Beacon Financial Group Stake in Principal Financial Group (PFG) Decreased by $4.33 Million as Share Value Declined; Roof Eidam & Maycock Holding in Apple (AAPL) Lifted by $620,568

April 24, 2018 - By Louis Casey

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Roof Eidam & Maycock increased its stake in Apple Inc (AAPL) by 20.56% based on its latest 2017Q4 regulatory filing with the SEC. Roof Eidam & Maycock bought 3,672 shares as the company’s stock declined 3.81% with the market. The institutional investor held 21,536 shares of the computer manufacturing company at the end of 2017Q4, valued at $3.65M, up from 17,864 at the end of the previous reported quarter. Roof Eidam & Maycock who had been investing in Apple Inc for a number of months, seems to be bullish on the $838.43 billion market cap company. The stock decreased 0.29% or $0.48 during the last trading session, reaching $165.24. About 31.68 million shares traded. Apple Inc. (NASDAQ:AAPL) has risen 19.49% since April 24, 2017 and is uptrending. It has outperformed by 7.94% the S&P500.

Beacon Financial Group decreased its stake in Principal Financial Group (PFG) by 47.34% based on its latest 2017Q4 regulatory filing with the SEC. Beacon Financial Group sold 61,886 shares as the company’s stock declined 17.50% with the market. The institutional investor held 68,839 shares of the accident &health insurance company at the end of 2017Q4, valued at $4.86M, down from 130,725 at the end of the previous reported quarter. Beacon Financial Group who had been investing in Principal Financial Group for a number of months, seems to be less bullish one the $17.69 billion market cap company. The stock increased 0.94% or $0.57 during the last trading session, reaching $61.46. About 1.51M shares traded. Principal Financial Group, Inc. (NYSE:PFG) has declined 5.35% since April 24, 2017 and is downtrending. It has underperformed by 16.90% the S&P500.

Beacon Financial Group, which manages about $573.30 million US Long portfolio, upped its stake in Ishares by 6,591 shares to 167,606 shares, valued at $8.40 million in 2017Q4, according to the filing. It also increased its holding in Schlumberger Ltd (NYSE:SLB) by 14,643 shares in the quarter, for a total of 32,791 shares, and has risen its stake in Conduent Inc.

Investors sentiment increased to 1.39 in 2017 Q4. Its up 0.21, from 1.18 in 2017Q3. It increased, as 28 investors sold PFG shares while 150 reduced holdings. 75 funds opened positions while 172 raised stakes. 196.66 million shares or 1.15% more from 194.42 million shares in 2017Q3 were reported. Savings Bank Of America Corporation De accumulated 1.44 million shares or 0.02% of the stock. Shelton Capital Mgmt has 15,691 shares for 0.07% of their portfolio. Lombard Odier Asset Mngmt (Switzerland) holds 0.13% or 19,132 shares. American Asset Mgmt owns 0.44% invested in Principal Financial Group, Inc. (NASDAQ:PFG) for 10,197 shares. South Dakota Investment Council holds 19,900 shares or 0.03% of its portfolio. Rocky Mountain Advisers Ltd Liability Co, Colorado-based fund reported 211 shares. Apg Asset Nv invested in 88,828 shares. Tiaa Cref Mgmt Ltd Llc stated it has 0.03% in Principal Financial Group, Inc. (NASDAQ:PFG). Federated Pa reported 0.04% stake. Axa invested 0% in Principal Financial Group, Inc. (NASDAQ:PFG). Texas-based Beacon Gru has invested 0.85% in Principal Financial Group, Inc. (NASDAQ:PFG). Jpmorgan Chase Company accumulated 412,923 shares or 0.01% of the stock. Wellington Mngmt Grp Llp has invested 0.18% in Principal Financial Group, Inc. (NASDAQ:PFG). Wedge Cap Management L Lp Nc has invested 0.3% of its portfolio in Principal Financial Group, Inc. (NASDAQ:PFG). Cubist Systematic Strategies Ltd Liability Corporation owns 32,817 shares or 0.12% of their US portfolio.

Analysts await Principal Financial Group, Inc. (NASDAQ:PFG) to report earnings on April, 26 after the close. They expect $1.35 EPS, up 6.30% or $0.08 from last year’s $1.27 per share. PFG’s profit will be $388.55M for 11.38 P/E if the $1.35 EPS becomes a reality. After $1.19 actual EPS reported by Principal Financial Group, Inc. for the previous quarter, Wall Street now forecasts 13.45% EPS growth.

