Greenwood Capital Associates LLC Buys 219 Shares of Principal Financial Group, Inc. (NYSE:PFG)

Greenwood Capital Associates LLC boosted its stake in shares of Principal Financial Group, Inc. (NYSE:PFG) by 1.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,578 shares of the company’s stock after purchasing an additional 219 shares during the quarter. Greenwood Capital Associates LLC’s holdings in Principal Financial Group were worth $1,361,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Peterson Financial Group Inc. purchased a new position in shares of Principal Financial Group in the 3rd quarter worth approximately $33,000. Truvestments Capital LLC acquired a new stake in Principal Financial Group in the third quarter valued at approximately $43,000. Prospera Private Wealth LLC purchased a new position in Principal Financial Group in the third quarter worth $45,000. Sugarloaf Wealth Management LLC increased its position in shares of Principal Financial Group by 53.6% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 559 shares of the company’s stock worth $43,000 after purchasing an additional 195 shares in the last quarter. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Principal Financial Group during the 3rd quarter valued at $50,000. Hedge funds and other institutional investors own 75.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. BMO Capital Markets assumed coverage on Principal Financial Group in a report on Thursday, January 23rd. They issued a “market perform” rating and a $93.00 price target for the company. Keefe, Bruyette & Woods decreased their price target on shares of Principal Financial Group from $93.00 to $90.00 and set a “market perform” rating for the company in a report on Friday, January 10th. JPMorgan Chase & Co. raised Principal Financial Group from a “neutral” rating to an “overweight” rating and cut their target price for the company from $95.00 to $92.00 in a research report on Tuesday, January 7th. Bank of America lowered their price target on Principal Financial Group from $94.00 to $91.00 and set a “neutral” rating for the company in a research report on Thursday, October 10th. Finally, Piper Sandler upgraded shares of Principal Financial Group from a “neutral” rating to an “overweight” rating and set a $90.00 price target on the stock in a report on Wednesday, December 18th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $84.92.

Principal Financial Group Stock Down 1.5 %

Shares of NYSE:PFG opened at $81.22 on Tuesday. Principal Financial Group, Inc. has a fifty-two week low of $72.21 and a fifty-two week high of $91.97. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.35. The firm’s 50-day simple moving average is $80.66 and its 200-day simple moving average is $82.18. The company has a market cap of $18.58 billion, a price-to-earnings ratio of -90.01, a PEG ratio of 0.81 and a beta of 1.22.

Principal Financial Group 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.