Principal Financial Group Given “Neutral” Rating at Citigroup Inc. (PFG)
Principal Financial Group (NYSE:PFG)‘s stock had its “neutral” rating restated by stock analysts at Citigroup Inc. in a report issued on Wednesday. They currently have a $54.00 target price on the stock, up from their previous target price of $52.00. Citigroup Inc.’s price objective suggests a potential upside of 4.83% from the stock’s previous close.
A number of other firms have also recently commented on PFG. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Principal Financial Group from $55.00 to $58.00 in a research note on Wednesday. Separately, analysts at JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Principal Financial Group in a research note on Tuesday, July 1st. They now have a $48.00 price target on the stock, up previously from $44.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Principal Financial Group in a research note on Friday, June 20th. They now have a $52.00 price target on the stock. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $51.15.
In other Principal Financial Group news, Insider James P. Mccaughan sold 18,568 shares of the company’s stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $50.79, for a total value of $943,068.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Principal Financial Group (NYSE:PFG) traded up 0.21% during mid-day trading on Wednesday, hitting $51.51. The stock had a trading volume of 1,285,240 shares. Principal Financial Group has a 1-year low of $38.16 and a 1-year high of $51.64. The stock’s 50-day moving average is $48.80 and its 200-day moving average is $46.75. The company has a market cap of $15.156 billion and a price-to-earnings ratio of 15.62.
Principal Financial Group (NYSE:PFG) last released its earnings data on Thursday, April 24th. The company reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.14. The company had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.42 billion. During the same quarter in the previous year, the company posted $0.79 earnings per share. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. Analysts expect that Principal Financial Group will post $4.11 EPS for the current fiscal year.
Principal Financial Group, Inc (NYSE:PFG) is a provider of retirement savings, investment and insurance products and services.
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