Prudential Financial, Inc. (PRU) To Go Ex-Dividend on May 26th

Prudential Financial, Inc. (NYSE:PRU) announced a quarterly dividend on Tuesday, May 12th. Investors of record on Tuesday, May 26th will be given a dividend of 1.40 per share by the financial services provider on Thursday, June 11th. This represents a c) annualized dividend and a dividend yield of 5.4%. The ex-dividend date of this dividend is Tuesday, May 26th.

Prudential Financial has raised its dividend by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 2 years. Prudential Financial has a payout ratio of 38.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Prudential Financial to earn $14.82 per share next year, which means the company should continue to be able to cover its $5.60 annual dividend with an expected future payout ratio of 37.8%.

Prudential Financial Trading Down 0.1%

Prudential Financial stock opened at $104.12 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.16 and a quick ratio of 0.16. Prudential Financial has a one year low of $91.89 and a one year high of $119.76. The stock has a market capitalization of $36.13 billion, a PE ratio of 10.71, a price-to-earnings-growth ratio of 1.90 and a beta of 0.86. The business’s fifty day moving average is $97.80 and its 200 day moving average is $104.58.

Prudential Financial (NYSE:PRU) last released its quarterly earnings data on Tuesday, May 5th. The financial services provider reported $3.61 EPS for the quarter, beating the consensus estimate of $3.09 by $0.52. The company had revenue of $15.23 billion for the quarter, compared to analysts’ expectations of $14.10 billion. Prudential Financial had a return on equity of 16.33% and a net margin of 5.83%.During the same period last year, the firm posted $3.29 earnings per share. On average, sell-side analysts predict that Prudential Financial will post 13.82 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Barclays raised their target price on Prudential Financial from $89.00 to $90.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 6th. Mizuho raised their target price on Prudential Financial from $96.00 to $101.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Morgan Stanley reissued an “underweight” rating and issued a $92.00 target price (down from $106.00) on shares of Prudential Financial in a research report on Monday, May 4th. Weiss Ratings cut Prudential Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, March 13th. Finally, Keefe, Bruyette & Woods raised their target price on Prudential Financial from $100.00 to $106.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 13th. Nine analysts have rated the stock with a Hold rating and six have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $101.50.

Prudential Financial Company Profile

Prudential Financial, Inc, headquartered in Newark, New Jersey, is a diversified financial services company with roots dating to 1875. The firm provides a range of insurance, retirement and investment products aimed at helping individual and institutional clients manage risk, accumulate and protect wealth, and plan for retirement. Prudential’s long history in life insurance and related financial services has positioned it as a major participant in the U.S. insurance market and a provider of services to a broad client base.

Prudential’s core business activities include individual life insurance, annuities, retirement solutions and group insurance products for employers.