Principal Financial Group - PFG Stock Forecast, Price & News

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Principal Financial Group in the last twelve months. There are currently 3 sell ratings, 6 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" PFG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PFG, but not buy additional shares or sell existing shares.
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10 brokers have issued 1 year target prices for Principal Financial Group's stock. Their PFG share price forecasts range from $62.00 to $86.00. On average, they predict the company's stock price to reach $72.00 in the next twelve months. This suggests that the stock has a possible downside of 4.4%.
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Principal Financial Group's stock was trading at $72.33 at the beginning of 2022. Since then, PFG stock has increased by 4.1% and is now trading at $75.31.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 25th 2022.
View our PFG earnings forecast.

Principal Financial Group, Inc. (NASDAQ:PFG) posted its earnings results on Monday, August, 8th. The company reported $1.65 EPS for the quarter, topping analysts' consensus estimates of $1.39 by $0.26. The firm had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.24 billion. Principal Financial Group had a trailing twelve-month return on equity of 13.09% and a net margin of 24.69%.
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Principal Financial Group announced a quarterly dividend on Monday, August 8th. Shareholders of record on Thursday, September 8th will be given a dividend of $0.64 per share on Friday, September 30th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date of this dividend is Wednesday, September 7th.
Read our dividend analysis for PFG.

Principal Financial Group (NASDAQ:PFG) pays an annual dividend of $2.56 per share and currently has a dividend yield of 3.44%. The company has been increasing its dividend for 14 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 15.56%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PFG will have a dividend payout ratio of 35.85% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PFG.

Principal Financial Group trades on the NASDAQ under the ticker symbol "PFG."

Principal Financial Group's stock is owned by a number of retail and institutional investors. Top institutional investors include State Street Corp (4.82%), Northern Trust Corp (1.61%), Legal & General Group Plc (0.81%), Goldman Sachs Group Inc. (0.60%), UBS Asset Management Americas Inc. (0.50%) and Swiss National Bank (0.45%). Insiders that own company stock include Daniel Gelatt, Deanna D Strable-Soethout, Deanna D Strable-Soethout, Elizabeth E Tallett, Julia M Lawler, Roberto Walker, Sandra L Helton, Timothy Mark Dunbar and Wee Yee Cheong.
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Shares of PFG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PFG stock can currently be purchased for approximately $75.31.

Principal Financial Group (NASDAQ:PFG) has a market capitalization of $18.77 billion and generates $14.26 billion in revenue each year. The company earns $1.71 billion in net income (profit) each year or $16.45 on an earnings per share basis.

The company employs 7,100 workers across the globe.

Principal Financial Group's mailing address is 711 HIGH STREET, DES MOINES IA, 50392. The official website for the company is www.principal.com. The company can be reached via phone at (515) 247-5111, via email at investor-relations@principal.com, or via fax at 302-636-5454.