Principal Financial Group (NYSE:PFG) Price Target Lowered to $80.00 at UBS Group

Principal Financial Group (NYSE:PFG - Get Free Report) had its price target lowered by investment analysts at UBS Group from $93.00 to $80.00 in a report issued on Tuesday,Benzinga reports. The firm presently has a "neutral" rating on the stock. UBS Group's target price points to a potential upside of 8.05% from the stock's previous close.

Several other analysts also recently weighed in on PFG. Royal Bank of Canada restated a "sector perform" rating and issued a $91.00 price target on shares of Principal Financial Group in a research note on Thursday, January 16th. Barclays lowered their price target on Principal Financial Group from $80.00 to $76.00 and set an "underweight" rating for the company in a research report on Friday, April 11th. Morgan Stanley decreased their target price on shares of Principal Financial Group from $77.00 to $65.00 and set an "underweight" rating for the company in a report on Thursday, April 10th. Keefe, Bruyette & Woods raised their price target on shares of Principal Financial Group from $90.00 to $92.00 and gave the company a "market perform" rating in a research report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. upgraded Principal Financial Group from a "neutral" rating to an "overweight" rating and cut their target price for the company from $95.00 to $92.00 in a research note on Tuesday, January 7th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Principal Financial Group presently has an average rating of "Hold" and an average target price of $83.77.

Principal Financial Group Trading Up 0.2 %

Shares of NYSE PFG traded up $0.17 during midday trading on Tuesday, hitting $74.04. 250,670 shares of the company traded hands, compared to its average volume of 1,293,771. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.30 and a current ratio of 0.29. Principal Financial Group has a 12-month low of $68.39 and a 12-month high of $91.98. The stock has a 50-day moving average price of $80.25 and a 200 day moving average price of $82.02. The firm has a market cap of $16.66 billion, a P/E ratio of 11.07, a P/E/G ratio of 0.76 and a beta of 1.01.

Principal Financial Group (NYSE:PFG - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The company reported $1.81 earnings per share for the quarter, missing the consensus estimate of $1.83 by ($0.02). Principal Financial Group had a return on equity of 14.68% and a net margin of 9.74%. During the same period in the previous year, the firm earned $1.65 earnings per share. As a group, analysts expect that Principal Financial Group will post 8.5 earnings per share for the current year.

Institutional Trading of Principal Financial Group

Several institutional investors and hedge funds have recently made changes to their positions in PFG. Geode Capital Management LLC lifted its holdings in Principal Financial Group by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 5,466,587 shares of the company's stock valued at $422,074,000 after buying an additional 52,410 shares in the last quarter. Northern Trust Corp increased its holdings in Principal Financial Group by 9.8% during the fourth quarter. Northern Trust Corp now owns 3,662,918 shares of the company's stock valued at $283,546,000 after buying an additional 326,604 shares during the period. Norges Bank purchased a new position in Principal Financial Group in the fourth quarter worth $217,021,000. JPMorgan Chase & Co. grew its holdings in shares of Principal Financial Group by 5.1% during the third quarter. JPMorgan Chase & Co. now owns 2,462,562 shares of the company's stock valued at $211,534,000 after buying an additional 118,722 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Principal Financial Group by 12.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,877,246 shares of the company's stock worth $145,318,000 after purchasing an additional 209,885 shares during the last quarter. 75.08% of the stock is currently owned by institutional investors.

About Principal Financial Group

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 Asset Management, and Benefits and Protection segments. The Retirement and Income Solutions segment provides retirement, and related financial products and services.

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