Prudential Financial Inc. (NYSE:PRU) had its price target decreased by analysts at FBR & Co from $100.00 to $86.00 in a report released on Monday. The brokerage currently has a “mkt perform” rating on the stock. FBR & Co’s price objective points to a potential downside of 16.46% from the company’s previous close.

Several other analysts also recently issued reports on PRU. Zacks Investment Research downgraded 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 price target for the company. in a report on Friday, November 18th. Goldman Sachs Group Inc. upgraded Prudential Financial from a “neutral” rating to a “buy” rating and raised their price target for the company from $80.00 to $93.00 in a report on Friday, September 23rd. Credit Suisse Group AG began coverage on Prudential Financial in a report on Friday, October 7th. They set a “neutral” rating and a $89.00 price target for the company. Finally, Wells Fargo & Co. began coverage on Prudential Financial in a report on Friday, September 23rd. They set a “market perform” rating for the company. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $93.27.

Analyst Recommendations for Prudential Financial (NYSE:PRU)

Shares of Prudential Financial (NYSE:PRU) traded up 0.81% on Monday, hitting $102.55. The stock had a trading volume of 1,884,370 shares. The stock has a market capitalization of $44.10 billion, a P/E ratio of 9.67 and a beta of 1.73. Prudential Financial has a 52 week low of $57.19 and a 52 week high of $103.56. The firm has a 50-day moving average price of $91.89 and a 200-day moving average price of $80.61.

Prudential Financial (NYSE:PRU) last announced its earnings results on Wednesday, November 2nd. The company reported $2.66 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period in the previous year, the business earned $2.40 EPS. Equities analysts expect that Prudential Financial will post $9.03 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Tuesday, November 22nd will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend is Friday, November 18th. Prudential Financial’s dividend payout ratio (DPR) is presently 26.29%.

TRADEMARK VIOLATION WARNING: “FBR & Co Lowers Prudential Financial Inc. (PRU) Price Target to $86.00” was originally posted by Financial Market News and is the sole property of of Financial Market News. If you are viewing this article on another website, it was illegally copied and reposted in violation of United States and international copyright & trademark legislation. The original version of this article can be read at http://www.financial-market-news.com/prudential-financial-inc-pru-price-target-cut-to-86-00/1209787/.

In other news, insider Charles F. Lowrey sold 41,644 shares of the business’s stock in a transaction on Friday, September 9th. The stock was sold at an average price of $80.00, for a total value of $3,331,520.00. Following the completion of the transaction, the insider now directly owns 98,307 shares of the company’s stock, valued at approximately $7,864,560. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Sharon C. Taylor sold 85,490 shares of the business’s stock in a transaction on Monday, October 10th. The stock was sold at an average price of $84.99, for a total value of $7,265,795.10. Following the completion of the transaction, the senior vice president now directly owns 77,221 shares of the company’s stock, valued at $6,563,012.79. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PRU. Robeco Institutional Asset Management B.V. raised its position in Prudential Financial by 96.8% in the second quarter. Robeco Institutional Asset Management B.V. now owns 156,322 shares of the company’s stock valued at $11,152,000 after buying an additional 76,873 shares during the last quarter. Artemis Investment Management LLP raised its position in Prudential Financial by 242.9% in the second quarter. Artemis Investment Management LLP now owns 195,800 shares of the company’s stock valued at $13,965,000 after buying an additional 138,700 shares during the last quarter. Douglas Lane & Associates LLC raised its position in Prudential Financial by 11.2% in the second quarter. Douglas Lane & Associates LLC now owns 497,664 shares of the company’s stock valued at $35,503,000 after buying an additional 50,012 shares during the last quarter. Boston Advisors LLC raised its position in Prudential Financial by 1.1% in the second quarter. Boston Advisors LLC now owns 241,447 shares of the company’s stock valued at $17,225,000 after buying an additional 2,571 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Prudential Financial by 20.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 320,604 shares of the company’s stock valued at $22,872,000 after buying an additional 54,266 shares during the last quarter. 60.46% of the stock is owned by hedge funds and other institutional investors.

About Prudential Financial

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

Receive News & Ratings for Prudential Financial Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prudential Financial Inc. and related companies with MarketBeat.com's FREE daily email newsletter.