Prudential Financial (NYSE:PRU) Downgraded by Wall Street Zen to Sell

Prudential Financial (NYSE:PRU - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report issued on Saturday.

PRU has been the subject of several other research reports. Morgan Stanley increased their price target on shares of Prudential Financial from $108.00 to $117.00 and gave the company an "equal weight" rating in a research report on Monday, May 19th. Piper Sandler dropped their target price on shares of Prudential Financial from $110.00 to $109.00 and set a "neutral" rating for the company in a research report on Friday, May 2nd. Barclays dropped their target price on shares of Prudential Financial from $134.00 to $106.00 and set an "equal weight" rating for the company in a research report on Friday, April 11th. UBS Group dropped their target price on shares of Prudential Financial from $122.00 to $110.00 and set a "neutral" rating for the company in a research report on Tuesday, May 27th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Prudential Financial from $128.00 to $126.00 and set a "neutral" rating for the company in a research report on Wednesday, April 2nd. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Prudential Financial currently has an average rating of "Hold" and an average target price of $120.15.

Prudential Financial Trading Up 0.9%

Shares of PRU opened at $109.60 on Friday. The stock has a market capitalization of $38.80 billion, a P/E ratio of 17.37, a PEG ratio of 1.04 and a beta of 1.07. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.65. The firm has a fifty day simple moving average of $104.87 and a two-hundred day simple moving average of $109.30. Prudential Financial has a twelve month low of $90.38 and a twelve month high of $130.55.

Prudential Financial (NYSE:PRU - Get Free Report) last announced its quarterly 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. The business had revenue of $13.61 billion during the quarter, compared to analysts' expectations of $14.76 billion. Prudential Financial had a net margin of 3.84% and a return on equity of 15.84%. The firm's revenue for the quarter was down 38.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.12 EPS. On average, research analysts anticipate that Prudential Financial will post 14.36 EPS for the current year.

Insider Activity

In other Prudential Financial news, major shareholder Insurance Co Of Ame Prudential purchased 1,675,978 shares of the firm's stock in a transaction that occurred on Monday, June 16th. The stock was bought at an average cost of $28.64 per share, for a total transaction of $48,000,009.92. Following the purchase, the insider directly owned 3,168,461 shares in the company, valued at $90,744,723.04. The trade was a 112.29% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.25% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Meeder Asset Management Inc. increased its stake in Prudential Financial by 90.2% during the 1st quarter. Meeder Asset Management Inc. now owns 234 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 111 shares in the last quarter. Cheviot Value Management LLC bought a new stake in Prudential Financial during the 1st quarter valued at about $26,000. North Capital Inc. bought a new stake in Prudential Financial during the 1st quarter valued at about $28,000. AlphaQuest LLC increased its stake in Prudential Financial by 12,250.0% during the 1st quarter. AlphaQuest LLC now owns 247 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 245 shares in the last quarter. Finally, Opal Wealth Advisors LLC bought a new stake in Prudential Financial during the 1st quarter valued at about $30,000. 56.83% of the stock is currently owned by institutional investors.

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.

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