PRU - Prudential Financial, Inc.
104.68 0.00 (0.00%)
After hours: 5:15PM EDT
| Previous Close | 104.23 |
| Open | 104.63 |
| Bid | 98.76 x 1100 |
| Ask | 105.00 x 2200 |
| Day's Range | 103.62 - 104.93 |
| 52 Week Range | 92.05 - 127.14 |
| Volume | 2,555,137 |
| Avg. Volume | 1,796,362 |
| Market Cap | 43.726B |
| Beta | 1.57 |
| PE Ratio (TTM) | 6.03 |
| EPS (TTM) | 17.36 |
| Earnings Date | Nov 7, 2018 |
| Forward Dividend & Yield | 3.60 (3.61%) |
| Ex-Dividend Date | 2018-08-20 |
| 1y Target Est | 118.87 |
- Bloomberg•8 hours ago
Too Early to Panic on S. Africa Land, SARB Prudential Head Says
The South African ruling party’s plan to make it easier to take land without compensation could have an impact on financial-sector stability but it’s “too early to panic,” said Kuben Naidoo, the head of the Prudential Authority, which regulates banks. The ruling African National Congress supports changing the constitution to make it easier to expropriate land, adding to emerging-market jitters that have knocked the country’s assets. While the party sees the change as a way to speed up redressing racially skewed ownership patterns dating back to apartheid, critics say it could erode property rights and lead to Zimbabwe-style land grabs.
Markit•12 hours agoSee what the IHS Markit Score report has to say about Prudential Financial Inc.
This could indicate that investors who seek to profit from falling equity prices are not currently targeting PRU. Over the last month, growth of ETFs holding PRU is favorable, with net inflows of $15.19 billion.
- Business Wire•yesterday
PGIM Real Estate hires Vincent Chew as portfolio manager
Vincent Chew has joined PGIM Real Estate as an executive director and portfolio manager for PGIM Real Estate’s core investment strategy in Asia. PGIM Real Estate is the real estate investment business of PGIM, the $1 trillion global investment management businesses of U.S.-headquartered Prudential Financial, Inc.
- Business Wire•2 days ago
Europe’s elder boom and baby bust: Leaders seek innovation to improve retirement security
Europe’s rising longevity and falling birthrates are pressuring its retirement systems like never before, as its elderly populations grow relative to its working-age populations. “Longer life is a gift, but it creates real and profound implications for pension schemes and retirement plans that help people live dignified lives as they grow older,” said Professor David Blake of the Pensions Institute at Cass Business School in the United Kingdom. To tackle such issues, Professor Blake created and hosts the annual International Longevity Risk and Capital Markets Solutions Conference, referred to this year as “Longevity 14.” This year’s conference, the leading gathering on longevity issues for pension, insurance, capital market, actuarial and academic professionals, as well as policymakers, takes place on September 20-21 in Amsterdam.
Reuters•2 days agoGoldman Sachs nears deal to sell its fintech app: source
(Reuters) - Goldman Sachs is in advanced talks with several financial companies to spin off its three-year-old app, Simon, which sells complex financial products to retail investors, a source familiar ...
- CNBC•2 days ago
Goldman shares rise as rivals line up to take stakes in bank's 'Simon' investing app
The Wall Street firm has been mulling a spinoff of the app, called Simon, which it developed as a way to sell bond-like investment products to retail investors through brokers.
- Reuters•2 days ago
Goldman Sachs nears deal to sell its fintech app - WSJ
Goldman Sachs is in advanced talks with several financial companies to spin off 'Simon', its three-year-old app that sells financial products to retail investors, the Wall Street Journal reported https://on.wsj.com/2OzaWmf ...
- Reuters•2 days ago
BRIEF-Goldman Sachs Nears Deal To Spin Off 'Simon' App - WSJ
Sept 19 (Reuters) - * GOLDMAN SACHS NEARS DEAL TO SPIN OFF 'SIMON' APP - WSJ, CITING SOURCES * DEAL BEING DISCUSSED WOULD VALUE GOLDMAN'S SIMON APP AT ABOUT $100 MILLION; DEAL LIKELY TO BE FINALIZED IN ...
- The Wall Street Journal•2 days ago
[$$] Prudential Names New Finance Chief
Prudential Financial named new executives, including a new chief financial officer, about a week after announcing its chief executive would step down.
- Business Wire•3 days ago
Prudential Financial announces additional appointments as part of leadership succession plan
Scott Sleyster appointed EVP and Head of International Businesses
- Business Wire•3 days ago
A.M. Best Assigns Issue Credit Rating to Prudential Financial, Inc.’s Junior Subordinated Notes
A.M. Best has assigned a Long-Term Issue Credit Rating of “bbb” to the newly issued $1 billion 5.7% junior subordinated notes due 2048 of Prudential Financial, Inc. (PFI) (Newark, NJ) [NYSE: PRU]. The outlook assigned to this Credit Rating (rating) is stable. While this issuance is expected to have a modest short-term negative impact on PFI's financial leverage and interest coverage ratios, both remain within A.M. Best's guidelines for the organization's current ratings.
