Prudential (LON:PRU – Free Report) had its price objective cut by JPMorgan Chase & Co. from GBX 1,330 ($17.49) to GBX 1,150 ($15.12) in a research report report published on Monday morning, Marketbeat Ratings reports. They currently have an overweight rating on the financial services provider’s stock.
Separately, Deutsche Bank Aktiengesellschaft restated a buy rating and issued a GBX 1,290 ($16.96) price target on shares of Prudential in a research note on Tuesday, June 25th.
Read Our Latest Stock Report on PRU
Prudential Trading Down 0.0 %
Prudential Cuts Dividend
The firm also recently declared a dividend, which will be paid on Wednesday, October 23rd. Investors of record on Thursday, September 5th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Thursday, September 5th. This represents a dividend yield of 0.78%. Prudential’s dividend payout ratio (DPR) is presently 7,083.33%.
Insider Activity at Prudential
In other Prudential news, insider George David Sartorel purchased 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 4th. The shares were purchased at an average cost of GBX 725 ($9.53) per share, for a total transaction of £58,000 ($76,265.61). In other news, insider Amy Yip bought 4,222 shares of the firm’s stock in a transaction on Tuesday, July 2nd. The shares were bought at an average cost of GBX 710 ($9.34) per share, for a total transaction of £29,976.20 ($39,416.44). Also, insider George David Sartorel bought 8,000 shares of the firm’s stock in a transaction on Thursday, July 4th. The shares were purchased at an average price of GBX 725 ($9.53) per share, for a total transaction of £58,000 ($76,265.61). Company insiders own 0.29% of the company’s stock.
Prudential Company Profile
Prudential plc, through its subsidiaries, provides life and health insurance, and asset management solutions to individuals in Asia and Africa. The company was founded in 1848 and is headquartered in Central, Hong Kong.
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