Prudential Financial (NYSE:PRU) has been assigned a $112.00 price objective by analysts at Citigroup in a research report issued on Thursday, TipRanks reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. Citigroup‘s price objective suggests a potential upside of 15.93% from the company’s previous close.

PRU has been the topic of several other research reports. Zacks Investment Research downgraded Prudential Financial from a “hold” rating to a “sell” rating in a research report on Friday, February 1st. ValuEngine raised Prudential Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, May 1st. UBS Group upped their target price on Prudential Financial from $108.00 to $114.00 and gave the company a “buy” rating in a research report on Tuesday, April 9th. Finally, Deutsche Bank upped their target price on Prudential Financial from $97.00 to $104.00 and gave the company a “hold” rating in a research report on Friday, April 12th. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $111.73.

NYSE PRU traded down $3.04 during trading on Thursday, reaching $96.61. 1,147,685 shares of the company’s stock were exchanged, compared to its average volume of 1,918,658. The company has a market cap of $40.78 billion, a PE ratio of 8.26, a price-to-earnings-growth ratio of 0.87 and a beta of 1.48. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.33. Prudential Financial has a fifty-two week low of $75.61 and a fifty-two week high of $106.64.

Prudential Financial (NYSE:PRU) last announced its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $3.00 earnings per share for the quarter, missing analysts’ consensus estimates of $3.14 by ($0.14). Prudential Financial had a return on equity of 9.87% and a net margin of 6.18%. The business had revenue of $13.65 billion for the quarter, compared to analyst estimates of $13.74 billion. During the same period last year, the firm earned $3.08 EPS. As a group, research analysts anticipate that Prudential Financial will post 12.81 EPS for the current fiscal year.

In related news, insider Nicholas C. Silitch sold 13,000 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $95.25, for a total value of $1,238,250.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.76% of the company’s stock.

Several hedge funds have recently modified their holdings of PRU. Joseph P. Lucia & Associates LLC bought a new stake in shares of Prudential Financial in the first quarter valued at approximately $25,000. Berman Capital Advisors LLC lifted its stake in Prudential Financial by 68.0% during the first quarter. Berman Capital Advisors LLC now owns 346 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 140 shares during the last quarter. Advisory Alpha LLC bought a new stake in Prudential Financial during the first quarter worth $32,000. Old North State Trust LLC lifted its stake in Prudential Financial by 46.5% during the fourth quarter. Old North State Trust LLC now owns 438 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 139 shares during the last quarter. Finally, Semmax Financial Advisors Inc. bought a new stake in Prudential Financial during the fourth quarter worth $35,000. Institutional investors and hedge funds own 62.97% of the company’s stock.

Prudential Financial Company Profile

Prudential Financial, Inc, through its subsidiaries, provides insurance, investment management, and other financial products and services. It operates through PGIM, U.S. Workplace Solutions, U.S. Individual Solutions, and International Insurance divisions. The PGIM division offers an array of asset management and advisory services related to public and private fixed income, public equity and real estate, commercial mortgage origination and servicing, and mutual funds and other retail services to institutional, private, and sub-advisory clients, as well as to insurance company separate accounts, government sponsored entities, and the general account.

Recommended Story: What is the Beige Book?

Analyst Recommendations for Prudential Financial (NYSE:PRU)

Receive News & Ratings for Prudential Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prudential Financial and related companies with MarketBeat.com's FREE daily email newsletter.