Foster & Motley Inc. Has $2.25 Million Holdings in Principal Financial Group, Inc. (NYSE:PFG)

Foster & Motley Inc. cut its position in Principal Financial Group, Inc. (NYSE:PFG) by 8.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,005 shares of the company’s stock after selling 2,600 shares during the period. Foster & Motley Inc.’s holdings in Principal Financial Group were worth $2,245,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PFG. Peterson Financial Group Inc. acquired a new position in shares of Principal Financial Group during the third quarter worth approximately $33,000. Truvestments Capital LLC acquired a new position in shares of Principal Financial Group during the third quarter worth approximately $43,000. Sugarloaf Wealth Management LLC lifted 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. Prospera Private Wealth LLC acquired a new position in shares of Principal Financial Group during the third quarter worth approximately $45,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of Principal Financial Group during the third quarter worth approximately $50,000. 75.08% of the stock is currently owned by institutional investors and hedge funds.

Principal Financial Group Price Performance

PFG stock opened at $83.51 on Friday. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.35. Principal Financial Group, Inc. has a 12 month low of $72.21 and a 12 month high of $91.97. The firm has a market cap of $19.10 billion, a P/E ratio of -92.79, a P/E/G ratio of 0.80 and a beta of 1.22. The company’s 50-day moving average price is $80.75 and its two-hundred day moving average price is $82.26.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Morgan Stanley reiterated an “underweight” rating and set a $80.00 target price (down from $86.00) on shares of Principal Financial Group in a research report on Thursday, December 5th. Wells Fargo & Company dropped their price target on shares of Principal Financial Group from $75.00 to $69.00 and set an “underweight” rating for the company in a research note on Tuesday, January 14th. Piper Sandler raised shares of Principal Financial Group from a “neutral” rating to an “overweight” rating and set a $90.00 price target for the company in a research note on Wednesday, December 18th. Barclays boosted their price target on shares of Principal Financial Group from $75.00 to $77.00 and gave the stock an “underweight” rating in a research note on Friday, October 25th. Finally, Keefe, Bruyette & Woods dropped 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 research note on Friday, January 10th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $84.92.

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.