Prudential Financial Inc. (NYSE:PRU) CFO Robert Falzon sold 9,781 shares of the business’s stock in a transaction on Wednesday, October 5th. The stock was sold at an average price of $85.00, for a total transaction of $831,385.00. Following the completion of the transaction, the chief financial officer now directly owns 46,550 shares in the company, valued at approximately $3,956,750. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Robert Falzon also recently made the following trade(s):
- On Monday, August 8th, Robert Falzon sold 33,820 shares of Prudential Financial stock. The stock was sold at an average price of $77.13, for a total transaction of $2,608,536.60.
Prudential Financial Inc. (NYSE:PRU) opened at 84.53 on Friday. The company has a market capitalization of $36.94 billion, a PE ratio of 8.68 and a beta of 1.68. The firm’s 50-day moving average is $79.77 and its 200 day moving average is $76.18. Prudential Financial Inc. has a one year low of $57.19 and a one year high of $88.77.
Prudential Financial (NYSE:PRU) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $1.84 earnings per share for the quarter, missing analysts’ consensus estimates of $2.51 by $0.67. Prudential Financial had a net margin of 8.90% and a return on equity of 8.11%. During the same period in the previous year, the business posted $2.91 earnings per share. On average, equities analysts expect that Prudential Financial Inc. will post ($0.01) EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Tuesday, August 23rd were issued a $0.70 dividend. The ex-dividend date of this dividend was Friday, August 19th. This represents a $2.80 dividend on an annualized basis and a yield of 3.31%. Prudential Financial’s payout ratio is currently 28.78%.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Americafirst Capital Management LLC purchased a new position in shares of Prudential Financial during the second quarter worth $100,000. Bessemer Group Inc. raised 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 raised 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 bought a new position in Prudential Financial during the second quarter valued at approximately $132,000. Finally, Seven Eight Capital LLC raised 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. Institutional investors own 60.62% of the company’s stock.
PRU has been the topic of several research analyst reports. Bank of America Corp. downgraded shares of Prudential Financial from a “neutral” rating to an “underperform” rating in a report on Wednesday, June 29th. Wells Fargo & Co. initiated coverage on shares of Prudential Financial in a report on Friday, September 23rd. They issued a “market perform” rating on the stock. Deutsche Bank AG lowered their target price on shares of Prudential Financial from $90.00 to $83.00 and set a “buy” rating on the stock in a report on Thursday, July 7th. Credit Suisse Group AG initiated coverage on shares of Prudential Financial in a report on Friday. They issued a “neutral” rating and a $89.00 target price on the stock. Finally, Zacks Investment Research downgraded shares of Prudential Financial from a “hold” rating to a “sell” rating in a report on Tuesday, June 21st. One research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $89.13.
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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