Prudential Financial, Inc. (NYSE:PRU) Receives $120.15 Average PT from Brokerages

Prudential Financial, Inc. (NYSE:PRU - Get Free Report) has earned a consensus rating of "Hold" from the thirteen ratings firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $120.15.

Several equities research analysts recently commented on the company. Barclays dropped their target price on Prudential Financial from $134.00 to $106.00 and set an "equal weight" rating on the stock in a report on Friday, April 11th. Wells Fargo & Company lifted their price objective on shares of Prudential Financial from $108.00 to $113.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 6th. Wall Street Zen upgraded shares of Prudential Financial from a "sell" rating to a "hold" rating in a research note on Saturday, May 31st. Morgan Stanley raised their price target on shares of Prudential Financial from $108.00 to $117.00 and gave the company an "equal weight" rating in a report on Monday, May 19th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of Prudential Financial from $120.00 to $117.00 and set a "market perform" rating on the stock in a report on Wednesday, May 7th.

Prudential Financial Trading Down 0.2%

NYSE PRU traded down $0.16 during mid-day trading on Wednesday, hitting $103.62. The company's stock had a trading volume of 989,986 shares, compared to its average volume of 1,853,258. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.16 and a quick ratio of 0.16. Prudential Financial has a 52-week low of $90.38 and a 52-week high of $130.55. The stock's fifty day simple moving average is $102.92 and its two-hundred day simple moving average is $112.24. The firm has a market capitalization of $36.68 billion, a P/E ratio of 13.87, a price-to-earnings-growth ratio of 0.98 and a beta of 1.07.

Prudential Financial (NYSE:PRU - Get Free Report) last posted its earnings results on Wednesday, April 30th. The financial services provider reported $3.29 earnings per share for the quarter, beating the consensus estimate of $3.18 by $0.11. Prudential Financial had a net margin of 4.01% and a return on equity of 15.86%. The business had revenue of $13.61 billion for the quarter, compared to analyst estimates of $14.76 billion. During the same quarter in the previous year, the business posted $3.12 EPS. The business's quarterly revenue was down 38.2% on a year-over-year basis. Research analysts expect that Prudential Financial will post 14.36 EPS for the current year.

Prudential Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Tuesday, May 20th will be given a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 5.21%. The ex-dividend date of this dividend is Tuesday, May 20th. Prudential Financial's dividend payout ratio is presently 85.58%.

Insiders Place Their Bets

In related news, EVP Andrew F. Sullivan sold 6,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $105.98, for a total transaction of $635,880.00. Following the completion of the sale, the executive vice president now directly owns 27,072 shares in the company, valued at approximately $2,869,090.56. This trade represents a 18.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Insurance Co Of Ame Prudential acquired 52,595 shares of the company's stock in a transaction on Tuesday, March 25th. The stock was bought at an average price of $28.52 per share, for a total transaction of $1,500,009.40. Following the purchase, the insider now owns 139,987 shares in the company, valued at approximately $3,992,429.24. This trade represents a 60.18% increase in their position. The disclosure for this purchase can be found here. 0.25% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Capital Advisors Inc. OK lifted its holdings in shares of Prudential Financial by 5.1% during the fourth quarter. Capital Advisors Inc. OK now owns 262,238 shares of the financial services provider's stock worth $31,083,000 after buying an additional 12,644 shares during the last quarter. Strategic Financial Concepts LLC acquired a new position in Prudential Financial during the 4th quarter valued at $2,897,000. Roxbury Financial LLC bought a new stake in Prudential Financial in the 4th quarter valued at $1,965,000. Lecap Asset Management Ltd. acquired a new stake in Prudential Financial in the 4th quarter worth $874,000. Finally, Bridgewater Associates LP increased its holdings in shares of Prudential Financial by 41.8% during the 4th quarter. Bridgewater Associates LP now owns 388,349 shares of the financial services provider's stock worth $46,031,000 after purchasing an additional 114,459 shares during the period. Institutional investors own 56.83% of the company's stock.

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.