Prudential Financial (NYSE:PRU - Get Free Report) had its target price boosted by equities research analysts at Wells Fargo & Company from $113.00 to $118.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an "equal weight" rating on the financial services provider's stock. Wells Fargo & Company's price target would suggest a potential upside of 7.81% from the stock's current price.
PRU has been the topic of a number of other research reports. BMO Capital Markets began coverage on Prudential Financial in a report on Thursday, January 23rd. They set an "underperform" rating and a $101.00 target price on the stock. TD Cowen raised their price target on Prudential Financial from $130.00 to $133.00 and gave the stock a "hold" rating in a report on Wednesday, November 27th. Keefe, Bruyette & Woods cut their price target on Prudential Financial from $129.00 to $125.00 and set a "market perform" rating on the stock in a report on Wednesday, February 12th. Evercore ISI upgraded Prudential Financial from an "underperform" rating to an "inline" rating and raised their target price for the company from $117.00 to $140.00 in a research report on Thursday, November 14th. Finally, Barclays raised their target price on Prudential Financial from $128.00 to $134.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $125.69.
Read Our Latest Research Report on PRU
Prudential Financial Trading Down 1.5 %
NYSE:PRU traded down $1.68 on Wednesday, hitting $109.45. 1,575,421 shares of the stock were exchanged, compared to its average volume of 1,730,352. The stock has a market cap of $39.18 billion, a PE ratio of 14.65, a PEG ratio of 0.98 and a beta of 1.31. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.68. The stock has a fifty day moving average of $116.88 and a 200-day moving average of $119.62. Prudential Financial has a fifty-two week low of $104.44 and a fifty-two week high of $130.55.
Prudential Financial (NYSE:PRU - Get Free Report) last posted its 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 net margin of 4.01% and a return on equity of 15.86%. As a group, equities analysts expect that Prudential Financial will post 14.36 earnings per share for the current fiscal year.
Insider Transactions at Prudential Financial
In other Prudential Financial news, major shareholder Insurance Co Of Ame Prudential acquired 537,249 shares of Prudential Financial stock in a transaction that occurred on Monday, November 25th. The shares were bought at an average price of $27.92 per share, with a total value of $14,999,992.08. Following the completion of the purchase, the insider now directly 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 acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.31% of the company's stock.
Institutional Investors Weigh In On Prudential Financial
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Grove Bank & Trust grew 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 acquiring an additional 87 shares during the period. Centricity Wealth Management LLC purchased a new stake in Prudential Financial in the 4th quarter worth approximately $29,000. Ashton Thomas Securities LLC purchased a new stake in Prudential Financial in the 3rd quarter worth approximately $31,000. CGC Financial Services LLC lifted its stake in Prudential Financial by 82.1% in the 4th quarter. CGC Financial Services LLC now owns 275 shares of the financial services provider's stock worth $33,000 after purchasing an additional 124 shares in the last quarter. Finally, Wingate Wealth Advisors Inc. purchased a new stake in Prudential Financial in the 4th quarter worth approximately $33,000. 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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