Prudential Financial, Inc. (NYSE:PRU - Get Free Report) has been assigned an average recommendation of "Reduce" from the fourteen brokerages that are covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a sell rating and ten have issued a hold rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $101.75.
A number of brokerages recently issued reports on PRU. BMO Capital Markets decreased their price target on shares of Prudential Financial from $91.00 to $87.00 and set an "underperform" rating for the company in a research note on Thursday. UBS Group decreased their price target on shares of Prudential Financial from $105.00 to $98.00 and set a "neutral" rating for the company in a research note on Thursday, April 9th. Morgan Stanley decreased their price target on shares of Prudential Financial from $120.00 to $111.00 and set an "equal weight" rating for the company in a research note on Tuesday, March 3rd. Wall Street Zen downgraded shares of Prudential Financial from a "buy" rating to a "hold" rating in a research report on Saturday, January 10th. Finally, Weiss Ratings downgraded shares of Prudential Financial from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, March 13th.
Read Our Latest Stock Report on PRU
Prudential Financial Stock Down 0.0%
Shares of Prudential Financial stock opened at $94.31 on Friday. Prudential Financial has a 52-week low of $91.89 and a 52-week high of $119.76. The company has a 50 day moving average of $97.53 and a 200 day moving average of $104.71. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $32.80 billion, a P/E ratio of 9.43, a P/E/G ratio of 1.21 and a beta of 0.95.
Prudential Financial (NYSE:PRU - Get Free Report) last issued its quarterly earnings results on Tuesday, February 3rd. The financial services provider reported $3.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.37 by ($0.07). Prudential Financial had a return on equity of 16.32% and a net margin of 6.20%.The firm had revenue of $14.52 billion during the quarter, compared to analysts' expectations of $14.48 billion. During the same quarter in the prior year, the firm earned $2.96 EPS. As a group, research analysts forecast that Prudential Financial will post 13.99 EPS for the current fiscal year.
Prudential Financial Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 12th. Stockholders of record on Tuesday, February 17th were given a dividend of $1.40 per share. The ex-dividend date was Tuesday, February 17th. This represents a $5.60 annualized dividend and a dividend yield of 5.9%. This is a boost from Prudential Financial's previous quarterly dividend of $1.35. Prudential Financial's payout ratio is presently 56.00%.
Key Stories Impacting Prudential Financial
Here are the key news stories impacting Prudential Financial this week:
Insider Transactions at Prudential Financial
In related news, Director Joseph J. Wolk acquired 400 shares of Prudential Financial stock in a transaction dated Wednesday, February 11th. The stock was acquired at an average price of $105.32 per share, for a total transaction of $42,128.00. Following the transaction, the director owned 400 shares of the company's stock, valued at $42,128. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Thomas D. Stoddard acquired 250 shares of Prudential Financial stock in a transaction dated Tuesday, February 17th. The shares were bought at an average price of $102.97 per share, with a total value of $25,742.50. Following the transaction, the director directly owned 250 shares in the company, valued at approximately $25,742.50. The trade was a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders purchased 1,650 shares of company stock worth $168,841. 0.05% of the stock is currently owned by insiders.
Institutional Trading of Prudential Financial
Several institutional investors have recently modified their holdings of the stock. Sunflower Bank N.A. boosted its stake in shares of Prudential Financial by 3.2% during the 4th quarter. Sunflower Bank N.A. now owns 2,911 shares of the financial services provider's stock worth $329,000 after acquiring an additional 91 shares during the period. Wetzel Investment Advisors Inc. boosted its stake in shares of Prudential Financial by 0.9% during the 4th quarter. Wetzel Investment Advisors Inc. now owns 10,022 shares of the financial services provider's stock worth $1,131,000 after acquiring an additional 94 shares during the period. CIBC Private Wealth Group LLC boosted its stake in shares of Prudential Financial by 0.3% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 28,795 shares of the financial services provider's stock worth $2,987,000 after acquiring an additional 97 shares during the period. Transcend Capital Advisors LLC lifted its holdings in Prudential Financial by 2.4% during the 4th quarter. Transcend Capital Advisors LLC now owns 4,175 shares of the financial services provider's stock worth $471,000 after purchasing an additional 98 shares during the last quarter. Finally, Mindset Wealth Management LLC lifted its holdings in Prudential Financial by 2.1% during the 3rd quarter. Mindset Wealth Management LLC now owns 4,781 shares of the financial services provider's stock worth $496,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 56.83% of the company's stock.
Prudential Financial Company Profile
(
Get Free Report)
Prudential Financial, Inc, headquartered in Newark, New Jersey, is a diversified financial services company with roots dating to 1875. The firm provides a range of insurance, retirement and investment products aimed at helping individual and institutional clients manage risk, accumulate and protect wealth, and plan for retirement. Prudential's long history in life insurance and related financial services has positioned it as a major participant in the U.S. insurance market and a provider of services to a broad client base.
Prudential's core business activities include individual life insurance, annuities, retirement solutions and group insurance products for employers.
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