Prudential Financial (PRU) Getting Somewhat Positive News Coverage, Study Finds
Media headlines about Prudential Financial (NYSE:PRU) have trended somewhat positive on Saturday, according to Accern Sentiment Analysis. The research firm rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public 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 0.13 on Accern’s scale. Accern also gave news stories about the financial services provider an impact score of 46.6159548576753 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Prudential Financial (PRU) Price Target Lowered to $98.00 at Credit Suisse Group (americanbankingnews.com)
- Prudential Financial Inc.: PGIM Real Estate and FGI reach agreement with TRIUVA to sell Junghof Plaza, Frankfurt (twst.com)
- Why workplace financial wellness programs are not making the grade (marketwatch.com)
- Prudential Retirement is Rockland County’s new deferred compensation plan provider, to oversee $313 million in new retirement assets (finance.yahoo.com)
- BSP chief notes financial markets’ volatility, but says timing is key in intervention (businessmirror.com.ph)
PRU has been the topic of several research reports. Credit Suisse Group initiated coverage on shares of Prudential Financial in a report on Wednesday, April 25th. They issued a “neutral” rating and a $102.00 price objective on the stock. B. Riley decreased their price objective on shares of Prudential Financial from $129.00 to $116.00 and set a “buy” rating on the stock in a report on Monday, July 16th. ValuEngine downgraded shares of Prudential Financial from a “sell” rating to a “strong sell” rating in a report on Friday, June 29th. Zacks Investment Research upgraded shares of Prudential Financial from a “hold” rating to a “buy” rating and set a $108.00 price objective on the stock in a report on Tuesday, July 17th. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $122.00 price objective on shares of Prudential Financial in a report on Friday, August 3rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Prudential Financial currently has a consensus rating of “Buy” and a consensus target price of $116.43.
Prudential Financial (NYSE:PRU) last released its quarterly earnings results on Wednesday, August 1st. The financial services provider reported $3.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.08 by ($0.07). Prudential Financial had a net margin of 13.16% and a return on equity of 9.98%. The business had revenue of $13.04 billion during the quarter, compared to analyst estimates of $14.19 billion. During the same quarter last year, the company posted $2.09 earnings per share. analysts predict that Prudential Financial will post 12.12 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 13th. Investors of record on Tuesday, August 21st will be paid a $0.90 dividend. The ex-dividend date is Monday, August 20th. This represents a $3.60 annualized dividend and a dividend yield of 3.64%. Prudential Financial’s dividend payout ratio (DPR) is presently 34.03%.
About Prudential Financial
Prudential Financial, Inc, through its subsidiaries, provides insurance, investment management, and other financial products and services in the United States and internationally. It operates through U.S. Individual Solutions, U.S. Workplace Solutions, Investment Management, and International Insurance divisions.
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