Raymond James downgraded Prudential from Strong Buy to Mkt Perform
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/9/2024 | $130.00 | Hold | TD Cowen |
| 9/5/2024 | $118.00 | Equal Weight | Barclays |
| 8/12/2024 | $113.00 | Underweight → Equal Weight | Wells Fargo |
| 5/22/2024 | $121.00 → $143.00 | Hold → Buy | Jefferies |
| 2/9/2024 | Strong Buy → Mkt Perform | Raymond James | |
| 1/3/2024 | $119.00 → $118.00 | Overweight → Neutral | JP Morgan |
| 10/5/2023 | $99.00 | Hold | Deutsche Bank |
| 9/14/2023 | $70.00 → $93.00 | Underperform → Hold | Jefferies |
10-Q - PRUDENTIAL FINANCIAL INC (0001137774) (Filer)
8-K - PRUDENTIAL FINANCIAL INC (0001137774) (Filer)
8-K - PRUDENTIAL FINANCIAL INC (0001137774) (Filer)
Net income attributable to Prudential Financial, Inc. of $448 million or $1.24 per Common share versus net loss of $802 million or $2.23 per share for the year-ago quarter. After-tax adjusted operating income of $1.260 billion or $3.48 per Common share versus $1.332 billion or $3.62 per share for the year-ago quarter. Book value per Common share of $84.47 versus $70.82 per share for the year-ago quarter; adjusted book value per Common share of $98.71 versus $94.19 per share for the year-ago quarter. Parent company highly liquid assets(1) of $4.3 billion, in-line with the year-ago quarter. Assets under management(2) of $1.558 trillion versus $1.361 trillion for the year-ago quarter.
PGIM Multi-Asset Solutions (PMA) has appointed Mao Dong as co-head of Portfolio Management. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241009388611/en/"Our insurance, reinsurance and pension fund clients increasingly require complex multi-asset class portfolio construction and management. Mao's appointment is another important milestone in building PGIM's multi-asset solutions business to meet the needs of those clients." -- Phil Waldeck, CEO, PGIM Multi-Asset Solutions (Photo: Business Wire) Dong joins PGIM from Goldman Sachs Asset Management (GSAM), where he spent over 14 years, most recently as co-head of OCIO Portfolio Ma
Prudential Financial, Inc. (NYSE:PRU) will release its third quarter 2024 earnings on Wednesday, October 30, 2024, after the market closes. The earnings news release, the financial supplement, and related materials will be posted on the company's Investor Relations website at investor.prudential.com. Members of Prudential's senior management will host a conference call on Thursday, October 31, 2024, at 11:00 a.m. ET to discuss with the investment community the company's third quarter results. Conference Call Information The conference call will be broadcast live over the company's Investor Relations website at investor.prudential.com. Please log on 15 minutes early in the event necessary
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4 - PRUDENTIAL FINANCIAL INC (0001137774) (Issuer)
TD Cowen initiated coverage of Prudential with a rating of Hold and set a new price target of $130.00
Barclays initiated coverage of Prudential with a rating of Equal Weight and set a new price target of $118.00
Wells Fargo upgraded Prudential from Underweight to Equal Weight and set a new price target of $113.00
Ratings for Prudential Financial (NYSE:PRU) were provided by 8 analysts in the past three months, showcasing a mix of bullish and bearish perspectives. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 0 5 1 0 Last 30D 0 0 1 0 0 1M Ago 1 0 3 0 0 2M Ago 0 0 0 0 0 3M Ago 1 0 1 1 0 Analysts have recently evaluated Prudential Financial and provided 12-month price targets. The average target is $126.62, accompanied by a high estimate of $143.00 and a low estimate of $116.00. Surpassing the
Citigroup analyst Michael Ward maintains Prudential Financial (NYSE:PRU) with a Neutral and raises the price target from $104 to $120.
Morgan Stanley analyst Nigel Dally maintains Prudential Financial (NYSE:PRU) with a Equal-Weight and raises the price target from $120 to $123.
Advent International ("Advent"), one of the largest and most experienced global private equity investors, today announced the appointment of former Ernst & Young LLP ("EY") Global Chairman and CEO Carmine Di Sibio as an Operating Partner. Di Sibio will play an active role in helping the firm identify, source and execute new deals in the business and financial services space and will work closely with Advent's team and current portfolio of investments. "We are thrilled to welcome Carmine to our growing roster of talented, specialized and hands-on Operating Partners," said Chris Egan, Managing Partner at Advent. "After a distinguished career of nearly four decades at EY, Carmine brings an in
Miami and Rockledge students will receive a $5,000 award and invitations to the 2024 summit for their work addressing the challenges of a changing world. NEWARK, N.J., Feb. 13, 2024 /PRNewswire/ -- William Charouhis, 18, of Miami, and Anjani Sharma, 17, of Rockledge, today were each named a 2024 Prudential Emerging Visionary for their inspiring commitment to improving the lives of others. As two of 25 Prudential Emerging Visionary winners, William and Anjani will each receive a $5,000 award to help take their innovation to the next level. They are also invited on an all-expens
Prudential Financial, Inc. ((PRU) announced today that Mike Estep, head of product for Group Insurance, will succeed Yanela Frias as president of its Group Insurance business following Frias' appointment as Prudential's CFO. The change is effective March 15, 2024. Estep will report to Caroline Feeney, head of Prudential's U.S. Businesses. "Mike's leadership has been instrumental in developing a long-term vision for our product strategy and driving business growth." said Feeney. "His exceptional track record and client-first approach will ensure our continued progress in positioning Group Insurance as a leader in delivering comprehensive financial solutions to our clients." Since joining
Net income attributable to Prudential Financial, Inc. of $448 million or $1.24 per Common share versus net loss of $802 million or $2.23 per share for the year-ago quarter. After-tax adjusted operating income of $1.260 billion or $3.48 per Common share versus $1.332 billion or $3.62 per share for the year-ago quarter. Book value per Common share of $84.47 versus $70.82 per share for the year-ago quarter; adjusted book value per Common share of $98.71 versus $94.19 per share for the year-ago quarter. Parent company highly liquid assets(1) of $4.3 billion, in-line with the year-ago quarter. Assets under management(2) of $1.558 trillion versus $1.361 trillion for the year-ago quarter.
Prudential Financial, Inc. (NYSE:PRU) will release its third quarter 2024 earnings on Wednesday, October 30, 2024, after the market closes. The earnings news release, the financial supplement, and related materials will be posted on the company's Investor Relations website at investor.prudential.com. Members of Prudential's senior management will host a conference call on Thursday, October 31, 2024, at 11:00 a.m. ET to discuss with the investment community the company's third quarter results. Conference Call Information The conference call will be broadcast live over the company's Investor Relations website at investor.prudential.com. Please log on 15 minutes early in the event necessary
PGIM High Yield Bond Fund, Inc. (NYSE:ISD), PGIM Global High Yield Fund, Inc. (NYSE:GHY) and PGIM Short Duration High Yield Opportunities Fund (NYSE:SDHY) declared today monthly distributions for September, October and November 2024. The distribution amounts and schedule for each fund appears below: Fund Name Ticker Distribution Per Share Change from Prior Distribution PGIM High Yield Bond Fund, Inc. ISD $0.105 – PGIM Global High Yield Fund, Inc. GHY $0.105 – PGIM Short Duration High Yield Opportunities Fund SDHY $0.108 – Month Ex-Date Record Date Payable Date
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