Principal Financial Group, Inc. (NASDAQ:PFG) Bank of Montreal may have a stock position of $11.07 million.

In the second quarter, Bank of Montreal acquired Principal Financial Group, Inc., reports HoldingsChannel.com. (NASDAQ:PFG – GATE Ratings) reduced its position by 3.4%. The fund held 161,573 shares of the company’s stock after selling 5,738 shares during the period. Bank of Montreal Can’s holdings in Principal Financial Group were $11,066,000 as of the most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently modified their holdings of PFG. Metis Global Partners LLC purchased a new stake in shares of Principal Financial Group valued at approximately $295,000 in the first quarter. Arizona State Retirement System increased shares of Principal Financial Group by 1.0% during the first quarter. Arizona State Retirement System now holds 73,784 shares of the company valued at $5,416,000 after buying an additional 709 shares during the period. Commonwealth Equity Services LLC soared 16.2% in shares of Principal Financial Group during the first quarter. Commonwealth Equity Services LLC now holds 63,050 shares of the company valued at $4,628,000 after purchasing an additional 8,767 shares during the period. Victory Capital Management Inc. Shares of Principal Financial Group rose 4.3% during the first quarter. Victory Capital Management Inc. after buying an additional 33,152 shares during the period. holds 806,568 shares of the company worth $54,960,000. Lastly, Financial Advisory Services Inc. increased its position in shares of Principal Financial Group to 42.2% during the first quarter. Financial Advisory Services Inc. He owns 12,155 shares of the company valued at $892,000 after purchasing an additional 3,606 shares during the period. Institutional investors hold 75.12% of the company’s stock.

Prime Financial Group stock up 0.1%

NASDAQ PFG opened at $91.78 on Thursday. The stock has a fifty-day moving average of $83.30 and a 200-day moving average of $75.04. The stock has a market capitalization of $22.46 billion, a P/E ratio of 4.45, a price-to-earnings-growth ratio of 2.59, and a beta of 1.29. Principal Financial Group, Inc. The 52-week low is $61.05 and the 52-week high is $96.17. The company has a debt-to-equity ratio of 0.42, quick ratio of 0.37 and current ratio of 0.37.

Principal Financial Group Dividend Declaration

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The company also recently declared a quarterly dividend, which will be paid on Monday, December 19. A $0.64 dividend will be paid to shareholders of record on Thursday, December 1st. The ex-dividend date for this dividend is Wednesday, November 30. This represents a $2.56 annual dividend and a dividend yield of 2.79%. The Dividend Payout Ratio (DPR) of Principal Financial Group currently stands at 12.41%.

Analyst Rating Changes

Several research firms recently commented on PFG. Evercore ISI downgraded Principal Financial Group from “in-line” rating to “underperform” rating and raised their target price for the stock from $75.00 to $81.00 in a research report on Thursday, November 17. Raymond James assumed coverage on Prime Financial Group in a report on Wednesday, September 21. They determine a “market performance” rating for the company. Citigroup raised its price target on Principal Financial Group from $62.00 to $65.00 in a report on Wednesday, November 16. StockNews.com assumed coverage on Prime Financial Group in a report on Wednesday, October 12. They set a “Hold” rating for the company. Finally, Credit Suisse Group cut Principal Financial Group to a “neutral” rating from “outperform” rating and raised its price target for the company from $82.00 to $86.00 in a report on Thursday, August 18. Seven investment analysts have rated the stock with a Sell rating and seven have a Hold rating on the stock. Principal Financial Group has an average rating of “Hold” and a consensus target price of $77.50, based on data from MarketBeat.com.

insider buying and selling

In related news, EVP Wei Yi Cheong sold 2,447 shares of Principal Financial Group stock in a transaction on Tuesday, Sep 13. The stock was sold at an average price of $78.45, for a total transaction of $191,967.15. Following the completion of the sale, the executive vice president now directly owns 34,700 shares of company stock valued at $2,722,215. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, director Sandra L. Helton sold 14,033 shares of Principal Financial Group stock in a transaction on Tuesday, Oct 18. The stock was sold at an average price of $80.05, for a total transaction of $1,123,341.65. Following completion of the sale, the Director now directly owns 18,245 shares of Company stock valued at $1,460,512.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Wei Yi Cheong sold 2,447 shares of Principal Financial Group stock in a transaction on Tuesday, Sep 13. The stock was sold at an average price of $78.45 for a total value of $191,967.15. Following the sale, the executive vice president now directly owns 34,700 shares of the company’s stock, valued at $2,722,215. Disclosure of this sale can be found here. 1.17% of the stock is owned by insiders.

Major Financial Group Company Profile

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Principal Financial Group, Inc. provides retirement, asset management and insurance products and services to businesses, individuals and institutional clients worldwide. The company operates through the Retirement and Income Solutions, Principal Global Investors, Principal International and US Insurance Solutions segments.

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Want to see which other hedge funds are holding PFG? Principal Financial Group, Inc. Visit HoldingsChannel.com to get the latest 13F filings and insider trades. (NASDAQ:PFG – Gate Rating).

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

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