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Morgan Stanley reduced Principal Financial Group (NASDAQ:PFG) PT to $75.00.

Morgan Stanley reduced Principal Financial Group (NASDAQ:PFG) PT to $75.00.

According to Benzinga, equity analysts at Morgan Stanley lowered their price target for Principal Financial Group (NASDAQ: PFG) in a report that was issued on Tuesday. The report was about the company’s stock. The previous price goal of $79.00 has been revised to $75.00 as the new price objective. The investment firm has assigned the company’s stock the “underweight” classification. The price target that Morgan Stanley established indicates that there is a possibility that the stock will experience a drop of 13.66% from its current level. This information can be derived from the fact that the price target was established.

In recent times, reports about PFG have also been disseminated by several other brokerages. In a report that was made public on October 31, the Royal Bank of Canada indicated that the price objective that they have placed on shares of Principal Financial Group has increased from $75.00 to $80.00. In a report made public on November 1, Piper Sandler indicated that the price target they had established for the shares of Principal Financial Group had been increased to $90.00. Keefe, Bruyette & Woods upgraded their target price for the company from $75.00 to $77.00 in a research note that was published on October 31. However, they downgraded their rating for the shares of Principal Financial Group from “market perform” to “underperform” in the same document. Goldman Sachs Group increased their price target on Principal Financial Group’s shares from $61.00 to $71.00 and changed their rating on the company’s stock from “sell” to “buy” in a research note published on Monday. Barclays increased their price objective for Principal Financial Group from $80.00 to $89.00 in a research note published on November 1. However, they lowered their company shares rating from “overweight” to “equal weight.” While six other market analysts recommend keeping the stock in one’s portfolio, eight recommend selling the stock. According to Bloomberg, the average rating for the company is “Reduce,” and the current consensus price objective is $78.25.

NASDAQ: PFG started the trading day on Tuesday at $86.87 per share. The company’s market capitalization is currently estimated to be $21.26 billion. It possesses a price-to-earnings ratio of 4.21, a price-to-earnings-growth ratio of 2.29, and a beta coefficient of 1.27. Although the current ratio is 0.42, the quick, debt-to-equity, and liquidity ratios are all equal to 0.37. Over the last 50 days, the stock has had a simple moving average of $88.60.The company’s market capitalization is currently estimated to be $21.26 billion. It possesses a price-to-earnings ratio of 4.21, a price-to-earnings-growth ratio of 2.29, and a beta coefficient of 1.27. Although the current ratio is 0.42, the quick, debt-to-equity, and liquidity ratios are all equal to 0.37. The stock price is $88.60, a simple moving average for the past 50 days. During the previous year, the price of Principal Financial Group moved in a range that spanned from $61.05 to $96.17, with a low of $61.05 and a high of $96.17.

Principal Financial Group (NASDAQ: PFG) made public its report on the quarterly results of its operations on Thursday, October 27, thereby making the report available to the general public. The company reported $1.69 per share for the quarter, which was $0.24 higher than the average analyst projection of $1.45 per share. In addition, the net margin for Principal Financial Group was 286.70 percent, and the return on equity for the company was 14.61 percent based on the results of its operations. The company reported $1.69 per share for the quarter, which was $0.24 higher than the average analyst projection of $1.45 per share. The return on equity for Principal Financial Group was 14.61%, and the net margin for the company was 286.7%. The actual revenue for the quarter was $3.44 billion, which was a significant increase over the consensus expectation of $3.05 billion for the quarter’s revenue. According to forecasts provided by analysts working in the financial services sector, Principal Financial Group should be able to generate earnings of $6.47 per share for the current financial year.

The news regarding Principal Financial Group also includes Director Sandra L. Helton’s transaction on October 18, in which she sold 14,033 shares of Principal Financial Group stock. This transaction is included in the news. The buyers paid an average price of $80.05 per share during the sale, bringing the total value of the transaction to 1,123,341.65 dollars. The director is now the owner of 18,245 shares of the company, which have a total value of approximately $1,460,512.25 as a result of the transaction. You will be taken to a legal file submitted to the SEC if you click on the link we have provided, where you will find additional information regarding the sale. In addition, 1.17 company insiders own a percent of the total outstanding shares.

Recent changes in institutional investors’ holdings of PFG have included increases and reductions in the company’s stock they own. During the fourth quarter, MinichMacGregor Wealth Management LLC made a new investment that was approximately $25,000 in value. This investment included shares of Principal Financial Group, a component of the investment. Asset Dedication LLC successfully grew its holdings in Principal Financial Group by 5,666.7% during the third quarter. Asset Dedication LLC now has 346 shares of the company’s stock, valued at $2,500, following the purchase of an additional 340 shares during the most recent quarter. During the fourth quarter of 2018, Align Wealth Management LLC made a new investment with Principal Financial Group, totaling approximately $32,000. During the third quarter, Guardian Wealth Advisors LLC bought approximately 34 thousand dollars worth of additional shares of Principal Financial Group, which enabled the company to increase its holdings. In the second quarter, Clear Street Markets LLC increased the amount of Principal Financial Group stock owned by 397.0%, making this the last and most important point. After the purchase of an additional 393 shares during the most recent quarter, Clear Street Markets LLC now has 492 shares of the company’s stock, which is worth a total of $33,000. This brings the total number of shares owned by the company to 492 shares. At this point, 74.21% of the company’s stock is owned by institutions.

Principal Financial Group, Inc. is a global provider of retirement, asset management, and insurance goods and services for individuals, businesses, and institutions. Principal Financial Group, Inc., U.S. Insurance Solutions, Principal Global Investors, and Principal International are the divisions their names organize into the company.

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