Goelzer Investment Management Trimmed Principal Finl Group (PFG) Position By $1.65 Million; CM Finance (CMFN) Sellers Decreased By 11.27% Their Shorts

June 19, 2017 - By marketbeat

Goelzer Investment Management Inc decreased Principal Finl Group Inc (PFG) stake by 13.59% reported in 2016Q4 SEC filing. Goelzer Investment Management Inc sold 28,928 shares as Principal Finl Group Inc (PFG)’s stock declined 2.08%. The Goelzer Investment Management Inc holds 183,863 shares with $10.64M value, down from 212,791 last quarter. Principal Finl Group Inc now has $19.04B valuation. The stock rose 0.92% or $0.6 reaching $65.9. About 386,642 shares traded. Principal Financial Group Inc (NYSE:PFG) has risen 43.60% since June 19, 2016 and is uptrending. It has outperformed by 26.90% the S&P500.

CM Finance Incorporated (NASDAQ:CMFN) had a decrease of 11.27% in short interest. CMFN’s SI was 36,200 shares in June as released by FINRA. Its down 11.27% from 40,800 shares previously. With 32,300 avg volume, 1 days are for CM Finance Incorporated (NASDAQ:CMFN)’s short sellers to cover CMFN’s short positions. About 18,251 shares traded. CM Finance Inc (NASDAQ:CMFN) has risen 26.08% since June 19, 2016 and is uptrending. It has outperformed by 9.38% the S&P500.

Since February 9, 2017, it had 0 buys, and 14 selling transactions for $15.56 million activity. 8,700 shares were sold by Everett Nora Mary, worth $552,624. 5,000 shares were sold by MCCAUGHAN JAMES P, worth $313,250. 43,410 shares valued at $2.61M were sold by SHAFF KAREN E on Thursday, February 9. STRABLE-SOETHOUT DEANNA D sold $84,360 worth of stock. $1.32M worth of Principal Financial Group Inc (NYSE:PFG) shares were sold by SCHOLTEN GARY P. $664,000 worth of Principal Financial Group Inc (NYSE:PFG) was sold by Valdes Luis E.. $781,200 worth of Principal Financial Group Inc (NYSE:PFG) was sold by Elming Gregory Bernard.

Goelzer Investment Management Inc increased Boeing Co (NYSE:BA) stake by 4,937 shares to 69,780 valued at $10.86 million in 2016Q4. It also upped Ishares Tr (IWD) stake by 9,095 shares and now owns 110,388 shares. Aetna Inc New (NYSE:AET) was raised too.

Among 13 analysts covering Principal Financial Group Inc. (NYSE:PFG), 5 have Buy rating, 2 Sell and 6 Hold. Therefore 38% are positive. Principal Financial Group Inc. had 22 analyst reports since August 18, 2015 according to SRatingsIntel. The stock has “Outperform” rating by Macquarie Research on Friday, October 23. The stock has “Equal Weight” rating by Barclays Capital on Thursday, November 17. The firm has “Market Perform” rating by KBW given on Tuesday, August 18. The company was maintained on Friday, April 7 by Wood. Citigroup maintained the stock with “Sell” rating in Wednesday, April 6 report. On Wednesday, June 29 the stock rating was downgraded by Bank of America to “Neutral”. The company was maintained on Tuesday, February 2 by RBC Capital Markets. The stock has “Neutral” rating by Atlantic Securities on Friday, February 26. The rating was initiated by Credit Suisse with “Underperform” on Friday, October 7. The stock has “Sell” rating by Citigroup on Tuesday, January 5.

Investors sentiment decreased to 1.32 in Q4 2016. Its down 0.04, from 1.36 in 2016Q3. It dived, as 34 investors sold PFG 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. Blume Cap Mngmt has 599 shares. Moreover, Delta Lloyd Nv has 0.04% invested in Principal Financial Group Inc (NYSE:PFG). Rafferty Asset Management Limited Liability Corp reported 13,467 shares or 0.04% of all its holdings. Wealthtrust accumulated 142 shares. Next Financial Grp Incorporated Inc reported 0% in Principal Financial Group Inc (NYSE:PFG). X Mngmt Limited Liability, New York-based fund reported 3,398 shares. Gam Ag invested in 9,091 shares. Us Bankshares De holds 73,900 shares or 0.02% of its portfolio. Old Second Fincl Bank Of Aurora invested 0.01% in Principal Financial Group Inc (NYSE:PFG). Wexford Lp accumulated 5,620 shares or 0.03% of the stock. Citadel Advsr Ltd accumulated 3,645 shares. Northwestern Mutual Wealth Management holds 0% or 6,104 shares in its portfolio. Investment Centers Of America invested in 4,682 shares or 0.02% of the stock. Cantab Ptnrs Ltd Liability Partnership holds 0% of its portfolio in Principal Financial Group Inc (NYSE:PFG) for 11,784 shares. Keybank Natl Association Oh owns 12,857 shares.

Analysts await Principal Financial Group Inc (NYSE:PFG) to report earnings on July, 27 after the close. They expect $1.23 EPS, up 6.96% or $0.08 from last year’s $1.15 per share. PFG’s profit will be $355.37M for 13.39 P/E if the $1.23 EPS becomes a reality. After $1.27 actual EPS reported by Principal Financial Group Inc for the previous quarter, Wall Street now forecasts -3.15% negative EPS growth.

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