Among 18 analysts covering Principal Financial Group Inc. (NYSE:PFG), 5 have Buy rating, 1 Sell and 12 Hold. Therefore 28% are positive. Principal Financial Group Inc. has $80.0 highest and $35 lowest target. $63.07’s average target is 2.62% above currents $61.46 stock price. Principal Financial Group Inc. had 48 analyst reports since August 18, 2015 according to SRatingsIntel. The company was maintained on Tuesday, February 2 by RBC Capital Markets. The company was maintained on Friday, August 11 by Barclays Capital. The rating was maintained by RBC Capital Markets on Tuesday, September 5 with “Buy”. RBC Capital Markets maintained the shares of PFG in report on Tuesday, January 30 with “Buy” rating. Barclays Capital maintained the shares of PFG in report on Thursday, November 17 with “Equal Weight” rating. Morgan Stanley maintained Principal Financial Group, Inc. (NASDAQ:PFG) rating on Tuesday, January 30. Morgan Stanley has “Equal-Weight” rating and $79 target. The firm earned “Overweight” rating on Monday, February 12 by Barclays Capital. The rating was initiated by Credit Suisse with “Underperform” on Friday, October 7. The firm has “Equal Weight” rating by Barclays Capital given on Friday, July 29. The firm earned “Sell” rating on Wednesday, April 6 by Citigroup.

Since December 14, 2017, it had 0 buys, and 5 sales for $13.31 million activity. Another trade for 24,310 shares valued at $1.74M was made by SCHOLTEN GARY P on Monday, January 8. Valdes Luis E. also sold $3.34M worth of Principal Financial Group, Inc. (NASDAQ:PFG) shares.

Among 54 analysts covering Apple Inc. (NASDAQ:AAPL), 35 have Buy rating, 1 Sell and 18 Hold. Therefore 65% are positive. Apple Inc. has $235 highest and $11 lowest target. $173.82’s average target is 5.19% above currents $165.24 stock price. Apple Inc. had 400 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets with “Buy” on Tuesday, April 3. Drexel Hamilton maintained the stock with “Buy” rating in Friday, June 2 report. Cowen & Co maintained the stock with “Outperform” rating in Friday, October 21 report. The firm has “Buy” rating by RBC Capital Markets given on Monday, March 5. The stock of Apple Inc. (NASDAQ:AAPL) earned “Buy” rating by Guggenheim on Tuesday, January 30. The firm has “Overweight” rating given on Wednesday, October 14 by Barclays Capital. The firm earned “Hold” rating on Monday, June 5 by KeyBanc Capital Markets. Needham maintained Apple Inc. (NASDAQ:AAPL) on Tuesday, June 6 with “Buy” rating. The stock of Apple Inc. (NASDAQ:AAPL) earned “Buy” rating by Robert W. Baird on Wednesday, October 4. On Wednesday, December 23 the stock rating was maintained by FBR Capital with “Outperform”.

Since December 7, 2017, it had 0 buys, and 5 insider sales for $26.72 million activity. $11.56M worth of Apple Inc. (NASDAQ:AAPL) shares were sold by SCHILLER PHILIP W. Riccio Daniel J. sold $2.65 million worth of stock or 15,641 shares.

Investors sentiment increased to 0.73 in Q4 2017. Its up 0.03, from 0.7 in 2017Q3. It increased, as 50 investors sold AAPL shares while 1023 reduced holdings. 151 funds opened positions while 637 raised stakes. 2.98 billion shares or 0.18% more from 2.97 billion shares in 2017Q3 were reported. Pinnacle Wealth Advisory Grp Inc Limited Liability Corp invested in 1.02% or 10,917 shares. Fenimore Asset Mgmt has 0.03% invested in Apple Inc. (NASDAQ:AAPL) for 4,621 shares. Destination Wealth Mgmt reported 2.97% in Apple Inc. (NASDAQ:AAPL). Hayek Kallen Inv Mgmt stated it has 46,116 shares or 5.12% of all its holdings. 223,477 are owned by Ami Asset Mgmt Corp. Avenir accumulated 1.58% or 101,162 shares. Goelzer Investment Mgmt has 1.79% invested in Apple Inc. (NASDAQ:AAPL) for 94,165 shares. Arvest Bank & Trust Tru Division holds 2.6% or 220,153 shares. 65,590 are owned by Valicenti Advisory Svcs. Camarda Fincl Advsrs Ltd Liability Corporation invested in 3.29% or 16,248 shares. Ballentine Ltd holds 0.75% or 80,842 shares. Summit Financial Wealth Advsrs Limited Liability Corporation reported 0.87% of its portfolio in Apple Inc. (NASDAQ:AAPL). First Republic Invest Mgmt accumulated 2.69% or 2.41M shares. Naples Global Advsr Ltd Llc invested 1.93% of its portfolio in Apple Inc. (NASDAQ:AAPL). Allstate Corporation invested in 0.04% or 4,247 shares.

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