Principal Financial Group Inc. Reduces Stake in On Holding AG $ONON

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Principal Financial Group Inc. significantly reduced its stake in On Holding AG (NYSE:ONON) by 96.4% in the third quarter, now holding 6,548 shares valued at $277,000. Despite this reduction, other institutional investors have reshuffled their positions, with overall institutional ownership at 36.39%. On Holding AG currently has a market capitalization of $31.01 billion, a P/E ratio of 64.13, and analysts maintain a “Moderate Buy” rating with a consensus target price of $59.86.

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