Principal Financial Group has recently been experiencing a series of major transactions, with companies like Xponance Inc., Cibc World Markets Corp, and Blueshift Asset Management LLC acquiring their shares. Notably, its market value witnessed a drop of US$683m; nonetheless, it was offset by a year of 9.8% returns, indicating a steady overall performance. This financial firm has also revealed its full-year and Q4 2024 financial results, along with the 2025 outlook. However, results reflect mixed sentiments with some earnings lagging estimates and certain quarters recording net loss. In the same breath, it has hit an 80-plus RS rating, a notable benchmark in financial performance. The company's ethical business practices are credited for 7.8% market outperformance. Despite some entities selling their shares, Principal Financial Group still enjoys 73% ownership from institutional backing. Recently, they closed a $3.64 billion capital raise for Data Center Growth & Income Fund and revealed Deanna Strable as the next CEO. Interestingly, the firm is named one of 2025’s Most Ethical Companies by Ethisphere.
Principal Financial Group PFG News Analytics from Tue, 16 Jul 2024 07:00:00 GMT to Sat, 22 Mar 2025 22:26:15 GMT -
Rating 2
- Innovation -1
- Information 6
- Rumor -8
