Amg National Trust Bank buys $4,599,957 stake in Principal Financial Group Inc (PFG)

Principal Financial Group Inc (PFG) : Amg National Trust Bank scooped up 307 additional shares in Principal Financial Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 100,370 shares of Principal Financial Group Inc which is valued at $4,599,957.Principal Financial Group Inc makes up approximately 0.40% of Amg National Trust Bank’s portfolio.

Other Hedge Funds, Including , Cadence Capital Management boosted its stake in PFG in the latest quarter, The investment management firm added 28,718 additional shares and now holds a total of 107,767 shares of Principal Financial Group Inc which is valued at $4,938,962. Principal Financial Group Inc makes up approx 0.36% of Cadence Capital Management’s portfolio.Quantbot Technologies Lp reduced its stake in PFG by selling 78,179 shares or 98.02% in the most recent quarter. The Hedge Fund company now holds 1,583 shares of PFG which is valued at $72,549. Principal Financial Group Inc makes up approx 0.01% of Quantbot Technologies Lp’s portfolio.Candriam Luxembourg S.c.a. boosted its stake in PFG in the latest quarter, The investment management firm added 4,095 additional shares and now holds a total of 18,068 shares of Principal Financial Group Inc which is valued at $806,917. Principal Financial Group Inc makes up approx 0.02% of Candriam Luxembourg S.c.a.’s portfolio. High Point Bank Trust Co added PFG to its portfolio by purchasing 1,324 company shares during the most recent quarter which is valued at $59,130. Principal Financial Group Inc makes up approx 0.02% of High Point Bank Trust Co’s portfolio.

Principal Financial Group Inc opened for trading at $47.4 and hit $47.77 on the upside on Monday, eventually ending the session at $47.7, with a gain of 1.10% or 0.52 points. The heightened volatility saw the trading volume jump to 14,35,480 shares. Company has a market cap of $13,718 M.

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.

Investors should note that on Jul 28, 2016, Principal Financial Group Inc announced a cash dividend of $0.4100. The company’s management has announced Aug 31, 2016 as the ex-dividend date and fixed the record date on Sep 2, 2016. The payable date has been fixed on Sep 30, 2016.

Many Wall Street Analysts have commented on Principal Financial Group Inc. 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 was Downgraded by BofA/Merrill to ” Neutral” on Jun 29, 2016.

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.

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