Prudential Financial (NYSE:PRU) Price Target Lowered to $120.00 at Keefe, Bruyette & Woods

Prudential Financial (NYSE:PRU - Get Free Report) had its target price cut by research analysts at Keefe, Bruyette & Woods from $125.00 to $120.00 in a report issued on Wednesday,Benzinga reports. The firm presently has a "market perform" rating on the financial services provider's stock. Keefe, Bruyette & Woods' price target indicates a potential upside of 21.58% from the company's previous close.

Several other research analysts also recently commented on PRU. Morgan Stanley decreased their price objective on Prudential Financial from $136.00 to $128.00 and set an "equal weight" rating on the stock in a research note on Friday, February 28th. JPMorgan Chase & Co. cut their price objective on Prudential Financial from $128.00 to $126.00 and set a "neutral" rating for the company in a research report on Wednesday, April 2nd. Wells Fargo & Company upped their price target on shares of Prudential Financial from $113.00 to $118.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 19th. Jefferies Financial Group lifted their target price on Prudential Financial from $149.00 to $152.00 and gave the stock a "buy" rating in a report on Tuesday, December 10th. Finally, Barclays upped their price target on shares of Prudential Financial from $128.00 to $134.00 and gave the company an "equal weight" rating in a report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $122.77.

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Prudential Financial Stock Up 0.2 %

Shares of PRU stock traded up $0.22 during mid-day trading on Wednesday, hitting $98.70. The company's stock had a trading volume of 2,635,405 shares, compared to its average volume of 1,597,128. Prudential Financial has a 52-week low of $90.38 and a 52-week high of $130.55. The business has a 50-day moving average price of $108.98 and a 200 day moving average price of $117.58. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.16 and a current ratio of 0.16. The stock has a market cap of $34.98 billion, a price-to-earnings ratio of 13.21, a PEG ratio of 0.98 and a beta of 1.11.

Prudential Financial (NYSE:PRU - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The financial services provider reported $2.96 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.36 by ($0.40). Prudential Financial had a return on equity of 15.86% and a net margin of 4.01%. Research analysts predict that Prudential Financial will post 14.36 EPS for the current fiscal year.

Insider Activity

In other news, EVP Andrew F. Sullivan sold 6,000 shares of the company's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $105.98, for a total transaction of $635,880.00. Following the transaction, the executive vice president now directly owns 27,072 shares of the company's stock, valued at approximately $2,869,090.56. This represents a 18.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Insurance Co Of Ame Prudential purchased 52,595 shares of the company's stock in a transaction dated Tuesday, March 25th. The shares were acquired at an average price of $28.52 per share, for a total transaction of $1,500,009.40. Following the purchase, the insider now directly owns 139,987 shares of the company's stock, valued at approximately $3,992,429.24. The trade was a 60.18 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.31% of the company's stock.

Institutional Trading of Prudential Financial

Several institutional investors and hedge funds have recently bought and sold shares of PRU. Grove Bank & Trust boosted its holdings in Prudential Financial by 65.9% during the fourth quarter. Grove Bank & Trust now owns 219 shares of the financial services provider's stock worth $26,000 after buying an additional 87 shares in the last quarter. Centricity Wealth Management LLC acquired a new stake in shares of Prudential Financial in the fourth quarter valued at approximately $29,000. CGC Financial Services LLC raised its holdings in shares of Prudential Financial by 82.1% during the 4th quarter. CGC Financial Services LLC now owns 275 shares of the financial services provider's stock worth $33,000 after acquiring an additional 124 shares during the period. Wingate Wealth Advisors Inc. purchased a new stake in shares of Prudential Financial in the 4th quarter valued at approximately $33,000. Finally, Quarry LP increased its stake in Prudential Financial by 376.3% during the third quarter. Quarry LP now owns 281 shares of the financial services provider's stock worth $34,000 after acquiring an additional 222 shares during 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.