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

Principal Financial Group (NASDAQ:PFG) was upgraded by stock analysts at Wells Fargo & Company from a “strong sell” rating to a “hold” rating in a report released on Wednesday,Zacks.com reports.

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

Principal Financial Group Stock Down 0.2%

Shares of NASDAQ:PFG opened at $94.68 on Wednesday. The business has a 50-day moving average price of $91.67 and a 200 day moving average price of $85.61. Principal Financial Group has a 12-month low of $68.39 and a 12-month high of $97.88. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $20.53 billion, a price-to-earnings ratio of 17.97, a PEG ratio of 0.88 and a beta of 0.89.

Principal Financial Group (NASDAQ:PFG) last announced its earnings results on Wednesday, February 18th. The company reported $2.20 earnings per share for the quarter. Principal Financial Group had a net margin of 7.58% and a return on equity of 16.09%. The company 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.