58.84 0.00 (0.00%)
After hours: 4:06PM EDT
|Bid||58.70 x 4000|
|Ask||59.50 x 1100|
|Day's Range||58.73 - 59.51|
|52 Week Range||40.42 - 61.12|
|Beta (3Y Monthly)||1.50|
|PE Ratio (TTM)||10.65|
|Earnings Date||Jul 25, 2019|
|Forward Dividend & Yield||2.16 (3.64%)|
|1y Target Est||58.23|
Nearly a quarter of Americas say they never plan to retire, according to a new Associate Press poll. Roughly another quarter of Americans say they will continue to work beyond their 65th birthday. Yahoo Finance's Seana Smith, Jared Blikre, Dan Howley and Dan Roberts discuss.
Principal Financial Group® today announced that Scott Boyd has joined the company as Head of Sales for Workplace Savings and Retirement Solutions in the Retirement and Income Solutions division, effective August 12, 2019. “I couldn’t be more pleased to welcome Scott to Principal.
Principal Financial's (PFG) Q2 earnings is likely to benefit from expanded distribution network and strength and leadership in retirement and long-term savings.
The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). We'll show how you can use...
PURCHASE, N.Y. and JOHANNESBURG, July 19, 2019 /PRNewswire/ -- PepsiCo, Inc. (PEP) ("PepsiCo") today announced that it has entered into an agreement to acquire all the outstanding shares of Pioneer Foods Group Ltd. (PFG) ("Pioneer Foods") for R110.00 per share in cash (approximately US $1.7 billion), which represents a 56% premium to the 30-day volume weighted average price prior to the cautionary announcement on July 15, 2019. Pioneer Foods has a robust, locally relevant product portfolio that complements PepsiCo's current lineup, with strong positions in cereals, juices, and other African nutritional food staples, including well-known, scaled brands like Weet-Bix, Liqui-Fruit, Ceres, Sasko, Safari, Spekko, and White Star. At the same time, this acquisition will help PepsiCo gain a solid beachhead for expansion into Sub-Saharan Africa by boosting the company's manufacturing and go-to-market capabilities, enabling scale and distribution.
Principal Financial (PFG) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Wells Fargo & Co. has more work to do when it comes to reducing operating expenses. Executives addressed this multiple times during Wells Fargo's investor call this morning following the release of its second-quarter earnings report.
(Bloomberg) -- When an Israeli developer of sophisticated smartphone-hacking software turned to Wall Street to finance a private-equity buyout, many debt investors found the company too toxic to touch. For some, including several collateralized loan obligation managers and BlackRock Inc., the deal was too good to pass up.Filings and trustee reports are painting a picture of which firms bought a piece of the roughly $500 million loan that helped finance the buyout of NSO Group, which licenses its technology to governments and intelligence agencies globally to fight terrorism and crime. Banks had to sell the debt at a steep discount amid accusations that NSO’s software had also been used by countries including Saudi Arabia to target human rights defenders, journalists and dissidents.Among the buyers: MJX Asset Management, Zais Group, Ellington Management Group and Saratoga Investment Corp. Those firms manage CLOs, which pool together risky loans and slice them into securities of varying risks. Mutual funds run by BlackRock and Principal Financial Group also bought a piece. Spokesmen for BlackRock, Ellington and Saratoga declined to comment, while representatives from MJX, Zais, and Principal Financial didn’t respond to requests for comment.Few TakersThe criticism of NSO comes at a time of increased scrutiny toward banks and asset managers over their business interests in controversial sectors, and amid rising demand for strategies that use environmental, social and governance criteria to screen investments. BlackRock itself has thrown its weight behind responsible investing by calling on chief executives to look beyond profits, and by pressuring gun makers in the wake of a deadly U.S. school shooting.Increased observance of such principles were a large reason that NSO found so few investors for its loan when it marketed the debt in March, people with knowledge of the matter said at the time.Demand was so scarce that Jefferies Financial Group Inc. and Credit Suisse Group AG were initially forced to come up with the cash themselves before they sold the debt to investors in April at just 90% of face value. Proceeds from the loan were used to fund the company’s buyout by private equity firm Novalpina Capital Group and NSO executives.NSO’s flagship software, known as Pegasus, is such a powerful tool that it’s licensed to foreign governments only with the approval of Israel’s Ministry of Defense, similar to an arms deal. Nevertheless, a United Nations expert last month called for an immediate moratorium on the sale of such products, depicting the private surveillance industry as a “free for all” causing “immediate and regular harm to individuals and organizations that are essential to democratic life.”Organizations including Amnesty International and Human Rights Watch have also criticized NSO’s business.NSO says that intelligence agencies and public safety officials rely on its software to combat increasingly tech savvy criminal enterprises, and that it has only identified three instances of client misuse in its history.“It’s not surprising a number of responsible investors have recognized this as well and have chosen to lend their weight behind a company that is working to make the world a safer place,” an NSO spokeswoman said in an email response to questions.BlackRock’s $4.6 million investment in NSO was made through its Event Driven Equity fund, which mostly makes bets on corporate events such as mergers and restructurings. The fund doesn’t have a specific mandate to incorporate ESG criteria in its investment process, nor do the funds managed by MJX, Zais, Ellington, Saratoga or Principal Financial.To contact the reporter on this story: Davide Scigliuzzo in New York at email@example.comTo contact the editors responsible for this story: Natalie Harrison at firstname.lastname@example.org, Boris KorbyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Principal Financial (PFG) have what it takes? Let's find out.
