Keefe, Bruyette & Woods reissued their buy rating on shares of Prudential Financial Inc (NYSE:PRU) in a research note published on Tuesday. The brokerage currently has a $117.00 price target on the financial services provider’s stock.

Other equities research analysts have also issued research reports about the company. Zacks Investment Research lowered Prudential Financial from a buy rating to a hold rating in a research report on Tuesday, December 6th. Bank of America Corp raised Prudential Financial from an underperform rating to a buy rating in a research note on Wednesday, December 7th. FBR & Co reaffirmed a market perform rating and set a $100.00 target price (up from $86.00) on shares of Prudential Financial in a research note on Tuesday, November 29th. Morgan Stanley downgraded Prudential Financial from an overweight rating to an equal weight rating and upped their target price for the stock from $109.00 to $110.00 in a research note on Wednesday, December 14th. They noted that the move was a valuation call. Finally, Citigroup Inc started coverage on Prudential Financial in a research note on Thursday, January 26th. They set a neutral rating and a $103.00 target price for the company. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Prudential Financial has an average rating of Buy and a consensus price target of $106.45.

Shares of Prudential Financial (NYSE:PRU) opened at 105.65 on Tuesday. Prudential Financial has a 52 week low of $66.51 and a 52 week high of $114.55. The stock has a 50 day moving average of $107.34 and a 200-day moving average of $101.84. The stock has a market cap of $45.43 billion, a PE ratio of 10.88 and a beta of 1.69.

Prudential Financial (NYSE:PRU) last announced its earnings results on Wednesday, February 8th. The financial services provider reported $2.46 EPS for the quarter, topping the Zacks’ consensus estimate of $2.32 by $0.14. The business earned $13.42 billion during the quarter, compared to the consensus estimate of $12.09 billion. Prudential Financial had a net margin of 7.63% and a return on equity of 7.96%. During the same period in the previous year, the company posted $1.94 earnings per share. Equities research analysts predict that Prudential Financial will post $10.49 earnings per share for the current fiscal year.

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In other Prudential Financial news, EVP Timothy P. Harris sold 6,087 shares of the stock in a transaction dated Friday, February 17th. The stock was sold at an average price of $110.75, for a total value of $674,135.25. Following the sale, the executive vice president now owns 26,022 shares of the company’s stock, valued at approximately $2,881,936.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Barbara Koster sold 33,743 shares of the stock in a transaction dated Thursday, March 2nd. The shares were sold at an average price of $112.87, for a total value of $3,808,572.41. Following the completion of the sale, the insider now directly owns 45,245 shares in the company, valued at approximately $5,106,803.15. The disclosure for this sale can be found here. 1.20% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State Street Corp increased its position in shares of Prudential Financial by 10.8% in the fourth quarter. State Street Corp now owns 20,235,854 shares of the financial services provider’s stock valued at $2,105,741,000 after buying an additional 1,966,517 shares during the last quarter. Norges Bank acquired a new position in shares of Prudential Financial during the fourth quarter valued at $1,835,418,000. Capital Research Global Investors acquired a new position in shares of Prudential Financial during the third quarter valued at $425,473,000. BlackRock Fund Advisors increased its position in shares of Prudential Financial by 4.7% in the third quarter. BlackRock Fund Advisors now owns 5,168,580 shares of the financial services provider’s stock valued at $422,015,000 after buying an additional 234,348 shares during the last quarter. Finally, APG Asset Management N.V. increased its position in shares of Prudential Financial by 51.2% in the third quarter. APG Asset Management N.V. now owns 2,071,032 shares of the financial services provider’s stock valued at $169,100,000 after buying an additional 701,526 shares during the last quarter. 60.91% of the stock is currently owned by institutional investors.

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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