News stories about Prudential Financial (NYSE:PRU) have been trending positive on Monday, according to Accern Sentiment Analysis. The research group identifies positive and negative media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Prudential Financial earned a daily sentiment score of 0.40 on Accern’s scale. Accern also gave news stories about the financial services provider an impact score of 90 out of 100, indicating that recent media coverage is very likely to have an effect on the stock’s share price in the near term.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:
- Prudential Financial Inc. Has $214.58 Million Stake in General Motors Company (GM) (eleganthomesinla.com)
- PRUDENTIAL FINANCIAL INC (PRU) (4-traders.com)
- Prudential Financial, Inc. (NYSE:PRU) Trading Up – Insiders Selling, Short Interest Growing (highlightpress.com)
- Prudential Financial, Inc. (PRU) Chairman John R. Strangfeld, Jr. Sells 201,585 Shares (americanbankingnews.com)
- Vanguard Group Inc. Has $3.23 Billion Stake in Prudential Financial, Inc. (PRU) (healthcaremenu.net)
Prudential Financial (PRU) traded up 0.19% during trading on Monday, reaching $111.57. The company’s stock had a trading volume of 501,798 shares. The company has a market capitalization of $47.86 billion, a P/E ratio of 11.32 and a beta of 1.49. The company’s 50-day moving average is $105.88 and its 200-day moving average is $106.87. Prudential Financial has a 1-year low of $70.00 and a 1-year high of $114.55.
Prudential Financial (NYSE:PRU) last released its quarterly earnings data on Wednesday, May 3rd. The financial services provider reported $2.79 EPS for the quarter, topping analysts’ consensus estimates of $2.64 by $0.15. The company had revenue of $13.24 billion for the quarter, compared to the consensus estimate of $12.75 billion. Prudential Financial had a return on equity of 8.52% and a net margin of 7.78%. During the same period last year, the business posted $2.18 EPS. Equities analysts anticipate that Prudential Financial will post $10.64 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Tuesday, May 23rd were issued a $0.75 dividend. The ex-dividend date of this dividend was Friday, May 19th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.69%. Prudential Financial’s dividend payout ratio (DPR) is 30.46%.
A number of research analysts have weighed in on PRU shares. Vetr upgraded Prudential Financial from a “hold” rating to a “buy” rating and set a $109.90 price objective on the stock in a report on Wednesday, March 22nd. Zacks Investment Research upgraded Prudential Financial from a “hold” rating to a “buy” rating and set a $117.00 price target on the stock in a report on Tuesday, April 18th. Deutsche Bank AG lifted their price target on Prudential Financial from $114.00 to $117.00 and gave the stock a “buy” rating in a report on Wednesday, April 19th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $117.00 price target on shares of Prudential Financial in a report on Tuesday, March 21st. Finally, Credit Suisse Group reduced their price target on Prudential Financial from $121.00 to $120.00 and set a “neutral” rating on the stock in a report on Tuesday, May 23rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Prudential Financial currently has an average rating of “Hold” and an average price target of $111.53.
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In other news, Chairman John R. Strangfeld, Jr. sold 201,585 shares of the firm’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $110.00, for a total value of $22,174,350.00. Following the transaction, the chairman now directly owns 456,121 shares in the company, valued at approximately $50,173,310. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Charles F. Lowrey sold 222,857 shares of the firm’s stock in a transaction dated Monday, May 8th. The stock was sold at an average price of $108.04, for a total value of $24,077,470.28. Following the completion of the transaction, the insider now owns 151,418 shares in the company, valued at $16,359,200.72. The disclosure for this sale can be found here. Company insiders own 0.66% of the company’s stock.
About Prudential Financial
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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