Principal Financial Group Inc (NYSE:PFG) is expected to pay $0.43 on Dec 27, 2016. The indicated annual dividend is $1.72. Shareholders owning the stock before Dec 1, 2016 will be eligible to receive the payout. Based on Principal Financial Group Inc’s current price of $57.19, the dividend is 0.75%. This dividend’s record date is Dec 5, 2016 and the announcement date is Oct 28, 2016. The stock closed at $57.19 during the last session. It is down 29.89% since April 27, 2016 and is uptrending. It has outperformed by 24.66% the S&P500.
Principal Financial Group, Inc. is an investment management company. The company has a market cap of $16.49 billion. The Firm offers a range of financial services and products, including retirement, asset management and insurance services. It has a 13.41 P/E ratio. The Company’s divisions include Retirement and Income Solutions; Principal Global Investors, Principal International, and U.S.
Insitutional Activity: The institutional sentiment decreased to 1.36 in Q2 2016. Its down 0.01, from 1.37 in 2016Q1. The ratio worsened, as 39 funds sold all Principal Financial Group Inc shares owned while 112 reduced positions. 58 funds bought stakes while 149 increased positions. They now own 189.35 million shares or 5.66% less from 200.71 million shares in 2016Q1.
Oakbrook Investments Ltd Co owns 35,650 shares or 0.08% of their US portfolio. National Bank & Trust Of Mellon Corp accumulated 8.43 million shares or 0.11% of the stock. Jacobs Levy Equity Mngmt accumulated 0.31% or 366,890 shares. Mitsubishi Ufj And Bk holds 0.05% or 594,667 shares in its portfolio. Amp Capital Invsts holds 0.05% of its portfolio in Principal Financial Group Inc (NYSE:PFG) for 198,013 shares. Umb Bank & Trust N A Mo holds 0.04% of its portfolio in Principal Financial Group Inc (NYSE:PFG) for 22,492 shares. Teachers Advsrs accumulated 1.80M shares or 0.13% of the stock. Everence Capital Mngmt Incorporated, a Indiana-based fund reported 6,500 shares. Moreover, First Business Finance Ser Inc has 0.09% invested in Principal Financial Group Inc (NYSE:PFG) for 8,829 shares. Moreover, Henderson Gp Plc has 0.01% invested in Principal Financial Group Inc (NYSE:PFG) for 40,116 shares. Signaturefd Ltd Llc holds 6,197 shares or 0.04% of its portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) reported 131,799 shares or 0.07% of all its holdings. Credit Agricole S A owns 490,732 shares or 0.08% of their US portfolio. Bnp Paribas Investment Prns holds 54,024 shares or 0.02% of its portfolio. Cibc Asset has 27,374 shares for 0.01% of their US portfolio.
Insider Transactions: Since October 28, 2016, the stock had 0 buys, and 2 selling transactions for $1.12 million net activity. Another trade for 13,000 shares valued at $754,000 was sold by SCHOLTEN GARY P. 6,704 shares were sold by Dunbar Timothy Mark, worth $368,720 on Friday, October 28.
Principal Financial Group Inc (NYSE:PFG) Ratings Coverage
Out of 12 analysts covering Principal Financial Group Inc. (NYSE:PFG), 4 rate it a “Buy”, 3 “Sell”, while 5 “Hold”. This means 33% are positive. $61 is the highest target while $35 is the lowest. The $51.25 average target is -10.39% below today’s ($57.19) stock price. Principal Financial Group Inc. has been the topic of 20 analyst reports since August 18, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained Principal Financial Group Inc (NYSE:PFG) rating on Thursday, November 17. RBC Capital Markets has “Outperform” rating and $61 price target. Barclays Capital maintained the shares of PFG in a report on Friday, July 29 with “Equal Weight” rating. The stock of Principal Financial Group Inc (NYSE:PFG) has “Outperform” rating given on Friday, October 23 by Macquarie Research. The company was maintained on Friday, October 23 by RBC Capital Markets. The firm has “Sell” rating by Citigroup given on Wednesday, April 6. The rating was downgraded by Bank of America on Wednesday, June 29 to “Neutral”. The stock of Principal Financial Group Inc (NYSE:PFG) has “Sell” rating given on Thursday, September 10 by Goldman Sachs. The firm has “Sell” rating by Citigroup given on Tuesday, January 5. The firm earned “Neutral” rating on Friday, February 26 by Atlantic Securities. The firm has “Underperform” rating given on Friday, October 7 by Credit Suisse.
PFG Company Profile
Principal Financial Group, Inc., incorporated on April 18, 2001, is an investment management company. The Firm offers a range of financial services and products, including retirement, asset management and insurance services. The Company’s divisions include Retirement and Income Solutions; Principal Global Investors, Principal International, and U.S. Insurance Solutions. The Firm focuses on small and medium-sized businesses, providing a range of retirement and employee benefit solutions, and individual insurance solutions to meet the needs of the business owner and their employees. The Firm offer services to the individuals and institutional clients.
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