Principal Financial Group (NYSE: PFG) has recently received a number of price target changes and ratings updates:

  • 1/12/2018 – Principal Financial Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $83.00 price target on the stock. According to Zacks, “Focus on fee-based revenue sources has been helping Principal Financial to earn steadily and limits exposure to the interest rate environment. The company targets a return on equity improvement of 30-60 basis points annually. Its inorganic story remains impressive with buyouts strengthening international footprint. The company’s assets under management have also been steadily increasing. It also remains focused on effective capital deployment to enhance the shareholder value, targeting $0.9-$1.3 billion in 2018. Estimates also moved up for 2018. However, higher leverage inducing increase in interest weigh on margin expansion remains a headwind. Shares of Principal Financial have underperformed the industry in a year. The company is set to report fourth-quarter results on Jan 29. A Zacks Rank of 2, which increases the predictive power of ESP, combined with an Earnings ESP of 0.00% makes surprise prediction difficult.”
  • 1/11/2018 – Principal Financial Group was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Focus on fee-based revenue sources has been helping Principal Financial to earn steadily and limits exposure to the interest rate environment. The company targets a return on equity improvement of 30-60 basis points annually. Its inorganic story remains impressive with buyouts strengthening international footprint. The company’s assets under management have also been steadily increasing. It also remains focused on effective capital deployment to enhance the shareholder value, targeting $0.9-$1.3 billion in 2018. Estimates also moved up for 2018. However, higher leverage inducing increase in interest weigh on margin expansion remains a headwind. Shares of Principal Financial have underperformed the industry in a year. The company is set to report fourth-quarter results on Jan 29. A Zacks Rank of 3, which increases the predictive power of ESP, combined with an Earnings ESP of 0.00% makes surprise prediction difficult.”
  • 1/9/2018 – Principal Financial Group was upgraded by analysts at Goldman Sachs Group Inc from a “neutral” rating to a “buy” rating.
  • 1/9/2018 – Principal Financial Group was downgraded by analysts at Wells Fargo & Co from an “outperform” rating to a “market perform” rating.
  • 1/8/2018 – Principal Financial Group had its “market perform” rating reaffirmed by analysts at Wells Fargo & Co. They now have a $76.00 price target on the stock. They wrote, “We are lowering our investment rating on PFG to Market Perform from Outperform. The thesis laid out in our 2016 resumption of coverage note: PFG: Resuming Coverage With An Outperform Rating; Ring The Bell has largely played out: the stock’s valuation has reflected the relative growth in earnings derived from PFG’s niche of fee-based businesses, aided by healthy equity market performance.””
  • 1/4/2018 – Principal Financial Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $79.00 price target on the stock. According to Zacks, “Shares of Principal Financial have outperformed the industry in the last three months. Focus on fee-based revenue sources has been helping the company to earn steadily and limits exposure to the interest rate environment. Principal Financial targets a return on equity improvement of 30-60 basis points annually. Its inorganic story remains impressive with buyouts strengthening its international footprint. The company’s assets under management have also been steadily increasing.  It also remains focused on effective capital deployment to enhance the shareholder value, targeting $0.9-$1.3 billion in 2018. However, higher leverage inducing increase in interest weigh on margin expansion remains a headwind. The company is expected to report fourth-quarter results in the last week of January. A Zacks Rank of 2, which increases the predictive power of ESP, and an Earnings ESP of +0.98% makes us confident of a likely positive earnings surprise.”
  • 12/11/2017 – Principal Financial Group had its “hold” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $73.00 price target on the stock.
  • 12/7/2017 – Principal Financial Group was given a new $79.00 price target on by analysts at Wells Fargo & Co. They now have a “buy” rating on the stock. They wrote, “We are maintaining our 2018E EPS of $5.65, largely due to better margins in RIS-Spread roughly offsetting slower topline growth in RIS-Fee versus our expectation. PFG’s accelerated digital investment initiative is expected to reduce 2018 operating earnings growth by around 2%. The long-term earnings growth target is unchanged at 9-12%. Our price target remains $79 per share. Implied 2018 EPS guidance range of $4.75 to $5.98. In addition to macro assumptions, Principal offered a range of revenue and margin expectations for each of its business units, which we cobbled into an implied consolidated EPS range with a midpoint of roughly $5.37. For the company’s spread businesses, each ±100 bps in interest rates should impact annual pre-tax operating earnings by less than 1%, all else being equal. Similarly, each ±10% in equity returns should impact pre-tax operating earnings by ±4-6%.””

Principal Financial Group Inc (PFG) opened at $72.90 on Wednesday. Principal Financial Group Inc has a 52 week low of $56.12 and a 52 week high of $74.80. The company has a market cap of $21,050.00, a PE ratio of 11.95, a P/E/G ratio of 1.35 and a beta of 1.72. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.26.

Principal Financial Group (NYSE:PFG) last announced its quarterly earnings results on Thursday, October 26th. The financial services provider reported $1.28 EPS for the quarter, missing the Zacks’ consensus estimate of $1.30 by ($0.02). Principal Financial Group had a net margin of 12.35% and a return on equity of 13.55%. The company had revenue of $3.95 billion during the quarter, compared to analyst estimates of $3.12 billion. During the same quarter last year, the company posted $1.15 EPS. equities analysts forecast that Principal Financial Group Inc will post 5.22 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, December 28th. Investors of record on Monday, December 4th were paid a $0.49 dividend. The ex-dividend date was Friday, December 1st. This represents a $1.96 dividend on an annualized basis and a yield of 2.69%. This is a positive change from Principal Financial Group’s previous quarterly dividend of $0.47. Principal Financial Group’s dividend payout ratio is 32.13%.

In other Principal Financial Group news, EVP Gary P. Scholten sold 24,310 shares of the business’s stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $71.59, for a total value of $1,740,352.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Daniel Joseph Houston sold 37,080 shares of the business’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $70.05, for a total transaction of $2,597,454.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 301,958 shares of company stock worth $21,343,156. 1.50% of the stock is owned by company insiders.

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.

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