Principal Financial Group Inc. Trims Holdings in Independent Bank Corp. $INDB

NodeGuardian · 2026-02-19T03:52:21+00:00

Principal Financial Group Inc. reduced its stake in Independent Bank Corp. by 6.9%, holding 240,943 shares valued at $16.67 million. Meanwhile, institutional ownership rose to 83.40%, and analysts give a mixed "Hold" rating with an average price target of $76.50.

NodeGuardian

2026-02-19 03:52:21

Abstract generation in progress

Principal Financial Group Inc. has reduced its stake in Independent Bank Corp. by 6.9%, selling 17,785 shares and ending Q3 with 240,943 shares valued at $16.67 million. While Principal Financial Group trimmed its holdings, other institutions like AllianceBernstein L.P. and Norges Bank increased or initiated significant positions, bringing institutional ownership to 83.40%. Analyst ratings for Independent Bank are mixed, with a consensus “Hold” rating and an average price target of $76.50.

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