prior year, the firm earned $2.32 EPS. As a group, equities research analysts expect that Principal Financial Group, Inc. will post 9.27 earnings per share for the current year.

Principal Financial Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Wednesday, December 2nd will be paid a $0.85 dividend. The ex-dividend date is Wednesday, December 2nd. This is an increase from Principal Financial Group's previous quarterly dividend of $0.84. This represents a $3.40 dividend on an annualized basis and a yield of 3.0%. Principal Financial Group's payout ratio is presently 37.33%.

More Principal Financial Group News

Here are the key news stories impacting Principal Financial Group this week:

• Positive Sentiment: Third-quarter profit increased, while revenue of $4.62 billion exceeded the $4.31 billion analyst estimate. The results suggest continued operating strength despite pressure from asset outflows. Principal Financial Group Q3 Profit Rises
• Positive Sentiment: Piper Sandler maintained an “overweight” rating, although it reduced its price target from $128 to $125. The revised target still implies meaningful upside from recent trading levels, providing support for the stock. Piper Sandler Stock Recommendations
• Positive Sentiment: Coverage indicates that Principal’s earnings power remains resilient even as the company experiences asset outflows, a constructive signal for retirement and investment-management operations. Principal Financial Group Q3 Earnings Power Through Asset Outflows
• Neutral Sentiment: Analyst opinions remain mixed, with some investors emphasizing the company’s earnings resilience while others remain concerned about flows and the outlook for financial stocks. Analysts Conflicted on Principal Financial
• Negative Sentiment: Quarterly adjusted earnings of $2.22 per share fell short of the $2.46 consensus estimate, which could limit near-term enthusiasm despite the revenue beat.
• Negative Sentiment: Dowling & Partners lowered its EPS forecasts to $9.13 for fiscal 2026, $10.20 for fiscal 2027 and $11.20 for fiscal 2028. Each estimate is below its prior forecast, signaling more cautious expectations for Principal Financial Group’s future earnings.

About Principal Financial Group

Principal Financial Group, Inc is a global financial services company that helps individuals and businesses build, protect and manage wealth. Its offerings include retirement plans, individual retirement accounts, investment products, life and disability insurance, and financial wellness solutions. The company also provides institutional investment management and pension-risk transfer services.

Principal serves employers, institutions and individual investors through a range of retirement and workplace benefits solutions.

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