Prudential Financial, Inc. (NYSE:PRU)‘s stock had its “buy” rating reissued by equities researchers at Keefe, Bruyette & Woods in a research report issued to clients and investors on Monday. They presently have a $121.00 target price on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 10.63% from the company’s previous close.

A number of other research analysts have also recently weighed in on PRU. BidaskClub cut shares of Prudential Financial from a “hold” rating to a “sell” rating in a report on Tuesday, June 27th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $113.00 price objective on shares of Prudential Financial in a report on Tuesday, June 27th. Wells Fargo & Company reaffirmed a “hold” rating on shares of Prudential Financial in a report on Thursday, August 3rd. Morgan Stanley lifted their price objective on shares of Prudential Financial from $118.00 to $123.00 and gave the company an “equal weight” rating in a report on Thursday, October 5th. Finally, FBR & Co raised shares of Prudential Financial from a “neutral” rating to a “buy” rating and cut their price objective for the company from $117.00 to $100.00 in a report on Tuesday, October 10th. Eight investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $114.61.

Prudential Financial (NYSE:PRU) traded up 0.24% during midday trading on Monday, hitting $109.37. The stock had a trading volume of 1,543,239 shares. The firm has a market capitalization of $46.70 billion, a P/E ratio of 12.22 and a beta of 1.51. The firm has a 50-day moving average of $104.79 and a 200 day moving average of $106.71. Prudential Financial has a 52-week low of $82.45 and a 52-week high of $115.26.

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 Thomson Reuters’ 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 business had revenue of $13.03 billion for the quarter, compared to analysts’ expectations of $12.45 billion. During the same period last year, the business earned $1.84 EPS. On average, equities analysts forecast that Prudential Financial will post $10.14 EPS for the current year.

COPYRIGHT VIOLATION WARNING: “Prudential Financial’s (PRU) Buy Rating Reiterated at Keefe, Bruyette & Woods” was first reported by American Banking News and is the property of of American Banking News. If you are accessing this news story on another domain, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The original version of this news story can be accessed at https://www.americanbankingnews.com/2017/10/16/prudential-financials-pru-buy-rating-reiterated-at-keefe-bruyette-woods.html.

In related news, insider Stephen Pelletier sold 4,133 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $112.18, for a total transaction of $463,639.94. Following the transaction, the insider now directly owns 10,924 shares in the company, valued at $1,225,454.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Nicholas C. Silitch sold 14,897 shares of the business’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $110.00, for a total transaction of $1,638,670.00. Following the transaction, the insider now owns 21,274 shares in the company, valued at $2,340,140. 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 bought and sold shares of PRU. Fieldpoint Private Securities LLC acquired a new position in Prudential Financial during the second quarter worth about $103,000. Hudock Capital Group LLC boosted its position in Prudential Financial by 0.7% during the second quarter. Hudock Capital Group LLC now owns 1,144 shares of the financial services provider’s stock worth $123,000 after acquiring an additional 8 shares during the last quarter. Guardian Life Insurance Co. of America boosted its position in Prudential Financial by 0.3% during 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 acquiring an additional 5 shares during the last quarter. Accurate Investment Solutions Inc. boosted its position in Prudential Financial by 2.3% during the second quarter. Accurate Investment Solutions Inc. now owns 1,664 shares of the financial services provider’s stock worth $180,000 after acquiring an additional 38 shares during the last quarter. Finally, Advisory Services Network LLC boosted its position in Prudential Financial by 128.8% during the second quarter. Advisory Services Network LLC now owns 1,700 shares of the financial services provider’s stock worth $184,000 after acquiring an additional 957 shares during the last quarter. Hedge funds and other institutional investors own 64.41% 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.

Analyst Recommendations for Prudential Financial (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.