Prudential Financial SVP Richard F. Lambert Sells 2,376 Shares (PRU)
Prudential Financial (NYSE:PRU) SVP Richard F. Lambert sold 2,376 shares of the stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $89.12, for a total value of $211,749.12. Following the completion of the sale, the senior vice president now directly owns 6,870 shares of the company’s stock, valued at approximately $612,254. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
A number of research firms have recently commented on PRU. Analysts at Raymond James reiterated a “strong-buy” rating on shares of Prudential Financial in a research note on Friday. They now have a $112.00 price target on the stock, up previously from $108.00. Separately, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Prudential Financial in a research note on Thursday. They now have a $101.00 price target on the stock, down previously from $108.00. Finally, analysts at Sandler O’Neill raised their price target on shares of Prudential Financial from $88.00 to $90.00 in a research note on Thursday. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Prudential Financial has an average rating of “Buy” and an average target price of $95.50.
Prudential Financial (NYSE:PRU) traded up 0.09% during mid-day trading on Monday, hitting $89.43. The stock had a trading volume of 2,140,539 shares. Prudential Financial has a one year low of $69.04 and a one year high of $92.68. The stock’s 50-day moving average is $82.44 and its 200-day moving average is $85.54. The company has a market cap of $41.317 billion and a price-to-earnings ratio of 32.56.
Prudential Financial (NYSE:PRU) last released its earnings data on Wednesday, May 7th. The company reported $2.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.14. The company had revenue of $10.94 billion for the quarter, compared to the consensus estimate of $11.72 billion. During the same quarter in the previous year, the company posted $2.28 earnings per share. The company’s revenue for the quarter was down 7.3% on a year-over-year basis. Analysts expect that Prudential Financial will post $9.47 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, June 19th. Stockholders of record on Tuesday, May 27th will be given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date of this dividend is Thursday, May 22nd.
Prudential Financial, Inc (NYSE:PRU) is a financial services company.
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