Economy

Prudential Financial, Inc. (NYSE:PRU) Upgraded by BidaskClub to "Buy"

Prudential Financial, Inc. (NYSE:PRU) Upgraded by BidaskClub to

Argent Trust has 0.06% invested in Prudential Financial Inc (NYSE:PRU) for 2,004 shares.

These firms have also modified their investment in PRU.

Several other analysts also recently commented on the stock. (NYSE:PRU) shares were down -3.53% to reach $106.06. Accurate Investment Solutions has an ownership of 1,664 stocks of the financial services provider's shares valued $180,000 after scooping up an extra 38 shares through out the quarter. investment firms and many large funds has an ownership of 63.51% of the firms stock. Westpac Banking Corp boosted its stake in shares of Prudential Financial by 103.7% in the first quarter. Sigma Planning Corp now owns 3,449 shares of the financial services provider's stock worth $368,000 after buying an additional 10 shares during the last quarter.

Prudential Financial (NYSE:PRU) last announced its earnings results on Wednesday, August 2nd. For the outlook of the current financial quarter, Analysts think the firm will post 2.71 earnings per share. Ameriprise Financial Inc. boosted its stake in shares of Prudential Financial by 11.9% in the second quarter. Guardian Life Insurance of America has an ownership of 1,658 stocks of the financial services provider's shares valued $177,000 after scooping up an extra 5 shares through out the quarter. Insiders own 0.66% of the company's stock.

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Shares of Prudential plc (LON PRU) traded down 2.38% during midday trading on Friday, hitting GBX 1782.50. About 1.13 million shares traded. The stock's 50 day SMA is $110.35 and its 200 day SMA is $108.11. The stock's market capitalization is GBX 45.70 billion. DnB Asset Management AS's holdings in Prudential Financial were worth $10,116,000 at the end of the most recent reporting period. Next quarter's EPS is forecasted at $2.53 and the next full year EPS is anticipated to be $11.18. Adirondack Trust boosted its stake in Prudential Financial by 7.6% in the Q1. The business had revenue of $13.03 billion during the quarter, compared to analysts' expectations of $12.45 billion. During the same period in the previous year, the firm earned $1.84 earnings per share. As of the last earnings report the EPS was $9.13 and is projected to be $10.22 for the current year with 430,000,000 shares now outstanding. Investors of record on Tuesday, August 22nd will be given a $0.75 dividend. On Thursday, March 2 the insider Koster Barbara sold $3.81 million. The rating was maintained by Bernstein on Friday, August 7 with "Outperform". Prudential Financial's dividend payout ratio is 33.63%. National Asset Mgmt Inc, New York-based fund reported 6,383 shares.

COPYRIGHT VIOLATION WARNING: This news story was originally reported by Week Herald and is owned by of Week Herald. If you are accessing this news story on another publication, it was illegally copied and reposted in violation of U.S. and worldwide trademark and copyright law. The original version of this story can be accessed at https://www.chaffeybreeze.com/2017/08/12/prudential-plc-pru-price-target-increased-to-gbx-1977-by-analysts-at-macquarie.html. PRU's SI was 4.79 million shares in August as released by FINRA. Zacks Investment Research raised Prudential Financial from a "hold" rating to a "buy" rating and set a $117.00 price target on the stock in a research report on Tuesday, April 18th. S&P Global set a GBX 1,900 ($24.74) target price on shares of Prudential plc and gave the stock a neutral rating in a report on Thursday. ValuEngine upgraded shares of Prudential Financial from a "buy" rating to a "strong-buy" rating in a report on Friday, June 2nd. Finally, Royal Bank Of Canada restated a sector performer rating and set a GBX 1,600 ($20.84) target price on shares of Prudential plc in a research report on Thursday, April 27th. Wells Fargo & Company reiterated a "hold" rating on shares of Prudential Financial in a report on Tuesday, June 6th. The company now has a consensus rating of "Buy" and a consensus price target of $111.21. The shares were acquired at an average price of GBX 1,802 ($23.47) per share, for a total transaction of £18,020 ($23,466.60). The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

06/29/2016 - Prudential Financial, Inc. was downgraded to "underperform" by analysts at Bank of America Merrill Lynch. The shares were sold at an average price of $112.18, for a total transaction of $463,639.94. Following the completion of the transaction, the chairman now directly owns 456,121 shares of the company's stock, valued at $50,173,310. The disclosure for this sale can be found here. In the past three months the stock value plunged -1.60%. Prudential Financial Inc (NYSE:PRU) has risen 33.66% since August 11, 2016 and is uptrending. The Company offers a range of retail financial products and services and asset management services throughout these territories.


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