Prudential Financial, Inc. (NYSE:PRU) – Investment analysts at Langen Mcalenn lifted their FY2017 earnings per share estimates for Prudential Financial in a research report issued 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 released its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $2.09 EPS for the quarter, missing the Zacks’ consensus estimate of $2.70 by ($0.61). Prudential Financial had a net margin of 7.15% and a return on equity of 8.98%. The firm had revenue of $13.03 billion during the quarter, compared to the consensus estimate of $12.45 billion. During the same period in the prior year, the business earned $1.84 EPS.

ILLEGAL ACTIVITY WARNING: This news story was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this news story on another domain, it was copied illegally and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this news story can be read at https://www.thecerbatgem.com/2017/10/14/fy2017-earnings-estimate-for-prudential-financial-inc-issued-by-langen-mcalenn-pru.html.

Several other analysts have also weighed in on PRU. BidaskClub lowered Prudential Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, June 27th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $117.00 price objective on shares of Prudential Financial in a research note on Wednesday, September 6th. Zacks Investment Research raised Prudential Financial from a “hold” rating to a “buy” rating and set a $122.00 price objective on the stock in a research note on Tuesday. Wells Fargo & Company reaffirmed a “hold” rating on shares of Prudential Financial in a research note on Thursday, August 3rd. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating on shares of Prudential Financial in a research note on Friday, August 11th. Eight research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $114.30.

Prudential Financial (NYSE PRU) opened at 109.11 on Thursday. Prudential Financial has a 52-week low of $82.45 and a 52-week high of $115.26. The stock has a 50 day moving average of $104.74 and a 200-day moving average of $106.69. The company has a market cap of $46.59 billion, a price-to-earnings ratio of 12.18 and a beta of 1.51.

The company also recently declared a quarterly dividend, which was paid on Thursday, September 14th. Stockholders of record on Tuesday, August 22nd were paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date of this dividend was Friday, August 18th. Prudential Financial’s payout ratio is 33.63%.

In other news, insider Stephen Pelletier sold 4,133 shares of Prudential Financial stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $112.18, for a total transaction of $463,639.94. Following the sale, the insider now directly 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 the SEC website. Also, insider Nicholas C. Silitch sold 14,897 shares of Prudential Financial stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $110.00, for a total value of $1,638,670.00. Following the sale, the insider now directly owns 21,274 shares in the company, valued at $2,340,140. The disclosure for this sale can be found here. Company insiders own 0.66% of the company’s stock.

Several hedge funds have recently made changes to their positions in PRU. Fieldpoint Private Securities LLC acquired a new stake in shares of Prudential Financial during the second quarter valued at about $103,000. Hudock Capital Group LLC boosted its stake in shares of 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 valued at $123,000 after purchasing an additional 8 shares in the last quarter. Guardian Life Insurance Co. of America boosted its stake in shares of 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 valued at $177,000 after purchasing an additional 5 shares in the last quarter. Accurate Investment Solutions Inc. boosted its stake in shares of 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 valued at $180,000 after purchasing an additional 38 shares in the last quarter. Finally, Advisory Services Network LLC boosted its stake in shares of 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 valued at $184,000 after purchasing an additional 957 shares in the last quarter. 64.45% of the stock is currently owned by hedge funds and other institutional investors.

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)

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.