Principal Financial Group (NYSE:PFG) Stock Price Expected to Rise, Piper Sandler Analyst Says

Principal Financial Group (NYSE:PFG - Get Free Report) had its target price hoisted by analysts at Piper Sandler from $88.00 to $89.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an "overweight" rating on the stock. Piper Sandler's price objective would suggest a potential upside of 9.30% from the stock's current price.

Several other research analysts have also commented on PFG. 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. Wells Fargo & Company upped their price objective on shares of Principal Financial Group from $68.00 to $69.00 and gave the company an "underweight" rating in a report on Tuesday, April 29th. UBS Group dropped their target price 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. Keefe, Bruyette & Woods upped their target price on Principal Financial Group from $86.00 to $87.00 and gave the company a "market perform" rating in a research report on Wednesday, May 7th. Finally, Barclays reduced their target price on Principal Financial Group from $80.00 to $76.00 and set an "underweight" rating for the company in a research note on Friday, April 11th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $83.38.

Principal Financial Group Stock Up 1.1%

NYSE:PFG opened at $81.43 on Thursday. Principal Financial Group has a 1-year low of $68.39 and a 1-year high of $91.97. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.29 and a quick ratio of 0.30. The firm has a market cap of $18.26 billion, a PE ratio of 12.17, a price-to-earnings-growth ratio of 0.76 and a beta of 0.99. The company has a 50-day moving average of $77.59 and a 200 day moving average of $79.54.

Principal Financial Group (NYSE:PFG - Get Free Report) last posted 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 period in the previous year, the business posted $1.65 EPS. As a group, research analysts anticipate that Principal Financial Group will post 8.5 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Curio Wealth LLC purchased a new position in Principal Financial Group during the fourth quarter worth approximately $29,000. von Borstel & Associates Inc. purchased a new position in shares of Principal Financial Group in the first quarter valued at approximately $32,000. Zions Bancorporation National Association UT acquired a new position in Principal Financial Group in the 1st quarter valued at $34,000. Navigoe LLC purchased a new position in Principal Financial Group in the 4th quarter valued at $37,000. Finally, Ameriflex Group Inc. acquired a new stake in Principal Financial Group during the 4th quarter worth $37,000. Institutional investors and hedge funds 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.

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