During the third quarter, Principal Financial Group Inc. decreased its holdings in ServisFirst Bancshares, Inc. (NYSE: SFBS) by 3.9%, according to its latest Form 13F filing with the Securities and Exchange Commission. The firm sold 41,001 shares, leaving it with a total of 1,016,556 shares in the company.
This adjustment reflects a change in Principal Financial Group’s investment in the financial services provider, valued at approximately $81.86 million.
**Why this matters**
Changes in major institutional holdings can signal shifts in investor confidence or portfolio strategy. Monitoring such transactions helps investors understand market trends and the potential outlook for the company involved.
Source: NewsData