Prudential Financial, Inc. (NYSE:PRU) – Stock analysts at B. Riley issued their Q4 2017 EPS estimates for shares of Prudential Financial in a research note issued on Monday. B. Riley analyst R. Binner expects that the financial services provider will earn $2.45 per share for the quarter. B. Riley has a “Buy” rating on the stock.

Prudential Financial (NYSE:PRU) last issued its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $3.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.71 by $0.30. Prudential Financial had a net margin of 7.71% and a return on equity of 9.51%. The company had revenue of $13.36 billion during the quarter, compared to analysts’ expectations of $12.24 billion. During the same quarter last year, the company posted $2.66 EPS.

PRU has been the subject of several other reports. Royal Bank Of Canada reaffirmed a “hold” rating and set a $119.00 price objective on shares of Prudential Financial in a research report on Friday, November 3rd. Morgan Stanley lifted their price objective on shares of Prudential Financial from $123.00 to $124.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 2nd. Goldman Sachs Group started coverage on shares of Prudential Financial in a research report on Wednesday, October 18th. They set a “neutral” rating and a $114.00 price objective for the company. Citigroup raised shares of Prudential Financial from a “neutral” rating to a “buy” rating and set a $103.00 price objective for the company in a research report on Tuesday, October 17th. Finally, Wells Fargo & Company reaffirmed a “hold” rating and set a $120.00 price objective (up from $114.00) on shares of Prudential Financial in a research report on Wednesday, November 8th. Eight research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $115.64.

Shares of Prudential Financial (NYSE PRU) opened at $115.51 on Wednesday. The stock has a market cap of $49,506.24, a price-to-earnings ratio of 11.28, a PEG ratio of 1.32 and a beta of 1.55. Prudential Financial has a 1 year low of $97.88 and a 1 year high of $117.99. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.13 and a current ratio of 0.13.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Monday, November 27th will be given a $0.75 dividend. The ex-dividend date of this dividend is Friday, November 24th. This represents a $3.00 dividend on an annualized basis and a yield of 2.60%. Prudential Financial’s dividend payout ratio (DPR) is presently 30.18%.

In related news, insider Nicholas C. Silitch sold 44,860 shares of the business’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $111.77, for a total value of $5,014,002.20. Following the completion of the sale, the insider now directly owns 27,927 shares of the company’s stock, valued at $3,121,400.79. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Charles F. Lowrey sold 44,630 shares of the business’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $111.91, for a total transaction of $4,994,543.30. Following the completion of the sale, the executive vice president now directly owns 79,354 shares of the company’s stock, valued at $8,880,506.14. The disclosure for this sale can be found here. Over the last three months, insiders sold 100,017 shares of company stock valued at $11,219,151. 0.66% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Sei Investments Co. increased its stake in Prudential Financial by 92.3% in the second quarter. Sei Investments Co. now owns 68,728 shares of the financial services provider’s stock valued at $7,433,000 after purchasing an additional 32,989 shares during the period. IFP Advisors Inc increased its stake in Prudential Financial by 5.1% in the second quarter. IFP Advisors Inc now owns 17,257 shares of the financial services provider’s stock valued at $1,866,000 after purchasing an additional 842 shares during the period. Hussman Strategic Advisors Inc. acquired a new position in Prudential Financial in the second quarter valued at $2,703,000. HL Financial Services LLC increased its stake in Prudential Financial by 0.5% in the second quarter. HL Financial Services LLC now owns 32,832 shares of the financial services provider’s stock valued at $3,550,000 after purchasing an additional 179 shares during the period. Finally, Seaward Management Limited Partnership increased its stake in Prudential Financial by 1.1% in the second quarter. Seaward Management Limited Partnership now owns 42,783 shares of the financial services provider’s stock valued at $4,626,000 after purchasing an additional 483 shares during the period. 64.65% of the stock is owned by hedge funds and other institutional investors.

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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.

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

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