Principal Financial Group (NYSE:PFG) was upgraded by research analysts at Barclays from an “equal weight” rating to an “overweight” rating in a note issued to investors on Monday. The firm currently has a $72.00 price objective on the financial services provider’s stock. Barclays’ price target suggests a potential upside of 17.28% from the stock’s current price.

A number of other research firms also recently commented on PFG. Wells Fargo & Co set a $79.00 target price on Principal Financial Group and gave the stock a “buy” rating in a report on Thursday, December 7th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $76.00 target price on shares of Principal Financial Group in a report on Wednesday, January 31st. Zacks Investment Research downgraded Principal Financial Group from a “buy” rating to a “hold” rating in a report on Thursday, January 11th. Goldman Sachs Group raised Principal Financial Group from a “neutral” rating to a “buy” rating in a report on Tuesday, January 9th. Finally, Morgan Stanley reduced their target price on Principal Financial Group from $80.00 to $79.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $72.56.

Shares of Principal Financial Group (PFG) traded up $1.01 on Monday, reaching $61.39. The company had a trading volume of 2,062,600 shares, compared to its average volume of 1,460,511. The stock has a market capitalization of $18,020.00, a P/E ratio of 7.79, a P/E/G ratio of 1.35 and a beta of 1.58. Principal Financial Group has a 1 year low of $59.25 and a 1 year high of $75.58. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.10 and a quick ratio of 0.10.

Principal Financial Group (NYSE:PFG) last issued its quarterly earnings results on Monday, January 29th. The financial services provider reported $1.19 EPS for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.18). The business had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.32 billion. Principal Financial Group had a net margin of 12.35% and a return on equity of 13.55%. During the same period in the prior year, the company posted $1.27 EPS. sell-side analysts anticipate that Principal Financial Group will post 5.22 earnings per share for the current year.

In other news, CEO Daniel Joseph Houston sold 37,080 shares of the stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $70.05, for a total transaction of $2,597,454.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Karen E. Shaff sold 50,561 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $69.51, for a total value of $3,514,495.11. The disclosure for this sale can be found here. Insiders have sold a total of 301,958 shares of company stock worth $21,343,156 over the last quarter. Insiders own 1.50% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Schroder Investment Management Group raised its position in shares of Principal Financial Group by 17.0% during the 3rd quarter. Schroder Investment Management Group now owns 1,807,710 shares of the financial services provider’s stock worth $115,693,000 after purchasing an additional 262,065 shares during the period. Old Mutual Global Investors UK Ltd. raised its position in shares of Principal Financial Group by 36.6% during the 4th quarter. Old Mutual Global Investors UK Ltd. now owns 1,612,510 shares of the financial services provider’s stock worth $113,778,000 after purchasing an additional 431,914 shares during the period. Allianz Asset Management GmbH raised its position in shares of Principal Financial Group by 29.4% during the 3rd quarter. Allianz Asset Management GmbH now owns 1,607,888 shares of the financial services provider’s stock worth $103,451,000 after purchasing an additional 365,068 shares during the period. Legal & General Group Plc raised its position in shares of Principal Financial Group by 2.1% during the 3rd quarter. Legal & General Group Plc now owns 1,506,176 shares of the financial services provider’s stock worth $96,908,000 after purchasing an additional 31,107 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its position in shares of Principal Financial Group by 5.4% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,384,166 shares of the financial services provider’s stock worth $97,667,000 after purchasing an additional 71,076 shares during the period. Institutional investors and hedge funds own 68.64% of the company’s stock.

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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. Its segments include Retirement and Income Solutions; Principal Global Investors, Principal International; U.S. Insurance Solutions, and Corporate.

Analyst Recommendations for Principal Financial Group (NYSE:PFG)

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