Prudential Financial, Inc. (NYSE:PRU) – Stock analysts at Langen Mcalenn lifted their FY2017 earnings per share (EPS) estimates for shares of Prudential Financial in a research note issued to investors on Monday. Langen Mcalenn analyst L. Greenberg now expects that the financial services provider will post earnings per share of $10.20 for the year, up from their prior estimate of $10.15.

Prudential Financial (NYSE:PRU) last issued its earnings results on Wednesday, August 2nd. The financial services provider reported $2.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.70 by ($0.61). Prudential Financial had a return on equity of 8.98% and a net margin of 7.15%. The company had revenue of $13.03 billion during the quarter, compared to analyst estimates of $12.45 billion. During the same period in the previous year, the company posted $1.84 earnings per share.

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Several other research analysts also recently commented on PRU. BidaskClub upgraded shares of Prudential Financial from a “sell” rating to a “hold” rating in a research report on Friday, June 16th. Royal Bank Of Canada restated a “hold” rating and set a $113.00 price objective on shares of Prudential Financial in a research report on Tuesday, June 27th. Wells Fargo & Company restated a “hold” rating on shares of Prudential Financial in a research report on Thursday, August 3rd. Keefe, Bruyette & Woods restated a “buy” rating on shares of Prudential Financial in a research report on Friday, August 11th. Finally, Morgan Stanley boosted their price objective on shares of Prudential Financial from $118.00 to $123.00 and gave the company an “equal weight” rating in a research report on Thursday, October 5th. Eight investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Prudential Financial has an average rating of “Buy” and a consensus price target of $114.30.

Prudential Financial (NYSE:PRU) opened at 110.01 on Thursday. Prudential Financial has a one year low of $82.45 and a one year high of $115.26. The stock has a 50 day moving average price of $104.29 and a 200-day moving average price of $106.64. The firm has a market capitalization of $46.97 billion, a PE ratio of 12.28 and a beta of 1.51.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 14th. Investors of record on Tuesday, August 22nd were paid a $0.75 dividend. The ex-dividend date of this dividend was Friday, August 18th. This represents a $3.00 annualized dividend and a dividend yield of 2.73%. Prudential Financial’s dividend payout ratio is 33.63%.

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

A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. boosted its position in Prudential Financial by 2.9% during the second quarter. BlackRock Inc. now owns 33,155,309 shares of the financial services provider’s stock valued at $3,585,415,000 after acquiring an additional 934,352 shares during the last quarter. Vanguard Group Inc. boosted its position in Prudential Financial by 2.0% during the second quarter. Vanguard Group Inc. now owns 30,885,285 shares of the financial services provider’s stock valued at $3,339,935,000 after acquiring an additional 612,799 shares during the last quarter. Capital Research Global Investors boosted its position in Prudential Financial by 1.2% during the second quarter. Capital Research Global Investors now owns 13,662,673 shares of the financial services provider’s stock valued at $1,477,481,000 after acquiring an additional 162,833 shares during the last quarter. Geode Capital Management LLC boosted its position in Prudential Financial by 9.4% during the first quarter. Geode Capital Management LLC now owns 4,297,520 shares of the financial services provider’s stock valued at $457,822,000 after acquiring an additional 368,321 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its position in Prudential Financial by 11.9% during the second quarter. Ameriprise Financial Inc. now owns 4,157,881 shares of the financial services provider’s stock valued at $449,637,000 after acquiring an additional 442,168 shares during the last quarter. 64.45% of the stock is currently owned by institutional investors and hedge funds.

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.

Earnings History and Estimates for Prudential Financial (NYSE:PRU)

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