Principal Financial Group (PFG) Stock Forecast, Price Target & Predictions
PFG Stock Forecast
Principal Financial Group stock forecast is as follows: an average price target of $82.20 (represents a 6.34% upside from PFG’s last price of $77.30) and a rating consensus of 'Hold', based on 9 wall street analysts offering a 1-year stock forecast.
PFG Price Target
The average price target for Principal Financial Group (PFG) is $82.20 based on 1-year price targets from 9 Wall Street analysts in the past 3 months, with a price target range of $91.00 to $74.00. This represents a potential 6.34% upside from PFG's last price of $77.30.
PFG Analyst Ratings
According to 9 Wall Street analysts, Principal Financial Group's rating consensus is 'Hold'. The analyst rating breakdown for PFG stock is 1 'Strong Buy' (11.11%), 0 'Buy' (0.00%), 5 'Hold' (55.56%), 3 'Sell' (33.33%), and 0 'Strong Sell' (0.00%).
Principal Financial Group Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 10, 2024 | Joshua Shanker | Bank of America Securities | $91.00 | $87.51 | 3.99% | 17.72% |
| Sep 04, 2024 | Alex Scott | Barclays | $74.00 | $81.14 | -8.80% | -4.27% |
| Aug 19, 2024 | Bob Huang | Morgan Stanley | $83.00 | $77.67 | 6.86% | 7.37% |
| Jul 29, 2024 | Mark Dwelle | RBC Capital | $87.00 | $81.44 | 6.83% | 12.55% |
| Jul 18, 2024 | Suneet Kamath | Jefferies | $76.00 | $87.46 | -13.10% | -1.68% |
| Jun 28, 2024 | Suneet Kamath | Jefferies | $78.00 | $79.46 | -1.84% | 0.91% |
| May 17, 2024 | John Barnidge | Piper Sandler | $85.00 | $84.56 | 0.53% | 9.96% |
| Apr 05, 2024 | John Barnidge | Piper Sandler | $90.00 | $84.60 | 6.38% | 16.43% |
| Feb 15, 2024 | Bob Huang | Morgan Stanley | $75.00 | $78.69 | -4.69% | -2.98% |
| Dec 02, 2021 | Alex Scott | Goldman Sachs | $64.00 | $69.38 | -7.75% | -17.21% |
| Jul 05, 2021 | Andrew Kligerman | Credit Suisse | $82.00 | $61.50 | 33.33% | 6.08% |
The latest Principal Financial Group stock forecast, released on Oct 10, 2024 by Joshua Shanker from Bank of America Securities, set a price target of $91.00, which represents a 3.99% increase from the stock price at the time of the forecast ($87.51), and a 17.72% increase from PFG last price ($77.30).
Principal Financial Group Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 9 |
| Avg Price Target | - | $91.00 | $82.11 |
| Last Closing Price | $77.30 | $77.30 | $77.30 |
| Upside/Downside | -100.00% | 17.72% | 6.22% |
In the current month, the average price target of Principal Financial Group stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Principal Financial Group's last price of $77.30. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Dec 11, 2024 | Wells Fargo | Underweight | Downgrade | |
| Oct 08, 2024 | Barclays | Underweight | Underweight | Hold |
| Oct 02, 2024 | Piper Sandler | Neutral | Neutral | Hold |
| Sep 04, 2024 | Barclays | Underweight | Initialise | |
| Aug 19, 2024 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
| Jul 30, 2024 | Keefe, Bruyette & Woods | Market Perform | Market Perform | Hold |
| Jul 29, 2024 | RBC Capital | Sector Perform | Sector Perform | Hold |
| Jul 23, 2024 | Citigroup | Sell | Sell | Hold |
| Jul 09, 2024 | Raymond James | Strong Buy | Upgrade | |
| Jun 28, 2024 | Jefferies | Hold | Hold | Hold |
| May 17, 2024 | Piper Sandler | Neutral | Neutral | Hold |
| Apr 05, 2024 | Piper Sandler | Neutral | Neutral | Hold |
| Jul 07, 2023 | Piper Sandler | Neutral | Neutral | Hold |
| Jun 23, 2023 | Jefferies | Hold | Upgrade | |
| Jun 09, 2023 | Keefe, Bruyette & Woods | Market Perform | Upgrade | |
| Nov 17, 2022 | Morgan Stanley | Underweight | Downgrade |
Principal Financial Group's last stock rating was published by Wells Fargo on Dec 11, 2024. The company Downgrade its PFG rating from "null" to "Underweight".
