Short Interest Worth Mentioning Today: Principal Financial Group Incorporated (NYSE:PFG) Sellers Increased By 9.85% Their Shorts

November 28, 2016 - By Hazel Jackson   ·   0 Comments

Short Interest Worth Mentioning Today: Principal Financial Group Incorporated (NYSE:PFG) Sellers Increased By 9.85% Their Shorts

The stock of Principal Financial Group Incorporated (NYSE:PFG) registered an increase of 9.85% in short interest. PFG’s total short interest was 6.68M shares in November as published by FINRA. Its up 9.85% from 6.09 million shares, reported previously. With 1.64M 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 2.5%. About 93,930 shares traded hands. Principal Financial Group Inc (NYSE:PFG) has risen 34.31% since April 25, 2016 and is uptrending. It has outperformed by 28.29% the S&P500.

Principal Financial Group, Inc. is an investment management company. The company has a market cap of $16.49 billion. The Firm offers a range of financial services and products, including retirement, asset management and insurance services. It has a 13.46 P/E ratio. The Company’s divisions include Retirement and Income Solutions; Principal Global Investors, Principal International, and U.S.

Insitutional Activity: The institutional sentiment decreased to 1.36 in 2016 Q2. Its down 0.01, from 1.37 in 2016Q1. The ratio turned negative, as 39 funds sold all Principal Financial Group Inc shares owned while 112 reduced positions. 58 funds bought stakes while 149 increased positions. They now own 189.35 million shares or 5.66% less from 200.71 million shares in 2016Q1.
The California-based Analytic Invsts Ltd Liability has invested 0.07% in Principal Financial Group Inc (NYSE:PFG). Moreover, Bancorp has 0.04% invested in Principal Financial Group Inc (NYSE:PFG) for 56,904 shares. The New York-based Ibm Retirement Fund has invested 0.05% in Principal Financial Group Inc (NYSE:PFG). Security Natl holds 0% of its portfolio in Principal Financial Group Inc (NYSE:PFG) for 152 shares. Fuller Thaler Asset Mngmt owns 1,000 shares or 0% of their US portfolio. Old Second Natl Bank Of Aurora last reported 0.01% of its portfolio in the stock. Moreover, Stifel Financial Corporation has 0% invested in Principal Financial Group Inc (NYSE:PFG) for 9,669 shares. Us Savings Bank De has invested 0.01% of its portfolio in Principal Financial Group Inc (NYSE:PFG). Eads Heald Investment Counsel has 7,020 shares for 0.2% of their US portfolio. American Gru owns 120,282 shares or 0% of their US portfolio. Archford Cap Strategies Limited Company reported 19,174 shares or 0.41% of all its holdings. Ing Groep Nv holds 0.01% of its portfolio in Principal Financial Group Inc (NYSE:PFG) for 9,529 shares. Price T Rowe Associates Md holds 500,126 shares or 0% of its portfolio. The France-based Credit Agricole S A has invested 0.08% in Principal Financial Group Inc (NYSE:PFG). Nelson Roberts Invest Advisors Llc accumulated 0.01% or 750 shares.

Insider Transactions: Since October 28, 2016, the stock had 0 insider purchases, and 2 insider sales for $1.12 million net activity. On Thursday, November 10 the insider SCHOLTEN GARY P sold $754,000. Dunbar Timothy Mark also sold $368,720 worth of Principal Financial Group Inc (NYSE:PFG) on Friday, October 28.

Principal Financial Group Inc (NYSE:PFG) Ratings Coverage

Out of 12 analysts covering Principal Financial Group Inc. (NYSE:PFG), 4 rate it a “Buy”, 3 “Sell”, while 5 “Hold”. This means 33% are positive. Principal Financial Group Inc. has been the topic of 20 analyst reports since August 18, 2015 according to StockzIntelligence Inc. The stock of Principal Financial Group Inc (NYSE:PFG) has “Outperform” rating given on Friday, October 23 by RBC Capital Markets. Citigroup maintained the shares of PFG in a report on Wednesday, April 6 with “Sell” rating. The stock of Principal Financial Group Inc (NYSE:PFG) earned “Sell” rating by Citigroup on Tuesday, January 5. The stock of Principal Financial Group Inc (NYSE:PFG) has “Equal Weight” rating given on Thursday, November 17 by Barclays Capital. The rating was downgraded by Bank of America to “Neutral” on Wednesday, June 29. The stock of Principal Financial Group Inc (NYSE:PFG) earned “Underperform” rating by Credit Suisse on Friday, October 7. The stock of Principal Financial Group Inc (NYSE:PFG) has “Market Perform” rating given on Tuesday, August 18 by KBW. The firm earned “Sell” rating on Thursday, September 10 by Goldman Sachs. Wells Fargo reinitiated Principal Financial Group Inc (NYSE:PFG) on Friday, September 23 with “Outperform” rating. Barclays Capital maintained Principal Financial Group Inc (NYSE:PFG) on Friday, July 29 with “Equal Weight” rating.

PFG Company Profile

Principal Financial Group, Inc., incorporated on April 18, 2001, is an investment management company. The Firm offers a range of financial services and products, including retirement, asset management and insurance services. The Company’s divisions include Retirement and Income Solutions; Principal Global Investors, Principal International, and U.S. Insurance Solutions. The Firm focuses on small and medium-sized businesses, providing a range of retirement and employee benefit solutions, and individual insurance solutions to meet the needs of the business owner and their employees. The Firm offer services to the individuals and institutional clients.

Another recent and important Principal Financial Group Inc (NYSE:PFG) news was published by Businesswire.com which published an article titled: “Principal Financial Group Announces Early Tender Results and Change in …” on November 18, 2016.

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By Hazel Jackson


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