The various events and developments surrounding
Principal Financial Group, Inc. (PFG) bring forward mixed sentiments. The company's
Q2 2024 earnings results were met with disappointment by investors, leading to a gap down in share prices. Nevertheless, the firm has demonstrated resilience in its
trading performance, often outperforming competition, even though it underperformed on some occasions. Organizations like
Natixis and
Bessemer Group are adjusting their positions, while entities such as Sei Investments Co. and SG Americas Securities LLC are increasing holdings. The company received a consensus recommendation of
'Hold' from brokerages.
Citigroup and
Jefferies Financial Group raised their price targets for PFG, reflecting a degree of confidence in its future performance. The
2023 Sustainability Report showcased the company's endeavors in sustainable investing. There is substantial institutional ownership of the company, with shareholders owning 72% of PFG. Downgrades and warnings about asset management headwinds, however, have made PFG shares less attractive to some investors. Despite mixed earnings, the company's revenue beat analysts' forecasts. PFG's financial outlook for 2024 is positive.
Principal Financial Group PFG News Analytics from Tue, 06 Feb 2024 08:00:00 GMT to Sun, 28 Jul 2024 13:59:30 GMT -
Rating 0
- Innovation -3
- Information 4
- Rumor -2
