Several large investors changed their holdings in Principal Financial Group (PFG). Clarity Asset Management bought a new position worth about $95,000. V Square Quantitative Management increased its shares by 25.2%, now owning 5,357 shares valued at $421,000 after adding 1,079 shares. Syon Capital raised its stake by 36.2%, owning 5,487 shares valued at $432,000 after buying 1,457 shares. Goldman Sachs increased its shares by 10.2%, now holding 2,157,712 shares worth $169.7 million after acquiring an additional 200,056 shares. Fortis Group Advisors doubled its position with 916 shares valued at $72,000 after acquiring 458 shares. Institutional investors hold 75.08% of the stock.
Principal Financial Group Stock Performance
PFG opened at $87.48 on Friday. The 50-day moving average is $80.63, and the 200-day is $81.36. PFG’s 1-year low is $66.21 and high is $88.26, with a market cap of $20.5 billion, a PE ratio of 16.69, a price-to-earnings-growth ratio of 0.90, and a beta of 1.19. Current and quick ratios are both 0.29, and the debt-to-equity ratio is 0.36.
Principal Financial Group (NYSE:PFG Get Free Report) reported quarterly earnings on July 25th, with revenues of $4.31 billion and earnings per share (EPS) of $1.63, missing estimates of $1.87 by $0.24. The return on equity was 14.92%, and the net margin was 8.05%. Analysts expect PFG to post 7.3 EPS this year.
Dividend Increase
PFG declared a quarterly dividend of $0.72, up from $0.71. This equates to an annual dividend of $2.88 with a yield of 3.29%. The ex-dividend date was September 5th, and the current payout ratio is 54.96%.
Analyst Insights
Analysts made several comments about PFG. JPMorgan Chase upgraded PFG to neutral and raised the price target from $88.00 to $96.00. Citigroup increased its target from $68.00 to $70.00 but maintained a sell rating. Wells Fargo increased their target from $85.00 to $86.00 with an equal weight rating. Keefe, Bruyette & Woods lowered their target from $88.00 to $86.00, and Jefferies raised it from $73.00 to $76.00 with a hold rating. Currently, analysts rate the stock as a Hold with an average target price of $85.42.
View Our Latest Analysis on Principal Financial Group
Company Overview
Principal Financial Group, Inc. offers retirement, asset management, and insurance services globally, divided into segments including Retirement and Income Solutions, Principal Asset Management, and Benefits and Protection.
Featured Articles
- Five stocks we like better than Principal Financial Group
- What Are the FAANG Stocks and Are They Good Investments?
- MercadoLibre Targets Double-Digit Upside with Argentina Boom
- What Are Some of the Best Large-Cap Stocks to Buy?
- Dominos Pizza Stock Delivers: A Hot Buy for Growth Investors
- What is a Stock Market Index and How Do You Use Them?
- 3 Small-Cap Stocks Ready to Deliver Significant Growth
Receive News & Ratings for Principal Financial Group Daily – Enter your email below for daily updates on news and analysts’ ratings for Principal Financial Group and related companies with MarketBeat.coms FREE daily newsletter.
`
