Analysts are on the Bearish side about Principal Financial Group Inc (NYSE:PFG) this week.

September 29, 2017 - By Linda Rogers

 Analysts are on the Bearish side about Principal Financial Group Inc (NYSE:PFG) this week.
Investors sentiment decreased to 1.06 in Q2 2017. Its down 0.03, from 1.09 in 2017Q1. It fall, as 30 investors sold Principal Financial Group Inc shares while 173 reduced holdings. 72 funds opened positions while 144 raised stakes. 193.64 million shares or 2.51% less from 198.64 million shares in 2017Q1 were reported.
Quantbot Limited Partnership invested in 11,680 shares. Tower Cap Ltd Limited Liability Company (Trc) stated it has 0.01% in Principal Financial Group Inc (NYSE:PFG). Ibm Retirement Fund has invested 0.09% of its portfolio in Principal Financial Group Inc (NYSE:PFG). Harris Associates Limited Partnership has invested 0.33% of its portfolio in Principal Financial Group Inc (NYSE:PFG). Barclays Public Limited Company holds 0.03% of its portfolio in Principal Financial Group Inc (NYSE:PFG) for 432,616 shares. The Wisconsin-based North Star Asset Management has invested 2.11% in Principal Financial Group Inc (NYSE:PFG). Pinnacle Assoc Ltd invested in 0.18% or 142,632 shares. Sector Pension Inv Board reported 30,210 shares stake. Acadian Asset Management Limited Liability Co invested 0% of its portfolio in Principal Financial Group Inc (NYSE:PFG). One Association has 15,925 shares. 9,091 were reported by Gam Holding Ag. Sterling Management Llc reported 0.03% in Principal Financial Group Inc (NYSE:PFG). Dimensional Fund Advsr L P stated it has 3.71M shares. Pax World Management Limited Com owns 0.16% invested in Principal Financial Group Inc (NYSE:PFG) for 44,572 shares. Nomura Hldgs Incorporated invested 0% of its portfolio in Principal Financial Group Inc (NYSE:PFG).

Since April 6, 2017, it had 0 insider buys, and 7 selling transactions for $9.94 million activity. 5,000 shares were sold by MCCAUGHAN JAMES P, worth $313,250 on Thursday, April 6. The insider SCHOLTEN GARY P sold $1.43 million. Everett Nora Mary sold $552,624 worth of Principal Financial Group Inc (NYSE:PFG) on Friday, June 2. Shares for $2.48 million were sold by SHAFF KAREN E on Monday, June 12. The insider Valdes Luis E. sold $664,000.

Principal Financial Group Inc (NYSE:PFG) Ratings Coverage

Among 14 analysts covering Principal Financial Group Inc. (NYSE:PFG), 5 have Buy rating, 2 Sell and 7 Hold. Therefore 36% are positive. Principal Financial Group Inc. had 29 analyst reports since August 18, 2015 according to SRatingsIntel. On Thursday, November 17 the stock rating was maintained by Barclays Capital with “Equal Weight”. The company was maintained on Friday, October 23 by RBC Capital Markets. Keefe Bruyette & Woods maintained Principal Financial Group Inc (NYSE:PFG) on Thursday, August 31 with “Hold” rating. The rating was initiated by Credit Suisse on Friday, October 7 with “Underperform”. The stock has “Neutral” rating by Citigroup on Thursday, January 26. Bank of America downgraded Principal Financial Group Inc (NYSE:PFG) on Wednesday, June 29 to “Neutral” rating. The company was downgraded on Tuesday, August 18 by KBW. The stock of Principal Financial Group Inc (NYSE:PFG) earned “Buy” rating by Wells Fargo on Thursday, June 29. Barclays Capital maintained Principal Financial Group Inc (NYSE:PFG) on Friday, August 11 with “Equal-Weight” rating. The rating was maintained by RBC Capital Markets with “Outperform” on Thursday, November 17. Below is a list of Principal Financial Group Inc (NYSE:PFG) latest ratings and price target changes.

05/09/2017 Broker: RBC Capital Markets Rating: Buy New Target: $74.0 Maintain
31/08/2017 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $68.0 Maintain
11/08/2017 Broker: Barclays Capital Rating: Equal-Weight Old Target: $61 New Target: $63 Maintain
28/07/2017 Broker: RBC Capital Markets Rating: Buy New Target: $74.0000 Maintain
27/07/2017 Broker: Wells Fargo Rating: Buy Maintain
10/07/2017 Broker: RBC Capital Markets Rating: Buy New Target: $73.0000 Maintain
29/06/2017 Broker: Wells Fargo Rating: Buy Maintain
07/04/2017 Broker: Wood Rating: Outperform Maintain

About 273,936 shares traded. Principal Financial Group Inc (NYSE:PFG) has risen 43.60% since September 29, 2016 and is uptrending. It has outperformed by 26.90% the S&P500.

Principal Financial Group, Inc. is an investment management company. The company has market cap of $18.56 billion. The Firm offers a range of financial services and products, including retirement, asset management and insurance. It has a 14.61 P/E ratio. The Company’s divisions include Retirement and Income Solutions; Principal Global Investors, Principal International; U.S.

More news for Principal Financial Group Inc (NYSE:PFG) were recently published by: Nasdaq.com, which released: “The Zacks Analyst Blog Highlights: Caterpillar, Principal Financial Group …” on September 06, 2017. Nasdaq.com‘s article titled: “Zacks.com featured highlights include Synnex, ArcelorMittal, Principal …” and published on September 27, 2017 is yet another important article.

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