Prudential Financial, Inc. (NYSE:PRU) had its price target boosted by investment analysts at Morgan Stanley from $123.00 to $124.00 in a note issued to investors on Thursday. The brokerage presently has an “equal weight” rating on the financial services provider’s stock. Morgan Stanley’s price target would indicate a potential upside of 12.26% from the company’s current price.

A number of other analysts also recently issued reports on PRU. BidaskClub raised shares of Prudential Financial from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Wells Fargo & Company reissued a “hold” rating on shares of Prudential Financial in a report on Thursday, August 3rd. Keefe, Bruyette & Woods reissued a “buy” rating on shares of Prudential Financial in a report on Friday, August 11th. Royal Bank Of Canada reissued a “hold” rating and set a $117.00 price target on shares of Prudential Financial in a report on Wednesday, September 6th. Finally, FBR & Co raised shares of Prudential Financial from a “neutral” rating to a “buy” rating and lowered their price target for the stock from $117.00 to $100.00 in a report on Tuesday, October 10th. Eight research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Prudential Financial currently has an average rating of “Buy” and a consensus price target of $114.64.

Prudential Financial (NYSE:PRU) last announced its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $3.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.71 by $0.30. Prudential Financial had a net margin of 7.15% and a return on equity of 8.98%. The firm had revenue of $13.36 billion for the quarter, compared to the consensus estimate of $12.24 billion. During the same period in the prior year, the firm posted $2.66 earnings per share.

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In other news, insider Nicholas C. Silitch sold 14,897 shares of the company’s stock in a transaction 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 of the company’s stock, valued at approximately $2,340,140. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Stephen Pelletier sold 4,133 shares of the company’s stock in a transaction 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 directly owns 10,924 shares in the company, valued at $1,225,454.32. The disclosure for this sale can be found here. Corporate insiders own 0.66% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Green Square Capital LLC grew its stake in shares of Prudential Financial by 0.3% during the 2nd quarter. Green Square Capital LLC now owns 2,065 shares of the financial services provider’s stock worth $223,000 after purchasing an additional 7 shares during the period. Hudock Capital Group LLC grew its stake 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 worth $123,000 after purchasing an additional 8 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA grew its stake in shares of Prudential Financial by 0.9% during the 2nd quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,018 shares of the financial services provider’s stock worth $218,000 after purchasing an additional 18 shares during the period. Trust Co grew its stake in shares of Prudential Financial by 1.0% during the 1st quarter. Trust Co now owns 2,024 shares of the financial services provider’s stock worth $216,000 after purchasing an additional 20 shares during the period. Finally, Capital Investment Advisors LLC grew its stake in shares of Prudential Financial by 1.6% during the 2nd quarter. Capital Investment Advisors LLC now owns 2,454 shares of the financial services provider’s stock worth $265,000 after purchasing an additional 38 shares during the period. 64.88% of the stock is currently owned by institutional investors and hedge funds.

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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