Prudential Financial (NYSE:PRU – Get Free Report) had its price objective hoisted by stock analysts at Jefferies Financial Group from $105.00 to $110.00 in a research report issued on Friday,Benzinga reports. The firm presently has a “hold” rating on the financial services provider’s stock. Jefferies Financial Group’s target price indicates a potential downside of 4.87% from the company’s previous close.
Other research analysts have also issued research reports about the company. Barclays boosted their price target on Prudential Financial from $90.00 to $92.00 and gave the stock an “underweight” rating in a research report on Tuesday. Bank of America cut their price objective on Prudential Financial from $112.00 to $104.00 and set a “neutral” rating for the company in a report on Tuesday, April 14th. Wells Fargo & Company boosted their target price on shares of Prudential Financial from $100.00 to $103.00 and gave the stock an “underweight” rating in a report on Thursday. Zacks Research raised shares of Prudential Financial from a “strong sell” rating to a “hold” rating in a research report on Friday, June 12th. Finally, Mizuho increased their price target on shares of Prudential Financial from $101.00 to $109.00 and gave the company a “neutral” rating in a research note on Thursday. Eleven investment analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat.com, Prudential Financial currently has an average rating of “Reduce” and a consensus price target of $104.00.
Read Our Latest Stock Analysis on PRU
Prudential Financial Trading Up 0.6%
Prudential Financial (NYSE:PRU – Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The financial services provider reported $3.61 earnings per share for the quarter, beating the consensus estimate of $3.09 by $0.52. Prudential Financial had a return on equity of 16.33% and a net margin of 5.83%.The company had revenue of $15.23 billion during the quarter, compared to analysts’ expectations of $14.10 billion. During the same quarter last year, the company earned $3.29 EPS. On average, equities analysts forecast that Prudential Financial will post 13.81 EPS for the current fiscal year.
Institutional Investors Weigh In On Prudential Financial
Several hedge funds have recently added to or reduced their stakes in PRU. Jessup Wealth Management Inc bought a new position in shares of Prudential Financial in the fourth quarter valued at about $25,000. Garton & Associates Financial Advisors LLC acquired a new position in Prudential Financial in the 4th quarter valued at about $26,000. Salomon & Ludwin LLC increased its stake in shares of Prudential Financial by 98.3% during the fourth quarter. Salomon & Ludwin LLC now owns 230 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 114 shares during the period. Lodestone Wealth Management LLC bought a new position in Prudential Financial during the 4th quarter worth $28,000. Finally, Basepoint Wealth LLC acquired a new stake in Prudential Financial in the 4th quarter worth about $30,000. Institutional investors and hedge funds own 56.83% of the company’s stock.
Prudential Financial News Summary
Here are the key news stories impacting Prudential Financial this week:
- Positive Sentiment: Mizuho raised its price target on Prudential Financial to $109 from $101, signaling improved expectations ahead of earnings. Prudential Financial (NYSE:PRU) Price Target Raised to $109.00 at Mizuho
- Positive Sentiment: Wells Fargo & Company also increased its price target on Prudential Financial to $103 from $100, which can support sentiment even though the firm kept an underweight rating. Wells Fargo & Company Issues Positive Forecast for Prudential Financial (NYSE:PRU) Stock Price
- Neutral Sentiment: Prudential said it will report second-quarter 2026 earnings on August 4 and host a strategy call on August 5, giving investors a clear near-term event to watch. Prudential Financial, Inc. to Announce Second Quarter 2026 Earnings; Schedules Earnings and Strategy Call
- Neutral Sentiment: Analyst sentiment remains cautious overall, with recent coverage pointing to a consensus recommendation of “Reduce,” which may limit how far the stock can run. Prudential Financial, Inc. (NYSE:PRU) Receives Consensus Recommendation of “Reduce” from Analysts
- Negative Sentiment: Even after the target hikes, both Wells Fargo and Mizuho still see the shares trading below current levels, suggesting valuation concerns remain. Prudential Financial analyst target updates
Prudential Financial Company Profile
Prudential Financial, Inc, headquartered in Newark, New Jersey, is a diversified financial services company with roots dating to 1875. The firm provides a range of insurance, retirement and investment products aimed at helping individual and institutional clients manage risk, accumulate and protect wealth, and plan for retirement. Prudential’s long history in life insurance and related financial services has positioned it as a major participant in the U.S. insurance market and a provider of services to a broad client base.
Prudential’s core business activities include individual life insurance, annuities, retirement solutions and group insurance products for employers.
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