Principal Financial Group (NYSE:PFG - Get Free Report) had its target price increased by stock analysts at Wells Fargo & Company from $69.00 to $73.00 in a report released on Thursday,Benzinga reports. The brokerage currently has an "underweight" rating on the stock. Wells Fargo & Company's price target would suggest a potential downside of 9.17% from the company's current price.
Several other equities analysts have also recently issued reports on the stock. UBS Group reduced their price target on shares of Principal Financial Group from $93.00 to $80.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 29th. Barclays boosted their price objective on shares of Principal Financial Group from $76.00 to $80.00 and gave the stock an "underweight" rating in a research note on Monday, July 7th. Keefe, Bruyette & Woods boosted their price objective on shares of Principal Financial Group from $87.00 to $90.00 and gave the stock a "market perform" rating in a research note on Wednesday. Morgan Stanley boosted their price objective on shares of Principal Financial Group from $67.00 to $71.00 and gave the stock an "underweight" rating in a research note on Monday, May 19th. Finally, Piper Sandler upped their target price on shares of Principal Financial Group from $88.00 to $89.00 and gave the stock an "overweight" rating in a research note on Thursday, July 3rd. Four analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Principal Financial Group currently has an average rating of "Hold" and a consensus price target of $83.75.
Get Our Latest Stock Analysis on PFG
Principal Financial Group Trading Down 1.5%
NYSE:PFG traded down $1.23 during trading hours on Thursday, reaching $80.37. The company's stock had a trading volume of 822,223 shares, compared to its average volume of 1,320,085. The firm has a market capitalization of $18.02 billion, a price-to-earnings ratio of 12.03, a PEG ratio of 0.76 and a beta of 0.99. The firm has a 50-day simple moving average of $78.48 and a 200-day simple moving average of $79.73. Principal Financial Group has a 1 year low of $68.39 and a 1 year high of $91.98. 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 (NYSE:PFG - Get Free Report) last issued its earnings results on Monday, April 28th. The company reported $1.81 EPS for the quarter, missing analysts' consensus estimates 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 quarter in the previous year, the firm posted $1.65 earnings per share. Research analysts expect that Principal Financial Group will post 8.5 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in PFG. Oliver Lagore Vanvalin Investment Group bought a new position in Principal Financial Group in the second quarter worth approximately $25,000. Curio Wealth LLC bought a new stake in shares of Principal Financial Group during the 4th quarter valued at $29,000. von Borstel & Associates Inc. bought a new stake in shares of Principal Financial Group during the 1st quarter valued at $32,000. Zions Bancorporation National Association UT bought a new stake in shares of Principal Financial Group during the 1st quarter valued at $34,000. Finally, Navigoe LLC bought a new stake in shares of Principal Financial Group during the 4th quarter valued at $37,000. 75.08% of the stock is owned by hedge funds and other institutional investors.
Principal Financial Group Company Profile
(
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 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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