Evercore Has Lowered Expectations for Prudential Financial (NYSE:PRU) Stock Price

Prudential Financial (NYSE:PRUGet Free Report) had its target price decreased by stock analysts at Evercore from $122.00 to $110.00 in a report released on Thursday,Benzinga reports. The firm presently has an “in-line” rating on the financial services provider’s stock. Evercore’s price target points to a potential upside of 6.92% from the stock’s current price.

A number of other equities analysts have also weighed in on the company. JPMorgan Chase & Co. decreased their target price on Prudential Financial from $133.00 to $127.00 and set a “neutral” rating on the stock in a research note on Wednesday. Keefe, Bruyette & Woods boosted their price objective on Prudential Financial from $117.00 to $118.00 and gave the stock a “market perform” rating in a report on Monday, November 3rd. Wells Fargo & Company raised their target price on shares of Prudential Financial from $113.00 to $115.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 13th. Barclays dropped their target price on shares of Prudential Financial from $120.00 to $117.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 8th. Finally, Wall Street Zen lowered shares of Prudential Financial from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. One equities research analyst has rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $118.44.

Read Our Latest Research Report on Prudential Financial

Prudential Financial Stock Performance

NYSE PRU opened at $102.88 on Thursday. The company’s 50 day simple moving average is $112.44 and its two-hundred day simple moving average is $107.39. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.16 and a quick ratio of 0.16. Prudential Financial has a 1 year low of $90.38 and a 1 year high of $119.76. The stock has a market capitalization of $36.01 billion, a PE ratio of 10.29, a P/E/G ratio of 1.13 and a beta of 0.97.

Prudential Financial (NYSE:PRUGet Free Report) last released its quarterly earnings results on Tuesday, February 3rd. The financial services provider reported $3.30 earnings per share for the quarter, missing the consensus estimate of $3.37 by ($0.07). Prudential Financial had a return on equity of 16.32% and a net margin of 6.20%.The firm had revenue of $14.52 billion during the quarter, compared to the consensus estimate of $14.48 billion. During the same period in the previous year, the company posted $2.96 EPS. Analysts predict that Prudential Financial will post 14.36 earnings per share for the current fiscal year.

Insider Buying and Selling at Prudential Financial

In other Prudential Financial news, EVP Caroline Feeney sold 6,555 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $116.28, for a total value of $762,215.40. Following the completion of the sale, the executive vice president directly owned 22,523 shares of the company’s stock, valued at $2,618,974.44. The trade was a 22.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Charles F. Lowrey sold 48,164 shares of the company’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $107.39, for a total transaction of $5,172,331.96. Following the sale, the chairman owned 165,564 shares of the company’s stock, valued at approximately $17,779,917.96. The trade was a 22.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 62,719 shares of company stock valued at $6,796,067. Insiders own 0.25% of the company’s stock.

Institutional Investors Weigh In On Prudential Financial

Institutional investors have recently bought and sold shares of the stock. Brighton Jones LLC boosted its stake in shares of Prudential Financial by 3.7% during the fourth quarter. Brighton Jones LLC now owns 3,681 shares of the financial services provider’s stock valued at $436,000 after purchasing an additional 133 shares during the period. Empowered Funds LLC raised its holdings in Prudential Financial by 30.5% during the 1st quarter. Empowered Funds LLC now owns 17,690 shares of the financial services provider’s stock valued at $1,976,000 after buying an additional 4,134 shares during the last quarter. Wealthcare Advisory Partners LLC boosted its position in Prudential Financial by 4.8% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 4,546 shares of the financial services provider’s stock valued at $488,000 after buying an additional 207 shares during the period. KLP Kapitalforvaltning AS boosted its position in Prudential Financial by 1.9% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 123,350 shares of the financial services provider’s stock valued at $13,253,000 after buying an additional 2,300 shares during the period. Finally, Shell Asset Management Co. grew its holdings in Prudential Financial by 169.4% in the 2nd quarter. Shell Asset Management Co. now owns 22,156 shares of the financial services provider’s stock worth $2,380,000 after acquiring an additional 13,933 shares during the last quarter. 56.83% of the stock is currently owned by hedge funds and other institutional investors.

Prudential Financial News Roundup

Here are the key news stories impacting Prudential Financial this week:

Prudential Financial Company Profile

(Get Free Report)

Prudential Financial, Inc, headquartered in Newark, New Jersey, is a diversified financial services company with roots dating to 1875. The firm provides a range of insurance, retirement and investment products aimed at helping individual and institutional clients manage risk, accumulate and protect wealth, and plan for retirement. Prudential’s long history in life insurance and related financial services has positioned it as a major participant in the U.S. insurance market and a provider of services to a broad client base.

Prudential’s core business activities include individual life insurance, annuities, retirement solutions and group insurance products for employers.

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Analyst Recommendations for Prudential Financial (NYSE:PRU)

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