In recent trading session, Prudential Financial, Inc. (NYSE:PRU) saw 1,846,613 shares changing hands with its beta currently measuring 1.65. Company’s recent per share price level of $61.76 trading at -$0.2 or -0.32% at recent trade assigns it a market valuation of $24.37 Billion. That current trading price of PRU’s stock is at a discount of -57.45% from its 52-week high price of $97.24 and is indicating a premium of 37.47% from its 52-week low price of $38.62. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.63 Million shares which gives us an average trading volume of 2.47 Million if we extend that period to 3-months.
Prudential Financial, Inc. (NYSE:PRU) trade information
In the face of being in the red today for losing -0.32%, in the last five days PRU remained trading in the green while hitting it’s week-highest on Friday, Sep 18 when the stock touched $69.10- price level, adding 11.48% to its value on the day. Prudential Financial, Inc.’s shares saw a change of -34.75% in year-to-date performance and have moved -10.83% in past 5-day. Prudential Financial, Inc. (NYSE:PRU) showed a performance of -11.47% in past 30-days. Number of shares sold short was 7.79 Million shares which calculate 3.15 days to cover the short interests.
Prudential Financial, Inc. (PRU) estimates and forecasts
Statistics highlight that Prudential Financial, Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company added +20.05% of value to its shares in past 6 months, showing an annual growth rate of -19.85% while that of industry is -8.9. Apart from that, the company came lowering its revenue forecast for fiscal year 2020. The company is estimating its revenue growth to decline by -16.8% in the current quarter and calculating 9.4% increase in the next quarter. This year revenue growth is estimated to drop -5.2% from the last financial year’s standing.
4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $13.73 Billion for the same. And 4 analysts are in estimates of company making revenue of $14.93 Billion in the next quarter that will end in December 01, 2020. Company posted $12.93 Billion and $17.45 Billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 6.2% while estimating it to be -14.4% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 28.6% during past 5 years. In 2020, company’s earnings growth rate is likely to be around 10.6% while estimates for its earnings growth in next 5 years are of 3.77%
Prudential Financial, Inc. is more likely to be releasing its next quarterly report between November 03 and November 03, 2020, and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 6.91%, the share has a forward dividend of 4.4 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 3.75%.
Prudential Financial, Inc. (NYSE:PRU)’s Major holders
Insiders are in possession of 0.2% of company’s total shares while institution are holding 67.48% percent of that, with stock having share float percentage of 67.61%. Investors also watch the number of corporate investors in a company very closely, which is 1338 institutions for Prudential Financial, Inc. that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at PRU for having 37.24 Million shares of worth $2.27 Billion. And as of June 29, 2020, it was holding 9.43% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group, Inc. (The), which was holding about 32.81 Million shares on June 29, 2020. The number of shares represents firm’s hold over 8.31% of outstanding shares, having a total worth of $2Billion.
On the other hand, Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund are the top two Mutual Funds which own company’s shares. As of June 29, 2020, the former fund manager was holding 11250323 shares of worth $685.14 Million or 2.85% of the total outstanding shares. The later fund manager was in possession of 8.19 Million shares on June 29, 2020, making its stake of worth around $498.82 Million in the company or a holder of 2.07% of company’s stock.