Economy

Principal Financial Group (PFG) Given News Impact Rating of 0.39

The stock decreased 1.48% or $0.78 on September 29, reaching $51.85. The stock had a trading volume of 58,416 shares. It has underperformed by 28.96% the S&P500. This is a boost from Principal Financial Group's previous quarterly dividend of $0.43.

Mairs & Power Inc decreased its stake in Principal Financial (PFG) by 0.56% based on its latest 2017Q2 regulatory filing with the SEC. The State Treasurer State Of Michigan holds 2.01M shares with $162.00M value, up from 1.44M last quarter. Principal Financial Group had a return on equity of 12.73% and a net margin of 10.55%. Stockholders of record on Friday, September 1st will be given a dividend of $0.47 per share. 837,114 shares of the company traded hands. The stock of Principal Financial Group Inc (NYSE:PFG) earned "Buy" rating by Wells Fargo on Thursday, June 29. It has outperformed by 26.90% the S&P500. Jacobi Capital Management has an ownership of 2,691 stocks of the financial services provider's shares valued $167,000 after scooping up an extra 2,003 stocks in the previous period. It also upped Eog Res Inc (NYSE:EOG) stake by 27,864 shares and now owns 166,749 shares. Lamb Weston Hldgs Inc was raised too.

Investors sentiment decreased to 1.06 in 2017 Q2. The financial services provider reported $1.31 earnings per share for the quarter, beating analysts' consensus estimates of $1.22 by $0.09. Monetary Mgmt Group invested in 450 shares.

Other hedge funds and other institutional investors have also made changes to their positions in the company. 193.64 million shares or 2.51% less from 198.64 million shares in 2017Q1 were reported. $320,050 worth of Principal Financial Group Inc (NYSE:PFG) shares were sold by MCCAUGHAN JAMES P. The insider SCHOLTEN GARY P sold 21,950 shares worth $1.43 million.

02/26/2016 - Principal Financial Group Inc was downgraded to "neutral" by analysts at Atlantic Equities. Plante Moran Financial Lc holds 0.04% or 957 shares. Everence Mgmt has 6,500 shares. It also reduced its holding in General Electric Co (NYSE:GE) by 24,433 shares in the quarter, leaving it with 362,559 shares, and cut its stake in Spdr S&P 500 Etf Tr (SPY). Principal Financial Grp Inc Inc has invested 0.01% in F5 Networks, Inc. West Oak Capital Limited Liability holds 0% or 696 shares in its portfolio. Pinebridge Invests LP holds 0.09% or 55,735 shares in its portfolio. Aqr Capital Management Limited Liability invested in 0% or 34,308 shares. Citigroup initiated the shares of LB in report on Wednesday, October 7 with "Neutral" rating. Franklin holds 0% of its portfolio in Principal Financial Group Inc (NYSE:PFG) for 15,300 shares. Principal Financial Group earned a coverage optimism score of 0.39 on AlphaOne's scale. Three brokerage firms recommended the company shares with a sell recommendation, four have issued a hold recommendation and around three have issued a buy recommendation to the firms shares. the share presently has a average recommendation of "Hold" and an consensus price target of $63.88.

Since April 6, 2017, it had 0 insider purchases, and 7 selling transactions for $9.94 million activity. Mairs & Power Inc sold 14,523 shares as the company's stock declined 2.08% while stock markets rallied. Everett Nora Mary sold $552,624 worth of stock. Valdes Luis E. had sold 10,375 shares worth $664,000 on Tuesday, May 16. The stock has "Overweight" rating by JP Morgan on Monday, June 6. (NYSE:V), 28 have Buy rating, 0 Sell and 5 Hold. Therefore 36% are positive. $2.48M worth of Principal Financial Group Inc (NYSE:PFG) was sold by SHAFF KAREN E on Monday, June 12. The average twelve-month target price among analysts that have covered the stock in the past year is $63.88. The rating was upgraded by Goldman Sachs on Monday, August 22 to "Buy". The stock has "Outperform" rating by Wells Fargo on Friday, September 23.

OxFORD Asset Management LLP purchased a new position in shares of Principal Financial Group Inc (NYSE:PFG) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. Wunderlich has "Hold" rating and $115 target. On Tuesday, January 5 the stock rating was downgraded by Citigroup to "Sell". The stock has "Outperform" rating by RBC Capital Markets on Thursday, November 17. "The stock has "Mkt Perform" rating by Bruyette & Woods" on Tuesday, August 18. The rating was maintained by RBC Capital Markets with "Buy" on Tuesday, September 5.

Principal Financial Group Inc (NYSE:PFG) traded up 1.1166% during mid-day trading on Wednesday, hitting $64.0675. PFG's profit will be $369.80 million for 12.50 P/E if the $1.28 EPS becomes a reality.

Since May 2, 2017, it had 0 insider purchases, and 13 sales for $960.72 million activity.

Tyvor Capital Llc decreased Lululemon Athletica Inc (NASDAQ:LULU) stake by 9,581 shares to 45,419 valued at $2.71 million in 2017Q2.

Investors sentiment increased to 1.13 in Q2 2017. Its up 0.03, from 0.95 in 2017Q1. It worsened, as 64 investors sold AMZN shares while 542 reduced holdings. About 367,533 shares traded. Mercer Cap Advisers Incorporated reported 200 shares. 2,300 are owned by Hillsdale Inv Management Inc. Institutional investors own 68.26% of the company's stock. State Street Corporation holds 3.01M shares. Whittier Co Of Nevada invested in 0% or 127 shares. First Houston Cap Inc accumulated 47,550 shares. Park Oh stated it has 454,815 shares or 1.59% of all its holdings. Gradient Invs Ltd Liability Corp holds 0% or 1 shares in its portfolio. Rosenblum Silverman Sutton S F Inc Ca owns 28,567 shares. Dekabank Deutsche Girozentrale reported 508,014 shares. Penobscot Mngmt Inc accumulated 79,888 shares. Saturna Capital Corporation holds 1.58% of its portfolio in Nike Inc (NYSE:NKE) for 808,926 shares. The Firm offers a range of financial services and products, including retirement, asset management and insurance.

Among 33 analysts covering Visa Inc. Therefore 57% are positive. Their 52-Week High and Low are noted here. Royal Bank Of Canada reiterated a "buy" recommendation and fixed a $74.00 target price on the stock of Principal Financial Group in a study note published on Wed, Sep 6th.



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