Bank of America Reduces Stake in Principal Financial Group

Financial services firm sees 31.9% drop in shares owned during Q3 2025

Mar. 17, 2026 at 7:35am

Got story updates? Submit your updates here. ›

Bank of America Corp DE decreased its holdings in Principal Financial Group, Inc. (NASDAQ:PFG) by 31.9% during the 3rd quarter of 2025, according to a recent SEC filing. The firm owned 8,426,764 shares of the company's stock after selling 3,944,088 shares during the period, representing approximately 3.78% ownership of Principal Financial Group.

Why it matters

This reduction in ownership by a major institutional investor like Bank of America could signal a shift in sentiment around Principal Financial Group's stock. Institutional investors often closely monitor and influence the performance of publicly traded companies.

The details

Bank of America sold nearly 4 million shares of Principal Financial Group during Q3 2025, reducing its total stake in the company to just under 8.5 million shares. Principal Financial Group is a global financial services firm headquartered in Des Moines, Iowa that provides retirement, investment, and insurance solutions to individuals, employers, and institutions.

  • Bank of America reduced its Principal Financial Group holdings in the 3rd quarter of 2025.

The players

Bank of America Corp DE

A major American multinational investment bank and financial services company.

Principal Financial Group, Inc.

A global financial services company that provides retirement, investment, and insurance solutions.

Got photos? Submit your photos here. ›

The takeaway

This reduction in ownership by a prominent institutional investor like Bank of America could foreshadow a broader shift in market sentiment around Principal Financial Group's stock. Investors will likely be closely watching the company's performance and any further changes in major shareholder positions.