Shares of Prudential Financial, Inc. (NYSE:PRU) have earned a consensus rating of “Buy” from the sixteen ratings firms that are presently covering the company, Marketbeat.com reports. Nine investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $112.59.

PRU has been the topic of several recent research reports. Royal Bank Of Canada reaffirmed a “hold” rating and set a $117.00 price objective on shares of Prudential Financial in a research note on Wednesday, September 6th. BidaskClub downgraded Prudential Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Wells Fargo & Company reissued a “hold” rating on shares of Prudential Financial in a research note on Thursday, August 3rd. Finally, Keefe, Bruyette & Woods reissued a “buy” rating on shares of Prudential Financial in a research note on Friday, August 11th.

In related news, insider Nicholas C. Silitch sold 14,897 shares of the business’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $110.00, for a total value of $1,638,670.00. Following the sale, the insider now owns 21,274 shares of the company’s stock, valued at $2,340,140. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Stephen Pelletier sold 4,133 shares of the business’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $112.18, for a total transaction of $463,639.94. Following the completion of the sale, the insider now directly owns 10,924 shares in the company, valued at approximately $1,225,454.32. The disclosure for this sale can be found here. 0.66% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of PRU. Hillsdale Investment Management Inc. boosted its position in shares of Prudential Financial by 20.7% during the 1st quarter. Hillsdale Investment Management Inc. now owns 3,260 shares of the financial services provider’s stock worth $348,000 after purchasing an additional 560 shares in the last quarter. Northwestern Mutual Investment Management Company LLC boosted its position in shares of Prudential Financial by 76.0% during the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 86,921 shares of the financial services provider’s stock worth $9,273,000 after purchasing an additional 37,545 shares in the last quarter. Tiedemann Wealth Management LLC bought a new position in shares of Prudential Financial during the 1st quarter worth about $674,000. First National Trust Co. boosted its position in shares of Prudential Financial by 8.5% during the 1st quarter. First National Trust Co. now owns 35,696 shares of the financial services provider’s stock worth $3,808,000 after purchasing an additional 2,811 shares in the last quarter. Finally, Bahl & Gaynor Inc. boosted its position in shares of Prudential Financial by 2.2% during the 1st quarter. Bahl & Gaynor Inc. now owns 4,005 shares of the financial services provider’s stock worth $427,000 after purchasing an additional 86 shares in the last quarter. 64.45% of the stock is currently owned by institutional investors and hedge funds.

Shares of Prudential Financial (NYSE PRU) traded up 0.01% during mid-day trading on Wednesday, reaching $107.85. 1,116,950 shares of the company traded hands. The company’s 50 day moving average is $103.24 and its 200 day moving average is $106.51. Prudential Financial has a 52-week low of $82.45 and a 52-week high of $115.26. The stock has a market capitalization of $46.05 billion, a price-to-earnings ratio of 12.04 and a beta of 1.51.

Prudential Financial (NYSE:PRU) last announced its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $2.09 EPS for the quarter, missing the Zacks’ consensus estimate of $2.70 by ($0.61). The firm had revenue of $13.03 billion during the quarter, compared to the consensus estimate of $12.45 billion. Prudential Financial had a net margin of 7.15% and a return on equity of 8.98%. During the same quarter in the previous year, the business posted $1.84 earnings per share. On average, equities analysts forecast that Prudential Financial will post $10.14 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 14th. Investors of record on Tuesday, August 22nd were paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 2.78%. The ex-dividend date of this dividend was Friday, August 18th. Prudential Financial’s dividend payout ratio (DPR) is currently 33.63%.

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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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