Prudential Financial Inc. (NYSE:PRU) had its price target reduced by equities researchers at FBR & Co from $100.00 to $86.00 in a report released on Monday. The firm currently has a “mkt perform” rating on the stock. FBR & Co’s price target would indicate a potential downside of 15.46% from the company’s current price.

PRU has been the subject of a number of other reports. Zacks Investment Research cut Prudential Financial from a “buy” rating to a “hold” rating in a research note on Monday, November 28th. Bank of America Corp. cut Prudential Financial from a “buy” rating to an “underperform” rating and set a $108.00 target price for the company. in a research note on Friday, November 18th. Goldman Sachs Group Inc. raised Prudential Financial from a “neutral” rating to a “buy” rating and boosted their target price for the company from $80.00 to $93.00 in a research note on Friday, September 23rd. Credit Suisse Group AG began coverage on Prudential Financial in a research note on Friday, October 7th. They issued a “neutral” rating and a $89.00 target price for the company. Finally, Wells Fargo & Co. began coverage on Prudential Financial in a research note on Friday, September 23rd. They issued a “market perform” rating for the company. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $91.60.

Analyst Recommendations for Prudential Financial (NYSE:PRU)

Shares of Prudential Financial (NYSE:PRU) traded down 0.72% on Monday, hitting $101.73. The stock had a trading volume of 1,954,567 shares. The stock has a market capitalization of $43.74 billion, a PE ratio of 9.59 and a beta of 1.73. Prudential Financial has a one year low of $57.19 and a one year high of $103.50. The firm’s 50 day moving average is $91.89 and its 200-day moving average is $80.61.

Prudential Financial (NYSE:PRU) last announced its quarterly earnings data on Wednesday, November 2nd. The company reported $2.66 EPS for the quarter, topping analysts’ consensus estimates of $2.49 by $0.17. Prudential Financial had a return on equity of 7.73% and a net margin of 8.45%. During the same quarter in the previous year, the firm earned $2.40 earnings per share. Equities research analysts expect that Prudential Financial will post $9.03 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Tuesday, November 22nd will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, November 18th. This represents a $2.80 annualized dividend and a yield of 2.75%. Prudential Financial’s payout ratio is presently 26.32%.

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In related news, insider Charles F. Lowrey sold 41,644 shares of the company’s stock in a transaction dated Friday, September 9th. The stock was sold at an average price of $80.00, for a total transaction of $3,331,520.00. Following the sale, the insider now owns 98,307 shares in the company, valued at $7,864,560. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Scott Sleyster sold 9,379 shares of the company’s stock in a transaction dated Friday, October 14th. The stock was sold at an average price of $85.06, for a total value of $797,777.74. Following the sale, the insider now owns 34,185 shares in the company, valued at approximately $2,907,776.10. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. First Heartland Consultants Inc. bought a new stake in Prudential Financial during the third quarter valued at about $202,000. D.A. Davidson & CO. raised its stake in Prudential Financial by 43.4% in the third quarter. D.A. Davidson & CO. now owns 21,221 shares of the company’s stock valued at $1,732,000 after buying an additional 6,422 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new stake in Prudential Financial during the third quarter valued at about $13,858,000. Price T Rowe Associates Inc. MD raised its stake in Prudential Financial by 2.6% in the third quarter. Price T Rowe Associates Inc. MD now owns 833,980 shares of the company’s stock valued at $68,094,000 after buying an additional 21,010 shares in the last quarter. Finally, Quantitative Systematic Strategies LLC raised its stake in Prudential Financial by 9.3% in the third quarter. Quantitative Systematic Strategies LLC now owns 12,677 shares of the company’s stock valued at $1,016,000 after buying an additional 1,076 shares in the last quarter. Institutional investors and hedge funds own 60.46% of the company’s stock.

Prudential Financial Company Profile

Prudential Financial, Inc is a financial services company. The Company, through its subsidiaries and affiliates, provides a range of financial products and services, including life insurance, annuities and investment management. The Company’s divisions include U.S. Retirement Solutions and Investment Management Division; U.S.

5 Day Chart for NYSE:PRU

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