Prudential Financial, Inc. (NYSE:PRU) Receives $125.69 Consensus PT from Brokerages

Prudential Financial, Inc. (NYSE:PRU) has been given an average rating of “Hold” by the thirteen analysts that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $126.15.

PRU has been the subject of several research reports. Evercore ISI upgraded shares of Prudential Financial from an “underperform” rating to an “inline” rating and raised their price objective for the stock from $117.00 to $140.00 in a research report on Thursday, November 14th. Piper Sandler decreased their target price on shares of Prudential Financial from $127.00 to $124.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Wells Fargo & Company boosted their price target on Prudential Financial from $113.00 to $118.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 19th. Keefe, Bruyette & Woods cut their target price on shares of Prudential Financial from $129.00 to $125.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 12th. Finally, TD Cowen boosted their price target on Prudential Financial from $130.00 to $133.00 and gave the stock a “hold” rating in a report on Wednesday, November 27th.

Prudential Financial Stock Up 2.1 %

Shares of NYSE PRU opened at $115.07 on Monday. The stock has a market cap of $41.20 billion, a P/E ratio of 15.40, a P/E/G ratio of 0.98 and a beta of 1.31. Prudential Financial has a 52-week low of $104.44 and a 52-week high of $130.55. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.16 and a current ratio of 0.16. The firm has a 50 day moving average price of $116.35 and a 200 day moving average price of $119.77.

Prudential Financial (NYSE:PRU) last posted its quarterly earnings data on Tuesday, February 4th. The financial services provider reported $2.96 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.36 by ($0.40). Prudential Financial had a return on equity of 15.86% and a net margin of 4.01%. Analysts expect that Prudential Financial will post 14.36 EPS for the current year.

Prudential Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Tuesday, February 18th will be given a dividend of $1.35 per share. The ex-dividend date is Tuesday, February 18th. This is a positive change from Prudential Financial’s previous quarterly dividend of $1.30. This represents a $5.40 annualized dividend and a dividend yield of 4.69%. Prudential Financial’s payout ratio is currently 72.29%.

Institutional Trading of Prudential Financial

A number of hedge funds have recently modified their holdings of PRU. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Prudential Financial in the fourth quarter worth about $25,796,000. REAP Financial Group LLC increased its position in Prudential Financial by 70.6% during the 4th quarter. REAP Financial Group LLC now owns 394 shares of the financial services provider’s stock valued at $47,000 after buying an additional 163 shares in the last quarter. LifeWealth Investments LLC bought a new stake in Prudential Financial in the fourth quarter worth $275,000. Armis Advisers LLC purchased a new position in shares of Prudential Financial in the 4th quarter worth about $223,000. Finally, Shufro Rose & Co. LLC boosted its stake in Prudential Financial by 16.1% in the 4th quarter. Shufro Rose & Co. LLC now owns 3,563 shares of the financial services provider’s stock worth $422,000 after purchasing an additional 494 shares in the last quarter. Institutional investors own 56.83% of the company’s stock.

Prudential Financial Company Profile

Prudential Financial, Inc, together with its subsidiaries, provides insurance, investment management, and other financial products and services in the United States and internationally. It operates through PGIM, Retirement Strategies, Group Insurance, Individual Life, and International Businesses segments.