AE Wealth Management LLC Has $11.58 Million Position in Principal Financial Group, Inc. (NYSE:PFG)

AE Wealth Management LLC increased its position in Principal Financial Group, Inc. (NYSE:PFG - Free Report) by 11.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 137,256 shares of the company's stock after buying an additional 13,683 shares during the period. AE Wealth Management LLC owned 0.06% of Principal Financial Group worth $11,580,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PFG. von Borstel & Associates Inc. bought a new stake in shares of Principal Financial Group during the 1st quarter worth about $32,000. Ameriflex Group Inc. acquired a new stake in Principal Financial Group in the 4th quarter worth approximately $37,000. Navigoe LLC bought a new stake in Principal Financial Group during the fourth quarter worth approximately $37,000. Covestor Ltd grew its holdings in Principal Financial Group by 144.3% during the fourth quarter. Covestor Ltd now owns 540 shares of the company's stock valued at $42,000 after purchasing an additional 319 shares during the last quarter. Finally, MorganRosel Wealth Management LLC bought a new position in shares of Principal Financial Group in the first quarter valued at approximately $46,000. Institutional investors own 75.08% of the company's stock.

Principal Financial Group Price Performance

Principal Financial Group stock traded down $0.55 during trading hours on Thursday, reaching $80.33. 766,531 shares of the stock were exchanged, compared to its average volume of 1,403,148. The stock has a 50 day moving average of $78.64 and a two-hundred day moving average of $79.89. The company has a market cap of $18.01 billion, a P/E ratio of 12.03, a price-to-earnings-growth ratio of 0.76 and a beta of 0.99. The company has a current ratio of 0.29, a quick ratio of 0.30 and a debt-to-equity ratio of 0.36. Principal Financial Group, Inc. has a twelve month low of $68.39 and a twelve month high of $91.97.

Principal Financial Group (NYSE:PFG - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The company reported $1.81 earnings per share for the quarter, missing analysts' consensus estimates 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 quarter last year, the company earned $1.65 earnings per share. Equities analysts expect that Principal Financial Group, Inc. will post 8.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on PFG. Piper Sandler upped their price target on shares of Principal Financial Group from $88.00 to $89.00 and gave the company an "overweight" rating in a report on Thursday, July 3rd. UBS Group decreased their target price on Principal Financial Group from $93.00 to $80.00 and set a "neutral" rating for the company in a research note on Tuesday, April 29th. Wells Fargo & Company lifted their price target on Principal Financial Group from $69.00 to $73.00 and gave the stock an "underweight" rating in a research report on Thursday, July 10th. Barclays increased their price target on shares of Principal Financial Group from $76.00 to $80.00 and gave the company an "underweight" rating in a report on Monday, July 7th. Finally, JPMorgan Chase & Co. upped their price target on Principal Financial Group from $92.00 to $101.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $86.30.

Principal Financial Group Company 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.