Principal Financial Group Financial Forecast
Principal Financial Group Revenue Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $4.60B | - | $2.82B | $3.12B | $4.60B | $6.66B | $3.11B | $4.09B | $3.42B | $3.54B | $3.21B | $3.77B | $3.31B |
| Avg Forecast | $5.04B | $4.44B | $4.91B | $4.63B | $4.62B | $4.24B | $4.53B | $4.33B | $4.38B | $4.01B | $4.29B | $4.10B | $4.06B | $3.92B | $3.80B | $3.68B | $3.57B | $3.60B | $3.48B | $3.19B | $3.34B | $3.16B | $3.34B | $3.55B | $3.80B | $3.99B | $3.71B | $3.73B | $3.95B | $3.63B |
| High Forecast | $5.17B | $4.55B | $5.03B | $4.75B | $4.74B | $4.35B | $4.64B | $4.44B | $4.50B | $4.11B | $4.41B | $4.20B | $4.27B | $3.97B | $3.80B | $3.68B | $3.62B | $3.66B | $3.57B | $3.27B | $3.43B | $3.16B | $3.34B | $3.55B | $3.80B | $3.99B | $3.71B | $3.73B | $3.95B | $3.63B |
| Low Forecast | $4.86B | $4.28B | $4.74B | $4.46B | $4.46B | $4.09B | $4.37B | $4.18B | $4.23B | $3.87B | $4.14B | $4.00B | $3.85B | $3.86B | $3.80B | $3.68B | $3.50B | $3.53B | $3.36B | $3.08B | $3.23B | $3.16B | $3.34B | $3.55B | $3.80B | $3.99B | $3.71B | $3.73B | $3.95B | $3.63B |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 4 | 2 | 3 | 3 | 6 | 5 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 8 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.28% | - | 0.88% | 0.93% | 1.46% | 1.99% | 0.88% | 1.08% | 0.86% | 0.95% | 0.86% | 0.95% | 0.91% |
Principal Financial Group's average Quarter revenue forecast for Dec 23 based on 6 analysts is $3.57B, with a low forecast of $3.50B, and a high forecast of $3.62B. PFG's average Quarter revenue forecast represents a -22.35% decrease compared to the company's last Quarter revenue of $4.60B (Sep 23).
Principal Financial Group EBITDA Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 4 | 2 | 3 | 3 | 6 | 5 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 8 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.60B | - | $-212.50M | $275.80M | $1.73B | $3.88B | $423.50M | $575.60M | $423.70M | $422.80M | $614.70M | $572.70M | $275.20M |
| Avg Forecast | $361.88M | $318.85M | $352.56M | $332.44M | $331.82M | $304.34M | $325.23M | $310.89M | $314.96M | $287.99M | $308.58M | $294.63M | $291.93M | $281.47M | $272.71M | $562.86M | $256.57M | $258.96M | $249.81M | $511.69M | $809.66M | $481.99M | $509.76M | $404.50M | $579.66M | $607.88M | $565.83M | $527.54M | $601.79M | $553.28M |
| High Forecast | $371.32M | $327.17M | $361.76M | $341.12M | $340.47M | $312.28M | $333.71M | $319.00M | $323.18M | $295.50M | $316.63M | $301.95M | $307.11M | $285.33M | $272.71M | $675.43M | $260.20M | $263.06M | $256.33M | $614.03M | $971.59M | $481.99M | $509.76M | $485.40M | $579.66M | $607.88M | $565.83M | $633.05M | $601.79M | $553.28M |
| Low Forecast | $349.23M | $307.70M | $340.23M | $320.82M | $320.21M | $293.70M | $313.85M | $300.01M | $303.95M | $277.92M | $297.79M | $287.30M | $276.76M | $277.62M | $272.71M | $450.29M | $251.48M | $253.86M | $241.08M | $409.35M | $647.73M | $481.99M | $509.76M | $323.60M | $579.66M | $607.88M | $565.83M | $422.03M | $601.79M | $553.28M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 6.20% | - | -0.42% | 0.34% | 3.60% | 7.62% | 1.05% | 0.99% | 0.70% | 0.75% | 1.17% | 0.95% | 0.50% |
6 analysts predict PFG's average Quarter EBITDA for Dec 23 to be $256.57M, with a high of $260.20M and a low of $251.48M. This is -84.01% lower than Principal Financial Group's previous annual EBITDA (Sep 23) of $1.60B.
