Prudential Financial Inc (NYSE:PRU) EVP Robert Falzon bought 3,580 shares of the stock in a transaction dated Monday, September 9th. The shares were acquired at an average price of $83.98 per share, for a total transaction of $300,648.40. Following the completion of the transaction, the executive vice president now owns 64,228 shares of the company’s stock, valued at approximately $5,393,867.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of Prudential Financial stock traded up $2.51 during trading hours on Tuesday, hitting $86.71. 2,664,128 shares of the company were exchanged, compared to its average volume of 2,092,645. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.29. The business has a 50-day moving average of $86.21 and a 200-day moving average of $95.56. Prudential Financial Inc has a 1 year low of $75.61 and a 1 year high of $106.64. The stock has a market capitalization of $33.03 billion, a price-to-earnings ratio of 7.42, a P/E/G ratio of 0.73 and a beta of 1.56.
Prudential Financial (NYSE:PRU) last posted its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $3.14 earnings per share for the quarter, missing analysts’ consensus estimates of $3.22 by ($0.08). The firm had revenue of $14.11 billion during the quarter, compared to analysts’ expectations of $13.63 billion. Prudential Financial had a net margin of 6.92% and a return on equity of 9.24%. During the same quarter last year, the business earned $3.01 earnings per share. As a group, research analysts anticipate that Prudential Financial Inc will post 12.43 earnings per share for the current fiscal year.
A number of equities analysts have recently commented on PRU shares. Barclays set a $108.00 target price on shares of Prudential Financial and gave the company a “buy” rating in a report on Monday, August 12th. ValuEngine cut shares of Prudential Financial from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 1st. Atlantic Securities downgraded shares of Prudential Financial from an “overweight” rating to a “neutral” rating in a research report on Thursday, August 8th. UBS Group lifted their price objective on shares of Prudential Financial from $83.00 to $84.00 and gave the company a “neutral” rating in a research note on Friday. Finally, Citigroup cut shares of Prudential Financial from a “buy” rating to a “neutral” rating and reduced their target price for the company from $112.00 to $94.00 in a report on Monday, August 5th. One analyst has rated the stock with a sell rating, seven have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $101.25.
Several large investors have recently modified their holdings of the company. Coastal Capital Group Inc. acquired a new stake in Prudential Financial in the second quarter valued at about $25,000. WealthStone Inc. purchased a new stake in Prudential Financial in the 2nd quarter valued at approximately $25,000. Ibex Wealth Advisors acquired a new position in Prudential Financial during the 2nd quarter worth approximately $26,000. Virtus ETF Advisers LLC acquired a new position in Prudential Financial during the 2nd quarter worth approximately $26,000. Finally, Bartlett & Co. LLC increased its position in Prudential Financial by 163.0% during the 2nd quarter. Bartlett & Co. LLC now owns 263 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 163 shares during the period. 63.57% of the stock is currently owned by institutional investors and hedge funds.
Prudential Financial Company Profile
Prudential Financial, Inc, through its subsidiaries, provides insurance, investment management, and other financial products and services. It operates through PGIM, U.S. Workplace Solutions, U.S. Individual Solutions, and International Insurance divisions. The PGIM division offers an array of asset management and advisory services related to public and private fixed income, public equity and real estate, commercial mortgage origination and servicing, and mutual funds and other retail services to institutional, private, and sub-advisory clients, as well as to insurance company separate accounts, government sponsored entities, and the general account.
Further Reading: What is Put Option Volume?
Receive News & Ratings for Prudential Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prudential Financial and related companies with MarketBeat.com's FREE daily email newsletter.