Metis International Companions LLC lifted its stake in shares of Principal Monetary Group, Inc. (NYSE:PFG – Free Report) by 5.0% in the course of the third quarter, in response to the corporate in its most up-to-date submitting with the Securities & Trade Fee. The institutional investor owned 11,230 shares of the corporate’s inventory after buying an extra 533 shares in the course of the interval. Metis International Companions LLC’s holdings in Principal Monetary Group had been value $965,000 on the finish of the newest quarter.
A number of different giant buyers additionally not too long ago made modifications to their positions in PFG. KBC Group NV raised its place in Principal Monetary Group by 1.8% in the course of the third quarter. KBC Group NV now owns 58,464 shares of the corporate’s inventory value $5,022,000 after buying an extra 1,046 shares within the final quarter. Pinnacle Monetary Companions Inc purchased a brand new stake in shares of Principal Monetary Group within the third quarter valued at about $57,000. Prime Capital Funding Advisors LLC lifted its stake in Principal Monetary Group by 2.3% within the third quarter. Prime Capital Funding Advisors LLC now owns 6,358 shares of the corporate’s inventory valued at $546,000 after buying an extra 142 shares over the last quarter. WCM Funding Administration LLC purchased a brand new place in Principal Monetary Group in the course of the third quarter value about $265,000. Lastly, Versor Investments LP acquired a brand new place in Principal Monetary Group in the course of the third quarter value roughly $825,000. Institutional buyers and hedge funds personal 75.08% of the corporate’s inventory.
Analyst Upgrades and Downgrades
PFG has been the topic of a lot of latest analyst experiences. Financial institution of America reduce their value goal on Principal Monetary Group from $94.00 to $91.00 and set a “impartial” score for the corporate in a analysis report on Thursday, October tenth. Barclays lifted their value goal on shares of Principal Monetary Group from $75.00 to $77.00 and gave the inventory an “underweight” score in a analysis report on Friday, October twenty fifth. Keefe, Bruyette & Woods dropped their value goal on shares of Principal Monetary Group from $88.00 to $86.00 and set a “market carry out” score on the inventory in a analysis report on Tuesday, July thirtieth. Morgan Stanley decreased their goal value on shares of Principal Monetary Group from $85.00 to $83.00 and set an “equal weight” score for the corporate in a report on Monday, August nineteenth. Lastly, Citigroup elevated their value goal on shares of Principal Monetary Group from $68.00 to $70.00 and gave the corporate a “promote” score in a report on Tuesday, July twenty third. Two equities analysis analysts have rated the inventory with a promote score, 9 have given a maintain score and one has given a robust purchase score to the corporate’s inventory. Primarily based on knowledge from MarketBeat.com, Principal Monetary Group presently has a consensus score of “Maintain” and a median value goal of $85.58.
View Our Newest Analysis Report on PFG
Principal Monetary Group Inventory Up 0.2 %
NYSE PFG opened at $86.56 on Monday. The corporate has a present ratio of 0.30, a fast ratio of 0.30 and a debt-to-equity ratio of 0.35. The corporate has a market cap of $19.80 billion, a price-to-earnings ratio of -96.18, a PEG ratio of 1.00 and a beta of 1.20. The corporate has a 50 day shifting common of $85.60 and a 200-day shifting common of $82.23. Principal Monetary Group, Inc. has a 1-year low of $71.37 and a 1-year excessive of $91.97.
Principal Monetary Group (NYSE:PFG – Get Free Report) final introduced its quarterly earnings knowledge on Thursday, October twenty fourth. The corporate reported $1.76 earnings per share for the quarter, lacking the consensus estimate of $2.02 by ($0.26). The corporate had income of $3.01 billion in the course of the quarter, in comparison with analyst estimates of $3.92 billion. Principal Monetary Group had a unfavorable internet margin of 1.47% and a optimistic return on fairness of 14.67%. Throughout the identical interval within the prior yr, the agency earned $1.72 earnings per share. On common, equities analysis analysts anticipate that Principal Monetary Group, Inc. will submit 7.09 earnings per share for the present fiscal yr.
Principal Monetary Group Will increase Dividend
The corporate additionally not too long ago disclosed a quarterly dividend, which might be paid on Wednesday, December 18th. Buyers of file on Monday, December 2nd might be given a dividend of $0.73 per share. This can be a increase from Principal Monetary Group’s earlier quarterly dividend of $0.72. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $2.92 annualized dividend and a yield of three.37%. Principal Monetary Group’s dividend payout ratio is at the moment -320.00%.
Principal Monetary Group Profile
Principal Monetary Group, Inc offers retirement, asset administration, and insurance coverage services and products to companies, people, and institutional shoppers worldwide. The corporate operates by Retirement and Revenue Options, Principal Asset Administration, and Advantages and Safety segments. The Retirement and Revenue Options section offers retirement, and associated monetary services and products.
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