Prudential Financial Inc (NYSE:PRU) had its price objective reduced by stock analysts at Credit Suisse Group AG from $121.00 to $120.00 in a research report issued on Tuesday. The firm presently has a “neutral” rating on the financial services provider’s stock. Credit Suisse Group AG’s target price points to a potential upside of 14.12% from the stock’s current price.

Other analysts also recently issued research reports about the stock. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $117.00 target price on shares of Prudential Financial in a report on Tuesday, March 21st. Zacks Investment Research downgraded shares of Prudential Financial from a “buy” rating to a “hold” rating in a report on Friday, February 10th. Citigroup Inc began coverage on shares of Prudential Financial in a report on Thursday, January 26th. They issued a “neutral” rating and a $103.00 target price for the company. Vetr upgraded shares of Prudential Financial from a “hold” rating to a “buy” rating and set a $109.90 target price for the company in a report on Wednesday, March 22nd. Finally, Barclays PLC reiterated a “buy” rating and issued a $129.00 target price on shares of Prudential Financial in a report on Sunday, February 19th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $108.84.

Analyst Recommendations for Prudential Financial (NYSE:PRU)

Prudential Financial (NYSE:PRU) traded down 0.20% on Tuesday, hitting $104.94. The stock had a trading volume of 1,281,384 shares. The stock has a market cap of $45.02 billion, a PE ratio of 10.65 and a beta of 1.69. Prudential Financial has a 12 month low of $66.51 and a 12 month high of $114.55. The firm’s 50 day moving average price is $106.22 and its 200-day moving average price is $105.75.

Prudential Financial (NYSE:PRU) last announced its quarterly earnings results on Wednesday, May 3rd. The financial services provider reported $2.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.64 by $0.15. The business had revenue of $13.24 billion during the quarter, compared to the consensus estimate of $12.75 billion. Prudential Financial had a net margin of 7.63% and a return on equity of 7.96%. During the same quarter last year, the firm earned $2.18 EPS. On average, analysts forecast that Prudential Financial will post $10.66 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Tuesday, May 23rd will be given a $0.75 dividend. The ex-dividend date of this dividend is Friday, May 19th. This represents a $3.00 dividend on an annualized basis and a yield of 2.85%. Prudential Financial’s dividend payout ratio (DPR) is presently 28.90%.

ILLEGAL ACTIVITY WARNING: This news story was originally posted by American Banking News and is owned by of American Banking News. If you are accessing this news story on another website, it was stolen and republished in violation of US and international copyright and trademark legislation. The legal version of this news story can be accessed at https://www.americanbankingnews.com/2017/05/23/prudential-financial-inc-pru-receives-neutral-rating-from-credit-suisse-group-ag.html.

In related news, insider Charles F. Lowrey sold 222,857 shares of the business’s stock in a transaction on Monday, May 8th. The shares were sold at an average price of $108.04, for a total value of $24,077,470.28. Following the completion of the sale, the insider now directly owns 151,418 shares of the company’s stock, valued at $16,359,200.72. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Barbara Koster sold 33,743 shares of the business’s stock in a transaction on Thursday, March 2nd. The shares were sold at an average price of $112.87, for a total transaction of $3,808,572.41. Following the completion of the sale, the insider now directly owns 45,245 shares of the company’s stock, valued at $5,106,803.15. The disclosure for this sale can be found here. 1.20% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Guardian Life Insurance Co. of America raised its position in shares of Prudential Financial by 0.3% in the first quarter. Guardian Life Insurance Co. of America now owns 1,658 shares of the financial services provider’s stock worth $177,000 after buying an additional 5 shares during the period. Sigma Planning Corp raised its position in shares of Prudential Financial by 0.3% in the first quarter. Sigma Planning Corp now owns 3,449 shares of the financial services provider’s stock worth $368,000 after buying an additional 10 shares during the period. Koshinski Asset Management Inc. raised its position in shares of Prudential Financial by 0.4% in the first quarter. Koshinski Asset Management Inc. now owns 5,541 shares of the financial services provider’s stock worth $591,000 after buying an additional 24 shares during the period. Wetherby Asset Management Inc. raised its position in shares of Prudential Financial by 0.4% in the fourth quarter. Wetherby Asset Management Inc. now owns 6,639 shares of the financial services provider’s stock worth $690,000 after buying an additional 26 shares during the period. Finally, Cleararc Capital Inc. raised its position in shares of Prudential Financial by 0.4% in the first quarter. Cleararc Capital Inc. now owns 10,492 shares of the financial services provider’s stock worth $1,119,000 after buying an additional 38 shares during the period. Institutional investors own 60.91% of the company’s stock.

Prudential Financial Company Profile

Prudential Financial, Inc, is a financial services company. The Company, through its subsidiaries, offers a range of financial products and services, which includes life insurance, annuities, retirement-related services, mutual funds and investment management. The Company’s operations consists of four divisions, which together encompass seven segments.

12 Month 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.