Gilbert & Cook Inc. Sells 143 Shares of Principal Financial Group, Inc. (NYSE:PFG)

Gilbert & Cook Inc. cut its position in Principal Financial Group, Inc. (NYSE:PFG) by 2.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,775 shares of the company’s stock after selling 143 shares during the quarter. Gilbert & Cook Inc.’s holdings in Principal Financial Group were worth $524,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Sei Investments Co. increased its position in shares of Principal Financial Group by 4.0% during the second quarter. Sei Investments Co. now owns 25,237 shares of the company’s stock worth $1,980,000 after purchasing an additional 962 shares in the last quarter. AQR Capital Management LLC grew its position in shares of Principal Financial Group by 80.6% in the second quarter. AQR Capital Management LLC now owns 13,451 shares of the company’s stock valued at $1,055,000 after purchasing an additional 6,001 shares in the last quarter. Creative Planning lifted its position in Principal Financial Group by 3.2% during the second quarter. Creative Planning now owns 49,785 shares of the company’s stock worth $3,906,000 after buying an additional 1,552 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Principal Financial Group by 44.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 21,744 shares of the company’s stock worth $1,706,000 after acquiring an additional 6,735 shares during the last quarter. Finally, Quarry LP purchased a new stake in shares of Principal Financial Group in the 2nd quarter valued at approximately $91,000. Hedge funds and other institutional investors own 75.08% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Keefe, Bruyette & Woods cut their price objective on Principal Financial Group from $93.00 to $90.00 and set a “market perform” rating on the stock in a report on Friday, January 10th. Morgan Stanley reaffirmed an “underweight” rating and set a $80.00 target price (down from $86.00) on shares of Principal Financial Group in a research note on Thursday, December 5th. Bank of America dropped their price target on shares of Principal Financial Group from $94.00 to $91.00 and set a “neutral” rating for the company in a research note on Thursday, October 10th. Barclays raised their target price on Principal Financial Group from $75.00 to $77.00 and gave the stock an “underweight” rating in a research report on Friday, October 25th. Finally, Piper Sandler raised Principal Financial Group from a “neutral” rating to an “overweight” rating and set a $90.00 price target on the stock in a report on Wednesday, December 18th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $84.92.

Principal Financial Group Stock Performance

Principal Financial Group stock traded up $0.61 on Thursday, hitting $83.99. The company’s stock had a trading volume of 18,885 shares, compared to its average volume of 1,088,870. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.35. The firm has a market cap of $19.21 billion, a P/E ratio of -93.15, a price-to-earnings-growth ratio of 0.80 and a beta of 1.22. Principal Financial Group, Inc. has a one year low of $72.21 and a one year high of $91.97. The company has a fifty day moving average price of $80.75 and a 200-day moving average price of $82.26.

About Principal Financial Group

Principal Financial Group, Inc provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide. The company operates through Retirement and Income Solutions, Principal Asset Management, and Benefits and Protection segments. The Retirement and Income Solutions segment provides retirement, and related financial products and services.