Prudential Financial’s (PRU) Buy Rating Reiterated at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reiterated their buy rating on shares of Prudential Financial, Inc. (NYSE:PRU) in a research report report published on Monday. The firm currently has a $121.00 target price on the financial services provider’s stock.

Other research analysts have also issued research reports about the stock. Royal Bank Of Canada restated a hold rating and issued a $117.00 price target on shares of Prudential Financial in a research report on Wednesday, September 6th. BidaskClub lowered shares of Prudential Financial from a buy rating to a hold rating in a research report on Wednesday, July 19th. Morgan Stanley lifted their price target on shares of Prudential Financial from $118.00 to $123.00 and gave the stock an equal weight rating in a research report on Thursday, October 5th. FBR & Co upgraded shares of Prudential Financial from a neutral rating to a buy rating and decreased their price target for the stock from $117.00 to $100.00 in a research report on Tuesday, October 10th. Finally, Zacks Investment Research upgraded shares of Prudential Financial from a hold rating to a buy rating and set a $122.00 price target on the stock in a research report on Tuesday, October 10th. Eight analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of Buy and an average price target of $114.56.

Shares of Prudential Financial (NYSE:PRU) traded down 0.05% during midday trading on Monday, reaching $108.84. The company’s stock had a trading volume of 173,132 shares. The stock’s 50 day moving average is $105.31 and its 200 day moving average is $106.76. Prudential Financial has a 12 month low of $82.45 and a 12 month high of $115.26. The stock has a market capitalization of $46.47 billion, a PE ratio of 12.15 and a beta of 1.51.

Prudential Financial (NYSE:PRU) last announced its earnings results on Wednesday, August 2nd. The financial services provider reported $2.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.70 by ($0.61). Prudential Financial had a return on equity of 8.98% and a net margin of 7.15%. The firm had revenue of $13.03 billion for the quarter, compared to the consensus estimate of $12.45 billion. During the same period in the previous year, the firm earned $1.84 EPS. On average, analysts forecast that Prudential Financial will post $10.14 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Prudential Financial’s (PRU) Buy Rating Reiterated at Keefe, Bruyette & Woods” was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this story on another domain, it was stolen and reposted in violation of US & international copyright and trademark law. The legal version of this story can be read at https://ledgergazette.com/2017/10/19/prudential-financials-pru-buy-rating-reiterated-at-keefe-bruyette-woods.html.

In other Prudential Financial news, insider Nicholas C. Silitch sold 14,897 shares of Prudential Financial stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $110.00, for a total transaction of $1,638,670.00. Following the transaction, the insider now directly owns 21,274 shares in the company, valued at approximately $2,340,140. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Stephen Pelletier sold 4,133 shares of Prudential Financial stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $112.18, for a total transaction of $463,639.94. Following the transaction, the insider now owns 10,924 shares in the company, valued at $1,225,454.32. The disclosure for this sale can be found here. Insiders own 0.66% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Fieldpoint Private Securities LLC purchased a new position in Prudential Financial during the 2nd quarter worth approximately $103,000. Hudock Capital Group LLC grew its holdings in shares of Prudential Financial by 0.7% during the 2nd quarter. Hudock Capital Group LLC now owns 1,144 shares of the financial services provider’s stock valued at $123,000 after acquiring an additional 8 shares in the last quarter. Guardian Life Insurance Co. of America grew its holdings in shares of Prudential Financial by 0.3% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,658 shares of the financial services provider’s stock valued at $177,000 after acquiring an additional 5 shares in the last quarter. Accurate Investment Solutions Inc. grew its holdings in shares of Prudential Financial by 2.3% during the 2nd quarter. Accurate Investment Solutions Inc. now owns 1,664 shares of the financial services provider’s stock valued at $180,000 after acquiring an additional 38 shares in the last quarter. Finally, Advisory Service

