The 85,490 Shares of Stock are sold by Prudential Financial Inc. (PRU) SVP Sharon C. Taylor

The 85,490 Shares of Stock are sold by Prudential Financial Inc. (PRU) SVP Sharon C. Taylor

Prudential Financial Inc. (NYSE:PRU) SVP Sharon C. Taylor sold 85,490 shares of the company’s stock in a transaction that occurred on Monday, October 10th. The stock was sold at an average price of $84.99, for a total value 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 can be accessed through this hyperlink.

Shares of Prudential Financial Inc. (NYSE:PRU) opened at 84.49 on Thursday. The firm’s 50-day moving average price is $80.48 and its 200 day moving average price is $76.44. Prudential Financial Inc. has a one year low of $57.19 and a one year high of $88.77. The firm has a market cap of $36.92 billion, a P/E ratio of 8.68 and a beta of 1.68.

Prudential Financial (NYSE:PRU) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $1.84 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 in the previous year, the firm posted $2.91 earnings per share. Analysts predict that Prudential Financial Inc. will post ($0.01) EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Tuesday, August 23rd were given a $0.70 dividend. The ex-dividend date of this dividend was Friday, August 19th. This represents a $2.80 annualized dividend and a yield of 3.31%. Prudential Financial’s dividend payout ratio is currently 28.78%.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Americafirst Capital Management LLC acquired a new position in Prudential Financial during the second quarter valued at $100,000. Bessemer Group Inc. boosted its position in Prudential Financial by 6.7% in the second quarter. Bessemer Group Inc. now owns 1,516 shares of the company’s stock valued at $108,000 after buying an additional 95 shares in the last quarter. Gierl Augustine Investment Management Inc boosted its position in Prudential Financial by 14.4% in the second quarter. Gierl Augustine Investment Management Inc now owns 1,632 shares of the company’s stock valued at $116,000 after buying an additional 206 shares in the last quarter. Cantab Capital Partners LLP acquired a new position in Prudential Financial during the second quarter valued at $132,000. Finally, Seven Eight Capital LLC boosted its position in Prudential Financial by 757.0% in the first quarter. Seven Eight Capital LLC now owns 2,151 shares of the company’s stock valued at $155,000 after buying an additional 1,900 shares in the last quarter. 60.62% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have weighed in on PRU shares. Wells Fargo & Co. started coverage on Prudential Financial in a research report on Friday, September 23rd. They set a “market perform” rating for the company. Zacks Investment Research downgraded Prudential Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, June 21st. Credit Suisse Group AG started coverage on Prudential Financial in a research report on Friday, October 7th. They set a “neutral” rating and a $89.00 price target for the company. Goldman Sachs Group Inc. raised Prudential Financial from a “neutral” rating to a “buy” rating and upped their price target for the stock from $80.00 to $93.00 in a research report on Friday, September 23rd. Finally, Bank of America Corp. downgraded Prudential Financial from a “neutral” rating to an “underperform” rating in a research report on Wednesday, June 29th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $89.13.

Prudential Financial Company Profile

Related posts

Leave a Comment