Traders sold shares of Prudential Financial, Inc. (NYSE:PRU) on strength during trading hours on Monday. $37.41 million flowed into the stock on the tick-up and $61.19 million flowed out of the stock on the tick-down, for a money net flow of $23.78 million out of the stock. Of all equities tracked, Prudential Financial had the 0th highest net out-flow for the day. Prudential Financial traded up $1.36 for the day and closed at $116.76
A number of analysts recently issued reports on the company. ValuEngine raised Prudential Financial from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Keefe, Bruyette & Woods restated a “buy” rating on shares of Prudential Financial in a research note on Friday, August 11th. BidaskClub lowered Prudential Financial from a “buy” rating to a “hold” rating in a research note on Saturday, August 12th. Wells Fargo & Company restated a “hold” rating and issued a $120.00 target price (up from $114.00) on shares of Prudential Financial in a research note on Wednesday, November 8th. Finally, FBR & Co upgraded Prudential Financial from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $117.00 to $100.00 in a research note on Tuesday, October 10th. Eight research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $115.64.
The company has a debt-to-equity ratio of 0.34, a current ratio of 0.13 and a quick ratio of 0.13. The company has a market capitalization of $49,506.24, a P/E ratio of 11.28, a price-to-earnings-growth ratio of 1.32 and a beta of 1.55.
Prudential Financial (NYSE:PRU) last announced its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $3.01 EPS for the quarter, beating the consensus estimate of $2.71 by $0.30. The firm had revenue of $13.36 billion for the quarter, compared to analyst estimates of $12.24 billion. Prudential Financial had a return on equity of 9.51% and a net margin of 7.71%. During the same period in the prior year, the company earned $2.66 EPS. research analysts forecast that Prudential Financial, Inc. will post 10.44 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Monday, November 27th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Friday, November 24th. This represents a $3.00 annualized dividend and a dividend yield of 2.60%. Prudential Financial’s dividend payout ratio (DPR) is presently 30.18%.
In other news, insider Nicholas C. Silitch sold 44,860 shares of the stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $111.77, for a total transaction of $5,014,002.20. Following the transaction, the insider now directly owns 27,927 shares in the company, valued at approximately $3,121,400.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Charles F. Lowrey sold 44,630 shares of the stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $111.91, for a total value of $4,994,543.30. Following the transaction, the executive vice president now owns 79,354 shares in the company, valued at $8,880,506.14. The disclosure for this sale can be found here. Insiders have sold a total of 100,017 shares of company stock worth $11,219,151 over the last quarter. Corporate insiders own 0.66% of the company’s stock.
Several institutional investors have recently made changes to their positions in PRU. Fieldpoint Private Securities LLC bought a new position in Prudential Financial during the 2nd quarter worth approximately $103,000. Grove Bank & Trust grew its position in Prudential Financial by 507.0% during the 3rd quarter. Grove Bank & Trust now owns 1,129 shares of the financial services provider’s stock worth $120,000 after acquiring an additional 943 shares during the last quarter. Hudock Capital Group LLC grew its position in Prudential Financial by 0.7% during the 2nd quarter. Hudock Capital Group LLC now owns 1,144 shares of the financial services provider’s stock worth $123,000 after acquiring an additional 8 shares during the last quarter. Legacy Advisors LLC bought a new position in Prudential Financial during the 3rd quarter worth approximately $129,000. Finally, Zions Bancorporation grew its position in Prudential Financial by 44.9% during the 3rd quarter. Zions Bancorporation now owns 1,690 shares of the financial services provider’s stock worth $180,000 after acquiring an additional 524 shares during the last quarter. Hedge funds and other institutional investors own 64.65% of the company’s stock.
Prudential Financial Company Profile
Prudential Financial, Inc, is a financial services company. The Company, through its subsidiaries, offers a range of financial products and services, which includes life insurance, annuities, retirement-related services, mutual funds and investment management. The Company’s operations consists of four divisions, which together encompass seven segments.
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