Shares of Prudential Financial, Inc. (NYSE:PRU) have received a consensus recommendation of “Buy” from the eighteen analysts that are covering the stock, Marketbeat reports. Eight analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $115.07.
A number of research firms have commented on PRU. Goldman Sachs Group, Inc. (The) assumed coverage on shares of Prudential Financial in a research report on Wednesday, October 18th. They issued a “neutral” rating and a $114.00 target price on the stock. Citigroup Inc. raised shares of Prudential Financial from a “neutral” rating to a “buy” rating and set a $103.00 price target on the stock in a research report on Tuesday, October 17th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $121.00 price target on shares of Prudential Financial in a research report on Monday, October 16th. Zacks Investment Research raised shares of Prudential Financial from a “hold” rating to a “buy” rating and set a $122.00 price target on the stock in a research report on Tuesday, October 10th. Finally, FBR & Co raised shares of Prudential Financial from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $117.00 to $100.00 in a research report on Tuesday, October 10th.
Prudential Financial (NYSE PRU) traded up 0.12% during midday trading on Friday, hitting $112.02. 1,091,432 shares of the stock traded hands. The firm has a market cap of $47.83 billion, a PE ratio of 12.51 and a beta of 1.51. The stock has a 50-day moving average of $107.14 and a 200 day moving average of $107.01. Prudential Financial has a 52-week low of $83.09 and a 52-week high of $115.26.
Prudential Financial (NYSE:PRU) last posted its earnings results on Wednesday, August 2nd. The financial services provider reported $2.09 EPS for the quarter, missing the Zacks’ consensus estimate of $2.70 by ($0.61). Prudential Financial had a net margin of 7.15% and a return on equity of 8.98%. The company had revenue of $13.03 billion during the quarter, compared to analyst estimates of $12.45 billion. During the same period in the previous year, the company earned $1.84 EPS. Equities analysts forecast that Prudential Financial will post $10.13 EPS for the current year.
In related news, insider Stephen Pelletier sold 4,133 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $112.18, for a total transaction of $463,639.94. Following the completion of the sale, the insider now directly owns 10,924 shares of the company’s stock, valued at $1,225,454.32. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Nicholas C. Silitch sold 14,897 shares of the stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $110.00, for a total value of $1,638,670.00. Following the sale, the insider now directly owns 21,274 shares of the company’s stock, valued at $2,340,140. The disclosure for this sale can be found here. Company insiders own 0.66% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Fieldpoint Private Securities LLC acquired a new stake in Prudential Financial in the second quarter valued at $103,000. Hudock Capital Group LLC lifted its holdings in Prudential Financial by 0.7% in the second quarter. Hudock Capital Group LLC now owns 1,144 shares of the financial services provider’s stock valued at $123,000 after acquiring an additional 8 shares during the period. Guardian Life Insurance Co. of America lifted its holdings in Prudential Financial by 0.3% in the first quarter. Guardian Life Insurance Co. of America now owns 1,658 shares of the financial services provider’s stock valued at $177,000 after acquiring an additional 5 shares during the period. Accurate Investment Solutions Inc. lifted its holdings in Prudential Financial by 2.3% in the second quarter. Accurate Investment Solutions Inc. now owns 1,664 shares of the financial services provider’s stock valued at $180,000 after acquiring an additional 38 shares during the period. Finally, Advisory Services Network LLC lifted its holdings in Prudential Financial by 128.8% in the second quarter. Advisory Services Network LLC now owns 1,700 shares of the financial services provider’s stock valued at $184,000 after acquiring an additional 957 shares during the period. 64.39% of the stock is owned by hedge funds and other institutional investors.
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About Prudential Financial
Prudential Financial, Inc, is a financial services company. The Company, through its subsidiaries, offers a range of financial products and services, which includes life insurance, annuities, retirement-related services, mutual funds and investment management. The Company’s operations consists of four divisions, which together encompass seven segments.
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