Shares of Prudential Financial, Inc. (NYSE:PRU – Get Free Report) have been given a consensus recommendation of “Hold” by the fourteen ratings firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $125.31.
A number of analysts have weighed in on PRU shares. Jefferies Financial Group increased their target price on shares of Prudential Financial from $149.00 to $152.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Bank of America boosted their target price on shares of Prudential Financial from $109.00 to $118.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. BMO Capital Markets assumed coverage on shares of Prudential Financial in a research note on Thursday, January 23rd. They issued an “underperform” rating and a $101.00 price objective for the company. Barclays raised their price objective on Prudential Financial from $127.00 to $128.00 and gave the company an “equal weight” rating in a research note on Thursday, January 23rd. Finally, Evercore ISI raised shares of Prudential Financial from an “underperform” rating to an “inline” rating and raised their price target for the company from $117.00 to $140.00 in a research report on Thursday, November 14th.
Read Our Latest Stock Analysis on PRU
Prudential Financial Trading Up 1.0 %
PRU opened at $122.44 on Thursday. The company’s 50 day moving average price is $121.07 and its two-hundred day moving average price is $120.65. The firm has a market capitalization of $43.59 billion, a price-to-earnings ratio of 10.88, a PEG ratio of 1.09 and a beta of 1.31. Prudential Financial has a fifty-two week low of $100.60 and a fifty-two week high of $130.55. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.14 and a quick ratio of 0.14.
Prudential Financial (NYSE:PRU – Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $3.48 EPS for the quarter, beating analysts’ consensus estimates of $3.47 by $0.01. Prudential Financial had a return on equity of 15.30% and a net margin of 6.03%. The firm had revenue of $19.48 billion for the quarter, compared to analyst estimates of $14.57 billion. During the same quarter in the previous year, the company posted $3.44 EPS. As a group, research analysts predict that Prudential Financial will post 13.24 earnings per share for the current year.
Prudential Financial Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Tuesday, November 19th were issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 4.25%. The ex-dividend date of this dividend was Tuesday, November 19th. Prudential Financial’s dividend payout ratio (DPR) is presently 46.22%.
Insider Activity at Prudential Financial
In other news, major shareholder Insurance Co Of Ame Prudential bought 537,249 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were acquired at an average price of $27.92 per share, with a total value of $14,999,992.08. Following the acquisition, the insider now owns 4,780,293 shares of the company’s stock, valued at approximately $133,465,780.56. The trade was a 12.66 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 0.31% of the stock is owned by company insiders.
Institutional Investors Weigh In On Prudential Financial
Institutional investors and hedge funds have recently made changes to their positions in the business. Grove Bank & Trust raised its position in shares of Prudential Financial by 65.9% during the 4th quarter. Grove Bank & Trust now owns 219 shares of the financial services provider’s stock valued at $26,000 after buying an additional 87 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in shares of Prudential Financial in the third quarter worth about $31,000. CGC Financial Services LLC increased its stake in shares of Prudential Financial by 82.1% during the fourth quarter. CGC Financial Services LLC now owns 275 shares of the financial services provider’s stock valued at $33,000 after buying an additional 124 shares during the period. Wingate Wealth Advisors Inc. bought a new position in shares of Prudential Financial during the fourth quarter valued at approximately $33,000. Finally, Quarry LP boosted its holdings in Prudential Financial by 376.3% in the third quarter. Quarry LP now owns 281 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 222 shares in the last quarter. Hedge funds and other institutional investors own 56.83% of the company’s stock.
About Prudential Financial
(Get Free Report
Prudential Financial, Inc, together with its subsidiaries, provides insurance, investment management, and other financial products and services in the United States and internationally. It operates through PGIM, Retirement Strategies, Group Insurance, Individual Life, and International Businesses segments.
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