Principal Financial Group Inc (PFG) : Exxonmobil Investment Management Inc Tx reduced its stake in Principal Financial Group Inc by 2.13% during the most recent quarter end. The investment management company now holds a total of 68,292 shares of Principal Financial Group Inc which is valued at $3,568,940 after selling 1,485 shares in Principal Financial Group Inc , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Principal Financial Group Inc makes up approximately 0.07% of Exxonmobil Investment Management Inc Tx’s portfolio.
Other Hedge Funds, Including , Central Bank Trust Co added PFG to its portfolio by purchasing 129 company shares during the most recent quarter which is valued at $6,742.Chevy Chase Trust Holdings reduced its stake in PFG by selling 7,088 shares or 3.08% in the most recent quarter. The Hedge Fund company now holds 223,416 shares of PFG which is valued at $11,758,384. Principal Financial Group Inc makes up approx 0.06% of Chevy Chase Trust Holdings’s portfolio.North Star Asset Management Inc reduced its stake in PFG by selling 4,530 shares or 1.29% in the most recent quarter. The Hedge Fund company now holds 346,453 shares of PFG which is valued at $18,233,821. Principal Financial Group Inc makes up approx 2.05% of North Star Asset Management Inc’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in PFG by selling 13,352 shares or 33.05% in the most recent quarter. The Hedge Fund company now holds 27,048 shares of PFG which is valued at $1,423,536. Principal Financial Group Inc makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.Washington Trust Bank boosted its stake in PFG in the latest quarter, The investment management firm added 25 additional shares and now holds a total of 2,721 shares of Principal Financial Group Inc which is valued at $143,206. Principal Financial Group Inc makes up approx 0.03% of Washington Trust Bank’s portfolio.
Principal Financial Group Inc closed down -0.29 points or -0.55% at $52.26 with 12,74,401 shares getting traded on Friday. Post opening the session at $52.17, the shares hit an intraday low of $51.78 and an intraday high of $52.47 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, Principal Financial Group Inc reported $1.15 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $1.05.Analysts expectations of $ 2919.27.During the same quarter in the previous year, the company posted $1.09 EPS.
Many Wall Street Analysts have commented on Principal Financial Group Inc. Principal Financial Group Inc was Initiated by Credit Suisse to “Underperform” on Oct 7, 2016. Principal Financial Group Inc was Resumed by Wells Fargo to “Outperform” on Sep 23, 2016. Company shares were Reiterated by Barclays on Jul 29, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 47 from a previous price target of $41 .
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.