Principal Financial Group (PFG) Stock Forecast, Price & News

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Principal Financial Group in the last twelve months. There are currently 5 sell ratings and 7 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "reduce" PFG shares.
View PFG analyst ratings or view top-rated stocks.

12 analysts have issued 1-year target prices for Principal Financial Group's stock. Their PFG share price forecasts range from $65.00 to $86.00. On average, they predict the company's stock price to reach $76.54 in the next twelve months. This suggests a possible upside of 2.7% from the stock's current price.
View analysts price targets for PFG or view top-rated stocks among Wall Street analysts.

Principal Financial Group's stock was trading at $83.92 on January 1st, 2023. Since then, PFG stock has decreased by 11.2% and is now trading at $74.51.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our PFG earnings forecast.

Principal Financial Group will be holding an earnings conference call on Friday, October 27th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Principal Financial Group, Inc. (NYSE:PFG) posted its earnings results on Thursday, July, 27th. The company reported $1.53 EPS for the quarter, missing the consensus estimate of $1.66 by $0.13. The business had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.49 billion. Principal Financial Group had a trailing twelve-month return on equity of 15.85% and a net margin of 11.52%.
Read the conference call transcript.

Principal Financial Group announced a quarterly dividend on Wednesday, July 26th. Investors of record on Thursday, September 7th will be given a dividend of $0.65 per share on Friday, September 29th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date is Wednesday, September 6th. This is an increase from the stock's previous quarterly dividend of $0.64.
Read our dividend analysis for PFG.

Principal Financial Group (NYSE:PFG) pays an annual dividend of $2.60 per share and currently has a dividend yield of 3.38%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 40.19%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PFG will have a dividend payout ratio of 34.90% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PFG.

Based on aggregate information from My MarketBeat watchlists, some companies that other Principal Financial Group investors own include AT&T (T), Johnson & Johnson (JNJ), AbbVie (ABBV), Exxon Mobil (XOM), Intel (INTC), Verizon Communications (VZ), Home Depot (HD), JPMorgan Chase & Co. (JPM), International Business Machines (IBM) and Cisco Systems (CSCO).

Principal Financial Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "PFG."

Principal Financial Group's stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.24%), State Street Corp (4.20%), Capital Research Global Investors (3.79%), Geode Capital Management LLC (2.32%), Northern Trust Corp (1.62%) and Dimensional Fund Advisors LP (1.60%). Insiders that own company stock include Deanna D Strable-Soethout, Elizabeth E Tallett, Julia M Lawler, Kenneth A Mccullum, Roberto Walker, Sandra L Helton, Timothy Mark Dunbar and Wee Yee Cheong.
View institutional ownership trends.

Shares of PFG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PFG stock can currently be purchased for approximately $74.51.

Principal Financial Group (NYSE:PFG) has a market capitalization of $18.01 billion and generates $17.49 billion in revenue each year. The company earns $4.81 billion in net income (profit) each year or $6.47 on an earnings per share basis.

The company employs 19,300 workers across the globe.

Principal Financial Group's mailing address is 711 High Street, Des Moines, IA 50392, United States. The official website for the company is www.principal.com. The company can be reached via phone at 515-247-5111, via email at investor-relations@principal.com, or via fax at 302-636-5454.