Key Points
- Prudential EVP Caroline Feeney sold 6,555 shares on December 11 at an average price of $116.28 for proceeds of $762,215.40, leaving her with 22,523 shares — a 22.54% reduction in her stake.
- Prudential pays a 4.6% dividend ($1.35 quarterly, $5.40 annual) with a dividend payout ratio of 74.18%; the company has a $41.18 billion market cap, a P/E of 16.16, and a MarketBeat consensus rating of "Reduce" with an average target of $115.89.
Prudential Financial, Inc. (NYSE:PRU - Get Free Report) EVP Caroline Feeney sold 6,555 shares of the stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $116.28, for a total value of $762,215.40. Following the completion of the transaction, the executive vice president directly owned 22,523 shares of the company's stock, valued at $2,618,974.44. This represents a 22.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Prudential Financial Stock Performance
Shares of PRU opened at $117.67 on Tuesday. The firm has a market cap of $41.18 billion, a price-to-earnings ratio of 16.16, a PEG ratio of 0.96 and a beta of 0.97. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.58. The business's 50 day moving average is $105.95 and its two-hundred day moving average is $105.48. Prudential Financial, Inc. has a 52-week low of $90.38 and a 52-week high of $123.88.
Prudential Financial (NYSE:PRU - Get Free Report) last issued its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $3.58 earnings per share (EPS) for the quarter. The business had revenue of $8.35 billion during the quarter. Prudential Financial had a net margin of 4.65% and a return on equity of 16.60%. Analysts forecast that Prudential Financial, Inc. will post 14.36 EPS for the current fiscal year.
Prudential Financial Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, December 11th. Stockholders of record on Tuesday, November 18th were given a dividend of $1.35 per share. The ex-dividend date of this dividend was Tuesday, November 18th. This represents a $5.40 annualized dividend and a dividend yield of 4.6%. Prudential Financial's dividend payout ratio (DPR) is presently 74.18%.
Hedge Funds Weigh In On Prudential Financial
Several institutional investors have recently modified their holdings of the company. Brighton Jones LLC grew its position in Prudential Financial by 3.7% in the 4th quarter. Brighton Jones LLC now owns 3,681 shares of the financial services provider's stock worth $436,000 after purchasing an additional 133 shares during the last quarter. HighTower Advisors LLC grew its holdings in Prudential Financial by 68.2% in the 1st quarter. HighTower Advisors LLC now owns 110,794 shares of the financial services provider's stock worth $12,373,000 after buying an additional 44,937 shares in the last quarter. Horizon Investments LLC increased its position in Prudential Financial by 3.6% in the 1st quarter. Horizon Investments LLC now owns 6,614 shares of the financial services provider's stock valued at $739,000 after acquiring an additional 228 shares during the period. Forvis Mazars Wealth Advisors LLC raised its stake in Prudential Financial by 4.4% during the 1st quarter. Forvis Mazars Wealth Advisors LLC now owns 5,956 shares of the financial services provider's stock valued at $665,000 after acquiring an additional 249 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its position in Prudential Financial by 8.6% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 43,974 shares of the financial services provider's stock worth $4,911,000 after acquiring an additional 3,496 shares during the period. Institutional investors own 56.83% of the company's stock.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on PRU shares. Keefe, Bruyette & Woods boosted their price objective on Prudential Financial from $117.00 to $118.00 and gave the company a "market perform" rating in a report on Monday, November 3rd. Evercore ISI boosted their price target on Prudential Financial from $120.00 to $122.00 and gave the company an "in-line" rating in a report on Thursday, October 30th. Weiss Ratings reissued a "hold (c+)" rating on shares of Prudential Financial in a research report on Monday, December 8th. Wall Street Zen raised shares of Prudential Financial from a "hold" rating to a "buy" rating in a report on Saturday, November 8th. Finally, Morgan Stanley increased their target price on shares of Prudential Financial from $117.00 to $118.00 and gave the stock an "equal weight" rating in a report on Tuesday, October 7th. Ten analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Reduce" and an average target price of $115.89.
Check Out Our Latest Research Report on PRU
About Prudential Financial
(
Get Free Report)
Prudential Financial, Inc, together with its subsidiaries, provides insurance, investment management, and other financial products and services in the United States and internationally. It operates through PGIM, Retirement Strategies, Group Insurance, Individual Life, and International Businesses segments.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
