What Does Insider Trading Tell Us About Prudential Financial, Inc. (PRU)?


In other Prudential Financial news, executive Nicholas C. Silitch unloaded 14,897 stocks of Prudential Financial shares in a trade dated Wed, Aug 9th. The information was declared in a transaction filed with the securities and exchange commission, which is accessible through this hyperlink. The stock of Prudential Financial Inc (NYSE:PRU) earned "Buy" rating by Goldman Sachs on Friday, September 23. First Republic Invest holds 0.01% of its portfolio in Prudential Financial Inc (NYSE:PRU) for 11,232 shares.

Several other large investors have also modified their holdings of the stock. The stock increased 2.04% or $2.02 during the last trading session, reaching $100.93. BlackRock Inc. now owns 32,220,957 shares of the financial services provider's stock worth $3,437,330,000 after buying an additional 31,272,429 shares during the period. Acadian Asset Management LLC lifted its position in Prudential Financial by 2,179.5% during the second quarter. Westpac Banking has an ownership of 54,100 stocks of the financial services provider's shares valued at $5,100,000 after scooping up an extra 27,536 shares through out the quarter. Bank of Montreal Can grew its position in Prudential Financial by 85.2% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 777,602 shares of the financial services provider's stock worth $82,954,000 after buying an additional 659,595 shares in the last quarter. Finally, NN Investment Partners Holdings N.V. lifted its position in Prudential Financial by 558.9% during the first quarter. Investors often use this ratio to evaluate what a stock's fair market value should be by predicting future earnings per share.

A number of analysts recently issued reports on the company. FBR & Co restated a "market perform" rating and set a $100.00 target price (up from $86.00) on shares of Prudential Financial in a report on Tuesday, November 29th. Finally, Zacks Investment Research cut shares of Prudential Financial from a "buy" rating to a "hold" rating in a report on Wednesday, June 14th. ValuEngine raised Prudential Financial from a "buy" rating to a "strong-buy" rating in a research report on Friday, June 2nd. As per Thursday, November 12, the company rating was maintained by Keefe Bruyette & Woods. On Tuesday, February 2 the stock rating was maintained by Stifel Nicolaus with "Buy".

Tracking other technical indicators, the 14-day RSI is presently standing at 46.12, the 7-day sits at 55.60, and the 3-day is resting at 76.09 for Prudential Financial Inc (PRU). It increased, as 40 investors sold Prudential plc shares while 258 reduced holdings. Milestone Group Inc Incorporated invested 0.05% of its portfolio in Prudential plc (LON:PRU). About shares traded. Public Storage (NYSE:PSA) has declined 14.14% since September 12, 2016 and is downtrending. $223.61's average target is 4.78% above currents $213.4 stock price. The company has market cap of $37.13 billion. Wagner Bowman Management Corp stated it has 0.45% in Prudential Financial Inc (NYSE:PRU). Prudential Financial had a return on equity of 7.96% and a net margin of 7.63%. The company had revenue of $13.03 billion for the quarter, compared to the consensus estimate of $12.45 billion. During the same period in the prior year, the business earned $1.84 earnings per share.

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The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 16th. (PRU) Ex-Dividend Date Scheduled for August 18, 2017" with publication date: "August 17, 2017 was also an interesting one. This represents a $3.00 annualized dividend and a yield of 2.94%. Prudential Financial's dividend payout ratio is now 28.90%.

While looking at the Stock's Performance, Amazon.com, Inc. now shows a Weekly Performance of -0.03%, where Monthly Performance is 2.2%, Quarterly performance is 1.35%, 6 Months performance is 14.44% and yearly performance percentage is 28.66%. In the last ninety days, insiders sold 220,615 shares of company stock valued at $24,276,660.

With a total market value of 0 GBX, Prudential PLC has price-earnings ratio of 16.71 with a one year low of 1,290.00GBX and a one year high of 1,889.50GBX. Following the sale, the insider now owns 21,274 shares in the company, valued at $2,340,140. The disclosure for this sale can be found here. Lowrey Charles F sold $24.08 million worth of stock. Institutional investors and hedge funds own 60.91% of the company's stock.

WARNING: This piece of content was reported by TrueBlueTribune and is the property of of TrueBlueTribune. If you are accessing this report on another domain, it was copied illegally and republished in violation of USA & global trademark & copyright laws. Prudential Financial now has $43.44 billion valuation. The retail financial products and services include life insurance, pensions and annuities as well as collective investment schemes. The Company's activities consists of four divisions, which together encompass seven divisions.