- Business Wire•3 days ago
PGIM names Kathy Sayko chief inclusion and diversity officer
PGIM has named Kathy Sayko as its next chief inclusion and diversity officer, effective Sept. 12. Sayko will succeed Cathy Verhoff, who is retiring at the end of the year. PGIM, among the world’s top 10 asset managers with $1.2 trillion in assets under management as of June 30, 2018, is the global investment management business of U.S.-based Prudential Financial, Inc.
Markit•3 days agoSee what the IHS Markit Score report has to say about Prudential Financial Inc.
Prudential Financial Inc NYSE:PRU
- Business Wire•4 days ago
One-third of Americans don’t have an accurate perception of their finances, Prudential’s Financial Wellness Census reveals
One-third of Americans do not have an accurate handle on the state of their own finances, thinking they are either better or worse off than they actually are, finds new research released by Prudential Financial, Inc. (NYSE: PRU). The company’s first-ever Financial Wellness Census™ also reveals a nation almost evenly split between people who are financially healthy and those who are struggling. “Our relationship with money can affect our physical health, stress levels and state of mind, family dynamics and even our performance at work,” says Stephen Pelletier, executive vice president and chief operating officer of Prudential’s U.S.-based businesses.
- Moody's•8 days ago
Prudential Financial, Inc. -- Moody's rates Prudential junior sub debt at Baa2(hyb)
NYSE:PRU, senior unsecured debt at Baa1, positive) anticipated issuance of up to $1 billion of 30-year junior subordinated notes. The rating outlook for Prudential and its subsidiaries is positive. The issuance will likely increase Prudential's financial and total leverage and decrease its coverage metrics somewhat, but within Moody's rating expectations.
- Business Wire•8 days ago
QMA global investment teams expand with Lorne Johnson, Patrick McDonough
QMA continues to expand its investment platform with the addition of two new client portfolio managers, responsible for portfolio analysis and research for its Global Multi-Asset Solutions and Quantitative Equity teams. QMA is the quantitative equity and global multi-asset solutions business of PGIM, the $1 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).
- CNBC•9 days ago
Cramer's lightning round: I'm not the call on how to play Roku
Jim Cramer rattles off his take on callers' favorite stocks, including a streaming play that he's gotten wrong in the past.
- The Wall Street Journal•9 days ago
[$$] Prudential CEO to Retire in November
Prudential Financial said CEO John Strangfeld will retire at the end of November and be succeeded by Charles Lowrey, chief operating officer of the company’s international businesses.
Yahoo Finance•9 days agoPrudential’s CEO to retire, Nielsen may be sold, Tiffany gets upgraded
Prudential, Nielsen, Tiffany & Co, Tesla and Uber are the companies to watch.
- CNBC•9 days ago
Stocks making the biggest move premarket: AAPL, NIO, GILD, TEVA, BMY & more
These are the stocks posting the largest moves before the bell.
- American City Business Journals•10 days ago
Dallas investment firm readies first $343M debt fund for oil and gas drillers
Dallas investment firm Prudential Capital Energy Partners has raised $343 million for its first fund to offer a unique kind of low-cost debt to oil and gas drillers.
- MarketWatch•10 days ago
Prudential CEO to retire after 10 years in the role
Prudential Financial Inc. said Wednesday Chief Executive John Strangfeld will retire, effective Nov. 30, after about 10 years in the role. The insurer said Charles Lowrey, who has been chief operating officer since April 2014, will be the next CEO. Strangfeld will remain non-executive chairman until April 5, 2019, after which Lowrey will assume the role of chairman. Separately, the company said named Chief Financial Officer Robert Falzon as vice chairman, to succeed current Vice Chairman Mark Grier in December 2018. Grier, who joined the company as CFO in May 1995, will step down from the board of directors in August 2019. The stock was indicated fractionally lower in premarket trade. It has lost 15.1% year to date through Tuesday, while the SPDR S&P Insurance ETF has gained 3.8% and the S&P 500 has advanced 8.0%.
- Business Wire•10 days ago
Prudential Financial announces leadership succession
Prudential Financial, Inc. (NYSE:PRU) today announced that its Board of Directors has appointed Charles Lowrey as the company’s next CEO and member of the Board, effective December 1, 2018. Lowrey, who currently serves as executive vice president and chief operating officer, International Businesses of Prudential, will succeed John Strangfeld, who will retire as CEO on November 30, 2018.
- The Wall Street Journal•10 days ago
[$$] Prudential Unit Raises $343 Million for First Energy Mezzanine Fund
The unit, Prudential Capital Energy Partners, is sponsored by Prudential Capital Group, the private-capital arm of Prudential Financial Inc.’s global investment-management business.
- CNBC Videos•2 days ago
Final Trades: INTC, OIH & more
The "Fast Money" traders share their final trades of the day, including Intel, the OIH oil ETF, Red Hat and Prudential.
