Prudential Financial (NYSE:PRU) Given New $117.00 Price Target at Wells Fargo & Company

Prudential Financial (NYSE:PRU - Get Free Report) had its price objective increased by investment analysts at Wells Fargo & Company from $116.00 to $117.00 in a report issued on Tuesday, Benzinga reports. The firm currently has an "equal weight" rating on the financial services provider's stock. Wells Fargo & Company's target price points to a potential downside of 2.65% from the stock's current price.

Several other research firms also recently issued reports on PRU. UBS Group lifted their price objective on Prudential Financial from $112.00 to $119.00 and gave the stock a "neutral" rating in a report on Tuesday, August 13th. TD Cowen initiated coverage on shares of Prudential Financial in a report on Wednesday, October 9th. They set a "hold" rating and a $130.00 price objective for the company. Citigroup increased their price target on shares of Prudential Financial from $104.00 to $120.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 23rd. Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $121.00 price objective on shares of Prudential Financial in a report on Wednesday, August 21st. Finally, Bank of America increased their target price on Prudential Financial from $109.00 to $118.00 and gave the stock a "neutral" rating in a report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $123.85.

Prudential Financial Trading Down 0.4 %

Shares of Prudential Financial stock traded down $0.48 during trading hours on Tuesday, hitting $120.18. The company's stock had a trading volume of 1,787,582 shares, compared to its average volume of 1,484,636. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $42.78 billion, a PE ratio of 10.68, a P/E/G ratio of 0.86 and a beta of 1.29. The business has a fifty day moving average of $121.20 and a 200 day moving average of $118.55. Prudential Financial has a 1-year low of $89.90 and a 1-year high of $128.52.

Prudential Financial (NYSE:PRU - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $3.48 EPS for the quarter, topping analysts' consensus estimates of $3.47 by $0.01. The company had revenue of $19.48 billion for the quarter, compared to analysts' expectations of $14.57 billion. Prudential Financial had a return on equity of 15.30% and a net margin of 6.03%. During the same quarter in the previous year, the firm posted $3.44 earnings per share. As a group, equities analysts forecast that Prudential Financial will post 13.32 EPS for the current year.

Insider Buying and Selling at Prudential Financial

In other news, EVP Ann M. Kappler sold 2,839 shares of the firm's stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $113.43, for a total transaction of $322,027.77. Following the transaction, the executive vice president now directly owns 14,535 shares of the company's stock, valued at approximately $1,648,705.05. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Prudential Financial news, EVP Caroline Feeney sold 1,110 shares of the business's stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $119.97, for a total value of $133,166.70. Following the sale, the executive vice president now directly owns 10,175 shares in the company, valued at approximately $1,220,694.75. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Ann M. Kappler sold 2,839 shares of the firm's stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $113.43, for a total transaction of $322,027.77. Following the transaction, the executive vice president now owns 14,535 shares of the company's stock, valued at approximately $1,648,705.05. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.34% of the stock is owned by company insiders.

Institutional Trading of Prudential Financial

A number of large investors have recently added to or reduced their stakes in the business. Annex Advisory Services LLC lifted its position in shares of Prudential Financial by 3.4% during the 2nd quarter. Annex Advisory Services LLC now owns 2,467 shares of the financial services provider's stock valued at $289,000 after acquiring an additional 81 shares during the last quarter. Raymond James Trust N.A. lifted its holdings in shares of Prudential Financial by 1.1% during the second quarter. Raymond James Trust N.A. now owns 8,117 shares of the financial services provider's stock valued at $951,000 after purchasing an additional 87 shares during the last quarter. Avidian Wealth Enterprises LLC increased its stake in Prudential Financial by 1.2% in the 3rd quarter. Avidian Wealth Enterprises LLC now owns 7,357 shares of the financial services provider's stock worth $891,000 after purchasing an additional 89 shares in the last quarter. Quotient Wealth Partners LLC lifted its stake in Prudential Financial by 3.9% during the second quarter. Quotient Wealth Partners LLC now owns 2,424 shares of the financial services provider's stock valued at $284,000 after buying an additional 92 shares in the last quarter. Finally, Jaffetilchin Investment Partners LLC boosted its holdings in shares of Prudential Financial by 4.6% in the first quarter. Jaffetilchin Investment Partners LLC now owns 2,131 shares of the financial services provider's stock worth $250,000 after buying an additional 94 shares during the period. 56.83% of the stock is currently owned by institutional investors.

About Prudential Financial

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.