Moneta Group Investment Advisors buys $3 Million stake in Principal Financial Group Inc (PFG)

Principal Financial Group Inc (PFG) : Moneta Group Investment Advisors scooped up 7,395 additional shares in Principal Financial Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 71,680 shares of Principal Financial Group Inc which is valued at $3 Million.Principal Financial Group Inc makes up approximately 0.67% of Moneta Group Investment Advisors’s portfolio.

Other Hedge Funds, Including , Keel Point sold out all of its stake in PFG during the most recent quarter. The investment firm sold 27,413 shares of PFG which is valued $1.1 Million.Cibc Asset Management Inc boosted its stake in PFG in the latest quarter, The investment management firm added 412 additional shares and now holds a total of 26,790 shares of Principal Financial Group Inc which is valued at $1.1 Million. Principal Financial Group Inc makes up approx 0.01% of Cibc Asset Management Inc’s portfolio.Motco boosted its stake in PFG in the latest quarter, The investment management firm added 256 additional shares and now holds a total of 863 shares of Principal Financial Group Inc which is valued at $36,419.Btc Capital Management boosted its stake in PFG in the latest quarter, The investment management firm added 8,102 additional shares and now holds a total of 54,728 shares of Principal Financial Group Inc which is valued at $2.3 Million. Principal Financial Group Inc makes up approx 0.53% of Btc Capital Management’s portfolio.Checchi Capital Advisers boosted its stake in PFG in the latest quarter, The investment management firm added 243 additional shares and now holds a total of 6,363 shares of Principal Financial Group Inc which is valued at $268,519. Principal Financial Group Inc makes up approx 0.07% of Checchi Capital Advisers’s portfolio.

Principal Financial Group Inc opened for trading at $44.22 and hit $44.9 on the upside on Wednesday, eventually ending the session at $44.41, with a gain of 0.63% or 0.28 points. The heightened volatility saw the trading volume jump to 12,07,764 shares. Company has a market cap of $12,872 M.

On the company’s financial health, Principal Financial Group Inc reported $0.97 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus of $0.99. The company had revenue of $2937.90 million for the quarter, compared to analysts expectations of $2869.38 million. The company’s revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.09 EPS.

Investors should note that on Apr 28, 2016, Principal Financial Group Inc announced a cash dividend of $0.3900. The company’s management has announced Jun 2, 2016 as the ex-dividend date and fixed the record date on Jun 6, 2016. The payable date has been fixed on Jun 24, 2016.

Many Wall Street Analysts have commented on Principal Financial Group Inc. Principal Financial Group Inc was Downgraded by Atlantic Equities to ” Neutral” on Feb 26, 2016.

Principal Financial Group Inc. is an investment management company. The Company offers businesses individuals and institutional clients a range of financial products and services including retirement asset management and insurance through its financial services companies. Its segments include Retirement and Investor Services Principal Global Investors Principal International and U.S. Insurance Solutions. Its Retirement and Investor Services segment provides retirement and related financial products and services primarily to businesses their employees and other individuals. The Principal Global Investors segment provides asset management services.. The Principal International segment offers pension accumulation products and services mutual funds asset management income annuities and life insurance accumulation products. The U.S. Insurance Solutions segment offers individual and group insurance solutions.

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