Shares of Prudential Financial Inc. (NYSE:PRU) gapped up prior to trading on Tuesday . The stock had previously closed at $75.90, but opened at $76.07. Prudential Financial shares last traded at $76.49, with a volume of 882,933 shares changing hands.

PRU has been the subject of a number of research analyst reports. FBR & Co upped their target price on Prudential Financial from $80.00 to $86.00 and gave the company an “outperform” rating in a research report on Monday, May 16th. Zacks Investment Research cut Prudential Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, June 21st. Citigroup Inc. decreased their target price on Prudential Financial from $83.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, July 7th. Evercore ISI initiated coverage on Prudential Financial in a research report on Wednesday, July 6th. They issued a “hold” rating and a $78.00 target price for the company. Finally, Bank of America Corp. cut Prudential Financial from a “neutral” rating to an “underperform” rating in a research report on Wednesday, June 29th. One analyst has rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. Prudential Financial currently has an average rating of “Buy” and a consensus price target of $88.47.

The stock has a market capitalization of $33.41 billion and a PE ratio of 7.86. The firm’s 50-day moving average is $74.84 and its 200-day moving average is $73.56.

Prudential Financial (NYSE:PRU) last posted its earnings results on Wednesday, August 3rd. The company reported $1.84 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.51 by $0.67. During the same quarter in the prior year, the company earned $2.91 earnings per share. On average, analysts predict that Prudential Financial Inc. will post $8.84 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Tuesday, August 23rd will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.66%. The ex-dividend date of this dividend is Friday, August 19th.

In other news, insider Stephen Pelletier sold 4,470 shares of the company’s stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $76.36, for a total transaction of $341,329.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Robert Falzon sold 33,820 shares of the company’s stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $77.13, for a total value of $2,608,536.60. Following the transaction, the chief financial officer now directly owns 70,264 shares of the company’s stock, valued at $5,419,462.32. The disclosure for this sale can be found here.

Several institutional investors recently bought and sold shares of PRU. Advisors Asset Management Inc. raised its position in Prudential Financial by 14.4% in the fourth quarter. Advisors Asset Management Inc. now owns 14,176 shares of the company’s stock valued at $1,154,000 after buying an additional 1,781 shares during the period. American International Group Inc. raised its position in Prudential Financial by 1.1% in the fourth quarter. American International Group Inc. now owns 206,487 shares of the company’s stock valued at $16,811,000 after buying an additional 2,301 shares during the period. BNP Paribas Arbitrage SA raised its position in Prudential Financial by 266.5% in the fourth quarter. BNP Paribas Arbitrage SA now owns 228,282 shares of the company’s stock valued at $18,584,000 after buying an additional 165,994 shares during the period. Schwab Charles Investment Management Inc. raised its position in Prudential Financial by 9.6% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,248,264 shares of the company’s stock valued at $101,622,000 after buying an additional 108,901 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in Prudential Financial by 1.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,819,112 shares of the company’s stock valued at $229,515,000 after buying an additional 28,394 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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