Prudential Financial Inc. (NYSE:PRU) had its price objective lowered by investment analysts at FBR & Co from $100.00 to $86.00 in a research note issued to investors on Monday. The brokerage presently has a “mkt perform” rating on the stock. FBR & Co’s target price suggests a potential downside of 16.07% from the stock’s current price.

A number of other research analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Prudential Financial from a “buy” rating to a “hold” rating in a research note on Monday. Bank of America Corp. lowered shares of Prudential Financial from a “buy” rating to an “underperform” rating and set a $108.00 price target on the stock. in a research report on Friday, November 18th. Credit Suisse Group AG assumed coverage on shares of Prudential Financial in a research report on Friday, October 7th. They set a “neutral” rating and a $89.00 price target on the stock. Wells Fargo & Co. assumed coverage on shares of Prudential Financial in a research report on Friday, September 23rd. They set a “market perform” rating on the stock. Finally, Goldman Sachs Group Inc. raised shares of Prudential Financial from a “neutral” rating to a “buy” rating and raised their price target for the company from $80.00 to $93.00 in a research report on Friday, September 23rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $91.60.

Analyst Recommendations for Prudential Financial (NYSE:PRU)

Shares of Prudential Financial (NYSE:PRU) traded down 0.74% on Monday, hitting $101.71. 1,557,904 shares of the company’s stock were exchanged. Prudential Financial has a 12 month low of $57.19 and a 12 month high of $103.50. The firm has a market cap of $43.74 billion, a P/E ratio of 9.59 and a beta of 1.73. The stock’s 50 day moving average is $91.37 and its 200 day moving average is $80.42.

Prudential Financial (NYSE:PRU) last released its quarterly earnings data on Wednesday, November 2nd. The company reported $2.66 earnings per share for the quarter, beating analysts’ consensus estimates of $2.49 by $0.17. Prudential Financial had a net margin of 8.92% and a return on equity of 7.73%. During the same period last year, the business earned $2.40 EPS. On average, equities analysts predict that Prudential Financial will post $9.03 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Tuesday, November 22nd will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, November 18th. This represents a $2.80 annualized dividend and a yield of 2.73%. Prudential Financial’s payout ratio is presently 26.32%.

COPYRIGHT VIOLATION WARNING: “Prudential Financial Inc. (PRU) Given New $86.00 Price Target at FBR & Co” was originally published by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are reading this piece of content on another website, it was illegally stolen and republished in violation of United States and international copyright and trademark legislation. The correct version of this piece of content can be read at https://www.thecerbatgem.com/2016/11/28/fbr-co-increases-prudential-financial-inc-pru-price-target-to-100-00.html.

In other Prudential Financial news, CFO Robert Falzon sold 9,781 shares of Prudential Financial stock in a transaction that occurred on Wednesday, October 5th. The shares were sold at an average price of $85.00, for a total transaction of $831,385.00. Following the completion of the sale, the chief financial officer now directly owns 46,550 shares in the company, valued at $3,956,750. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Charles F. Lowrey sold 41,644 shares of Prudential Financial stock in a transaction that occurred on Friday, September 9th. The shares were sold at an average price of $80.00, for a total transaction of $3,331,520.00. Following the sale, the insider now owns 98,307 shares of the company’s stock, valued at $7,864,560. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

A number of large investors have recently made changes to their positions in the stock. Americafirst Capital Management LLC acquired a new stake in shares of Prudential Financial during the second quarter worth $100,000. Oakworth Capital Inc. raised its stake in shares of Prudential Financial by 21.8% in the third quarter. Oakworth Capital Inc. now owns 1,297 shares of the company’s stock worth $106,000 after buying an additional 232 shares during the last quarter. Bessemer Group Inc. raised its stake in shares of Prudential Financial by 6.7% in the second quarter. Bessemer Group Inc. now owns 1,516 shares of the company’s stock worth $108,000 after buying an additional 95 shares during the last quarter. Gierl Augustine Investment Management Inc raised its stake in shares of Prudential Financial by 14.4% in the second quarter. Gierl Augustine Investment Management Inc now owns 1,632 shares of the company’s stock worth $116,000 after buying an additional 206 shares during the last quarter. Finally, Global X Management Co. LLC raised its stake in shares of Prudential Financial by 272.3% in the third quarter. Global X Management Co. LLC now owns 1,489 shares of the company’s stock worth $122,000 after buying an additional 1,089 shares during the last quarter. Institutional investors and hedge funds own 60.46% of the company’s stock.

Prudential Financial Company Profile

Prudential Financial, Inc is a financial services company. The Company, through its subsidiaries and affiliates, provides a range of financial products and services, including life insurance, annuities and investment management. The Company’s divisions include U.S. Retirement Solutions and Investment Management Division; U.S.

5 Day Chart for NYSE:PRU

Receive News & Stock 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 stocks with our FREE daily email newsletter.