Latest PFG news and sentiment

Principal Financial Group Inc. Sells 27,903 Shares of Stryker Corporation $SYK

Principal Financial Group Inc. reduced its stake in Stryker Corporation by 5.5% in the second quarter, selling 27,903 shares and retaining 480,116 shares worth $151.2 million. Institutional investors collectively own 77.09% of Stryker. The company reported strong quarterly earnings of $3.69 per share, exceeding estimates, and revenue increased by 9.4% year over year, with analysts maintaining a "Moderate Buy" rating and a consensus price target of $386.28.

Principal Financial Group Inc. Sells 149,619 Shares of Arista Networks, Inc. $ANET

Principal Financial Group Inc. reduced its stake in Arista Networks by 9.8% in Q2, selling 149,619 shares but still holding 1.38 million shares valued at $233.8 million. Despite strong Q2 earnings, revenue growth, and a "Buy" consensus from analysts, significant insider selling by CEO Jayshree Ullal and major shareholder Andreas Bechtolsheim under Rule 10b5-1 plans has occurred. While AI-related growth prospects are strong, the stock's high valuation and insider sales may negatively impact sentiment.

Principal Financial Group, Inc. $PFG Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. significantly reduced its stake in Principal Financial Group (NASDAQ:PFG) by 94.2% in the second quarter, selling 99,225 shares and retaining 6,152 shares worth $663,000. Despite mixed analyst ratings, with a consensus "Hold" and a target price of $105.83, PFG recently traded near its 52-week high at $113.98. The company reported strong Q2 earnings, beating estimates with $2.50 EPS, and increased its quarterly dividend to $0.84 per share, offering a 2.9% annual yield.

Principal Financial Group Inc. Sells 18,893 Shares of Agilent Technologies, Inc. $A

Principal Financial Group Inc. reduced its stake in Agilent Technologies, Inc. by 5.4%, selling 18,893 shares and retaining 332,822 shares valued at approximately $44.2 million. Other institutional investors also adjusted their positions in Agilent, which reported strong quarterly earnings and year-over-year revenue growth. The stock currently has a "Moderate Buy" consensus rating from analysts with an average price target of $160.24, and the company pays a quarterly dividend.

NIKE, Inc. $NKE Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. reduced its stake in NIKE (NKE) by 5.8% in Q2, selling 80,947 shares but still owning 1.33 million shares valued at $54.4 million. Despite a 1.1% revenue decline year-over-year, NIKE exceeded Q2 analyst estimates with $0.20 EPS and $10.97 billion in revenue, and declared a $0.41 quarterly dividend. Analysts maintain a "Hold" rating with a $53.53 average price target, while company insiders have sold shares worth $1.17 million in the past 90 days.

Principal Financial Group Inc. Sells 18,659 Shares of Colgate-Palmolive Company $CL

Principal Financial Group Inc. has reduced its stake in Colgate-Palmolive Company (NYSE:CL) by 1.8%, selling 18,659 shares and retaining 990,355 shares valued at approximately $90.8 million. Other institutional investors have also adjusted their positions, and 80.41% of Colgate-Palmolive's stock is owned by institutional investors and hedge funds. The company recently reported strong quarterly earnings, beating estimates with $0.99 EPS and a 4.9% increase in revenue, and pays an annualized dividend of $2.12.

Principal Financial Group Inc. Trims Stake in Las Vegas Sands Corp. $LVS

Principal Financial Group Inc. reduced its stake in Las Vegas Sands Corp. by 10.5% in the second quarter, selling 44,848 shares and retaining 381,876 shares valued at $17.6 million. Despite institutional ownership of 39.16%, analyst sentiment is cautious, with a consensus "Hold" rating and an average price target of $61.88. The company missed earnings and revenue expectations in its latest quarterly report.

Principal Financial Group Inc. Sells 22,847 Shares of Targa Resources, Inc. $TRGP

Principal Financial Group Inc. reduced its stake in Targa Resources, Inc. by 4.4% in the second quarter, selling 22,847 shares but still retaining 492,448 shares valued at approximately $132 million. Despite this sale, institutional investors collectively hold a significant 92.13% of the company's stock. Analysts generally maintain a bullish outlook on Targa Resources, with a consensus "Buy" rating and an average price target of $295.35, following the company's recent earnings beat and dividend announcement.

Principal Financial Group Inc. Sells 52,884 Shares of Regions Financial Corporation $RF

Principal Financial Group Inc. has reduced its stake in Regions Financial Corporation by 5.2%, selling 52,884 shares and retaining 956,723 shares valued at approximately $28.9 million. This adjustment comes as Regions Financial exceeded quarterly earnings expectations with $0.68 EPS and $1.95 billion in revenue, leading to an increased quarterly dividend of $0.30 per share. Despite mixed analyst sentiment and an overall "Hold" rating, institutional investors collectively own 79.39% of the bank's stock.

Principal Financial Group Inc. Trims Stake in Zoetis Inc. $ZTS

Principal Financial Group Inc. reduced its stake in Zoetis Inc. by 4.4% in the second quarter, selling 24,472 shares but still holding 527,859 shares valued at $37.9 million. Other institutional investors, such as J. Stern & Co. LLP and Vanguard Group Inc., significantly increased their holdings in Zoetis. The stock currently holds a consensus "Hold" rating from analysts with a target price of $109.62, and the company recently reported quarterly earnings that slightly beat estimates despite a revenue decline.

PFG|Principal Financial Group Inc|Price:113.970|Chg%:-0.960