Prudential Financial, Inc. (NYSE:PRU) – Langen Mcalenn boosted their Q4 2018 EPS estimates for Prudential Financial in a report released on Wednesday. Langen Mcalenn analyst L. Greenberg now anticipates that the financial services provider will post earnings per share of $2.58 for the quarter, up from their prior forecast of $2.57.
A number of other brokerages also recently issued reports on PRU. BidaskClub upgraded Prudential Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Wells Fargo & Company restated a “hold” rating on shares of Prudential Financial in a research report on Thursday, August 3rd. Zacks Investment Research downgraded Prudential Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, June 14th. Credit Suisse Group reiterated a “hold” rating and set a $121.00 target price on shares of Prudential Financial in a research report on Thursday, April 27th. Finally, ValuEngine upgraded Prudential Financial from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. Nine equities 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. Prudential Financial has a consensus rating of “Buy” and an average price target of $111.21.
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Prudential Financial (PRU) traded up 0.832% during midday trading on Monday, reaching $112.619. 514,750 shares of the company were exchanged. The firm has a market capitalization of $48.43 billion, a PE ratio of 12.330 and a beta of 1.50. The company has a 50-day moving average of $109.66 and a 200 day moving average of $107.87. Prudential Financial has a 52 week low of $73.93 and a 52 week high of $114.55.
Prudential Financial (NYSE:PRU) last posted 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 for the quarter, compared to the consensus estimate of $12.45 billion. During the same quarter in the prior year, the company earned $1.84 earnings per share.
In other Prudential Financial news, Chairman John R. Strangfeld, Jr. sold 201,585 shares of Prudential Financial stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $110.00, for a total value of $22,174,350.00. Following the transaction, the chairman now owns 456,121 shares in the company, valued at $50,173,310. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.66% of the stock is owned by insiders.
Several large investors have recently modified their holdings of the company. Guardian Life Insurance Co. of America raised its stake in shares of Prudential Financial by 0.3% in the first quarter. Guardian Life Insurance Co. of America now owns 1,658 shares of the financial services provider’s stock worth $177,000 after buying an additional 5 shares during the last quarter. Hudock Capital Group LLC raised its stake in shares of Prudential Financial by 0.7% in the second quarter. Hudock Capital Group LLC now owns 1,144 shares of the financial services provider’s stock worth $123,000 after buying an additional 8 shares during the last quarter. Sigma Planning Corp raised its stake in shares of Prudential Financial by 0.3% in the first quarter. Sigma Planning Corp now owns 3,449 shares of the financial services provider’s stock worth $368,000 after buying an additional 10 shares during the last quarter. Farmers & Merchants Trust Co of Chambersburg PA raised its stake in shares of Prudential Financial by 0.9% in the second quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,018 shares of the financial services provider’s stock worth $218,000 after buying an additional 18 shares during the last quarter. Finally, Trust Co raised its stake in shares of Prudential Financial by 1.0% in the first quarter. Trust Co now owns 2,024 shares of the financial services provider’s stock worth $216,000 after buying an additional 20 shares during the last quarter. Institutional investors and hedge funds own 63.51% of the company’s stock.
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.
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