Kintegral Advisory LLC Decreases Stock Holdings in Principal Financial Group, Inc. (NYSE:PFG)

Kintegral Advisory LLC trimmed its position in shares of Principal Financial Group, Inc. (NYSE:PFG - Free Report) by 32.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 32,794 shares of the company's stock after selling 16,083 shares during the period. Kintegral Advisory LLC's holdings in Principal Financial Group were worth $2,767,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of PFG. Tompkins Financial Corp purchased a new position in shares of Principal Financial Group during the 1st quarter valued at $55,000. SG Americas Securities LLC purchased a new stake in Principal Financial Group during the first quarter valued at about $943,000. Quantbot Technologies LP boosted its position in Principal Financial Group by 2,064.3% during the fourth quarter. Quantbot Technologies LP now owns 148,299 shares of the company's stock worth $11,480,000 after purchasing an additional 141,447 shares during the period. Vest Financial LLC purchased a new position in shares of Principal Financial Group in the first quarter worth about $787,000. Finally, Sound Income Strategies LLC raised its position in shares of Principal Financial Group by 3.5% in the first quarter. Sound Income Strategies LLC now owns 236,617 shares of the company's stock valued at $19,963,000 after purchasing an additional 7,940 shares during the period. 75.08% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Piper Sandler lifted their price objective on shares of Principal Financial Group from $88.00 to $89.00 and gave the company an "overweight" rating in a research note on Thursday. Keefe, Bruyette & Woods lifted their price target on Principal Financial Group from $86.00 to $87.00 and gave the company a "market perform" rating in a research report on Wednesday, May 7th. Wells Fargo & Company increased their price objective on Principal Financial Group from $68.00 to $69.00 and gave the stock an "underweight" rating in a report on Tuesday, April 29th. UBS Group reduced their target price on Principal Financial Group from $93.00 to $80.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. Finally, Morgan Stanley increased their price target on shares of Principal Financial Group from $67.00 to $71.00 and gave the stock an "underweight" rating in a report on Monday, May 19th. Four research analysts have rated the stock with a sell rating, six have given a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $83.38.

Principal Financial Group Price Performance

PFG traded up $0.37 on Friday, reaching $80.88. The company had a trading volume of 605,866 shares, compared to its average volume of 1,327,313. 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 52-week low of $68.39 and a 52-week high of $91.98. The company has a market cap of $18.13 billion, a price-to-earnings ratio of 12.11, a P/E/G ratio of 0.76 and a beta of 0.99. The business has a 50 day simple moving average of $77.71 and a 200 day simple moving average of $79.56.

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

Principal Financial Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Monday, June 2nd were given a dividend of $0.76 per share. The ex-dividend date of this dividend was Monday, June 2nd. 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 3.76%. Principal Financial Group's dividend payout ratio is 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.