Recent research updates on Principal Financial Group (PFG) include:
JPMorgan upgraded the stock from underweight to neutral with a target price of $96, up from $88 (July 2nd).
Royal Bank of Canada raised their target from $83 to $87 (July 29th).
Jefferies increased their target from $73 to $76, giving it a hold rating (July 18th).
Raymond James upgraded to strong-buy with a $99 target (July 9th).
Citigroup raised their target from $68 to $70 but rated it a sell (July 23rd).
Overall, two analysts rated it as a sell, nine as a hold, and one as a strong buy, leading to an average rating of Hold and a target price of $85.42.
Get Our Latest Stock Report on PFG
Investor Activity
Institutional investors have adjusted their positions recently. Clarity Asset Management acquired a $95,000 stake.
V Square Quantitative Management raised their holdings by 25.2%.
Syon Capital increased their holdings by 36.2%.
Goldman Sachs raised their position by 10.2%.
Fortis Group Advisors doubled their stake to $72,000.
75.08% of the stock is held by institutional investors.
Stock Performance
Principal Financial Group stock is up 2.0%. The market cap is $20.66 billion, with a price-to-earnings ratio of 17.32.
Last earnings report (July 25th) showed earnings of $1.63 EPS, below the expected $1.87.
Revenue was $4.31 billion, exceeding expectations.
Dividend Increase
The company declared a quarterly dividend of $0.72, up from $0.71, payable on September 27th.
This gives an annual yield of 3.23% and a payout ratio of 55.92%.
Company Overview
Principal Financial Group offers retirement, asset management, and insurance services globally across several segments.
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