Principal Financial Group Inc (PFG) : Capstone Investment Advisors added new position in Principal Financial Group Inc during the Fourth Quarter. The investment management firm now holds 41,500 shares of Principal Financial Group Inc which is valued at $1.7 Million according to most recent disclosure to SEC.Principal Financial Group Inc makes up approximately 0.20% of Capstone Investment Advisors’s portfolio.
Other Hedge Funds, Including , Two Sigma Investments reduced its stake in PFG by selling 27,773 shares or 57.44% during the fourth quarter. The Hedge Fund company now holds 20,579 shares of PFG which is valued at $852,588.Jefferies Group boosted its stake in PFG during the Q4 period, The investment management firm added 8,490 additional shares and now holds a total of 26,041 shares of Principal Financial Group Inc which is valued at $1.1 Million. Principal Financial Group Inc makes up approx 0.04% of Jefferies Group’s portfolio.Hsbc Holdings Plc reduced its stake in PFG by selling 11,659 shares or 7.62% during the fourth quarter. The Hedge Fund company now holds 141,368 shares of PFG which is valued at $5.9 Million. Principal Financial Group Inc makes up approx 0.02% of Hsbc Holdings Plc’s portfolio.Blackrock Advisors boosted its stake in PFG during the Q4 period, The investment management firm added 66,934 additional shares and now holds a total of 264,039 shares of Principal Financial Group Inc which is valued at $10.9 Million. Principal Financial Group Inc makes up approx 0.01% of Blackrock Advisors’s portfolio. Oppenheimerfunds added PFG to its portfolio by purchasing 15,421 company shares during the Fourth Quarter which is valued at $638,892.
On the company’s financial health, Principal Financial Group Inc reported $1.02 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Feb 1, 2016. Analyst had a consensus of $1.05. The company had revenue of $2878.50 million for the quarter, compared to analysts expectations of $2797.67 million. The company’s revenue was down -2.8 % compared to the same quarter last year.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 Downgraded by Atlantic Equities to ” Neutral” on Feb 26, 2016. Shares were Reiterated by Piper Jaffray on Feb 8, 2016 to “Neutral” and Lowered the Price Target to $ 48 from a previous price target of $50 .Shares were Reiterated by RBC Capital Mkts on Feb 2, 2016 to “Outperform” and Lowered the Price Target to $ 52 from a previous price target of $59 .
Principal Financial Group Inc closed down -0.63 points or -1.58% at $39.25 with 15,09,802 shares getting traded on Monday. Post opening the session at $39.79, the shares hit an intraday low of $39.1 and an intraday high of $39.8 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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.