Principal Financial Group Inc NASDAQ/NGS:PFGView full report here! Summary * Perception of the company's creditworthiness is neutral * Bearish sentiment is low * Economic output for the sector is expanding but at a slower rate Bearish sentimentShort interest | PositiveShort interest is low for PFG with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NeutralETF activity is neutral. The net inflows of $5.12 billion over the last one-month into ETFs that hold PFG are not among the highest of the last year and have been slowing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. Credit worthinessCredit default swap | NeutralThe current level displays a neutral indicator. PFG credit default swap spreads are near their highest levels of the last 3 years, which indicates the market's more negative perception of the company's credit worthiness.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Is Principal Financial Group, Inc. (NASDAQ:PFG) a good dividend stock? How can we tell? Dividend paying companies with...
The Principal Financial Group® today announced that Beth Wood has joined the company as senior vice president and chief marketing officer (CMO), effective July 22, 2019. As CMO, Wood assumes overall responsibility of the Global Center for Brand and Insights which includes brand, market research, analytics and business intelligence, global firm relations and external communications. Most recently, Wood served as vice president and chief marketing officer of the individual businesses at Guardian Life Insurance.
Today, Principal Financial Group® (PFG) announced the closing of its acquisition of the Wells Fargo & Company (WFC) Institutional Retirement & Trust business. Principal® will now begin the integration of Wells Fargo’s defined contribution, defined benefit, executive deferred compensation, employee stock ownership plans, institutional trust and custody and institutional asset advisory businesses.
Principal Global Investors today announced the launch of its first interval fund, the Principal Diversified Select Real Asset (DSRA) fund, which primarily invests in private real assets, including infrastructure, natural resources, and real estate. “This launch reflects Principal’s commitment to meeting growing client interest and demand for products that offer access and exposure to diversifying private assets,” said Mike Beer, executive director of Principal Funds. Interval funds, which have grown to more than $27 billion in assets under management, provide investors with exposure to less liquid investments, while granting managers greater flexibility to invest in private, non-listed assets typically aligned with longer-term investment goals.
"Since 2006, value stocks (IVE vs IVW) have underperformed 11 of the 13 calendar years and when they beat growth, it wasn't by much. Cumulatively, through this week, it has been a 122% differential (up 52% for value vs up 174% for growth). This appears to be the longest and most severe drought for value […]
Zacks.com featured highlights include: Hibbett Sports, Comtech, Quanta Services, Principal Financial and Zions
(Bloomberg Opinion) -- There were 755,436 people working in financial activities in the New York metropolitan area last year, more than twice as many as in the next-biggest area for such jobs, metro Los Angeles. But this amounted to just 8% of New York-area jobs. There are other metropolitan areas where finance makes up a much larger share of employment than that.What the location quotient numbers in the above chart mean, basically, is that in Bloomington, you’re almost four times as likely to encounter people who work in finance as in the country as a whole, and more than 2 1/2 times as likely to encounter them as in the nation’s financial capital. Which makes sense, given that the small Illinois city (2018 metro area population: 188,597) is the home base of insurance giant State Farm; Country Financial, another large insurance and financial group, is also headquartered there. A whopping 22% of the area’s jobs are in financial activities (nationwide, the percentage is 5.6%).Related: Where Microbrewery Jobs Are OverflowingBig insurers explain a lot about these rankings: There’s Principal Financial Group Inc. in Des Moines (along with 80 other insurance and financial services companies); the Hartford Financial Services Group Inc., Cigna Corp. and Aetna (since late last year a subsidiary of CVS Health Corp.) in and around Hartford; Mutual of Omaha in Omaha; USAA in San Antonio. In Sioux Falls, the specialty is credit cards — Citibank famously moved its card operations to the city in 1981 to take advantage of new South Dakota laws that allowed it to charge higher interest rates, and both Citibank and Wells Fargo are now officially based there (their parent companies, Citigroup Inc. and Wells Fargo & Co., are not). The Phoenix, Jacksonville, Omaha, Tampa, San Antonio, Salt Lake City and Dallas areas also all house big financial-services back-office operations. Bridgeport-Stamford-Norwalk — aka Fairfield County, Connecticut — has insurance and investment banking but also a lot of hedge funds, which helps explain why it has the nation’s highest