Prudential Financial Inc. (NYSE:PRU) had its price target cut by equities research analysts at FBR & Co from $100.00 to $86.00 in a note issued to investors on Monday. The brokerage currently has a “mkt perform” rating on the stock. FBR & Co’s price objective would suggest a potential downside of 14.51% from the stock’s current price.

Other analysts have also issued research reports about the company. Bank of America Corp. raised Prudential Financial from an “underperform” rating to a “buy” rating in a research report on Friday, November 18th. Goldman Sachs Group Inc. raised Prudential Financial from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $80.00 to $93.00 in a research report on Friday, September 23rd. Wells Fargo & Co. began coverage on Prudential Financial in a research report on Friday, September 23rd. They set a “market perform” rating on the stock. Finally, Credit Suisse Group AG began coverage on shares of Prudential Financial in a research note on Friday, October 7th. They set a “neutral” rating and a $89.00 target price for the company. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $91.60.

Analyst Recommendations for Prudential Financial (NYSE:PRU)

Shares of Prudential Financial (NYSE:PRU) traded up 1.79% during midday trading on Monday, reaching $102.40. The company’s stock had a trading volume of 2,491,294 shares. Prudential Financial has a one year low of $57.19 and a one year high of $103.50. The stock’s 50 day moving average price is $89.97 and its 200 day moving average price is $79.94. The firm has a market cap of $44.03 billion, a price-to-earnings ratio of 9.65 and a beta of 1.68.

Prudential Financial (NYSE:PRU) last posted its quarterly earnings data on Wednesday, November 2nd. The company reported $2.66 earnings per share 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 8.92%. During the same quarter last year, the company earned $2.40 EPS. Analysts predict that Prudential Financial will post $8.99 earnings per share for the current year.

The company also recently declared 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 2.78%. Prudential Financial’s dividend payout ratio is currently 26.32%.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of PRU. First Heartland Consultants Inc. purchased a new position in Prudential Financial during the third quarter valued at about $202,000. D.A. Davidson & CO. boosted its position in shares of Prudential Financial by 43.4% in the third quarter. D.A. Davidson & CO. now owns 21,221 shares of the company’s stock worth $1,732,000 after buying an additional 6,422 shares during the period. Piedmont Investment Advisors LLC bought a new position in shares of Prudential Financial during the third quarter worth about $13,858,000. Price T Rowe Associates Inc. MD boosted its position in shares of 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 worth $68,094,000 after buying an additional 21,010 shares during the period. Finally, Quantitative Systematic Strategies LLC boosted its position in shares of Prudential Financial by 9.3% in the third quarter. Quantitative Systematic Strategies LLC now owns 12,677 shares of the company’s stock worth $1,016,000 after buying an additional 1,076 shares during the period. 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.

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