Other research analysts have also issued research reports about the stock. Royal Bank Of Canada restated a hold rating and issued a $117.00 price target on shares of Prudential Financial in a research report on Wednesday, September 6th. BidaskClub lowered shares of Prudential Financial from a buy rating to a hold rating in a research report on Wednesday, July 19th. Morgan Stanley lifted their price target on shares of Prudential Financial from $118.00 to $123.00 and gave the stock an equal weight rating in a research report on Thursday, October 5th. FBR & Co upgraded shares of Prudential Financial from a neutral rating to a buy rating and decreased their price target for the stock from $117.00 to $100.00 in a research report on Tuesday, October 10th. Finally, Zacks Investment Research upgraded shares of Prudential Financial from a hold rating to a buy rating and set a $122.00 price target on the stock in a research report on Tuesday, October 10th. Eight analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of Buy and an average price target of $114.56.

Shares of Prudential Financial (NYSE:PRU) traded down 0.05% during midday trading on Monday, reaching $108.84. The company’s stock had a trading volume of 173,132 shares. The stock’s 50 day moving average is $105.31 and its 200 day moving average is $106.76. Prudential Financial has a 12 month low of $82.45 and a 12 month high of $115.26. The stock has a market capitalization of $46.47 billion, a PE ratio of 12.15 and a beta of 1.51.

Prudential Financial (NYSE:PRU) last announced its earnings results on Wednesday, August 2nd. The financial services provider reported $2.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.70 by ($0.61). Prudential Financial had a return on equity of 8.98% and a net margin of 7.15%. The firm had revenue of $13.03 billion for the quarter, compared to the consensus estimate of $12.45 billion. During the same period in the previous year, the firm earned $1.84 EPS. On average, analysts forecast that Prudential Financial will post $10.14 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Prudential Financial’s (PRU) Buy Rating Reiterated at Keefe, Bruyette & Woods” was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this story on another domain, it was stolen and reposted in violation of US & international copyright and trademark law. The legal version of this story can be read at https://ledgergazette.com/2017/10/19/prudential-financials-pru-buy-rating-reiterated-at-keefe-bruyette-woods.html.

In other Prudential Financial news, insider Nicholas C. Silitch sold 14,897 shares of Prudential Financial stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $110.00, for a total transaction of $1,638,670.00. Following the transaction, the insider now directly owns 21,274 shares in the company, valued at approximately $2,340,140. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Stephen Pelletier sold 4,133 shares of Prudential Financial stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $112.18, for a total transaction of $463,639.94. Following the transaction, the insider now owns 10,924 shares in the company, valued at $1,225,454.32. The disclosure for this sale can be found here. Insiders own 0.66% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Fieldpoint Private Securities LLC purchased a new position in Prudential Financial during the 2nd quarter worth approximately $103,000. Hudock Capital Group LLC grew its holdings in shares of Prudential Financial by 0.7% during the 2nd quarter. Hudock Capital Group LLC now owns 1,144 shares of the financial services provider’s stock valued at $123,000 after acquiring an additional 8 shares in the last quarter. Guardian Life Insurance Co. of America grew its holdings in shares of Prudential Financial by 0.3% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,658 shares of the financial services provider’s stock valued at $177,000 after acquiring an additional 5 shares in the last quarter. Accurate Investment Solutions Inc. grew its holdings in shares of Prudential Financial by 2.3% during the 2nd quarter. Accurate Investment Solutions Inc. now owns 1,664 shares of the financial services provider’s stock valued at $180,000 after acquiring an additional 38 shares in the last quarter. Finally, Advisory Services Network LLC grew its holdings in shares of Prudential Financial by 128.8% during the 2nd quarter. Advisory Services Network LLC now owns 1,700 shares of the financial services provider’s stock valued at $184,000 after acquiring an additional 957 shares in the last quarter. Hedge funds and other institutional investors own 64.41% of the company’s stock.

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.

Analyst Recommendations for Prudential Financial (NYSE:PRU)

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