Principal Financial Group PT Raised to $49.00 (PFG)
Research analysts at Keefe, Bruyette & Woods boosted their price objective on shares of Principal Financial Group (NYSE:PFG) from $45.00 to $49.00 in a report released on Monday, Stock Ratings Network.com reports. The firm currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 5.81% from the stock’s previous close.
PFG has been the subject of a number of other recent research reports. Analysts at Raymond James downgraded shares of Principal Financial Group from an “outperform” rating to a “market perform” rating in a research note to investors on Wednesday, October 16th. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Principal Financial Group in a research note to investors on Monday, September 16th. They now have a $43.00 price target on the stock. Finally, analysts at RBC Capital raised their price target on shares of Principal Financial Group from $42.00 to $47.00 in a research note to investors on Monday, September 16th. They now have an “outperform” rating on the stock. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $40.67.
In other Principal Financial Group news, Insider Luis E. Valdes sold 11,196 shares of the stock on the open market in a transaction dated Thursday, October 17th. The shares were sold at an average price of $45.00, for a total transaction of $503,820.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Principal Financial Group (NYSE:PFG) traded down 0.11% on Monday, hitting $46.31. 629,664 shares of the company’s stock traded hands. Principal Financial Group has a 52-week low of $25.83 and a 52-week high of $46.56. The stock’s 50-day moving average is $43.36 and its 200-day moving average is $39.80. The company has a market cap of $13.631 billion and a P/E ratio of 17.16.
Principal Financial Group (NYSE:PFG) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.08. The company had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.39 billion. During the same quarter in the previous year, the company posted $0.72 earnings per share. The company’s revenue for the quarter was up 8.2% on a year-over-year basis.
Principal Financial Group, Inc (NYSE:PFG) is a provider of retirement savings, investment and insurance products and services.
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