financial-sector average annual wage, at $244,083.Just to round things out, Dubuque has the headquarters of Heartland Financial USA Inc., which owns community banks in 12 states; a Prudential Retirement call center; and a couple of local financial institutions. Birmingham is home to two sizable regional banks, Regions Financial Corp. and Banco Bilbao Vizcaya Argentaria SA subsidiary BBVA Compass. Oh, and New York has some financial institutions, too.Financial activities as defined by the Bureau of Labor Statistics include real estate and rental and leasing, which doesn’t entirely square with what most of us think of as finance. But when I narrowed things down to finance and insurance, Des Moines and Sioux Falls disappeared from the statistics, as the BLS often suppresses local data “to protect the identity, or identifiable information, of cooperating employers.” And I hated the idea of leaving out Des Moines and Sioux Falls, as anyone would.Still, it’s worth redoing the above exercise with a couple of narrower categories that accord better with the notion of high finance. Here are the 10 metropolitan areas with the highest employment location quotients for investment banking and securities dealing:OK, Durham-Chapel Hill was a bit of a surprise at the top of this list; the main explanation seems to be that Credit Suisse Group NA’s Raleigh campus, the firm’s second-largest office in the Americas, is not in Raleigh but in nearby Durham County. Still, the location quotients for metro New York and neighboring Fairfield County stand out, too, and in absolute terms there are seven times as many investment banking jobs in the New York area as in No. 2 metro Chicago. In other words, the commanding heights of investment banking in the U.S. are mostly where everybody thinks they are — although the pay is highest in the San Francisco area, where the investment bankers who take tech companies public tend to work.Finally, here’s the top 10 for portfolio management:It’s obviously no shock to see Bridgeport-Stamford-Norwalk in the top spot, although that location quotient really is something. Santa Fe, the U.S. metropolitan area with the most-altitudinous central city, at 7,199 feet (2,194 meters), is a little less obvious. The most famous hedge fund in town (Prediction Company, started in 1991 by a couple of physicists affiliated with the Santa Fe Institute) shut down last year, but a number of other money managers and private equity funds are located there, presumably because their founders like mountain air and art. The Virginia college town of Charlottesville exerts a similar if damper appeal; my Bloomberg Opinion colleague Joe Nocera wrote about the doings of a hedge fund kingpin there in March.There’s a clear wage divide on this list between places where money managers cluster, driving average pay above $300,000 a year, and those where the great majority of jobs are in administration, customer service and the like, such as metro Philadelphia, home to the largest mutual fund complex, Vanguard Group Inc. The Terre Haute metropolitan area clearly fits in the latter category, although it’s not clear where those 147 portfolio management employees work. Terre Haute-based First Financial Corp. is the area’s biggest financial services employer by far, but it’s chiefly a banking company.The point here, other than just taking advantage of the fun data that the BLS releases every three months from the Quarterly Census of Employment and Wages, is that while the standard picture of a U.S. financial sector concentrated in and around New York isn’t all wrong, there are other places around the U.S. that depend even more on financial services jobs to pay the bills.Coming Sunday: A booming local health-care industry isn’t always a good thing.To contact the author of this story: Justin Fox at firstname.lastname@example.orgTo contact the editor responsible for this story: Brooke Sample at email@example.comThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Justin Fox is a Bloomberg Opinion columnist covering business. He was the editorial director of Harvard Business Review and wrote for Time, Fortune and American Banker. He is the author of “The Myth of the Rational Market.”For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Value stocks are supposed to be inexpensive to other factor-based strategies, including growth, but that chasm is becoming historically wide and there are good reasons for that scenario."Multiple expansion, i.e., paying more for a dollar of earnings, has played a part as well," said BlackRock in a recent note. "Since the 2011 market bottom, the trailing price-to-earnings (P/E) ratio for the Russell 1000 Growth Index is up roughly 65%. In contrast, the value index's P/E ratio has expanded by a more modest 40%."Making value investors' tasks even more difficult is the massive performance gulf between the growth and value factors, one that has been long-running by historical standards.InvestorPlace - Stock Market News, Stock Advice & Trading Tips"Growth's recent out-performance conforms to the post-crisis norm," said BlackRock in a recent note. "Focusing on price returns, since 2010 growth has outperformed