Prudential Financial (NYSE:PRU) – Equities research analysts at B. Riley issued their Q1 2018 earnings per share estimates for Prudential Financial in a research note issued to investors on Monday, April 16th. B. Riley analyst R. Binner forecasts that the financial services provider will earn $2.96 per share for the quarter.
Prudential Financial (NYSE:PRU) last issued its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $2.69 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.64 by $0.05. The company had revenue of $15.25 billion during the quarter, compared to the consensus estimate of $12.87 billion. Prudential Financial had a return on equity of 9.29% and a net margin of 13.41%. During the same period in the previous year, the firm posted $2.46 EPS.
PRU has been the subject of a number of other reports. Zacks Investment Research downgraded Prudential Financial from a “hold” rating to a “sell” rating in a report on Tuesday, March 20th. Keefe, Bruyette & Woods restated a “buy” rating and set a $127.00 price objective on shares of Prudential Financial in a report on Thursday, December 21st. ValuEngine upgraded Prudential Financial from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. UBS upgraded Prudential Financial from a “neutral” rating to a “buy” rating in a report on Friday, March 2nd. Finally, Morgan Stanley dropped their price objective on Prudential Financial from $131.00 to $128.00 and set an “equal weight” rating for the company in a report on Thursday, April 5th. Eight equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $119.00.
PRU stock opened at $105.08 on Tuesday. The firm has a market cap of $44,006.16, a PE ratio of 9.93, a PEG ratio of 1.02 and a beta of 1.52. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.13 and a quick ratio of 0.13. Prudential Financial has a 52 week low of $97.88 and a 52 week high of $127.14.
In related news, insider Stephen Pelletier sold 40,729 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $108.75, for a total value of $4,429,278.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.61% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in PRU. Pinnacle Wealth Planning Services Inc. acquired a new stake in Prudential Financial in the 4th quarter valued at $105,000. Truewealth LLC purchased a new position in Prudential Financial in the 4th quarter valued at about $105,000. We Are One Seven LLC purchased a new position in Prudential Financial in the 4th quarter valued at about $111,000. Virtue Capital Management LLC purchased a new position in Prudential Financial in the 4th quarter valued at about $123,000. Finally, FTB Advisors Inc. boosted its position in Prudential Financial by 232.2% in the 4th quarter. FTB Advisors Inc. now owns 1,073 shares of the financial services provider’s stock valued at $124,000 after buying an additional 750 shares during the last quarter. Hedge funds and other institutional investors own 66.76% of the company’s stock.
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Prudential Financial Company Profile
Prudential Financial, Inc, through its subsidiaries, provides insurance, investment management, and other financial products and services in the United States and internationally. It operates through U.S. Individual Solutions, U.S. Workplace Solutions, Investment Management, and International Insurance divisions.
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