Prudential (LON:PRU – Free Report) had its price objective decreased by JPMorgan Chase & Co. from GBX 1,330 ($17.49) to GBX 1,150 ($15.12) in a research report sent to investors on Monday morning, MarketBeat.com reports. JPMorgan Chase & Co. currently has 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 research report on Tuesday, June 25th.
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Prudential Price Performance
Prudential Cuts Dividend
The company also recently declared a dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Thursday, September 5th will be given a dividend of $0.07 per share. This represents a yield of 0.78%. The ex-dividend date of this dividend is Thursday, September 5th. Prudential’s dividend payout ratio (DPR) is 7,083.33%.
Insiders Place Their Bets
In other news, insider George David Sartorel purchased 8,000 shares of the business’s stock in a transaction on Thursday, July 4th. The shares were bought at an average price of GBX 725 ($9.53) per share, with a total value of £58,000 ($76,265.61). In other news, insider Amy Yip purchased 4,222 shares of the business’s stock in a transaction on Tuesday, July 2nd. The shares were bought at an average price of GBX 710 ($9.34) per share, with a total value of £29,976.20 ($39,416.44). Also, insider George David Sartorel purchased 8,000 shares of the business’s stock in a transaction 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). 0.29% of the stock is currently owned by corporate insiders.
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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