Keefe, Bruyette & Woods Cuts Prudential Financial (NYSE:PRU) Price Target to $129.00

Prudential Financial (NYSE:PRU - Get Free Report) had its target price decreased by stock analysts at Keefe, Bruyette & Woods from $135.00 to $129.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a "market perform" rating on the financial services provider's stock. Keefe, Bruyette & Woods' price objective would suggest a potential upside of 8.42% from the stock's previous close.

PRU has been the topic of a number of other reports. Piper Sandler reduced their price target on shares of Prudential Financial from $127.00 to $124.00 and set a "neutral" rating on the stock in a research report on Thursday. TD Cowen lifted their price objective on shares of Prudential Financial from $130.00 to $133.00 and gave the company a "hold" rating in a report on Wednesday, November 27th. Wells Fargo & Company reduced their price objective on shares of Prudential Financial from $117.00 to $115.00 and set an "equal weight" rating for the company in a research note on Tuesday. Jefferies Financial Group boosted their price target on Prudential Financial from $149.00 to $152.00 and gave the stock a "buy" rating in a research report on Tuesday, December 10th. Finally, Bank of America upped 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. Eleven research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $127.25.

Prudential Financial Trading Up 0.5 %

NYSE PRU traded up $0.58 during trading hours on Thursday, hitting $118.98. The company's stock had a trading volume of 1,525,734 shares, compared to its average volume of 1,439,594. The stock has a fifty day moving average of $122.12 and a 200 day moving average of $120.65. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.60. Prudential Financial has a twelve month low of $100.60 and a twelve month high of $130.55. The firm has a market capitalization of $42.36 billion, a P/E ratio of 10.58, a PEG ratio of 0.75 and a beta of 1.31.

Prudential Financial (NYSE:PRU - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $3.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.47 by $0.01. The business had revenue of $19.48 billion for the quarter, compared to analyst estimates of $14.57 billion. Prudential Financial had a return on equity of 15.30% and a net margin of 6.03%. During the same period last year, the company earned $3.44 EPS. Equities research analysts forecast that Prudential Financial will post 13.34 earnings per share for the current fiscal year.

Insider Buying and Selling at Prudential Financial

In related news, major shareholder Insurance Co Of Ame Prudential bought 537,249 shares of Prudential Financial stock in a transaction dated Monday, November 25th. The shares were bought at an average cost 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 in the company, valued at $133,465,780.56. This trade represents a 12.66 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.34% of the company's stock.

Institutional Investors Weigh In On Prudential Financial

A number of large investors have recently bought and sold shares of the company. Donoghue Forlines LLC bought a new stake in shares of Prudential Financial during the 4th quarter worth approximately $1,529,000. Avior Wealth Management LLC raised its position in Prudential Financial by 1.5% during the fourth quarter. Avior Wealth Management LLC now owns 8,250 shares of the financial services provider's stock valued at $978,000 after purchasing an additional 124 shares in the last quarter. Adirondack Trust Co. boosted its holdings in shares of Prudential Financial by 3.6% in the 4th quarter. Adirondack Trust Co. now owns 3,649 shares of the financial services provider's stock valued at $432,000 after purchasing an additional 126 shares in the last quarter. Magnus Financial Group LLC increased its stake in shares of Prudential Financial by 12.4% in the 4th quarter. Magnus Financial Group LLC now owns 2,210 shares of the financial services provider's stock valued at $262,000 after purchasing an additional 244 shares during the last quarter. Finally, MBM Wealth Consultants LLC raised its holdings in shares of Prudential Financial by 6.0% during the 4th quarter. MBM Wealth Consultants LLC now owns 3,066 shares of the financial services provider's stock worth $363,000 after buying an additional 173 shares in the last quarter. 56.83% of the stock is currently owned by institutional investors and hedge funds.

Prudential Financial Company Profile

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.