Columbus Macro LLC Has $1.99 Million Stock Position in Principal Financial Group, Inc. (NYSE:PFG)

Columbus Macro LLC raised its position in Principal Financial Group, Inc. (NYSE:PFG) by 46.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 25,653 shares of the company’s stock after purchasing an additional 8,169 shares during the quarter. Columbus Macro LLC’s holdings in Principal Financial Group were worth $1,986,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Peterson Financial Group Inc. acquired a new position in shares of Principal Financial Group in the 3rd quarter worth approximately $33,000. Truvestments Capital LLC bought a new position in Principal Financial Group in the 3rd quarter valued at $43,000. Prospera Private Wealth LLC acquired a new position in Principal Financial Group in the third quarter worth $45,000. Sugarloaf Wealth Management LLC grew its holdings in shares of Principal Financial Group by 53.6% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 559 shares of the company’s stock worth $43,000 after purchasing an additional 195 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Principal Financial Group in the third quarter valued at $50,000. 75.08% of the stock is owned by institutional investors.

Principal Financial Group Stock Down 1.8 %

Principal Financial Group stock opened at $80.97 on Tuesday. Principal Financial Group, Inc. has a fifty-two week low of $72.21 and a fifty-two week high of $91.97. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.30 and a quick ratio of 0.30. The firm has a market capitalization of $18.52 billion, a PE ratio of 12.00, a P/E/G ratio of 0.81 and a beta of 1.22. The company’s 50-day moving average is $80.66 and its 200-day moving average is $82.18.

Analysts Set New Price Targets

PFG has been the topic of a number of research analyst reports. Morgan Stanley reissued an “underweight” rating and set a $80.00 price objective (down previously from $86.00) on shares of Principal Financial Group in a report on Thursday, December 5th. Keefe, Bruyette & Woods lowered their price target on shares of Principal Financial Group from $93.00 to $90.00 and set a “market perform” rating for the company in a report on Friday, January 10th. Wells Fargo & Company reduced their price objective on Principal Financial Group from $75.00 to $69.00 and set an “underweight” rating on the stock in a report on Tuesday, January 14th. JPMorgan Chase & Co. raised Principal Financial Group from a “neutral” rating to an “overweight” rating and lowered their target price for the company from $95.00 to $92.00 in a research note on Tuesday, January 7th. Finally, Barclays upped their price target on Principal Financial Group from $75.00 to $77.00 and gave the company an “underweight” rating in a research note on Friday, October 25th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $84.92.

Principal Financial Group Company Profile

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.