A new trading day began on Tuesday, with Principal Financial Group Inc (NASDAQ: PFG) stock price up 0.20% from the previous day of trading, before settling in for the closing price of $81.35. PFG’s price has ranged from $65.17 to $86.79 over the past 52 weeks.
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During the last 5-year period, the sales growth of Financial Sector giant was 0.49%. Meanwhile, its annual earnings per share averaged 16.33%. With a float of $233.63 million, this company’s outstanding shares have now reached $236.44 million.
Let’s determine the extent of company efficiency that accounts for 19800 employees.
Principal Financial Group Inc (PFG) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Asset Management Industry. The insider ownership of Principal Financial Group Inc is 0.65%, while institutional ownership is 73.21%.
Principal Financial Group Inc (PFG) Earnings and Forecasts
In its latest quarterly report, released on 12/31/2023, the company reported earnings of 1.48 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.9 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 16.33% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 12.40% during the next five years compared to -13.80% drop over the previous five years of trading.
Principal Financial Group Inc (NASDAQ: PFG) Trading Performance Indicators
Here are Principal Financial Group Inc’s current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.40. Likewise, its price to free cash flow for the trailing twelve months is 5.19.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.42, a number that is poised to hit 1.73 in the next quarter and is forecasted to reach 8.46 in one year’s time.
Technical Analysis of Principal Financial Group Inc (PFG)
Looking closely at Principal Financial Group Inc (NASDAQ: PFG), its last 5-days average volume was 0.84 million, which is a drop from its year-to-date volume of 1.13 million. As of the previous 9 days, the stock’s Stochastic %D was 69.89%. Additionally, its Average True Range was 1.37.
During the past 100 days, Principal Financial Group Inc’s (PFG) raw stochastic average was set at 62.78%, which indicates a significant increase from 41.07% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 17.53% in the past 14 days, which was higher than the 16.53% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $81.57, while its 200-day Moving Average is $77.19. However, in the short run, Principal Financial Group Inc’s stock first resistance to watch stands at $81.81. Second resistance stands at $82.11. The third major resistance level sits at $82.47. If the price goes on to break the first support level at $81.15, it is likely to go to the next support level at $80.79. Should the price break the second support level, the third support level stands at $80.49.
Principal Financial Group Inc (NASDAQ: PFG) Key Stats
With a market capitalization of 19.17 billion, the company has a total of 235,150K Shares Outstanding. Currently, annual sales are 13,666 M while annual income is 623,200 K. The company’s previous quarter sales were 2,691 M while its latest quarter income was -871,700 K.
