Analysts Conflictied on These Financial Names: Carlyle Group (NASDAQ: CG), Glacier Bancorp (NASDAQ: GBCI) and Principal Financial (NYSE: PFG)

By Austin Angelo

Analysts have been eager to weigh in on the Financial sector with new ratings on Carlyle Group (NASDAQ: CG), Glacier Bancorp (NASDAQ: GBCI) and Principal Financial (NYSE: PFG).

Carlyle Group (NASDAQ: CG)

Credit Suisse analyst Robert Reynolds reiterated a Buy rating on Carlyle Group (NASDAQ: CG) yesterday and set a price target of $10.25. The company’s shares opened today at $15.85.

According to TipRanks.com, Reynolds is a 3-star analyst with an average return of 11.0% and a 80.0% success rate. Reynolds covers the Basic Materials sector, focusing on stocks such as Alamos Gold, Inc., Newmont Mining, and Barrick Gold.

Carlyle Group has an analyst consensus of Moderate Buy, with a price target consensus of $22.

Glacier Bancorp (NASDAQ: GBCI)

In a report released yesterday, Jeff Rulis from D.A. Davidson reiterated a Hold rating on Glacier Bancorp (NASDAQ: GBCI). The company’s shares opened today at $33.39, close to its 52-week high of $33.74.

According to TipRanks.com, Rulis is a 4-star analyst with an average return of 13.5% and a 87.5% success rate. Rulis covers the Financial sector, focusing on stocks such as Enterprise Financial Services Corp., First Interstate Bancsystem, and Midwestone Financial Group.

Glacier Bancorp has an analyst consensus of Hold.

Principal Financial (NYSE: PFG)

In a report released yesterday, Jay Gelb from Barclays reiterated a Hold rating on Principal Financial (NYSE: PFG), with a price target of $57. The company’s shares opened today at $57.65, close to its 52-week high of $58.85.

Gelb observed:

“We expect a smooth CEO and CFO transition. PFG is currently valued at 12x our ’17E EPS of $4.70, which is a premium to the median life insurer (10x) and below an average of 15x for pure-play asset managers BEN and TROW.”

According to TipRanks.com, Gelb is a 5-star analyst with an average return of 9.2% and a 73.7% success rate. Gelb covers the Financial sector, focusing on stocks such as American International Group, Marsh & Mclennan Companies, and Arthur J. Gallagher & Co.

Principal Financial has an analyst consensus of Moderate Buy, with a price target consensus of $55.