Principal Financial Group Inc. (NYSE:PFG) had its price target upped by analysts at Barclays PLC from $51.00 to $57.00 in a report released on Thursday. The firm currently has an “equal weight” rating on the stock. Barclays PLC’s target price indicates a potential downside of 1.14% from the company’s current price.

PFG has been the topic of a number of other reports. RBC Capital Markets restated a “buy” rating and issued a $61.00 target price (up from $52.00) on shares of Principal Financial Group in a research note on Thursday. Royal Bank Of Canada increased their price objective on Principal Financial Group from $52.00 to $61.00 and gave the company an “outperform” rating in a research report on Thursday. Wells Fargo & Co. reiterated an “outperform” rating on shares of Principal Financial Group in a research report on Friday, September 23rd. Goldman Sachs Group Inc. increased their price objective on Principal Financial Group from $40.00 to $45.00 and gave the company a “sell” rating in a research report on Friday, September 23rd. Finally, Zacks Investment Research lowered Principal Financial Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 4th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company’s stock. Principal Financial Group currently has a consensus rating of “Hold” and an average target price of $51.00.

Analyst Recommendations for Principal Financial Group (NYSE:PFG)

Principal Financial Group (NYSE:PFG) opened at 57.66 on Thursday. The firm has a market capitalization of $16.59 billion, a price-to-earnings ratio of 13.52 and a beta of 1.68. The firm has a 50-day moving average price of $52.92 and a 200 day moving average price of $46.80. Principal Financial Group has a 52 week low of $33.09 and a 52 week high of $58.09.

Principal Financial Group (NYSE:PFG) last announced its earnings results on Thursday, October 27th. The company reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.03. Principal Financial Group had a return on equity of 12.34% and a net margin of 10.63%. During the same period last year, the company posted $1.06 EPS. On average, equities research analysts forecast that Principal Financial Group will post $4.43 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 27th. Stockholders of record on Monday, December 5th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date of this dividend is Thursday, December 1st. This is a boost from Principal Financial Group’s previous quarterly dividend of $0.41. Principal Financial Group’s dividend payout ratio (DPR) is presently 38.41%.

In other news, EVP Karen E. Shaff sold 12,832 shares of the firm’s stock in a transaction that occurred on Friday, October 28th. The stock was sold at an average price of $55.00, for a total value of $705,760.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Gary P. Scholten sold 13,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 10th. The shares were sold at an average price of $58.00, for a total value of $754,000.00. The disclosure for this sale can be found here. 1.78% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Gulf International Bank UK Ltd boosted its position in Principal Financial Group by 0.5% in the second quarter. Gulf International Bank UK Ltd now owns 85,426 shares of the company’s stock worth $3,511,000 after buying an additional 400 shares during the last quarter. Chevy Chase Trust Holdings Inc. boosted its position in Principal Financial Group by 0.6% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 230,504 shares of the company’s stock worth $9,476,000 after buying an additional 1,433 shares during the last quarter. Exxonmobil Investment Management Inc. TX boosted its position in Principal Financial Group by 5.7% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 69,777 shares of the company’s stock worth $2,869,000 after buying an additional 3,743 shares during the last quarter. DNB Asset Management AS boosted its position in Principal Financial Group by 1.9% in the second quarter. DNB Asset Management AS now owns 26,514 shares of the company’s stock worth $1,090,000 after buying an additional 500 shares during the last quarter. Finally, Iowa State Bank boosted its position in Principal Financial Group by 1.8% in the second quarter. Iowa State Bank now owns 97,657 shares of the company’s stock worth $4,015,000 after buying an additional 1,770 shares during the last quarter. Institutional investors own 67.45% of the company’s stock.

About Principal Financial Group

Principal Financial Group, Inc is an investment management company. The Company offers a range of financial products and services, including retirement, asset management and insurance services. The Company’s segments include Retirement and Income Solutions; Principal Global Investors, Principal International, and U.S.

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