Principal Financial Group (PFG) experienced an earnings rebound despite a 6% stock dip last quarter. Several financial institutions made changes in their stake at PFG, including
Headlands Technologies, Norges Bank, Mitsubishi UFJ Trust & Banking Corp, JPMorgan Chase & Co, and
Vanguard Group Inc. Adjustments to the price targets have also been made. For instance,
Evercore ISI decreased its price target from $94 to $92, whereas
Piper Sandler raised its price target to $95.00. Major changes are happening at PFG, such as the appointment of
Deanna Strable as the new CEO. Moreover,
Matthew Peron has been appointed as the Deputy CIO of Equities. Even though Wall Street has been speculating about the firm's performance,
UBS Group is forecasting strong price appreciation for PFG. In Q4 2024, PFG's earnings per share (EPS) beat expectations, hinting at a productive 2025 outlook. Additionally, PFG continued its commitment to ethical business practices which led to 7.8% market outperformance.
Principal Financial Group PFG News Analytics from Tue, 16 Jul 2024 07:00:00 GMT to Sat, 05 Apr 2025 20:41:28 GMT -
Rating -4
- Innovation 5
- Information 7
- Rumor -3
