Campbell & CO Investment Adviser LLC Sells 34,351 Shares of Principal Financial Group, Inc. $PFG

Campbell & CO Investment Adviser LLC lowered its position in shares of Principal Financial Group, Inc. (NYSE:PFG) by 92.6% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 2,756 shares of the company’s stock after selling 34,351 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Principal Financial Group were worth $228,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in Principal Financial Group by 0.4% during the second quarter. Vanguard Group Inc. now owns 27,345,064 shares of the company’s stock worth $2,172,018,000 after buying an additional 97,149 shares during the period. Bank of America Corp DE lifted its position in shares of Principal Financial Group by 9.6% during the second quarter. Bank of America Corp DE now owns 12,370,852 shares of the company’s stock valued at $982,617,000 after buying an additional 1,083,991 shares during the last quarter. Norges Bank bought a new position in shares of Principal Financial Group during the 2nd quarter worth approximately $227,098,000. Invesco Ltd. lifted its position in Principal Financial Group by 5.4% during the second quarter. Invesco Ltd. now owns 2,740,463 shares of the company’s stock valued at $217,675,000 after acquiring an additional 139,953 shares during the last quarter. Finally, Amundi boosted its stake in Principal Financial Group by 57.6% in the second quarter. Amundi now owns 1,791,246 shares of the company’s stock valued at $144,213,000 after acquiring an additional 654,408 shares in the last quarter. 75.08% of the stock is currently owned by institutional investors.

Insider Activity at Principal Financial Group

In other news, CEO Deanna D. Strable-Soethout sold 300 shares of the business’s stock in a transaction dated Thursday, January 8th. The shares were sold at an average price of $92.50, for a total transaction of $27,750.00. Following the transaction, the chief executive officer owned 62,252 shares of the company’s stock, valued at approximately $5,758,310. The trade was a 0.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Wee Yee Cheong sold 1,887 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $85.04, for a total transaction of $160,470.48. Following the sale, the executive vice president owned 81,421 shares of the company’s stock, valued at approximately $6,924,041.84. The trade was a 2.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 1.08% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Morgan Stanley set a $93.00 price target on Principal Financial Group in a research report on Monday, December 15th. UBS Group upped their price objective on shares of Principal Financial Group from $88.00 to $92.00 and gave the company a “neutral” rating in a report on Thursday, January 8th. Keefe, Bruyette & Woods lifted their target price on shares of Principal Financial Group from $90.00 to $91.00 and gave the stock a “market perform” rating in a research note on Thursday, October 30th. Evercore ISI upped their price target on shares of Principal Financial Group from $92.00 to $94.00 and gave the company an “in-line” rating in a research note on Thursday, October 9th. Finally, Barclays reaffirmed an “underweight” rating and issued a $85.00 price target on shares of Principal Financial Group in a report on Thursday, January 8th. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Principal Financial Group presently has an average rating of “Reduce” and an average price target of $92.88.

Principal Financial Group Stock Down 1.0%

Shares of PFG opened at $91.21 on Friday. The firm has a market cap of $20.32 billion, a P/E ratio of 13.65, a PEG ratio of 0.76 and a beta of 0.89. Principal Financial Group, Inc. has a 12 month low of $68.39 and a 12 month high of $92.69. The stock’s 50 day moving average is $88.13 and its two-hundred day moving average is $83.23. The company has a current ratio of 0.29, a quick ratio of 0.30 and a debt-to-equity ratio of 0.36.

Principal Financial Group (NYSE:PFG) last issued its quarterly earnings results on Monday, October 27th. The company reported $2.32 earnings per share for the quarter, beating analysts’ consensus estimates of $2.20 by $0.12. Principal Financial Group had a net margin of 9.74% and a return on equity of 14.68%. During the same period last year, the firm posted $2.05 EPS. Analysts predict that Principal Financial Group, Inc. will post 8.5 earnings per share for the current fiscal year.

Principal Financial Group Company Profile

Principal Financial Group, commonly known as Principal, is a global financial services company headquartered in Des Moines, Iowa. The firm provides a broad range of retirement, investment management and insurance solutions for individual, employer and institutional clients. Its core businesses include retirement plan services and recordkeeping, asset management, and life and disability insurance, supported by distribution through employers, financial advisors and direct channels.

On the retirement side, Principal offers 401(k) and other workplace retirement plans, individual retirement accounts and annuity products designed to help clients accumulate and manage retirement savings.