Principal Financial Group (NASDAQ:PFG - Get Free Report) posted its quarterly earnings data on Monday. The company reported $2.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $0.18, Zacks reports. The firm had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $4 billion. Principal Financial Group had a return on equity of 15.63% and a net margin of 7.53%.
Principal Financial Group Trading Down 3.0%
NASDAQ PFG traded down $2.37 during trading on Friday, reaching $75.46. 335,553 shares of the company's stock were exchanged, compared to its average volume of 1,419,579. Principal Financial Group has a fifty-two week low of $68.39 and a fifty-two week high of $91.97. The company has a market capitalization of $16.92 billion, a price-to-earnings ratio of 15.18, a PEG ratio of 0.73 and a beta of 0.99. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.34. The stock has a fifty day moving average price of $78.71.
Principal Financial Group Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Thursday, September 4th will be given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Thursday, September 4th. This is a boost from Principal Financial Group's previous quarterly dividend of $0.76. Principal Financial Group's dividend payout ratio is 61.17%.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen upgraded Principal Financial Group from a "sell" rating to a "hold" rating in a report on Saturday, July 26th.
View Our Latest Stock Report on Principal Financial Group
About Principal Financial Group
(
Get Free Report)
Principal Financial Group, Inc provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide. The company operates through Retirement and Income Solutions, Principal Global Investors, Principal International, and U.S. Insurance Solutions segments.
See Also
Before you consider Principal Financial Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Principal Financial Group wasn't on the list.
While Principal Financial Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
We are about to experience the greatest A.I. boom in stock market history...
Thanks to a pivotal economic catalyst, specific tech stocks will skyrocket just like they did during the "dot com" boom in the 1990s.
That’s why, we’ve hand-selected 7 tiny tech disruptor stocks positioned to surge.
- The first pick is a tiny under-the-radar A.I. stock that's trading for just $3.00. This company already has 98 registered patents for cutting-edge voice and sound recognition technology... And has lined up major partnerships with some of the biggest names in the auto, tech, and music industry... plus many more.
- The second pick presents an affordable avenue to bolster EVs and AI development…. Analysts are calling this stock a “buy” right now and predict a high price target of $19.20, substantially more than its current $6 trading price.
- Our final and favorite pick is generating a brand-new kind of AI. It's believed this tech will be bigger than the current well-known leader in this industry… Analysts predict this innovative tech is gearing up to create a tidal wave of new wealth, fueling a $15.7 TRILLION market boom.
Right now, we’re staring down the barrel of a true once-in-a-lifetime moment. As an investment opportunity, this kind of breakthrough doesn't come along every day.
And the window to get in on the ground-floor — maximizing profit potential from this expected market surge — is closing quickly...
Simply enter your email below to get the names and tickers of the 7 small stocks with potential to make investors very, very happy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access