ValuEngine upgraded shares of Prudential Financial (NYSE:PRU) from a buy rating to a strong-buy rating in a research note published on Tuesday.

Other equities analysts have also issued reports about the company. B. Riley restated a buy rating on shares of Prudential Financial in a report on Monday, November 6th. Keefe, Bruyette & Woods reiterated a buy rating on shares of Prudential Financial in a research note on Friday, August 11th. BidaskClub lowered Prudential Financial from a buy rating to a hold rating in a research note on Saturday, August 12th. Zacks Investment Research upgraded 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, October 10th. Finally, FBR & Co upgraded Prudential Financial from a neutral rating to a buy rating and dropped their price objective for the stock from $117.00 to $100.00 in a research note on Tuesday, October 10th. Eight investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $115.64.

Shares of Prudential Financial (NYSE:PRU) opened at $117.15 on Tuesday. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.34. Prudential Financial has a 1-year low of $97.88 and a 1-year high of $117.99. The stock has a market capitalization of $49,323.92, a price-to-earnings ratio of 11.24, a P/E/G ratio of 1.31 and a beta of 1.55.

Prudential Financial (NYSE:PRU) last posted its earnings results on Wednesday, November 1st. The financial services provider reported $3.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.71 by $0.30. Prudential Financial had a return on equity of 9.51% and a net margin of 7.71%. The company had revenue of $13.36 billion for the quarter, compared to analyst estimates of $12.24 billion. During the same period last year, the company earned $2.66 earnings per share. analysts predict that Prudential Financial will post 10.44 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Monday, November 27th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date of this dividend is Friday, November 24th. Prudential Financial’s dividend payout ratio (DPR) is presently 30.18%.

In other Prudential Financial news, EVP Timothy P. Harris sold 10,527 shares of Prudential Financial stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $115.00, for a total transaction of $1,210,605.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Nicholas C. Silitch sold 44,860 shares of Prudential Financial stock in a transaction that occurred 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 sale, the insider now directly owns 27,927 shares in the company, valued at $3,121,400.79. The disclosure for this sale can be found here. Over the last three months, insiders have sold 100,017 shares of company stock worth $11,219,151. 0.66% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fieldpoint Private Securities LLC acquired a new position in shares of Prudential Financial in the 2nd quarter worth approximately $103,000. Grove Bank & Trust raised its position in Prudential Financial by 507.0% in the 3rd quarter. Grove Bank & Trust now owns 1,129 shares of the financial services provider’s stock worth $120,000 after purchasing an additional 943 shares during the last quarter. Hudock Capital Group LLC raised its position in Prudential Financial by 0.7% in the 2nd quarter. Hudock Capital Group LLC now owns 1,144 shares of the financial services provider’s stock worth $123,000 after purchasing an additional 8 shares during the last quarter. Legacy Advisors LLC bought a new position in Prudential Financial in the 3rd quarter worth approximately $129,000. Finally, Zions Bancorporation raised its position in Prudential Financial by 44.9% in the 3rd quarter. Zions Bancorporation now owns 1,690 shares of the financial services provider’s stock worth $180,000 after purchasing an additional 524 shares during the last quarter. 64.65% of the stock is currently owned by institutional investors.

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About Prudential Financial

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Prudential Financial (NYSE:PRU)

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