→ The One True Brand Aggregator! (From Upexi, Inc)
Principal Financial Group, Inc. (NASDAQ:PFG – Get Rating) – Research analysts at Jefferies Financial Group boosted their Q4 2022 earnings per share (EPS) estimates for shares of Principal Financial Group in a note issued to investors on Tuesday, January 17th. Jefferies Financial Group analyst S. Kamath now anticipates that the company will post earnings of $1.55 per share for the quarter, up from their prior forecast of $1.48. The consensus estimate for Principal Financial Group's current full-year earnings is $6.48 per share. Jefferies Financial Group also issued estimates for Principal Financial Group's FY2026 earnings at $8.80 EPS.
Principal Financial Group (NASDAQ:PFG – Get Rating) last announced its earnings results on Thursday, October 27th. The company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.24. Principal Financial Group had a net margin of 28.67% and a return on equity of 14.61%. The company had revenue of $3.44 billion during the quarter, compared to analyst estimates of $3.05 billion.
Several other equities analysts also recently weighed in on PFG. Citigroup lifted their target price on Principal Financial Group from $62.00 to $65.00 in a research report on Wednesday, November 16th. Evercore ISI cut shares of Principal Financial Group from an “in-line” rating to an “underperform” rating and increased their price objective for the stock from $75.00 to $81.00 in a research note on Thursday, November 17th. Morgan Stanley lowered their target price on shares of Principal Financial Group from $79.00 to $75.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 10th. Royal Bank of Canada increased their price target on Principal Financial Group from $75.00 to $88.00 in a research note on Monday, October 31st. Finally, Piper Sandler boosted their price objective on Principal Financial Group to $90.00 in a research report on Tuesday, November 1st. Eight investment analysts have rated the stock with a sell rating and six have issued a hold rating to the company's stock. According to data from MarketBeat, Principal Financial Group has an average rating of “Reduce” and an average price target of $78.25.
Principal Financial Group Trading Down 0.6 %
Shares of PFG stock opened at $86.91 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.37 and a quick ratio of 0.37. The company has a market cap of $21.27 billion, a price-to-earnings ratio of 4.21, a PEG ratio of 2.32 and a beta of 1.27. Principal Financial Group has a 1 year low of $61.05 and a 1 year high of $96.17. The firm has a fifty day moving average price of $88.45 and a 200-day moving average price of $81.74.
Institutional Investors Weigh In On Principal Financial Group
Several hedge funds have recently made changes to their positions in PFG. Pathstone Family Office LLC lifted its stake in Principal Financial Group by 1.1% in the third quarter. Pathstone Family Office LLC now owns 10,884 shares of the company's stock worth $785,000 after acquiring an additional 122 shares during the period. CAPROCK Group Inc. raised its holdings in Principal Financial Group by 4.1% in the third quarter. CAPROCK Group Inc. now owns 3,645 shares of the company's stock worth $263,000 after purchasing an additional 143 shares in the last quarter. Keybank National Association OH lifted its position in shares of Principal Financial Group by 4.6% during the third quarter. Keybank National Association OH now owns 3,556 shares of the company's stock valued at $257,000 after buying an additional 157 shares during the last quarter. Sentry Investment Management LLC boosted its holdings in shares of Principal Financial Group by 11.0% in the 2nd quarter. Sentry Investment Management LLC now owns 1,666 shares of the company's stock valued at $111,000 after buying an additional 165 shares in the last quarter. Finally, Archford Capital Strategies LLC grew its position in shares of Principal Financial Group by 2.9% in the 3rd quarter. Archford Capital Strategies LLC now owns 6,241 shares of the company's stock worth $450,000 after buying an additional 178 shares during the last quarter. 74.21% of the stock is currently owned by hedge funds and other institutional investors.
Principal Financial Group Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, December 19th. Investors of record on Thursday, December 1st were issued a $0.64 dividend. The ex-dividend date was Wednesday, November 30th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.95%. Principal Financial Group's payout ratio is 12.41%.
About Principal Financial Group
Principal Financial Group, Inc provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide. The company operates through Retirement and Income Solutions, Principal Global Investors, Principal International, and U.S. Insurance Solutions segments.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Before you consider Principal Financial Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Principal Financial Group wasn't on the list.
While Principal Financial Group currently has a “Reduce” rating among analysts, top-rated analysts believe these five stocks are better buys.
Cap Expand Partners sharing news from: news.google.com