Deutsche Bank Maintains Principal Financial Group Inc to Hold with Price Target $48.00

Brokerage firm Deutsche Bank Maintains its rating on Principal Financial Group Inc(NYSE:PFG). In a research note issued to the investors, the brokerage major Raises the price-target to $48.00 per share. The shares have been rated Hold. The rating by Deutsche Bank was issued on Aug 3, 2016.

In a different note, On Jul 29, 2016, Barclays said it Maintains its rating on Principal Financial Group Inc. In the research note, the firm Raises the price-target to $41.00 per share. The shares have been rated ‘Equal-weight’ by the firm. On Jul 7, 2016, Deutsche Bank said it Maintains its rating on Principal Financial Group Inc. In the research note, the firm Lowers the price-target to $46.00 per share. The shares have been rated ‘Hold’ by the firm. On Jun 29, 2016, Bank of America said it Downgrades its rating on Principal Financial Group Inc. The shares have been rated ‘Neutral’ by the firm.

Principal Financial Group Inc (PFG) shares turned negative on Fridays trading session with the shares closing down -0.38 points or -0.81% at a volume of 9,75,532. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $46.955. The peak price level was also seen at $46.955 while the days lowest was $46.4. Finally the shares closed at $46.78. The 52-week high of the shares is $58.02 while the 52-week low is $33.09. According to the latest information available, the market cap of the company is $13,454 M.

Principal Financial Group Inc has also declared a cash dividend of $0.4100 on Jul 28, 2016. The shares will quote ex-dividend on Aug 31, 2016 and the record date has been fixed on Sep 2, 2016. The dividend payable date has been fixed on Sep 30, 2016.

Principal Financial Group Inc(PFG) last announced its earnings results on Jul 28, 2016 for Fiscal Year 2016 and Q2.Earnings per share were $1.15. Analysts had estimated an EPS of $1.06.

Several Insider Transactions has been reported to the SEC. On Jun 24, 2016, Gregory Bernard Elming (SVP & Chief Risk Officer) sold 46,770 shares at $43.73 per share price.Also, On May 24, 2016, James P Mccaughan (President – Global Asset Mgmt.) sold 10,000 shares at $43.13 per share price.On Feb 23, 2016, Daniel Gelatt (director) purchased 30,000 shares at $36.74 per share price, according to the Form-4 filing with the securities and exchange commission.

Principal Financial Group Inc. is an investment management company. The Company offers businesses individuals and institutional clients a range of financial products and services including retirement asset management and insurance through its financial services companies. Its segments include Retirement and Investor Services Principal Global Investors Principal International and U.S. Insurance Solutions. Its Retirement and Investor Services segment provides retirement and related financial products and services primarily to businesses their employees and other individuals. The Principal Global Investors segment provides asset management services.. The Principal International segment offers pension accumulation products and services mutual funds asset management income annuities and life insurance accumulation products. The U.S. Insurance Solutions segment offers individual and group insurance solutions.

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