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Stock Market & Financial Investment News

News Breaks
February 28, 2014
05:30 EDTPFGPrincipal Financial upgraded to Outperform from Market Perform at Keefe Bruyette
Keefe Bruyette upgraded Principal Financial citing the recent pullback in shares and expectations for return-on-equity improvement. The firm raised its price target for shares to $56 from $54.
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November 27, 2015
13:22 EDTPFGPrincipal Financial to hold a conference call
President & CEO Houston and EVP & CFO Lillis provide company outlook for 2016 and an update on capital management on a conference call to be held on December 3 at 10 am. Webcast Link
November 24, 2015
11:51 EDTPFGLaw firm says judge approves settlement with Principal Financial
Law firm Bailey & Glasser announced that a U.S. District Judge granted final approval to a settlement negotiated with Principal Financial, which it says had been accused of violating its fiduciary obligations by charging excessive administrative fees to employees investing their retirement plans in Principal funds in violation of the Employee Retirement Income Security Act. The settlement involves a payout of $3M into a settlement fund and an agreement by Principal to redyce such fees going forward by at least $8.1M.

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