Positive Press Coverage Very Likely to Affect Prudential Financial (PRU) Stock Price

Cornelia Mascio
Mag 19, 2017

"We expect a modestly favorable reaction to Q1 earnings in PRU shares.", the firm's analyst commented.

Other equities research analysts also recently issued reports about the stock. Vetr upgraded shares of Prudential Financial from a hold rating to a buy rating and set a $109.90 price target on the stock in a report on Wednesday, March 22nd. Barclays PLC reiterated a buy rating and issued a $129.00 target price on shares of Prudential Financial in a report on Sunday, February 19th. JPMorgan Chase & Co. increased their price objective on Prudential Financial from $108.00 to $113.00 and gave the company an overweight rating in a report on Monday, April 3rd. Finally, Zacks Investment Research lowered Prudential Financial from a "buy" rating to a "hold" rating in a research report on Friday, February 10th.

According to the latest broker reports outstanding on Friday 19th of May, 15 analysts have a rating of "strong buy", 1 analysts "buy", 5 analysts "neutral", 0 analysts "sell" and 0 analysts "strong sell". Prudential PLC has GBX 2200 highest and GBX 1250 lowest target. Zeke Advsr Ltd Liability Corporation holds 0.11% in Prudential plc (LON:PRU) or 3,855 shares. The company's stock has a normal trading capacity of 1.86M shares while the relative volume is 2.06. The stock's 50 day moving average is $106.42 and its 200-day moving average is $105.03. The stock has a market capitalization of $44.35 billion, a price-to-earnings ratio of 10.49 and a beta of 1.69. Prudential Financial has a 12-month low of $66.51 and a 12-month high of $114.55.

Prudential Financial (NYSE:PRU) last announced its quarterly earnings results on Wednesday, May 3rd. The financial services provider reported $2.79 EPS for the quarter, beating the consensus estimate of $2.64 by $0.15. Revenue for the quarter also did not kill consensus, coming in at $12.01B, compared to the consensus of 12.74B. $7.99M worth of Prudential Financial Inc (NYSE:PRU) was sold by Pelletier Stephen. During the same period in the previous year, the firm earned $2.18 EPS.

11/28/2016 - Prudential Financial, Inc. had its "mkt perform" rating reiterated by analysts at FBR Capital Markets.

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The company also recently disclosed a dividend, which will be paid on Friday, May 19th. Shareholders of record on Tuesday, May 23rd will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.90%. Shares for $22,562 were bought by Pianalto Sandra on Friday, March 3. Prudential Financial's dividend payout ratio is now 28.90%.

In other Prudential plc news, insider John W. Foley sold 22,807 shares of the firm's stock in a transaction dated Tuesday, April 4th. The stock was sold at an average price of $112.87, for a total transaction of $3,808,572.41. Following the transaction, the executive vice president now owns 26,022 shares in the company, valued at approximately $2,881,936.50. 450 shares valued at $50,000 were bought by TODMAN MICHAEL on Tuesday, February 21. The stock was sold at an average price of GBX 1,663 ($21.47), for a total value of £2,453,540.31 ($3,167,084.43). 500 shares valued at $55,365 were bought by Paz George on Thursday, February 23. The disclosure for this purchase can be found here. Insiders have sold a total of 262,687 shares of company stock valued at $28,560,178 in the last quarter.

Institutional investors have recently added to or reduced their stakes in the stock. State Street Corp raised its position in shares of Prudential Financial by 10.8% in the fourth quarter. Guardian Life Insurance Co. of America now owns 1,658 shares of the financial services provider's stock worth $177,000 after buying an additional 5 shares during the last quarter. On average, equities research analysts predict that Prudential Financial will post $10.66 earnings per share for the current fiscal year. State Street Corp now owns 20,235,854 shares of the financial services provider's stock valued at $2,105,741,000 after buying an additional 1,966,517 shares during the period. The Firm operates through Insurance activities and Asset management operations. Koshinski Asset Management Inc. now owns 5,541 shares of the financial services provider's stock valued at $591,000 after buying an additional 24 shares in the last quarter. Huntington National Bank boosted its stake in shares of Prudential Financial by 3.8% in the third quarter. Vanguard Group Inc. now owns 30,272,486 shares of the financial services provider's stock valued at $3,229,469,000 after buying an additional 968,500 shares during the period. Finally, Cleararc Capital Inc. boosted its position in shares of Prudential Financial by 0.4% in the first quarter.

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