Several research firms have recently analyzed Principal Financial Group (PFG). On July 2, JPMorgan upgraded the stock from “underweight” to “neutral,” raising the target price from $88 to $96. Royal Bank of Canada set their target at $87 from $83, rating it as “sector perform” on July 29. Jefferies raised their price target to $76, maintaining a “hold” rating on July 18. Raymond James upgraded the stock to “strong buy,” setting a target of $99 on July 9. Citigroup, however, lowered their target from $68 to $70, keeping a “sell” rating. Overall, 2 analysts rated it as “sell,” 9 as “hold,” and 1 as “strong buy.” The average rating is “Hold” with a price target of $85.42.
Get Our Latest Stock Report on PFG
Institutional Inflows and Outflows
Institutional investors are adjusting their holdings in PFG. Clarity Asset Management Inc. invested $95,000 in the fourth quarter. V Square Management increased its stake by 25.2%, owning 5,357 shares now valued at $421,000, while Syon Capital raised its holdings by 36.2%. Goldman Sachs grew its position by 10.2%, owning 2.16 million shares valued at around $170 million. Fortis Group doubled its stake to 916 shares worth $72,000. Institutional investors own 75.08% of PFG stock.
Principal Financial Group Stock Up 2.0%
PFG’s 50-day moving average is $80.79, and the 200-day average is $81.40. The market cap is $20.66 billion with a P/E ratio of 17.32. PFG reported earnings of $1.63 per share on July 25, missing estimates of $1.87. Their revenue was $4.31 billion, above estimates of $3.78 billion. Analysts predict PFG will earn $7.31 per share for the current fiscal year.
Principal Financial Group Increases Dividend
PFG declared a quarterly dividend of $0.72, up from $0.71, paid on September 27. The annual dividend is $2.88, with a yield of 3.23% and a payout ratio of 55.92%.
Principal Financial Group Company Profile
Principal Financial Group provides retirement, asset management, and insurance services globally, operating in Retirement and Income Solutions, Principal Asset Management, and Benefits and Protection segments.
Read More
- Five stocks we like better than Principal Financial Group
- What is a Secondary Public Offering? What Investors Need to Know
- 3 Micro-Caps Set for Major Moves: Balancing Risk and Opportunity
- 5 discounted opportunities for dividend growth investors
- Autodesk Named a Top Pick by Morgan StanleyIs It Time to Buy?
- Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?
- 4 Quirky ETFs With Big Potential for Impressive Gains
Receive News & Ratings for Principal Financial Group Daily – Enter your email address below to receive a daily summary of the latest news and analysts’ ratings for Principal Financial Group and related companies.
`