Principal Financial Group (NYSE:PFG) Given New $92.00 Price Target at Keefe, Bruyette & Woods

Principal Financial Group (NYSE:PFG) had its price target upped by research analysts at Keefe, Bruyette & Woods from $90.00 to $92.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 7.67% from the stock’s current price.

Several other research firms have also weighed in on PFG. Wells Fargo & Company cut their target price on shares of Principal Financial Group from $75.00 to $69.00 and set an “underweight” rating on the stock in a report on Tuesday, January 14th. JPMorgan Chase & Co. upgraded Principal Financial Group from a “neutral” rating to an “overweight” rating and cut their price objective for the company from $95.00 to $92.00 in a report on Tuesday, January 7th. Barclays lifted their price target on shares of Principal Financial Group from $77.00 to $80.00 and gave the company an “underweight” rating in a research note on Friday, February 7th. Morgan Stanley restated an “underweight” rating and set a $80.00 price objective (down from $86.00) on shares of Principal Financial Group in a report on Thursday, December 5th. Finally, BMO Capital Markets initiated coverage on Principal Financial Group in a report on Thursday, January 23rd. They set a “market perform” rating and a $93.00 target price for the company. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $85.54.

Principal Financial Group Trading Up 1.3 %

NYSE PFG opened at $85.45 on Wednesday. Principal Financial Group has a 12 month low of $72.21 and a 12 month high of $91.97. The stock has a 50-day simple moving average of $80.02 and a 200 day simple moving average of $82.04. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $19.54 billion, a PE ratio of 12.79, a P/E/G ratio of 0.79 and a beta of 1.22.

Institutional Trading of Principal Financial Group

Several hedge funds have recently added to or reduced their stakes in PFG. AMF Tjanstepension AB lifted its holdings in shares of Principal Financial Group by 28.7% during the third quarter. AMF Tjanstepension AB now owns 290,723 shares of the company’s stock worth $24,997,000 after buying an additional 64,915 shares in the last quarter. CWM LLC boosted its holdings in Principal Financial Group by 10.0% in the 3rd quarter. CWM LLC now owns 12,410 shares of the company’s stock valued at $1,066,000 after purchasing an additional 1,125 shares during the period. Exchange Traded Concepts LLC boosted its holdings in Principal Financial Group by 2,192.3% in the 3rd quarter. Exchange Traded Concepts LLC now owns 2,980 shares of the company’s stock valued at $256,000 after purchasing an additional 2,850 shares during the period. Wedge Capital Management L L P NC grew its position in shares of Principal Financial Group by 4.7% during the 3rd quarter. Wedge Capital Management L L P NC now owns 24,891 shares of the company’s stock worth $2,138,000 after purchasing an additional 1,110 shares in the last quarter. Finally, Proquility Private Wealth Partners LLC increased its holdings in shares of Principal Financial Group by 6.3% during the third quarter. Proquility Private Wealth Partners LLC now owns 12,277 shares of the company’s stock worth $1,055,000 after purchasing an additional 730 shares during the period. 75.08% of the stock is owned by institutional investors and hedge funds.

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 Asset Management, and Benefits and Protection segments. The Retirement and Income Solutions segment provides retirement, and related financial products and services.