Prudential Financial Inc. (NYSE:PRU) shares gapped up prior to trading on Tuesday . The stock had previously closed at $71.20, but opened at $71.81. Prudential Financial shares last traded at $73.53, with a volume of 1,035,967 shares traded.

A number of research analysts have recently issued reports on the stock. Deutsche Bank AG cut their price objective on shares of Prudential Financial from $90.00 to $83.00 and set a “buy” rating on the stock in a research report on Thursday, July 7th. Citigroup Inc. cut their price objective on shares of Prudential Financial from $83.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, July 7th. Evercore ISI assumed coverage on shares of Prudential Financial in a research report on Wednesday, July 6th. They issued a “hold” rating and a $78.00 price objective on the stock. Bank of America Corp. downgraded shares of Prudential Financial from a “neutral” rating to an “underperform” rating in a research report on Wednesday, June 29th. Finally, Zacks Investment Research downgraded shares of Prudential Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, June 21st. Two research analysts have rated the stock with a sell rating, five have given a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $88.47.

The firm has a 50-day moving average price of $73.82 and a 200-day moving average price of $72.85. The company has a market capitalization of $32.48 billion and a P/E ratio of 6.85.

Prudential Financial (NYSE:PRU) last announced its quarterly earnings results on Wednesday, May 4th. The company reported $2.18 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.37 by $0.19. During the same quarter in the prior year, the company earned $2.79 EPS. The business had revenue of $11.93 billion for the quarter, compared to the consensus estimate of $11.19 billion. The firm’s revenue was up 1.0% compared to the same quarter last year. On average, equities analysts predict that Prudential Financial Inc. will post $9.52 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, June 16th. Shareholders of record on Tuesday, May 24th were paid a $0.70 dividend. The ex-dividend date was Friday, May 20th. This represents a $2.80 annualized dividend and a yield of 3.90%.

Other institutional investors have made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Prudential Financial by 3.4% in the fourth quarter. Vanguard Group Inc. now owns 27,101,483 shares of the company’s stock worth $2,206,331,000 after buying an additional 882,148 shares during the period. Morgan Stanley raised its position in shares of Prudential Financial by 3.4% in the fourth quarter. Morgan Stanley now owns 9,270,281 shares of the company’s stock worth $754,693,000 after buying an additional 303,380 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Prudential Financial by 1.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,819,112 shares of the company’s stock worth $229,515,000 after buying an additional 28,394 shares during the period. Atlantic Trust Group LLC raised its position in shares of Prudential Financial by 0.5% in the fourth quarter. Atlantic Trust Group LLC now owns 1,379,063 shares of the company’s stock worth $112,270,000 after buying an additional 7,539 shares during the period. Finally, Mizuho Trust & Banking Co. Ltd. raised its position in shares of Prudential Financial by 0.4% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 715,881 shares of the company’s stock worth $58,824,000 after buying an additional 2,932 shares during the period.

Prudential Financial, Inc is a financial services company. The Company, through its subsidiaries and affiliates, provides a range of financial products and services, including life insurance, annuities and investment management. The Company’s divisions include U.S. Retirement Solutions and Investment Management Division; U.S.

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