Principal Financial Group Net Income Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 4 | 2 | 3 | 3 | 6 | 5 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 8 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.25B | - | $-134.50M | $15.50M | $1.39B | $3.06B | $376.20M | $505.20M | $359.90M | $361.80M | $517.10M | $472.60M | $236.00M |
| Avg Forecast | $631.93M | $622.13M | $587.04M | $535.92M | $555.13M | $547.27M | $543.01M | $490.38M | $507.62M | $505.49M | $483.11M | $441.29M | $461.85M | $458.79M | $423.36M | $499.99M | $389.77M | $374.99M | $380.90M | $454.54M | $448.93M | $340.55M | $328.27M | $359.32M | $390.32M | $377.97M | $360.70M | $443.78M | $337.62M | $329.48M |
| High Forecast | $653.36M | $643.23M | $606.95M | $554.09M | $573.95M | $565.83M | $561.42M | $507.00M | $524.84M | $522.63M | $499.50M | $477.69M | $473.45M | $460.25M | $423.37M | $599.99M | $405.82M | $397.85M | $393.82M | $545.45M | $538.72M | $340.55M | $328.27M | $431.18M | $390.32M | $377.97M | $360.70M | $532.54M | $337.62M | $329.48M |
| Low Forecast | $603.21M | $593.85M | $560.35M | $511.55M | $529.89M | $522.39M | $518.33M | $468.08M | $484.55M | $482.51M | $461.15M | $409.45M | $440.96M | $457.33M | $423.35M | $399.99M | $376.02M | $349.84M | $363.59M | $363.63M | $359.15M | $340.55M | $328.27M | $287.46M | $390.32M | $377.97M | $360.70M | $355.02M | $337.62M | $329.48M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 3.32% | - | -0.30% | 0.03% | 4.07% | 9.32% | 1.05% | 1.29% | 0.95% | 1.00% | 1.17% | 1.40% | 0.72% |
Principal Financial Group's average Quarter net income forecast for Dec 23 is $389.77M, with a range of $376.02M to $405.82M. PFG's average Quarter net income forecast represents a -68.72% decrease compared to the company's last Quarter net income of $1.25B (Sep 23).
Principal Financial Group SG&A Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 4 | 2 | 3 | 3 | 6 | 5 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 8 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.20B | $1.27B | $1.20B | $1.16B | $1.17B |
| Avg Forecast | $1.61B | $1.42B | $1.57B | $1.48B | $1.48B | $1.36B | $1.45B | $1.39B | $1.41B | $1.29B | $1.38B | $1.31B | $1.30B | $1.26B | $1.22B | $1.18B | $1.14B | $1.16B | $1.11B | $1.02B | $1.07B | $1.01B | $1.07B | $1.14B | $1.22B | $1.28B | $1.19B | $1.03B | $1.27B | $1.16B |
| High Forecast | $1.66B | $1.46B | $1.61B | $1.52B | $1.52B | $1.39B | $1.49B | $1.42B | $1.44B | $1.32B | $1.41B | $1.35B | $1.37B | $1.27B | $1.22B | $1.18B | $1.16B | $1.17B | $1.14B | $1.05B | $1.10B | $1.01B | $1.07B | $1.14B | $1.22B | $1.28B | $1.19B | $1.24B | $1.27B | $1.16B |
| Low Forecast | $1.56B | $1.37B | $1.52B | $1.43B | $1.43B | $1.31B | $1.40B | $1.34B | $1.36B | $1.24B | $1.33B | $1.28B | $1.23B | $1.24B | $1.22B | $1.18B | $1.12B | $1.13B | $1.08B | $986.14M | $1.03B | $1.01B | $1.07B | $1.14B | $1.22B | $1.28B | $1.19B | $825.05M | $1.27B | $1.16B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.94% | 1.06% | 1.17% | 0.92% | 1.00% |
Principal Financial Group's average Quarter SG&A projection for Dec 21 is $1.22B, based on 4 Wall Street analysts, with a range of $1.22B to $1.22B. The forecast indicates a 1.84% rise compared to PFG last annual SG&A of $1.20B (Sep 21).
