Scientech Research LLC Has $890,000 Holdings in Principal Financial Group, Inc. $PFG

Scientech Research LLC boosted its holdings in shares of Principal Financial Group, Inc. (NYSE:PFG - Free Report) by 58.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,544 shares of the company's stock after acquiring an additional 3,904 shares during the quarter. Scientech Research LLC's holdings in Principal Financial Group were worth $890,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of PFG. Captrust Financial Advisors raised its stake in shares of Principal Financial Group by 13.9% during the 4th quarter. Captrust Financial Advisors now owns 30,607 shares of the company's stock worth $2,369,000 after purchasing an additional 3,731 shares in the last quarter. EP Wealth Advisors LLC raised its stake in shares of Principal Financial Group by 5.1% during the 4th quarter. EP Wealth Advisors LLC now owns 10,491 shares of the company's stock worth $812,000 after purchasing an additional 509 shares in the last quarter. Deutsche Bank AG raised its stake in shares of Principal Financial Group by 73.5% during the 4th quarter. Deutsche Bank AG now owns 1,482,053 shares of the company's stock worth $114,726,000 after purchasing an additional 627,865 shares in the last quarter. Graham Capital Management L.P. raised its stake in shares of Principal Financial Group by 240.8% during the 4th quarter. Graham Capital Management L.P. now owns 8,122 shares of the company's stock worth $629,000 after purchasing an additional 5,739 shares in the last quarter. Finally, Interval Partners LP raised its stake in shares of Principal Financial Group by 1.2% during the 4th quarter. Interval Partners LP now owns 113,995 shares of the company's stock worth $8,824,000 after purchasing an additional 1,352 shares in the last quarter. 75.08% of the stock is currently owned by institutional investors and hedge funds.

Principal Financial Group Stock Down 1.6%

Shares of PFG stock opened at $79.98 on Monday. The stock's 50 day simple moving average is $79.37 and its 200 day simple moving average is $79.10. 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 twelve month low of $68.39 and a twelve month high of $91.97. The company has a market capitalization of $17.82 billion, a price-to-earnings ratio of 11.97, a PEG ratio of 0.76 and a beta of 1.03.

Principal Financial Group (NYSE:PFG - Get Free Report) last issued its quarterly earnings data on Monday, July 28th. The company reported $2.16 earnings per share for the quarter, beating analysts' consensus estimates of $1.97 by $0.19. Principal Financial Group had a return on equity of 14.68% and a net margin of 9.74%.During the same period in the prior year, the business posted $1.63 EPS. As a group, research analysts predict that Principal Financial Group, Inc. will post 8.5 EPS for the current year.

Principal Financial Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Thursday, September 4th will be given a $0.78 dividend. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $3.12 annualized dividend and a yield of 3.9%. This is an increase from Principal Financial Group's previous quarterly dividend of $0.76. Principal Financial Group's dividend payout ratio (DPR) is presently 62.78%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. raised their price target on Principal Financial Group from $92.00 to $101.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. Morgan Stanley raised their price target on Principal Financial Group from $75.00 to $77.00 and gave the stock an "underweight" rating in a research note on Monday, August 18th. Piper Sandler raised their price target on Principal Financial Group from $88.00 to $89.00 and gave the stock an "overweight" rating in a research note on Thursday, July 3rd. Barclays raised their price target on Principal Financial Group from $76.00 to $80.00 and gave the stock an "underweight" rating in a research note on Monday, July 7th. Finally, Keefe, Bruyette & Woods cut their price objective on Principal Financial Group from $90.00 to $88.00 and set a "market perform" rating on the stock in a research note on Monday, August 4th. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Reduce" and an average target price of $86.90.

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.

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