West Bancorporation Inc. Takes $49,000 Position in Principal Financial Group, Inc. (NASDAQ:PFG)

West Bancorporation Inc. purchased a new position in Principal Financial Group, Inc. (NASDAQ:PFGGet Rating) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 672 shares of the company’s stock, valued at approximately $49,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Allworth Financial LP boosted its stake in Principal Financial Group by 4.0% in the fourth quarter. Allworth Financial LP now owns 4,353 shares of the company’s stock valued at $315,000 after acquiring an additional 166 shares in the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of Principal Financial Group by 45.4% during the 3rd quarter. First Horizon Advisors Inc. now owns 615 shares of the company’s stock valued at $40,000 after purchasing an additional 192 shares during the last quarter. AdvisorNet Financial Inc lifted its holdings in shares of Principal Financial Group by 14.6% during the 4th quarter. AdvisorNet Financial Inc now owns 1,578 shares of the company’s stock valued at $114,000 after purchasing an additional 201 shares during the last quarter. IndexIQ Advisors LLC lifted its holdings in shares of Principal Financial Group by 4.5% during the 3rd quarter. IndexIQ Advisors LLC now owns 4,697 shares of the company’s stock valued at $302,000 after purchasing an additional 203 shares during the last quarter. Finally, Centennial Wealth Advisory LLC lifted its holdings in shares of Principal Financial Group by 5.9% during the 4th quarter. Centennial Wealth Advisory LLC now owns 3,668 shares of the company’s stock valued at $265,000 after purchasing an additional 205 shares during the last quarter. Hedge funds and other institutional investors own 75.40% of the company’s stock.

Shares of NASDAQ:PFG traded down $2.50 during trading on Friday, reaching $68.14. 2,222,182 shares of the company’s stock traded hands, compared to its average volume of 1,329,449. Principal Financial Group, Inc. has a fifty-two week low of $58.66 and a fifty-two week high of $80.36. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.27. The firm has a market cap of $17.19 billion, a PE ratio of 11.69, a P/E/G ratio of 1.22 and a beta of 1.52. The company has a 50-day simple moving average of $71.01 and a 200-day simple moving average of $71.64.

Principal Financial Group (NASDAQ:PFGGet Rating) last posted its earnings results on Thursday, April 28th. The company reported $1.63 EPS for the quarter, beating the Zacks’ consensus estimate of $1.56 by $0.07. Principal Financial Group had a return on equity of 11.55% and a net margin of 11.99%. During the same quarter in the previous year, the firm posted $1.53 EPS. On average, equities research analysts forecast that Principal Financial Group, Inc. will post 6.58 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 24th. Investors of record on Thursday, June 2nd will be paid a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date of this dividend is Wednesday, June 1st. Principal Financial Group’s dividend payout ratio is presently 43.91%.

Several brokerages have recently commented on PFG. Wolfe Research began coverage on Principal Financial Group in a report on Friday, January 21st. They set a “market perform” rating and a $79.00 price objective for the company. JPMorgan Chase & Co. upped their target price on Principal Financial Group from $71.00 to $72.00 in a research report on Tuesday, January 4th. Piper Sandler upped their target price on Principal Financial Group from $76.00 to $78.00 and gave the company a “neutral” rating in a research report on Wednesday, April 6th. Barclays upped their target price on Principal Financial Group from $82.00 to $86.00 and gave the company an “overweight” rating in a research report on Wednesday, February 9th. Finally, Royal Bank of Canada cut their target price on Principal Financial Group from $82.00 to $79.00 and set a “sector perform” rating on the stock in a research report on Thursday, March 3rd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $74.27.

Principal Financial Group Profile (Get Rating)

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 Global Investors, Principal International, and U.S. Insurance Solutions segments.

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Institutional Ownership by Quarter for Principal Financial Group (NASDAQ:PFG)

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