Citigroup Inc. Sells 12,567 Shares of Principal Financial Group, Inc. $PFG

Citigroup Inc. reduced its position in shares of Principal Financial Group, Inc. (NYSE:PFG) by 5.8% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 203,574 shares of the company’s stock after selling 12,567 shares during the quarter. Citigroup Inc.’s holdings in Principal Financial Group were worth $16,878,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Traub Capital Management LLC acquired a new position in Principal Financial Group during the 2nd quarter worth $26,000. Capital A Wealth Management LLC lifted its position in shares of Principal Financial Group by 5,533.3% during the 2nd quarter. Capital A Wealth Management LLC now owns 338 shares of the company’s stock worth $27,000 after purchasing an additional 332 shares during the last quarter. CYBER HORNET ETFs LLC bought a new stake in Principal Financial Group during the 2nd quarter valued at approximately $45,000. Financial Consulate Inc. acquired a new stake in Principal Financial Group in the 3rd quarter valued at approximately $46,000. Finally, Hantz Financial Services Inc. increased its position in Principal Financial Group by 206.6% in the 2nd quarter. Hantz Financial Services Inc. now owns 604 shares of the company’s stock worth $48,000 after buying an additional 407 shares during the period. 75.08% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PFG has been the subject of several research reports. Wells Fargo & Company raised Principal Financial Group from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $85.00 to $91.00 in a research report on Wednesday. Barclays reissued an “underweight” rating and issued a $85.00 price target on shares of Principal Financial Group in a report on Thursday, January 8th. Morgan Stanley set a $93.00 price objective on shares of Principal Financial Group in a report on Monday, December 15th. Piper Sandler increased their target price on shares of Principal Financial Group from $94.00 to $100.00 and gave the company an “overweight” rating in a research note on Tuesday, December 23rd. Finally, UBS Group boosted their price target on Principal Financial Group from $88.00 to $92.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th. One analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Principal Financial Group currently has an average rating of “Hold” and a consensus target price of $93.89.

Principal Financial Group Stock Performance

NYSE PFG opened at $95.42 on Friday. Principal Financial Group, Inc. has a twelve month low of $68.39 and a twelve month high of $97.88. The company has a quick ratio of 0.30, a current ratio of 0.29 and a debt-to-equity ratio of 0.36. The stock has a market cap of $20.69 billion, a P/E ratio of 14.28, a PEG ratio of 0.76 and a beta of 0.89. The company’s 50-day simple moving average is $91.96 and its 200 day simple moving average is $85.82.

Principal Financial Group (NYSE:PFG) last announced its quarterly earnings results on Monday, February 9th. The company reported $2.19 EPS for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.03). Principal Financial Group had a return on equity of 14.68% and a net margin of 9.74%.During the same quarter in the prior year, the firm posted $1.94 EPS. Principal Financial Group has set its FY 2026 guidance at 9.010-9.260 EPS. As a group, research analysts forecast that Principal Financial Group, Inc. will post 8.5 earnings per share for the current fiscal year.

Principal Financial Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Wednesday, March 11th will be paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 3.4%. This is an increase from Principal Financial Group’s previous quarterly dividend of $0.79. The ex-dividend date of this dividend is Wednesday, March 11th. Principal Financial Group’s payout ratio is currently 60.72%.

Insider Buying and Selling

In related news, CEO Deanna D. Strable-Soethout sold 9,300 shares of the firm’s stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $95.12, for a total value of $884,616.00. Following the transaction, the chief executive officer owned 144,168 shares in the company, valued at $13,713,260.16. This trade represents a 6.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders sold 24,965 shares of company stock valued at $2,352,460. 1.08% of the stock is currently owned by company insiders.

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.