Goelzer Investment Management buys $9,446,856 stake in Principal Financial Group Inc (PFG)

Principal Financial Group Inc (PFG) : Goelzer Investment Management scooped up 2,393 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 Jul 22, 2016. The investment management firm now holds a total of 211,481 shares of Principal Financial Group Inc which is valued at $9,446,856.Principal Financial Group Inc makes up approximately 1.26% of Goelzer Investment Management’s portfolio.

Other Hedge Funds, Including , Robeco Institutional Asset Management B.v. boosted its stake in PFG in the latest quarter, The investment management firm added 81,200 additional shares and now holds a total of 361,325 shares of Principal Financial Group Inc which is valued at $16,140,388. Principal Financial Group Inc makes up approx 0.12% of Robeco Institutional Asset Management B.v.’s portfolio.Checchi Capital Advisers reduced its stake in PFG by selling 420 shares or 6.6% in the most recent quarter. The Hedge Fund company now holds 5,943 shares of PFG which is valued at $265,474. Principal Financial Group Inc makes up approx 0.07% of Checchi Capital Advisers’s portfolio. Crestpoint Capital Management sold out all of its stake in PFG during the most recent quarter. The investment firm sold 5,600 shares of PFG which is valued $247,576.Chevy Chase Trust Holdings boosted its stake in PFG in the latest quarter, The investment management firm added 1,433 additional shares and now holds a total of 230,504 shares of Principal Financial Group Inc which is valued at $9,586,661. Principal Financial Group Inc makes up approx 0.05% of Chevy Chase Trust Holdings’s portfolio.

Principal Financial Group Inc opened for trading at $44.98 and hit $47.15 on the upside on Friday, eventually ending the session at $46.63, with a gain of 4.29% or 1.92 points. The heightened volatility saw the trading volume jump to 23,52,141 shares. Company has a market cap of $13,516 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.

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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