PFG
NASDAQ:PFG
Principal Financial Group
- Stock
74.07
−0.11%
−3.57
news - an hour ago
Mitsubishi UFJ Asset Management Co. Ltd. Sells 169,913 Shares of BorgWarner Inc. (NYSE:BWA)
Mitsubishi UFJ Asset Management Co. Ltd. reduced its holdings in BorgWarner Inc. (BWA) by 91.5% in the first quarter, selling 169,913 shares and holding 15,703 shares worth $450,000. Other hedge funds also adjusted their positions: Bank of America increased its stake by 91.9%, LSV Asset Management by 36.7%, Fuller & Thaler by 8,137.5%, Principal Financial Group by 338.5%, and Dimensional Fund Advisors by 7.2%. BorgWarner reported strong quarterly earnings of $1.21 EPS and $3.64 billion in revenue, exceeding estimates. The company announced a $1.00 billion stock buyback plan and a quarterly dividend of $0.17, increasing from the previous $0.11. Analysts have revised price targets and ratings, with a consensus 'Moderate Buy' and target of $39.64. The stock traded at $41.39 with a market cap of $8.96 billion.
marketbeat.comnews - 2 hours ago
Nuveen LLC Invests $71.90 Million in Mettler-Toledo International, Inc. (NYSE:MTD)
Nuveen LLC has invested $71.90 million in Mettler-Toledo International, Inc. (NYSE:MTD), acquiring approximately 60,883 shares representing 0.29% of the company's outstanding shares. The investment follows strong institutional interest, with 95.07% of MTD's shares held by institutional investors. The company reported a quarterly EPS of $10.09, exceeding analyst estimates of $9.58, and revenue of $983.22 million, up 3.9% year-over-year. Several major institutional investors adjusted their holdings, including Vanguard Group, Price T Rowe Associates, GAMMA Investing, T. Rowe Price, and Principal Financial Group. Analysts have issued varied ratings and price targets, with UBS upgrading to 'buy' and lowering the target to $1,350.00. The stock rose to $1,315.67 on Friday, with a market capitalization of $27.10 billion, a P/E ratio of 33.32, and a negative return on equity of 476.07%. Insiders sold a total of 2,424 shares over three months, worth $2,989,628, representing 1.94% of the stock. Mettler-Toledo operates globally through five segments and provides precision instruments and laboratory software solutions.
marketbeat.comnews - 2 hours ago
Nuveen LLC Makes New Investment in Option Care Health, Inc. (NASDAQ:OPCH)
Nuveen LLC has acquired 2.03 million shares of Option Care Health, Inc. (OPCH), valued at approximately $70.97 million, representing 1.24% of the company's outstanding shares. Several institutional investors have also increased their stakes in the company, including Compass Wealth Management, Bessemer Group, Principal Financial Group, Wealth Enhancement Advisory Services, and GAMMA Investing. Option Care Health provides home and alternate site infusion services in the United States, offering treatments for chronic conditions such as cancer, heart failure, Crohn's disease, and immune deficiencies. The company reported strong financial results, including $1.42 billion in revenue and $0.41 EPS, exceeding analyst estimates. Analysts maintain a positive outlook with a consensus buy rating and a target price of $35.75. The company has a market capitalization of $4.60 billion and a P/E ratio of 22.66.
marketbeat.comnews - 7 hours ago
Tokio Marine Asset Management Co. Ltd. Sells 9,977 Shares of Deckers Outdoor Corporation (NYSE:DECK)
Tokio Marine Asset Management Co. Ltd. reduced its stake in Deckers Outdoor Corporation (DECK) by 15.8% in the first quarter, selling 9,977 shares and lowering its holdings to 53,306 shares valued at $5.96 million. Deckers reported a quarterly EPS of $0.93, exceeding expectations, and a 16.9% year-over-year revenue increase to $964.54 million. The company has authorized a $2.25 billion share buyback program, targeting up to 11.7% of its shares. Other institutional investors adjusted their positions, with Marks Group, Cambridge Investment Research, Park Avenue Securities, and Principal Financial Group increasing their holdings. Kentucky Retirement Systems Insurance Trust Fund purchased a stake worth $493,000. Insider activity included a director selling 300 shares and another director, Cindy L. Davis, buying 1,825 shares. The stock traded at $103.81 with a market cap of $15.40 billion, P/E ratio of 15.92, and a net margin of 19.42%. Analysts have revised target prices, with Evercore ISI at $115.00, Barclays at $134.00, Telsey at $120.00, and Robert W. Baird at $150.00, while the average rating is 'Hold' at $137.50. The company operates globally under brands like UGG, HOKA, and Teva, focusing on footwear, apparel, and accessories.
marketbeat.comnews - 7 hours ago
Citigroup Inc. Has $25.58 Million Holdings in Deckers Outdoor Corporation (NYSE:DECK)
Citigroup Inc. increased its stake in Deckers Outdoor Corporation by 83.3% in the first quarter, now holding 228,766 shares valued at $25.58 million, representing 0.15% of the company's total shares. Other institutional investors and hedge funds also adjusted their positions, with notable increases from Marks Group Wealth Management, Cambridge Investment Research Advisors, Park Avenue Securities, and Principal Financial Group. Deckers Outdoor reported strong quarterly earnings with an EPS of $0.93 and 16.9% year-over-year revenue growth, prompting analysts to raise price targets. The company has authorized a $2.25 billion stock buyback program, allowing repurchase of up to 11.7% of its shares. A director purchased and later sold shares, resulting in a net position change. The company has a market cap of $15.25 billion, a P/E ratio of 15.77, and a 52-week range of $93.72 to $223.98. Analysts have issued varied ratings and target prices, with an average target price of $137.50 and an average rating of 'Hold'. Deckers Outdoor operates globally, offering footwear, apparel, and accessories under brands like UGG, HOKA, and Teva.
marketbeat.comDescription
Principal Financial Group, Inc. provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide. The company operates through Retirement and Income Solutions, Principal Global Investors, Principal International, and U.S. Insurance Solutions segments. The Retirement and Income Solutions segment provides a...Show More
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