Prudential Financial Inc (NYSE:PRU) – Investment analysts at FBR & Co issued their Q1 2017 earnings estimates for shares of Prudential Financial in a note issued to investors on Monday, according to Zacks Investment Research. FBR & Co analyst R. Binner forecasts that the financial services provider will post earnings per share of $2.58 for the quarter.
Prudential Financial (NYSE:PRU) last posted its earnings results on Wednesday, February 8th. The financial services provider reported $2.46 EPS for the quarter, topping analysts’ consensus estimates of $2.32 by $0.14. Prudential Financial had a net margin of 7.63% and a return on equity of 7.96%. The business had revenue of $13.42 billion for the quarter, compared to analysts’ expectations of $12.09 billion. During the same period in the previous year, the company posted $1.94 earnings per share.
PRU has been the topic of a number of other research reports. Barclays PLC reissued a “buy” rating and issued a $129.00 target price on shares of Prudential Financial in a research report on Sunday, February 19th. Deutsche Bank AG lifted their target price on Prudential Financial from $114.00 to $117.00 and gave the company a “buy” rating in a research report on Wednesday. Zacks Investment Research lowered Prudential Financial from a “buy” rating to a “hold” rating in a research report on Thursday, December 29th. JPMorgan Chase & Co. lifted their target price on Prudential Financial from $108.00 to $113.00 and gave the company an “overweight” rating in a research report on Monday, April 3rd. Finally, Atlantic Securities lowered Prudential Financial from an “overweight” rating to a “neutral” rating in a research report on Friday, February 10th. They noted that the move was a valuation call. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Prudential Financial currently has a consensus rating of “Buy” and an average target price of $106.45.
Prudential Financial (NYSE:PRU) traded up 0.3360% on Wednesday, hitting $106.1956. 691,435 shares of the stock were exchanged. The company has a market cap of $45.66 billion, a P/E ratio of 10.9379 and a beta of 1.69. Prudential Financial has a one year low of $66.51 and a one year high of $114.55. The company’s 50 day moving average price is $107.51 and its 200-day moving average price is $101.66.
In other Prudential Financial news, Director Michael Todman bought 450 shares of the firm’s stock in a transaction that occurred on Tuesday, February 21st. The shares were acquired at an average cost of $111.11 per share, with a total value of $49,999.50. Following the acquisition, the director now owns 450 shares of the company’s stock, valued at $49,999.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Barbara Koster sold 33,743 shares of the business’s stock in a transaction that occurred on Thursday, March 2nd. The stock was sold at an average price of $112.87, for a total value of $3,808,572.41. Following the transaction, the insider now directly owns 45,245 shares in the company, valued at $5,106,803.15. The disclosure for this sale can be found here. 1.20% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of PRU. Berkshire Asset Management LLC PA purchased a new stake in Prudential Financial during the third quarter valued at about $201,000. Oakworth Capital Inc. increased its stake in Prudential Financial by 21.8% in the third quarter. Oakworth Capital Inc. now owns 1,297 shares of the financial services provider’s stock valued at $106,000 after buying an additional 232 shares during the period. Strategic Advisors LLC increased its stake in Prudential Financial by 4.7% in the third quarter. Strategic Advisors LLC now owns 13,668 shares of the financial services provider’s stock valued at $1,116,000 after buying an additional 608 shares during the period. IFC Holdings Incorporated FL purchased a new stake in Prudential Financial during the third quarter valued at about $240,000. Finally, Murphy Capital Management Inc. increased its stake in Prudential Financial by 87.4% in the third quarter. Murphy Capital Management Inc. now owns 5,880 shares of the financial services provider’s stock valued at $480,000 after buying an additional 2,742 shares during the period. 60.91% 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.
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