Prudential Financial (NYSE:PRU – Get Rating) had its price target reduced by Credit Suisse Group to $102.00 in a report issued on Thursday, Stock Target Advisor reports.
PRU has been the subject of several other reports. Wells Fargo & Company boosted their price objective on shares of Prudential Financial from $95.00 to $101.00 and gave the company an equal weight rating in a research report on Thursday, August 4th. Piper Sandler lowered their price objective on shares of Prudential Financial from $110.00 to $100.00 and set a neutral rating for the company in a research report on Friday, July 8th. JPMorgan Chase & Co. boosted their price objective on shares of Prudential Financial from $120.00 to $122.00 in a research report on Monday, July 11th. Morgan Stanley boosted their price objective on shares of Prudential Financial from $103.00 to $108.00 and gave the company an equal weight rating in a research report on Wednesday, August 17th. Finally, The Goldman Sachs Group lowered their price target on shares of Prudential Financial from $116.00 to $99.00 and set a neutral rating for the company in a report on Monday, June 6th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Prudential Financial has a consensus rating of Hold and a consensus target price of $104.15.
Get Prudential Financial alerts:Prudential Financial Stock Down 2.3 %
NYSE PRU opened at $86.30 on Thursday. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.68. Prudential Financial has a 1-year low of $85.46 and a 1-year high of $124.22. The company has a 50 day moving average of $96.83 and a 200-day moving average of $102.68. The company has a market cap of $32.10 billion, a price-to-earnings ratio of 15.98, a PEG ratio of 0.98 and a beta of 1.40.
Prudential Financial (NYSE:PRU – Get Rating) last released its quarterly earnings results on Tuesday, August 2nd. The financial services provider reported $1.74 earnings per share for the quarter, missing analysts' consensus estimates of $2.62 by ($0.88). Prudential Financial had a net margin of 3.52% and a return on equity of 9.25%. The business had revenue of $13.77 billion during the quarter, compared to analyst estimates of $12.56 billion. On average, equities research analysts expect that Prudential Financial will post 10.03 earnings per share for the current fiscal year.Prudential Financial Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Tuesday, August 23rd were paid a $1.20 dividend. The ex-dividend date was Monday, August 22nd. This represents a $4.80 annualized dividend and a dividend yield of 5.56%. Prudential Financial's dividend payout ratio is 88.89%.
Institutional Trading of Prudential Financial
Institutional investors have recently modified their holdings of the business. Nvwm LLC bought a new stake in shares of Prudential Financial in the first quarter worth $26,000. Rather & Kittrell Inc. bought a new stake in Prudential Financial during the fourth quarter valued at $27,000. Jones Financial Companies Lllp bought a new stake in Prudential Financial during the first quarter valued at $30,000. Total Clarity Wealth Management Inc. bought a new stake in Prudential Financial during the second quarter valued at $25,000. Finally, Wagner Wealth Management LLC bought a new stake in Prudential Financial during the second quarter valued at $26,000. Institutional investors own 57.74% of the company's stock.
About Prudential Financial
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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 eight segments: PGIM, Retirement, Group Insurance, Individual Annuities, Individual Life, Assurance IQ, International Businesses, and Closed Block.
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