Prudential Financial Inc (NYSE:PRU) – Equities research analysts at B. Riley issued their Q4 2018 earnings per share estimates for Prudential Financial in a report issued on Tuesday, January 8th. B. Riley analyst R. Binner forecasts that the financial services provider will earn $2.80 per share for the quarter.
PRU has been the subject of several other research reports. ValuEngine downgraded shares of Prudential Financial from a “sell” rating to a “strong sell” rating in a research report on Friday, November 16th. Evercore ISI raised shares of Prudential Financial from an “in-line” rating to an “outperform” rating and set a $85.50 price objective for the company in a research report on Wednesday. Zacks Investment Research reaffirmed a “sell” rating on shares of Prudential Financial in a research report on Monday, December 31st. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $113.00 price objective on shares of Prudential Financial in a research report on Wednesday. Finally, UBS Group increased their price objective on shares of Prudential Financial from $125.00 to $126.00 and gave the company a “buy” rating in a research report on Monday, October 8th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $114.19.
Prudential Financial (NYSE:PRU) last posted its earnings results on Wednesday, November 7th. The financial services provider reported $3.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $3.16 by ($0.01). Prudential Financial had a return on equity of 10.20% and a net margin of 12.59%. The business had revenue of $14.43 billion for the quarter, compared to analyst estimates of $13.51 billion. During the same period last year, the company posted $3.01 EPS.
Several institutional investors have recently added to or reduced their stakes in the company. YHB Investment Advisors Inc. purchased a new position in shares of Prudential Financial during the 4th quarter valued at approximately $1,480,000. First Hawaiian Bank boosted its stake in shares of Prudential Financial by 65.4% during the 4th quarter. First Hawaiian Bank now owns 7,582 shares of the financial services provider’s stock valued at $619,000 after buying an additional 2,999 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Prudential Financial by 2.8% during the 4th quarter. State of Alaska Department of Revenue now owns 120,254 shares of the financial services provider’s stock valued at $9,804,000 after buying an additional 3,222 shares during the last quarter. Copper Rock Capital Partners LLC boosted its stake in shares of Prudential Financial by 48.4% during the 4th quarter. Copper Rock Capital Partners LLC now owns 193,466 shares of the financial services provider’s stock valued at $15,628,000 after buying an additional 63,136 shares during the last quarter. Finally, CENTRAL TRUST Co boosted its stake in shares of Prudential Financial by 8.9% during the 4th quarter. CENTRAL TRUST Co now owns 5,756 shares of the financial services provider’s stock valued at $470,000 after buying an additional 468 shares during the last quarter. Institutional investors own 63.40% of the company’s stock.
In other Prudential Financial news, major shareholder Prudential Financial Inc bought 880,000 shares of Prudential Financial stock in a transaction dated Tuesday, October 16th. The stock was bought at an average cost of $25.00 per share, for a total transaction of $22,000,000.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Over the last quarter, insiders have bought 880,315 shares of company stock valued at $22,026,194. Company insiders own 0.61% of the company’s stock.
The firm also recently announced a quarterly dividend, which was paid on Thursday, December 13th. Stockholders of record on Monday, November 26th were paid a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 4.10%. The ex-dividend date of this dividend was Friday, November 23rd. Prudential Financial’s dividend payout ratio (DPR) is currently 34.03%.
Prudential Financial Company Profile
Prudential Financial, Inc, through its subsidiaries, provides insurance, investment management, and other financial products and services in the United States and internationally. It operates through U.S. Individual Solutions, U.S. Workplace Solutions, Investment Management, and International Insurance divisions.
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