Principal Financial Group (NASDAQ:PFG) Upgraded at Wells Fargo & Company

Wells Fargo & Company upgraded shares of Principal Financial Group (NASDAQ:PFG) from a strong sell rating to a hold rating in a report issued on Wednesday morning,Zacks.com reports.

Separately, Weiss Ratings upgraded shares of Principal Financial Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Principal Financial Group Trading Down 2.1%

Shares of PFG stock opened at $95.42 on Wednesday. The company has a market capitalization of $20.69 billion, a PE ratio of 18.11, a price-to-earnings-growth ratio of 0.90 and a beta of 0.89. Principal Financial Group has a 52-week low of $68.39 and a 52-week high of $97.88. The business’s fifty day moving average is $91.96 and its 200 day moving average is $85.82. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.27 and a current ratio of 0.27.

Principal Financial Group (NASDAQ:PFG) last posted its earnings results on Wednesday, February 18th. The company reported $2.20 EPS for the quarter. Principal Financial Group had a return on equity of 16.09% and a net margin of 7.58%.The business had revenue of $4.58 billion during the quarter.

Principal Financial Group Company Profile

Principal Financial Group (NASDAQ: PFG) is a global financial services company headquartered in Des Moines, Iowa, that provides a range of retirement, investment and insurance solutions to individuals, employers and institutional clients. The firm’s business is organized around retirement services, asset management, and insurance products designed to help clients plan, invest for, and protect income over the long term.

Principal’s product and service offerings include retirement plan recordkeeping and administration for employer-sponsored plans, individual and group retirement annuities, life and disability insurance, employee benefits solutions, and wealth management services.