Prudential Financial, Inc. (NYSE:PRU) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.

A number of other equities analysts have also commented on PRU. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $117.00 target price on shares of Prudential Financial in a research report on Tuesday, March 21st. Vetr raised shares of Prudential Financial from a “hold” rating to a “buy” rating and set a $109.90 target price on the stock in a research report on Wednesday, March 22nd. JPMorgan Chase & Co. raised their target price on shares of Prudential Financial from $108.00 to $113.00 and gave the stock an “overweight” rating in a research report on Monday, April 3rd. Zacks Investment Research raised shares of Prudential Financial from a “hold” rating to a “buy” rating and set a $117.00 target price on the stock in a research report on Tuesday, April 18th. Finally, Deutsche Bank AG raised their target price on shares of Prudential Financial from $114.00 to $117.00 and gave the stock a “buy” rating in a research report on Wednesday, April 19th. Ten analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Prudential Financial presently has an average rating of “Buy” and an average price target of $111.21.

Prudential Financial (PRU) traded up 0.63% during mid-day trading on Wednesday, hitting $111.30. The company had a trading volume of 1,451,696 shares. The stock has a market capitalization of $47.75 billion, a PE ratio of 11.29 and a beta of 1.49. Prudential Financial has a 1-year low of $72.25 and a 1-year high of $114.55. The stock has a 50 day moving average price of $107.69 and a 200-day moving average price of $107.35.

Prudential Financial (NYSE:PRU) last issued its earnings results on Wednesday, May 3rd. The financial services provider reported $2.79 EPS for the quarter, topping the Zacks’ consensus estimate of $2.64 by $0.15. The business had revenue of $13.24 billion for the quarter, compared to analyst estimates of $12.75 billion. Prudential Financial had a net margin of 7.78% and a return on equity of 8.52%. During the same period last year, the company posted $2.18 earnings per share. On average, analysts forecast that Prudential Financial will post $10.67 earnings per share for the current year.

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In other Prudential Financial news, insider Charles F. Lowrey sold 222,857 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at $16,359,200.72. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman John R. Strangfeld, Jr. sold 201,585 shares of the firm’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $110.00, for a total transaction of $22,174,350.00. Following the completion of the sale, the chairman now owns 456,121 shares of the company’s stock, valued at $50,173,310. The disclosure for this sale can be found here. 0.66% of the stock is owned by company insiders.

A number of large investors have recently made changes to their positions in PRU. Adirondack Trust Co. increased its stake in shares of Prudential Financial by 7.6% in the first quarter. Adirondack Trust Co. now owns 1,133 shares of the financial services provider’s stock valued at $121,000 after buying an additional 80 shares during the period. Quadrant Capital Group LLC increased its stake in shares of Prudential Financial by 11.1% in the first quarter. Quadrant Capital Group LLC now owns 1,376 shares of the financial services provider’s stock valued at $139,000 after buying an additional 137 shares during the period. First Personal Financial Services increased its stake in shares of Prudential Financial by 3.4% in the first quarter. First Personal Financial Services now owns 1,407 shares of the financial services provider’s stock valued at $150,000 after buying an additional 46 shares during the period. Guardian Life Insurance Co. of America increased its stake 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 valued at $177,000 after buying an additional 5 shares during the period. Finally, Trust Co. of Vermont increased its stake in shares of Prudential Financial by 28.5% in the second quarter. Trust Co. of Vermont now owns 1,711 shares of the financial services provider’s stock valued at $185,000 after buying an additional 380 shares during the period. Institutional investors own 63.17% of the company’s stock.

About Prudential Financial

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.

Analyst Recommendations for Prudential Financial (NYSE:PRU)

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