Prudential Financial (NYSE:PRU) Stock Price Target Lowered at JPMorgan Chase & Co.

Prudential Financial (NYSE:PRU) had its price objective dropped by research analysts at JPMorgan Chase & Co. from $127.00 to $124.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the financial services provider’s stock. JPMorgan Chase & Co.’s price objective suggests a potential upside of 8.01% from the company’s previous close.

Several other equities research analysts also recently commented on the stock. Barclays lowered their target price on shares of Prudential Financial from $96.00 to $94.00 and set an “underweight” rating for the company in a research note on Monday. Wells Fargo & Company dropped their price objective on Prudential Financial from $110.00 to $104.00 and set an “underweight” rating on the stock in a research note on Monday, October 12th. Wall Street Zen downgraded Prudential Financial from a “buy” rating to a “hold” rating in a research note on Monday, September 28th. Morgan Stanley reduced their target price on Prudential Financial from $105.00 to $100.00 and set an “underweight” rating on the stock in a report on Monday. Finally, TD Cowen decreased their target price on Prudential Financial from $114.00 to $112.00 and set a “hold” rating for the company in a research note on Wednesday. One analyst has rated the stock with a Buy rating, ten have issued a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat, Prudential Financial has a consensus rating of “Reduce” and an average target price of $106.92.

Prudential Financial Trading Down 0.0%

Shares of PRU stock traded down $0.02 on Thursday, reaching $114.80. The company had a trading volume of 166,792 shares, compared to its average volume of 2,008,433. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.62. The stock has a market cap of $39.61 billion, a PE ratio of 10.39, a PEG ratio of 1.73 and a beta of 0.85. The company has a 50-day moving average of $117.98 and a 200-day moving average of $111.25. Prudential Financial has a 12 month low of $91.89 and a 12 month high of $127.72.

Prudential Financial (NYSE:PRU) last announced its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $4.08 earnings per share for the quarter, beating analysts’ consensus estimates of $3.52 by $0.56. Prudential Financial had a net margin of 6.51% and a return on equity of 16.68%. The business had revenue of $14.15 billion for the quarter, compared to the consensus estimate of $14.36 billion. During the same period last year, the company posted $3.58 EPS. On average, equities analysts forecast that Prudential Financial will post 14.37 earnings per share for the current year.

Insider Transactions at Prudential Financial

In other news, major shareholder Insurance Co Of Ame Prudential sold 214,746 shares of the company’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $24.75, for a total transaction of $5,314,963.50. Following the completion of the transaction, the insider directly owned 7,973,657 shares of the company’s stock, valued at $197,348,010.75. This represents a 2.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Ann M. Kappler sold 7,652 shares of the company’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $125.01, for a total value of $956,576.52. Following the transaction, the executive vice president directly owned 14,407 shares of the company’s stock, valued at $1,801,019.07. This represents a 34.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.05% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Prudential Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of PRU. Archer Investment Corp bought a new stake in Prudential Financial in the 2nd quarter valued at approximately $26,000. SJS Investment Consulting Inc. grew its stake in shares of Prudential Financial by 93.1% during the 1st quarter. SJS Investment Consulting Inc. now owns 278 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 134 shares in the last quarter. EFG International AG grew its stake in shares of Prudential Financial by 452.2% during the 2nd quarter. EFG International AG now owns 381 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 312 shares in the last quarter. Reyes Financial Architecture Inc. acquired a new stake in shares of Prudential Financial in the third quarter valued at approximately $41,000. Finally, Wellington Shields Capital Management LLC acquired a new stake in shares of Prudential Financial in the second quarter valued at approximately $43,000. Institutional investors and hedge funds own 56.83% of the company’s stock.

Prudential Financial News Roundup

Here are the key news stories impacting Prudential Financial this week:

• Positive Sentiment: Prudential agreed to sell its Brazil and Mexico businesses for approximately $4.03 billion in cash. The transaction supports the company’s effort to streamline its international portfolio, strengthen capital flexibility and potentially return capital to shareholders, although it also reduces exposure to those markets. Prudential Financial Agrees to Sell Operations in Brazil, Mexico for $4.03 Billion Cash
• Positive Sentiment: Prudential is partnering with SoFi to make life-insurance products available within SoFi’s app, which serves roughly 15 million members. The arrangement could expand Prudential’s digital distribution, customer reach and new-business opportunities. SoFi and Prudential Financial team up to expand access to life insurance
• Neutral Sentiment: Prudential Wealth Advisors plans to increase recruiting through a centralized operating model. The move may support longer-term growth in its advice business, but the financial impact is not yet clear. Prudential Wealth Advisors set to ramp up recruiting with new centralized model
• Negative Sentiment: DOWLING & PARTN cut its Prudential EPS forecasts to $13.80 for fiscal 2027 from $14.60 and to $15.30 for fiscal 2028 from $16.15. The reductions signal weaker expected earnings growth and add pressure relative to the current-year consensus estimate of $14.37. Prudential Financial analyst estimates
• Negative Sentiment: TD Cowen lowered its price target to $112 from $114 and maintained a “hold” rating. Barclays and Morgan Stanley also reportedly reduced their expectations, reinforcing cautious analyst sentiment toward PRU. Barclays Has Lowered Expectations for Prudential Financial Stock Price

About Prudential Financial

Prudential Financial, Inc (NYSE: PRU) is a global financial services company that provides insurance, retirement, investment management and related financial products. Founded in Newark, New Jersey, in 1875, the company serves individuals, businesses and institutional investors through a range of businesses and distribution channels.

In the United States, Prudential offers life insurance, annuities, retirement plans and employee benefits, including group life, disability and dental insurance.