Prudential Financial Inc (NYSE:PRU) had declared a cash dividend of $0.7000 on Aug 9, 2016. The shares will quote ex-dividend on Aug 19, 2016 and the record date has been fixed for Aug 23, 2016. On Aug 9, 2016 share price, the yield comes out to be 3.6138%. The dividend payable date has been fixed on Sep 15, 2016.
In a different note, On Jul 7, 2016, Citigroup said it Maintains its rating on Prudential Financial Inc. In the research note, the firm Lowers the price-target to $83.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 7, 2016, Deutsche Bank said it Maintains its rating on Prudential Financial Inc. In the research note, the firm Lowers the price-target to $90.00 per share. The shares have been rated ‘Buy’ by the firm. On Jun 29, 2016, Bank of America said it Downgrades its rating on Prudential Financial Inc. The shares have been rated ‘Underperform’ by the firm. On May 16, 2016, FBR Capital said it Maintains its rating on Prudential Financial Inc. In the research note, the firm Raises the price-target to $80.00 per share. The shares have been rated ‘Outperform’ by the firm.
Prudential Financial Inc (PRU) made into the market gainers list on Wednesdays trading session with the shares advancing 0.40% or 0.31 points. Due to strong positive momentum, the stock ended at $77.04, which is also near the day’s high of $77.15. The stock began the session at $76.75 and the volume stood at 19,86,752 shares. The 52-week high of the shares is $89.77 and the 52 week low is $57.19. The company has a current market capitalization of $33,666 M and it has 43,70,00,000 shares in outstanding.
Prudential Financial Inc(PRU) last announced its earnings results on Aug 3, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $11.81B. Analysts had an estimated revenue of $11.74B. Earnings per share were $1.84. Analysts had estimated an EPS of $2.50.
Several Insider Transactions has been reported to the SEC. On Feb 17, 2016, Douglas A Scovanner (director) purchased 7,400 shares at $62.56 per share price.Also, On Dec 3, 2015, Scott Sleyster (Senior Vice President) sold 13,431 shares at $87.04 per share price.On Dec 3, 2015, Mark B Grier (Vice Chairman) sold 62,245 shares at $86.93 per share price, according to the Form-4 filing with the securities and exchange commission.
Prudential Financial Inc. is a financial services company. The Company through its subsidiaries and affiliates provides a arrange of financial products and services including life insurance annuities retirement-related services mutual funds and investment management. The Company has organized its principal operations into the Financial Services Businesses and the Closed Block Business. The Financial Services Businesses consists of three divisions containing six segments and the Companys corporate operations. The Financial Services Businesses operate through three operating divisions: U.S. Retirement Solutions and Investment Management U.S. Individual Life and Group Insurance and International Insurance. The Companys investment portfolio consists of public and private fixed maturity securities commercial mortgage and other loans equity securities and other invested assets.