Prudential Financial Inc. (NYSE:PRU) SVP Sharon C. Taylor sold 85,490 shares of the company’s stock in a transaction dated Monday, October 10th. The shares were sold at an average price of $84.99, for a total transaction of $7,265,795.10. Following the transaction, the senior vice president now directly owns 77,221 shares of the company’s stock, valued at approximately $6,563,012.79. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Shares of Prudential Financial Inc. (NYSE:PRU) traded up 0.14% during midday trading on Wednesday, reaching $84.49. The company’s stock had a trading volume of 2,197,213 shares. The company has a market cap of $36.92 billion, a price-to-earnings ratio of 8.68 and a beta of 1.68. Prudential Financial Inc. has a 12 month low of $57.19 and a 12 month high of $88.77. The stock has a 50-day moving average of $80.48 and a 200 day moving average of $76.44.
Prudential Financial (NYSE:PRU) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $1.84 EPS for the quarter, missing analysts’ consensus estimates of $2.51 by $0.67. Prudential Financial had a return on equity of 8.11% and a net margin of 8.90%. During the same period last year, the business posted $2.91 earnings per share. On average, analysts predict that Prudential Financial Inc. will post ($0.01) earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Tuesday, August 23rd were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date was Friday, August 19th. Prudential Financial’s dividend payout ratio is currently 28.78%.
A number of analysts recently issued reports on the stock. Evercore ISI assumed coverage on shares of Prudential Financial in a research report on Wednesday, July 6th. They set a “hold” rating and a $78.00 target price for the company. Zacks Investment Research raised shares of Prudential Financial from a “sell” rating to a “hold” rating in a research report on Thursday, July 14th. Goldman Sachs Group Inc. raised shares of Prudential Financial from a “neutral” rating to a “buy” rating and increased their target price for the stock from $80.00 to $93.00 in a research report on Friday, September 23rd. Citigroup Inc. dropped their target price on shares of Prudential Financial from $83.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, July 7th. Finally, Credit Suisse Group AG assumed coverage on shares of Prudential Financial in a research report on Friday, October 7th. They set a “neutral” rating and a $89.00 target price for the company. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $89.13.
Several large investors have recently added to or reduced their stakes in PRU. Robeco Institutional Asset Management B.V. increased its stake in Prudential Financial by 96.8% in the second quarter. Robeco Institutional Asset Management B.V. now owns 156,322 shares of the company’s stock worth $11,152,000 after buying an additional 76,873 shares during the last quarter. Artemis Investment Management LLP increased its stake in Prudential Financial by 242.9% in the second quarter. Artemis Investment Management LLP now owns 195,800 shares of the company’s stock worth $13,965,000 after buying an additional 138,700 shares during the last quarter. Douglas Lane & Associates LLC increased its stake in Prudential Financial by 11.2% in the second quarter. Douglas Lane & Associates LLC now owns 497,664 shares of the company’s stock worth $35,503,000 after buying an additional 50,012 shares during the last quarter. Boston Advisors LLC increased its stake in Prudential Financial by 1.1% in the second quarter. Boston Advisors LLC now owns 241,447 shares of the company’s stock worth $17,225,000 after buying an additional 2,571 shares during the last quarter. Finally, Panagora Asset Management Inc. increased its stake in Prudential Financial by 1,637.1% in the first quarter. Panagora Asset Management Inc. now owns 581,941 shares of the company’s stock worth $42,028,000 after buying an additional 548,441 shares during the last quarter. Institutional investors own 60.62% of the company’s stock.
Prudential Financial Company Profile
Prudential Financial, Inc is a financial services company. The Company, through its subsidiaries and affiliates, provides a range of financial products and services, including life insurance, annuities and investment management. The Company’s divisions include U.S. Retirement Solutions and Investment Management Division; U.S.
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