Principal Financial Group (NYSE:PFG) Given New $90.00 Price Target at Keefe, Bruyette & Woods

Principal Financial Group (NYSE:PFG - Get Free Report) had its price objective boosted by investment analysts at Keefe, Bruyette & Woods from $87.00 to $90.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a "market perform" rating on the stock. Keefe, Bruyette & Woods' price target indicates a potential upside of 10.29% from the company's previous close.

A number of other equities analysts have also weighed in on the stock. UBS Group dropped their target price on shares of Principal Financial Group from $93.00 to $80.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. Barclays upped their price target on shares of Principal Financial Group from $76.00 to $80.00 and gave the company an "underweight" rating in a research note on Monday. Morgan Stanley upped their price target on shares of Principal Financial Group from $67.00 to $71.00 and gave the company an "underweight" rating in a research note on Monday, May 19th. JPMorgan Chase & Co. upped their price target on shares of Principal Financial Group from $92.00 to $101.00 and gave the company an "overweight" rating in a research note on Tuesday. Finally, Piper Sandler upped their price target on shares of Principal Financial Group from $88.00 to $89.00 and gave the company an "overweight" rating in a research note on Thursday, July 3rd. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, Principal Financial Group presently has a consensus rating of "Hold" and an average target price of $83.75.

Principal Financial Group Price Performance

Shares of NYSE:PFG traded up $0.74 during midday trading on Wednesday, reaching $81.60. 897,914 shares of the company were exchanged, compared to its average volume of 1,320,300. The company has a current ratio of 0.29, a quick ratio of 0.30 and a debt-to-equity ratio of 0.36. The business's fifty day moving average is $78.26 and its two-hundred day moving average is $79.68. Principal Financial Group has a one year low of $68.39 and a one year high of $91.98. The stock has a market cap of $18.29 billion, a PE ratio of 12.22, a price-to-earnings-growth ratio of 0.76 and a beta of 0.99.

Principal Financial Group (NYSE:PFG - Get Free Report) last issued its earnings results on Monday, April 28th. The company reported $1.81 earnings per share 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 prior year, the business posted $1.65 EPS. As a group, analysts predict that Principal Financial Group will post 8.5 earnings per share for the current year.

Institutional Investors Weigh In On Principal Financial Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Oliver Lagore Vanvalin Investment Group purchased a new position in Principal Financial Group in the 2nd quarter worth about $25,000. Curio Wealth LLC purchased a new position in Principal Financial Group in the 4th quarter worth about $29,000. von Borstel & Associates Inc. purchased a new position in Principal Financial Group in the 1st quarter worth about $32,000. Zions Bancorporation National Association UT purchased a new position in Principal Financial Group in the 1st quarter worth about $34,000. Finally, Navigoe LLC purchased a new position in Principal Financial Group in the 4th quarter worth about $37,000. Hedge funds and other institutional investors own 75.08% of the company's stock.

Principal Financial Group Company Profile

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.