Research Analysts’ Weekly Ratings Changes for Principal Financial Group (PFG)

Principal Financial Group (NYSE: PFG) recently received a number of ratings updates from brokerages and research firms:

  • 2/12/2018 – Principal Financial Group was upgraded by analysts at Barclays PLC from an “equal weight” rating to an “overweight” rating. They now have a $63.00 price target on the stock.
  • 2/12/2018 – Principal Financial Group was upgraded by analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating. They now have a $70.00 price target on the stock.
  • 1/31/2018 – Principal Financial Group had its “hold” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $76.00 price target on the stock.
  • 1/30/2018 – Principal Financial Group had its price target lowered by analysts at Morgan Stanley from $80.00 to $79.00. They now have an “equal weight” rating on the stock.
  • 1/22/2018 – 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.”
  • 1/12/2018 – 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.”

Shares of Principal Financial Group Inc (NYSE:PFG) traded up $1.01 during trading hours on Monday, hitting $61.39. 2,062,600 shares of the company’s stock were exchanged, compared to its average volume of 1,438,604. The firm has a market capitalization of $18,020.00, a PE ratio of 7.79, a price-to-earnings-growth ratio of 1.35 and a beta of 1.58. Principal Financial Group Inc has a 52 week low of $59.25 and a 52 week high of $75.58. 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 issued its earnings results on Monday, January 29th. The financial services provider reported $1.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.37 by ($0.18). The business had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.32 billion. Principal Financial Group had a return on equity of 13.55% and a net margin of 12.35%. During the same period last year, the company posted $1.27 earnings per share. sell-side analysts predict that Principal Financial Group Inc will post 5.22 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Monday, March 5th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.32%. This is a boost from Principal Financial Group’s previous quarterly dividend of $0.49. The ex-dividend date is Friday, March 2nd. Principal Financial Group’s dividend payout ratio is 24.87%.

In other Principal Financial Group news, CFO Deanna D. Strable-Soethout sold 18,905 shares of the stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $70.07, for a total transaction of $1,324,673.35. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Daniel Joseph Houston sold 69,894 shares of the stock in a transaction on Friday, January 5th. The stock was sold at an average price of $72.01, for a total transaction of $5,033,066.94. The disclosure for this sale can be found here. Insiders have sold 301,958 shares of company stock worth $21,343,156 over the last three months. 1.50% of the stock is owned by corporate 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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