Citigroup set a $112.00 price objective on Prudential Financial (NYSE:PRU) in a research report report published on Thursday morning, Stock Target Advisor reports. The firm currently has a buy rating on the financial services provider’s stock.
PRU has been the topic of a number of other reports. UBS Group upped their target price on Prudential Financial from $114.00 to $116.00 and gave the stock a buy rating in a research note on Thursday, May 2nd. Zacks Investment Research lowered Prudential Financial from a hold rating to a sell rating in a research note on Wednesday, January 23rd. Deutsche Bank upped their target price on Prudential Financial from $97.00 to $104.00 and gave the stock a hold rating in a research note on Friday, April 12th. Finally, ValuEngine upgraded Prudential Financial from a sell rating to a hold rating in a research note on Wednesday, May 1st. Five equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of $111.73.
Shares of NYSE PRU opened at $97.75 on Thursday. The stock has a market capitalization of $39.69 billion, a price-to-earnings ratio of 8.36, a price-to-earnings-growth ratio of 0.87 and a beta of 1.48. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.11 and a current ratio of 0.11. Prudential Financial has a twelve month low of $75.61 and a twelve month high of $106.64.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Tuesday, May 28th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Friday, May 24th. This represents a $4.00 annualized dividend and a dividend yield of 4.09%. Prudential Financial’s dividend payout ratio (DPR) is presently 34.22%.
In other news, insider Nicholas C. Silitch sold 13,000 shares of the stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $95.25, for a total transaction of $1,238,250.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.76% of the stock is currently owned by corporate insiders.
Institutional investors have recently made changes to their positions in the company. Joseph P. Lucia & Associates LLC bought a new position in shares of Prudential Financial during the 1st quarter valued at about $25,000. Berman Capital Advisors LLC boosted its holdings in Prudential Financial by 68.0% during the 1st quarter. Berman Capital Advisors LLC now owns 346 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 140 shares during the period. Advisory Alpha LLC purchased a new stake in Prudential Financial during the 1st quarter valued at about $32,000. Old North State Trust LLC boosted its holdings in Prudential Financial by 46.5% during the 4th quarter. Old North State Trust LLC now owns 438 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 139 shares during the period. Finally, Semmax Financial Advisors Inc. purchased a new stake in Prudential Financial during the 4th quarter valued at about $35,000. Hedge funds and other institutional investors own 62.97% of the company’s stock.
About Prudential Financial
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.
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