Principal Financial Group (NYSE:PFG - Get Free Report) had its price objective boosted by analysts at Wells Fargo & Company from $68.00 to $69.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has an "underweight" rating on the stock. Wells Fargo & Company's target price suggests a potential downside of 6.98% from the company's previous close.
Several other research firms also recently commented on PFG. UBS Group dropped their target price on Principal Financial Group from $93.00 to $80.00 and set a "neutral" rating for the company in a research report on Tuesday. JPMorgan Chase & Co. upgraded shares of Principal Financial Group from a "neutral" rating to an "overweight" rating and cut their target price for the stock from $95.00 to $92.00 in a research report on Tuesday, January 7th. Morgan Stanley decreased their price target on shares of Principal Financial Group from $77.00 to $65.00 and set an "underweight" rating for the company in a research report on Thursday, April 10th. Royal Bank of Canada reissued a "sector perform" rating and issued a $91.00 price objective on shares of Principal Financial Group in a research note on Thursday, January 16th. Finally, Piper Sandler raised their target price on Principal Financial Group from $93.00 to $95.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 2nd. Four analysts have rated the stock with a sell rating, six have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $83.77.
Get Our Latest Report on Principal Financial Group
Principal Financial Group Stock Up 0.4 %
PFG traded up $0.31 during trading on Tuesday, reaching $74.18. 293,348 shares of the stock were exchanged, compared to its average volume of 1,293,967. Principal Financial Group has a twelve month low of $68.39 and a twelve month 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. The stock has a market cap of $16.69 billion, a P/E ratio of 11.11, a price-to-earnings-growth ratio of 0.76 and a beta of 1.01. The stock's 50 day moving average price is $80.25 and its two-hundred day moving average price is $82.02.
Principal Financial Group (NYSE:PFG - Get Free Report) last posted its quarterly earnings data 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 period in the prior year, the business posted $1.65 EPS. Equities analysts expect that Principal Financial Group will post 8.5 EPS for the current year.
Institutional Trading of Principal Financial Group
Hedge funds have recently bought and sold shares of the business. Curio Wealth LLC bought a new stake in Principal Financial Group during the fourth quarter worth $29,000. BankPlus Trust Department purchased a new stake in Principal Financial Group in the fourth quarter worth $33,000. Navigoe LLC bought a new stake in Principal Financial Group in the 4th quarter valued at about $37,000. Ameriflex Group Inc. purchased a new stake in shares of Principal Financial Group during the 4th quarter valued at approximately $37,000. Finally, Covestor Ltd boosted its holdings in shares of Principal Financial Group by 144.3% in the fourth quarter. Covestor Ltd now owns 540 shares of the company's stock worth $42,000 after acquiring an additional 319 shares during the period. Institutional investors and hedge funds own 75.08% of the company's stock.
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 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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