value by an average of approximately 350 bps a year. The outperformance has not only been meaningful, it has been consistent. During the past five years value has only outperformed meaningfully on one occasion, 2016."That trend is continuing this year. Through June 13, the S&P Growth Index is up 18.2% year-to-date compared to 14.3% for the S&P 500 Value Index. Other data points confirm value is getting really, really cheap."JPMorgan tracks value through a basket of 100 stocks picked for their low price-to-book value, price-to-earnings ratio, and price-to-sales ratio, among other indicators," reports CNBC. "This collection of stocks is trading at their cheapest valuations ever and at their largest discount to the market in decades." * 10 Monthly Dividend Stocks to Buy to Pay the Bills So yes, for patient investors, some of the best exchange-traded funds to consider may just be value funds. With that in mind, these are some of the best ETFs to consider when looking for exposure to the value factor. JPMorgan U.S. Value Factor ETF (JVAL)Expense Ratio: 0.12%, or $12 annually per $10,000 investedThe JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) turns two years old in November and targets the JP Morgan US Value Factor Index. The index "is comprised of US securities selected from the Russell 1000 Index and uses a rules-based risk allocation and factor selection process developed in conjunction with J.P. Morgan Asset Management," according to FTSE Russell.JVAL is one of the best ETFs for investors looking for a cost-effective, traditional approach to value stocks. The fund holds 278 stocks, which is in the middle of roster size among the best ETFs in the value space. When speaking of traditional value exposure, that often includes large weights to the financial services and energy sectors. JVAL does allocate 18.7% of its weight to the financial services sector, which could be of benefit to income investors as bank stocks continue to bolstering dividends."Most of the largest U.S. banks subject to the annual Comprehensive Capital Analysis and Review should notch double-digit dividend increases over the next 12 months, according to Keefe, Bruyette & Woods," reports Barron's.Another aspect that makes JVAL one of the best ETFs for investors looking for a value surprise is its 21.2% exposure to technology stocks. Deep Value ETF (DVP)Expense Ratio: 0.59%An oft-overlooked value fund, the Deep Value ETF (NYSEARCA:DPV) is not a small fund as it has nearly $254 million in assets under management and it is one of the best ETFs for investors seeking mid-cap value exposure. DVP is nearly five years old and is a highly concentrated fund that tracks the TWM Deep Value Index."The Index is comprised of 20 undervalued dividend paying stocks within the SP 500 Index with solid balance sheets, earnings and strong free cash flow," according to the issuer. "The companies within the Index are weighted based on a rules-based assessment of their valuations so that stocks that are most attractively valued receive a higher weight." * 7 Stocks Flashing Signs of Strong Insider Buying DVP is also one of the best ETFs looking for a unique approach to value. The fund allocates nearly 60% of its combined weight to consumer cyclical and technology stocks, giving it the feel of a growth ETF, not a value fund. Over the past three years, DVP has outperformed the MSCI USA Large Cap Value Index though the value fund is scuffling this year. Acquirers Fund (ZIG)Expense Ratio: 0.94%The Acquirers Fund (NYSEARCA:ZIG) is one of the newest value funds and a pricey one at that because it is an actively managed long/short strategy. Still, ZIG could prove to be one of the best ETFs in the value arena because of the strict approach its managers take to value investing."ZIG is a 130/30 long/short deep-value strategy that is designed to track, before fees and expenses, the performance of The Acquirer's Index," according to Acquirers Funds. "For both long and short positions, a stock must be listed in the U.S. and have a market cap in the largest 25 percent of all companies by market cap. From that universe of equities, ZIG's rules-based index will hold the 30 most deeply undervalued, fundamentally strong stocks in the 'long' portion of its portfolio, while its short portfolio will consist of the 30 stocks deemed to be most overvalued, and fundamentally weak."ZIG's top 10 holdings include HP Inc(NYSE:HPQ), Allstate (NYSE:ALL), Southwest Airlines (NYSE:LUV) and Principal Financial (NYSE:PFG).For investors looking to go above and beyond the traditional value strategy while exploiting some financially dubious companies, ZIG could be one of the best ETFs to consider.As of this writing, Todd Shriber did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * The 7 Best Dow Jones Stocks to Buy for the Rest of 2019 * 5 Boring Stocks to Buy This Summer * 7 S&P 500 Stocks to Buy With Little Debt and Lots of Profits Compare Brokers The post 3 of the Best ETFs for Investors Betting on a Value Rebound appeared first on InvestorPlace.
We have screened value stocks based on EV/EBITDA ratio that offers a clearer picture of a company's valuation and earnings potential.