Recent analysts’ reports on Principal Financial Group (PFG) show several upgrades:
– JPMorgan upgraded from “underweight” to “neutral” with a new price target of $96.
– Royal Bank of Canada increased their target from $83 to $87 and gave a “sector perform” rating.
– Jefferies raised their target from $73 to $76 with a “hold” rating.
– Raymond James upgraded from “market perform” to “strong-buy” with a target of $99.
– Citigroup raised their target from $68 to $70 but maintained a “sell” rating.
In total, there are two “sell,” nine “hold,” and one “strong buy” ratings, with an average 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 acquired shares worth $95,000.
– V Square Quantitative increased their stake by 25.2% to 5,357 shares valued at $421,000.
– Syon Capital boosted holdings by 36.2% to 5,487 shares worth $432,000.
– Goldman Sachs increased their position by 10.2%, owning 2,157,712 shares valued at $169.7 million.
– Fortis Group Advisors doubled their stake to 916 shares worth $72,000.
Overall, 75.08% of PFG shares are owned by institutional investors.
Principal Financial Group Stock Up 2.0%
PFG’s market cap is $20.66 billion, with a price-to-earnings ratio of 17.32. The last quarterly report showed an EPS of $1.63, missing an estimate of $1.87. Revenue was $4.31 billion, exceeding expectations of $3.78 billion. Earnings forecasts for the current year are around $7.31 per share.
Principal Financial Group Increases Dividend
PFG recently announced a dividend of $0.72 per share, up from $0.71. This gives an annual yield of 3.23% based on a payout ratio of 55.92%.
Principal Financial Group Company Profile
Principal Financial Group offers retirement, asset management, and insurance services globally through various 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 for a concise daily summary of the latest updates regarding PFG and related companies with MarketBeat.com’s FREE daily email newsletter.
`
