In yesterday’s Wall Street session, Prudential Financial Inc. (NYSE:PRU) shares traded at $89.42, down -0.48% from the previous session.
19 analysts cover Prudential Financial Inc. (NYSE:PRU), according to research data. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $114.00 and a low of $70.00, we find $91.00. Given the previous closing price of $89.85, this indicates a potential upside of 1.28 percent. PRU stock price is now 6.85% away from the 50-day moving average and -4.06% away from the 200-day moving average. The market capitalization of the company currently stands at $32.21B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
The stock has received a hold rating from 12 analysts and a buy rating from 2. Brokers who have rated the stock have averaged $92.40 as their price target over the next twelve months.
With the price target maintained at $114, JP Morgan recently Upgraded its rating from Neutral to Overweight for Prudential Financial Inc. (NYSE: PRU).
In other news, SULLIVAN ANDREW F, Executive Vice President sold 4,126 shares of the company’s stock on Mar 03. The stock was sold for $409,299 at an average price of $99.20. Upon completion of the transaction, the Executive Vice President now directly owns 12,241 shares in the company, valued at $1.09 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 17, Executive Vice President SULLIVAN ANDREW F sold 11,405 shares of the business’s stock. A total of $1,151,335 was realized by selling the stock at an average price of $100.95. This leaves the insider owning 12,300 shares of the company worth $1.1 million. Insiders disposed of 145,580 shares of company stock worth roughly $13.02 million over the past 1 year. A total of 0.14% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in PRU stock. A new stake in Prudential Financial Inc. shares was purchased by HRT FINANCIAL LP during the first quarter worth $34,317,000. POINT72 ASSET MANAGEMENT, L.P. invested $29,231,000 in shares of PRU during the first quarter. In the first quarter, MKP CAPITAL MANAGEMENT, L.L.C. acquired a new stake in Prudential Financial Inc. valued at approximately $28,851,000. OFI INVEST ASSET MANAGEMENT acquired a new stake in PRU for approximately $10,824,000. BROOKFIELD CORP /ON/ purchased a new stake in PRU valued at around $9,958,000 in the second quarter. In total, there are 1,552 active investors with 59.90% ownership of the company’s stock.
On Monday morning Prudential Financial Inc. (NYSE: PRU) stock kicked off with the opening price of $89.44. During the past 12 months, Prudential Financial Inc. has had a low of $75.37 and a high of $110.96. The fifty day moving average price for PRU is $83.80 and a two-hundred day moving average price translates $93.19 for the stock.
The latest earnings results from Prudential Financial Inc. (NYSE: PRU) was released for Mar, 2023. According to the Insurance – Life Company, earnings per share came in at $2.66, missing analysts’ expectations of $2.93 by -0.27. This compares to -$1.33 EPS in the same period last year. The net profit margin was 0.00% and return on equity was 0.10% for PRU. The company reported revenue of $17.05 billion for the quarter, compared to $11.86 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 43.78 percent. For the current quarter, analysts expect PRU to generate $12.76B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/15/2023. Investors who held shares on 05/23/2023 were paid a $1.25 dividend. On an annualized basis, this represents a $5.00 dividend and a 5.59% percent yield. There was an ex-dividend date of 05/22/2023 for this dividend.
