Analysts See $1.28 EPS for Principal Financial Group Inc (PFG)

October 13, 2017 - By Peter Erickson

 Analysts See $1.28 EPS for Principal Financial Group Inc (PFG)
Investors sentiment decreased to 1.06 in Q2 2017. Its down 0.03, from 1.09 in 2017Q1. It dived, as 30 investors sold Principal Financial Group Inc shares while 173 reduced holdings. 72 funds opened positions while 144 raised stakes. 193.64 million shares or 2.51% less from 198.64 million shares in 2017Q1 were reported.
Moreover, Gateway Inv Advisers Limited Liability Co has 0.17% invested in Principal Financial Group Inc (NYSE:PFG). 85,400 are owned by Laurion Cap Management Lp. Old Mutual Customised Solutions (Proprietary) holds 0.13% or 13,245 shares in its portfolio. Macquarie Gp Limited holds 0% or 7,300 shares. L S reported 6,290 shares. First Allied Advisory invested 0.02% of its portfolio in Principal Financial Group Inc (NYSE:PFG). Los Angeles Mgmt & Equity Rech invested in 0.07% or 172,108 shares. Jefferies Ltd Co accumulated 45,090 shares. 77,599 are owned by Oregon Pub Employees Retirement Fund. Zurcher Kantonalbank (Zurich Cantonalbank), Switzerland-based fund reported 184,594 shares. Johnson Financial Group owns 668 shares for 0.01% of their portfolio. Whittier Tru Co Of Nevada accumulated 0% or 127 shares. Virtus Invest Advisers Inc stated it has 18,458 shares. Rhumbline Advisers owns 483,198 shares or 0.07% of their US portfolio. Cap Mngmt Corp Va invested in 233,690 shares or 4.47% of the stock.

Since May 8, 2017, it had 0 insider buys, and 6 insider sales for $9.62 million activity. SCHOLTEN GARY P also sold $1.43M worth of Principal Financial Group Inc (NYSE:PFG) shares. MCCAUGHAN JAMES P had sold 5,000 shares worth $320,050. Shares for $2.48 million were sold by SHAFF KAREN E. 10,375 Principal Financial Group Inc (NYSE:PFG) shares with value of $664,000 were sold by Valdes Luis E..

Wall Street await Principal Financial Group Inc (NYSE:PFG) to release earnings on October, 26 after the close. Analysts forecast earnings per share of $1.28, up exactly $0.13 or 11.30 % from 2014’s $1.15 EPS. The expected PFG’s profit could reach $370.71 million giving the stock 13.15 P/E in the case that $1.28 earnings per share is reported. After posting $1.31 EPS for the previous quarter, Principal Financial Group Inc’s analysts now forecast -2.29 % negative EPS growth. The stock increased 0.04% or $0.03 during the last trading session, reaching $67.33. About 879,277 shares traded. Principal Financial Group Inc (NYSE:PFG) has risen 43.60% since October 13, 2016 and is uptrending. It has outperformed by 26.90% the S&P500.

Principal Financial Group Inc (NYSE:PFG) Ratings Coverage

Among 15 analysts covering Principal Financial Group Inc. (NYSE:PFG), 5 have Buy rating, 2 Sell and 8 Hold. Therefore 33% are positive. Principal Financial Group Inc. had 31 analyst reports since August 18, 2015 according to SRatingsIntel. The stock has “Outperform” rating by Wood on Friday, April 7. The firm has “Outperform” rating given on Friday, October 23 by RBC Capital Markets. As per Thursday, January 26, the company rating was initiated by Citigroup. The firm has “Sell” rating given on Wednesday, April 6 by Citigroup. The company was maintained on Friday, July 29 by Barclays Capital. On Thursday, November 17 the stock rating was maintained by Barclays Capital with “Equal Weight”. The stock of Principal Financial Group Inc (NYSE:PFG) has “Sell” rating given on Thursday, September 10 by Goldman Sachs. The stock has “Equal-Weight” rating by Morgan Stanley on Thursday, October 5. The firm has “Outperform” rating given on Thursday, November 17 by RBC Capital Markets. The stock of Principal Financial Group Inc (NYSE:PFG) earned “Buy” rating by RBC Capital Markets on Tuesday, September 5.

Principal Financial Group, Inc. is an investment management company. The company has market cap of $19.50 billion. The Firm offers a range of financial services and products, including retirement, asset management and insurance. It has a 15.32 P/E ratio. The Company’s divisions include Retirement and Income Solutions; Principal Global Investors, Principal International; U.S.

More news for Principal Financial Group Inc (NYSE:PFG) were recently published by: Nasdaq.com, which released: “Zacks.com featured highlights: Facebook, NVIDIA, Principal Financial Group, AO …” on October 10, 2017. Businesswire.com‘s article titled: “Principal Launches US Mega-Cap Multi-Factor Index ETF” and published on October 12, 2017 is yet another important article.

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