Can Principal Financial Group Incorporated (NYSE:PFG)’s Tomorrow be Different? The Stock Had Increase in Shorts

September 17, 2017 - By Marie Mckinney

 Can Principal Financial Group Incorporated (NYSE:PFG)’s Tomorrow be Different? The Stock Had Increase in Shorts

Investors sentiment decreased to 1.32 in Q4 2016. Its down 0.04, from 1.36 in 2016Q3. It is negative, as 34 investors sold Principal Financial Group Inc shares while 139 reduced holdings. 76 funds opened positions while 153 raised stakes. 199.53 million shares or 4.90% more from 190.20 million shares in 2016Q3 were reported.
Geode Management Limited Liability Corp reported 2.46M shares or 0.07% of all its holdings. Capstone Asset Mngmt Company reported 28,488 shares or 0.05% of all its holdings. Toronto Dominion Fincl Bank accumulated 46,312 shares. Tcw Group stated it has 19,750 shares or 0.01% of all its holdings. Princeton Alpha L P owns 20,714 shares. Virtus Advisers reported 24,485 shares stake. Washington Trust Bancorp accumulated 0.03% or 2,581 shares. Oregon Pub Employees Retirement Fund has invested 0.1% of its portfolio in Principal Financial Group Inc (NYSE:PFG). Tocqueville Asset Mgmt Limited Partnership accumulated 3,518 shares. Mairs And Power Incorporated reported 2.75M shares. Cornerstone reported 0.03% stake. Next Group Inc Inc accumulated 990 shares or 0% of the stock. Moreover, First Mercantile has 0.04% invested in Principal Financial Group Inc (NYSE:PFG). Moreover, Deutsche Bancshares Ag has 0.03% invested in Principal Financial Group Inc (NYSE:PFG). Pggm reported 195,944 shares.

Since April 6, 2017, it had 0 insider purchases, and 7 sales for $9.94 million activity. 38,105 Principal Financial Group Inc (NYSE:PFG) shares with value of $2.48M were sold by SHAFF KAREN E. $1.43M worth of stock was sold by SCHOLTEN GARY P on Thursday, June 15. MCCAUGHAN JAMES P had sold 5,000 shares worth $313,250. 8,700 shares were sold by Everett Nora Mary, worth $552,624 on Friday, June 2.

The stock of Principal Financial Group Incorporated (NYSE:PFG) registered an increase of 9.78% in short interest. PFG’s total short interest was 3.56 million shares in September as published by FINRA. Its up 9.78% from 3.24M shares, reported previously. With 930,400 shares average volume, it will take short sellers 4 days to cover their PFG’s short positions. The short interest to Principal Financial Group Incorporated’s float is 1.25%.

The stock increased 0.81% or $0.5 on September 15, reaching $62.51. About 1.36 million shares traded or 40.64% up from the average. Principal Financial Group Inc (NYSE:PFG) has risen 43.60% since September 17, 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 $18.06 billion. The Firm offers a range of financial services and products, including retirement, asset management and insurance. It has a 14.22 P/E ratio. The Company’s divisions include Retirement and Income Solutions; Principal Global Investors, Principal International; U.S.

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. The rating was maintained by Citigroup on Wednesday, April 6 with “Sell”. The rating was maintained by Wood on Friday, April 7 with “Outperform”. The firm has “Outperform” rating given on Tuesday, February 2 by RBC Capital Markets. The rating was downgraded by KBW to “Market Perform” on Tuesday, August 18. As per Wednesday, June 29, the company rating was downgraded by Bank of America. The stock of Principal Financial Group Inc (NYSE:PFG) earned “Outperform” rating by Macquarie Research on Friday, October 23. The rating was maintained by RBC Capital Markets with “Buy” on Tuesday, September 5. The firm has “Buy” rating given on Thursday, June 29 by Wells Fargo. RBC Capital Markets maintained the shares of PFG in report on Friday, July 28 with “Buy” rating. The firm earned “Outperform” rating on Friday, October 23 by RBC Capital Markets.

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