Among 12 analysts covering Prudential Financial Inc (NYSE:PRU), 8 have Buy rating, 0 Sell and 4 Hold.
Other institutional investors and hedge funds have also modified their holdings of the company. UBS upgraded shares of Prudential Financial from a "neutral" rating to a "buy" rating in a report on Friday, March 2nd. Wells Fargo & Company MN now owns 2,023,516 shares of the financial services provider's stock valued at $209,536,000 after purchasing an additional 251,240 shares in the last quarter. Geode Capital Management LLC grew its stake in Prudential Financial by 3.2% in the 4th quarter. Company insiders own 0.61% of the company's stock. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the stock. Pinnacle Wealth Planning Services Inc. acquired a new position in shares of Prudential Financial in the 4th quarter worth approximately $105,000.
Palouse Capital Management Inc. boosted its holdings in Prudential Financial (NYSE:PRU) by 3.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.32. The company presently has an average rating of "Hold" and an average target price of $116.50. LSV Asset Management now owns 3,414,712 shares of the financial services provider's stock worth $353,593,000 after buying an additional 103,660 shares during the last quarter. The firm has a market capitalization of $44,867.04, a price-to-earnings ratio of 9.66, a P/E/G ratio of 1.04 and a beta of 1.52. Sandler O'Neill restated a "buy" rating and set a $134.00 target price on shares of Prudential Financial in a research report on Thursday, January 11th. Credit Suisse Group began coverage on Prudential Financial in a research note on Wednesday, April 25th.
In other news, insider Stephen Pelletier sold 40,729 shares of Prudential Financial stock in a transaction dated Wednesday, February 21st. The Manufacturers Life Insurance Company now owns 1,994,321 shares of the financial services provider's stock valued at $229,307,000 after buying an additional 34,046 shares during the last quarter. Deutsche Bank cut their target price on Prudential Financial from $125.00 to $113.00 and set a "hold" rating for the company in a research note on Friday, May 4th. Schwab Charles Investment Management Inc. raised its stake in shares of Prudential Financial by 76.3% during the 1st quarter. Hedge funds and other institutional investors own 67.82% of the company's stock. Virtue Capital Management LLC acquired a new position in shares of Prudential Financial in the 4th quarter worth approximately $123,000. Cadence Cap Mgmt Ltd has 0.52% invested in Prudential Financial, Inc. (NYSE:PRU). Mason Street Ltd Com stated it has 0.16% of its portfolio in Prudential Financial, Inc. Prudential Financial has a 12-month low of $99.39 and a 12-month high of $101.58. (NYSE:PRU) news was published by Seekingalpha.com which published an article titled: "Prudential Financial (PRU) Q1 2018 Results - Earnings Call Transcript" on May 03, 2018. The financial services provider reported $3.08 earnings per share for the quarter, beating the consensus estimate of $2.98 by $0.10. Prudential Financial had a net margin of 13.57% and a return on equity of 9.25%. The shares were sold at an average price of $108.75, for a total value of $4,429,278.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The business had revenue of $15.25 billion for the quarter, compared to analyst estimates of $12.87 billion. During the same quarter last year, the business posted $2.46 EPS. equities research analysts forecast that Prudential Financial will post 12.07 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 14th. Investors of record on Tuesday, May 22nd will be given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 3.58%. The ex-dividend date of this dividend is Monday, May 21st. Finally, UBS Asset Management Americas Inc. grew its stake in Prudential Financial by 1.7% in the 4th quarter.
Prudential Financial, Inc., through its subsidiaries, provides insurance, investment management, and other financial services and products in the United States and internationally. The stock now has a consensus rating of "Buy" and an average target price of $117.50. It operates through U.S. Individual Solutions, U.S. Workplace Solutions, Investment Management, and International Insurance divisions.