Prudential Financial SVP Sells $1,682,659 in Stock (PRU)
Prudential Financial (NYSE:PRU) SVP Scott Sleyster sold 18,866 shares of Prudential Financial stock on the open market in a transaction dated Monday, August 18th. The shares were sold at an average price of $89.19, for a total transaction of $1,682,658.54. Following the completion of the sale, the senior vice president now directly owns 17,982 shares in the company, valued at approximately $1,603,815. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Prudential Financial in a research note on Wednesday. They now have a $94.00 price target on the stock. Separately, analysts at Raymond James cut their price target on shares of Prudential Financial from $116.00 to $111.00 in a research note on Friday, August 8th. Finally, analysts at Scotia Bank reiterated a “sector perform” rating on shares of Prudential Financial in a research note on Friday, August 8th. They now have a $97.00 price target on the stock, up previously from $95.00. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $100.47.
Shares of Prudential Financial (NYSE:PRU) traded down 0.39% during mid-day trading on Friday, hitting $89.24. 326,917 shares of the company’s stock traded hands. Prudential Financial has a 1-year low of $74.10 and a 1-year high of $92.68. The stock’s 50-day moving average is $88.84 and its 200-day moving average is $85.56. The company has a market cap of $41.050 billion and a P/E ratio of 14.45.
Prudential Financial (NYSE:PRU) last released its earnings data on Wednesday, August 6th. The company reported $2.49 earnings per share for the quarter, beating the analysts’ consensus estimate of $2.35 by $0.14. The company had revenue of $11.11 billion for the quarter, compared to the consensus estimate of $11.12 million. During the same quarter last year, the company posted $2.30 earnings per share. Prudential Financial’s revenue was down 5.2% compared to the same quarter last year. On average, analysts predict that Prudential Financial will post $9.69 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, September 18th. Shareholders of record on Tuesday, August 26th will be paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 2.35%. The ex-dividend date is Friday, August 22nd.
Prudential Financial, Inc (NYSE:PRU) is a financial services company.
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