Traders sold shares of Prudential Financial Inc. (NYSE:PRU) on strength during trading hours on Tuesday after FBR & Co lowered their price target on the stock from $100.00 to $86.00. $26.24 million flowed into the stock on the tick-up and $172.61 million flowed out of the stock on the tick-down, for a money net flow of $146.37 million out of the stock. Of all equities tracked, Prudential Financial had the 4th highest net out-flow for the day. Prudential Financial traded up $0.37 for the day and closed at $99.77

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

In other Prudential Financial news, insider Scott Sleyster sold 9,379 shares of the company’s stock in a transaction that occurred on Friday, October 14th. The stock was sold at an average price of $85.06, for a total transaction of $797,777.74. Following the transaction, the insider now owns 34,185 shares in the company, valued at approximately $2,907,776.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Sharon C. Taylor sold 85,490 shares of the company’s stock in a transaction that occurred on Monday, October 10th. The stock was sold at an average price of $84.99, for a total value of $7,265,795.10. Following the transaction, the senior vice president now owns 77,221 shares in the company, valued at approximately $6,563,012.79. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of PRU. Cohen & Steers Inc. purchased a new position in Prudential Financial during the second quarter worth $718,824,000. Capital Research Global Investors bought a new stake in Prudential Financial during the third quarter valued at $425,473,000. The Manufacturers Life Insurance Company bought a new stake in Prudential Financial during the third quarter valued at $101,648,000. Hexavest Inc. bought a new stake in Prudential Financial during the second quarter valued at $54,008,000. Finally, APG Asset Management N.V. increased its stake in Prudential Financial by 51.2% in the third quarter. APG Asset Management N.V. now owns 2,071,032 shares of the company’s stock valued at $169,100,000 after buying an additional 701,526 shares during the last quarter. Hedge funds and other institutional investors own 60.46% of the company’s stock.

The firm has a 50 day moving average of $89.97 and a 200-day moving average of $79.94. The company has a market cap of $42.90 billion, a P/E ratio of 9.41 and a beta of 1.68.

Prudential Financial (NYSE:PRU) last released its quarterly earnings results on Wednesday, November 2nd. The company reported $2.66 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.49 by $0.17. Prudential Financial had a return on equity of 7.73% and a net margin of 8.92%. During the same period last year, the company earned $2.40 earnings per share. Analysts forecast that Prudential Financial Inc. will post $8.99 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Tuesday, November 22nd will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend is Friday, November 18th. Prudential Financial’s payout ratio is currently 26.32%.

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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

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