Prudential Financial (NYSE:PRU) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Prudential Financial (NYSE:PRU - Get Free Report) had its target price hoisted by equities researchers at JPMorgan Chase & Co. from $126.00 to $136.00 in a report issued on Tuesday,Benzinga reports. The firm presently has a "neutral" rating on the financial services provider's stock. JPMorgan Chase & Co.'s price target would suggest a potential upside of 27.81% from the stock's current price.

PRU has been the subject of a number of other research reports. Wall Street Zen lowered shares of Prudential Financial from a "hold" rating to a "sell" rating in a report on Saturday. Barclays raised their price target on shares of Prudential Financial from $109.00 to $119.00 and gave the company an "equal weight" rating in a report on Monday. UBS Group lowered their target price on shares of Prudential Financial from $122.00 to $110.00 and set a "neutral" rating for the company in a report on Tuesday, May 27th. Wells Fargo & Company lifted their target price on shares of Prudential Financial from $108.00 to $113.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 6th. Finally, Piper Sandler lowered their target price on shares of Prudential Financial from $110.00 to $109.00 and set a "neutral" rating for the company in a report on Friday, May 2nd. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Prudential Financial presently has an average rating of "Hold" and an average target price of $121.92.

Prudential Financial Stock Performance

Shares of PRU traded down $1.17 during trading hours on Tuesday, reaching $106.41. 523,024 shares of the company traded hands, compared to its average volume of 1,658,468. The stock's fifty day moving average is $105.00 and its 200 day moving average is $109.13. The stock has a market cap of $37.67 billion, a P/E ratio of 16.87, a price-to-earnings-growth ratio of 1.02 and a beta of 1.07. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.17 and a current ratio of 0.17. Prudential Financial has a 1-year low of $90.38 and a 1-year high of $130.55.

Prudential Financial (NYSE:PRU - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $3.29 earnings per share for the quarter, topping the consensus estimate of $3.18 by $0.11. The company had revenue of $13.61 billion during the quarter, compared to analyst estimates of $14.76 billion. Prudential Financial had a net margin of 3.84% and a return on equity of 15.84%. The company's revenue was down 38.2% on a year-over-year basis. During the same quarter last year, the business posted $3.12 earnings per share. Equities research analysts anticipate that Prudential Financial will post 14.36 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder Insurance Co Of Ame Prudential purchased 1,675,978 shares of Prudential Financial stock in a transaction on Monday, June 16th. The stock was purchased at an average price of $28.64 per share, with a total value of $48,000,009.92. Following the transaction, 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 position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. 0.25% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of PRU. HBK Sorce Advisory LLC lifted its stake in Prudential Financial by 1.0% in the 4th quarter. HBK Sorce Advisory LLC now owns 9,417 shares of the financial services provider's stock valued at $1,116,000 after purchasing an additional 91 shares during the last quarter. Altman Advisors Inc. lifted its stake in Prudential Financial by 0.6% in the 4th quarter. Altman Advisors Inc. now owns 16,087 shares of the financial services provider's stock valued at $1,907,000 after purchasing an additional 94 shares during the last quarter. Brown Brothers Harriman & Co. lifted its holdings in Prudential Financial by 7.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 1,506 shares of the financial services provider's stock valued at $179,000 after purchasing an additional 98 shares during the last quarter. SPC Financial Inc. boosted its position in Prudential Financial by 2.6% during the first quarter. SPC Financial Inc. now owns 3,973 shares of the financial services provider's stock worth $444,000 after purchasing an additional 100 shares during the period. Finally, NorthCrest Asset Manangement LLC increased its holdings in shares of Prudential Financial by 3.8% in the first quarter. NorthCrest Asset Manangement LLC now owns 2,738 shares of the financial services provider's stock valued at $306,000 after purchasing an additional 101 shares during the last quarter. 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.