Principal Financial Group EPS Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 4 | 2 | 3 | 3 | 6 | 5 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 8 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $5.20 | - | $-0.55 | $0.06 | $5.59 | $12.11 | $1.45 | $1.90 | $1.34 | $1.34 | $1.89 | $1.72 | $0.86 |
| Avg Forecast | $2.74 | $2.70 | $2.54 | $2.32 | $2.41 | $2.37 | $2.35 | $2.13 | $2.20 | $2.19 | $2.09 | $1.91 | $2.00 | $1.99 | $1.84 | $1.73 | $1.69 | $1.63 | $1.65 | $1.50 | $1.54 | $1.44 | $1.39 | $1.58 | $1.65 | $1.60 | $1.52 | $1.35 | $1.43 | $1.39 |
| High Forecast | $2.83 | $2.79 | $2.63 | $2.40 | $2.49 | $2.45 | $2.43 | $2.20 | $2.27 | $2.27 | $2.17 | $2.07 | $2.05 | $2.00 | $1.84 | $1.81 | $1.76 | $1.72 | $1.71 | $1.54 | $1.60 | $1.44 | $1.39 | $1.58 | $1.65 | $1.60 | $1.52 | $1.35 | $1.43 | $1.39 |
| Low Forecast | $2.61 | $2.57 | $2.43 | $2.22 | $2.30 | $2.26 | $2.25 | $2.03 | $2.10 | $2.09 | $2.00 | $1.77 | $1.91 | $1.98 | $1.84 | $1.65 | $1.63 | $1.52 | $1.58 | $1.47 | $1.47 | $1.44 | $1.39 | $1.58 | $1.65 | $1.60 | $1.52 | $1.35 | $1.43 | $1.39 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 3.20% | - | -0.37% | 0.04% | 3.88% | 8.73% | 0.92% | 1.15% | 0.84% | 0.88% | 1.40% | 1.21% | 0.62% |
According to 6 Wall Street analysts, Principal Financial Group's projected average Quarter EPS for Dec 23 is $1.69, with a low estimate of $1.63 and a high estimate of $1.76. This represents a -67.51% decrease compared to PFG previous annual EPS of $5.20 (Sep 23).
Principal Financial Group Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| AMG | Affiliated Managers Group | $186.67 | $204.00 | 9.28% | Buy |
| TROW | T. Rowe Price Group | $117.89 | $125.00 | 6.03% | Hold |
| PFG | Principal Financial Group | $77.54 | $82.20 | 6.01% | Hold |
| STT | State Street | $98.70 | $103.00 | 4.36% | Hold |
| BEN | Franklin Resources | $21.34 | $22.00 | 3.09% | Hold |
| NTRS | Northern Trust | $104.71 | $105.20 | 0.47% | Buy |
| IVZ | Invesco | $17.80 | $17.50 | -1.69% | Hold |
| BK | Bank of New York Mellon | $78.45 | $76.80 | -2.10% | Buy |
| ARES | Ares Management | $178.33 | $167.83 | -5.89% | Buy |
| SEIC | SEI Investments Company | $85.12 | $79.00 | -7.19% | Buy |
| AMP | Ameriprise Financial | $541.86 | $495.00 | -8.65% | Buy |
| JHG | Janus Henderson Group | $43.44 | $37.00 | -14.83% | Hold |