Prudential Financial (PRU) Receiving Somewhat Favorable Press Coverage, Report Shows
News coverage about Prudential Financial (NYSE:PRU) has been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Prudential Financial earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 46.5302784858072 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- Hurricane Harvey Puts These ETF Areas in Focus (finance.yahoo.com)
- Commonwealth Bank of Australia : Australian Financial Reforms to Regulate Digital Currencies (4-traders.com)
- Prudential Financial, Inc. (PRU) Expected to Announce Earnings of $2.71 Per Share (americanbankingnews.com)
- What Are Analysts Opinions On Prudential Financial, Inc. (PRU) (iphonefresh.com)
- Prudential Financial, Inc. (PRU) Shares Bought by Alpha Omega Wealth Management LLC (fishinghd.com)
A number of brokerages have commented on PRU. Zacks Investment Research cut Prudential Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, June 14th. BidaskClub upgraded Prudential Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Wells Fargo & Company restated a “hold” rating on shares of Prudential Financial in a research report on Tuesday, June 6th. Credit Suisse Group reduced their price target on Prudential Financial from $121.00 to $120.00 and set a “neutral” rating for the company in a research report on Tuesday, May 23rd. Finally, Keefe, Bruyette & Woods restated a “buy” rating on shares of Prudential Financial in a research report on Friday, August 11th. Ten equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $111.21.
Prudential Financial (NYSE:PRU) opened at 101.32 on Wednesday. The company has a market capitalization of $43.26 billion, a price-to-earnings ratio of 11.31 and a beta of 1.50. Prudential Financial has a 52 week low of $77.01 and a 52 week high of $115.26. The company’s 50-day moving average price is $109.15 and its 200-day moving average price is $107.92.
Prudential Financial (NYSE:PRU) last issued its earnings results on Wednesday, August 2nd. The financial services provider reported $2.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.70 by $0.61. Prudential Financial had a net margin of 7.15% and a return on equity of 8.98%. The company had revenue of $13.03 billion during the quarter, compared to analysts’ expectations of $12.45 billion. During the same period last year, the business posted $1.84 earnings per share. Equities analysts forecast that Prudential Financial will post $10.14 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Tuesday, August 22nd will be paid a dividend of $0.75 per share. The ex-dividend date is Friday, August 18th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.96%. Prudential Financial’s dividend payout ratio (DPR) is 33.63%.
In other news, Chairman John R. Strangfeld, Jr. sold 201,585 shares of the firm’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $110.00, for a total transaction of $22,174,350.00. Following the completion of the transaction, the chairman now directly owns 456,121 shares of the company’s stock, valued at approximately $50,173,310. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Nicholas C. Silitch sold 14,897 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $110.00, for a total transaction of $1,638,670.00. Following the transaction, the insider now directly owns 21,274 shares of the company’s stock, valued at $2,340,140. The disclosure for this sale can be found here. Over the last three months, insiders have sold 220,615 shares of company stock valued at $24,276,660. Corporate insiders own 0.66% of the company’s stock.
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About Prudential Financial
Prudential Financial, Inc, is a financial services company. The Company, through its subsidiaries, offers a range of financial products and services, which includes life insurance, annuities, retirement-related services, mutual funds and investment management. The Company’s operations consists of four divisions, which together encompass seven segments.
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