Prudential (LON:PRU – Free Report) had its target price reduced by JPMorgan Chase & Co. from GBX 1,330 ($17.49) to GBX 1,150 ($15.12) in a research report released on Monday morning, Marketbeat Ratings reports. They currently have an overweight rating on the financial services provider’s stock.
Separately, Deutsche Bank Aktiengesellschaft reissued a buy rating and set a GBX 1,290 ($16.96) target price on shares of Prudential in a report on Tuesday, June 25th.
Prudential Stock Down 0.1 %
Prudential Cuts Dividend
The firm also recently disclosed a dividend, which will be paid on Wednesday, October 23rd. Investors of record on Thursday, September 5th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Thursday, September 5th. This represents a yield of 0.78%. Prudential’s dividend payout ratio (DPR) is presently 7,083.33%.
Insider Buying and Selling at Prudential
In related news, insider George David Sartorel acquired 8,000 shares of Prudential stock in a transaction dated Thursday, July 4th. The stock was bought at an average price of GBX 725 ($9.53) per share, with a total value of £58,000 ($76,265.61). In related news, insider George David Sartorel acquired 8,000 shares of Prudential stock in a transaction dated Thursday, July 4th. The stock was bought at an average price of GBX 725 ($9.53) per share, with a total value of £58,000 ($76,265.61). Also, insider Amy Yip acquired 4,222 shares of Prudential stock in a transaction dated Tuesday, July 2nd. The shares were bought at an average cost of GBX 710 ($9.34) per share, with a total value of £29,976.20 ($39,416.44). Insiders own 0.29% of the company’s stock.
About Prudential
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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