Ameritas Boosts Stake In Prudential Amid Insider Selling - Top Stocks
Ameritas Advisory Services LLC bought more of Prudential Financial, Inc. (NYSE: PRU). They bought 16,683 shares worth $1,659,000. Their ownership in the company increased by 9.8%. They told the Securities and Exchange Commission about it in a 13F filing.
Prudential Financial has some news for its shareholders. They will receive a quarterly dividend of $1.25 per share on June 15th if they are eligible on May 23rd. That means the annual dividend payout is $5.00 and the annual dividend yield is 6.24%. The ex-dividend date is May 22nd.
Good news for shareholders, but questions arise from insider selling by EVP Andrew F. Sullivan. He sold over 4,000 shares for an average price of $99.20 each, for a total value of over $400,000. Investors wonder how to interpret this when deciding to buy stock.
The Prudential Financial company insiders have only a 0.31% ownership of the entire stock. This means that their selling won't have a big effect on the stock performance.
The current DPR is very high at 5,555.56%. Investors should think about the possible consequences before investing in Prudential Financial. Their dividend yield is good, but only if investors meet certain criteria before the May deadline.
To summarize, Ameritas Advisory Services LLC is optimistic about Prudential Financial Inc. However, some people might be careful because of the recent decisions of top personnel. It's up to individual investors to do their own analysis and decide if they want to trust this financial company. They can look at the numbers and also consider other factors.
Future Of Prudential Financial: Investor And Analyst Views Mixed
Lots of investors have been buying and selling shares in Prudential Financial. Exos TFP Holdings LLC bought $36,000 worth of stocks. Harvest Fund Management Co. Ltd increased their stake by 160.3% in the fourth quarter. Fairfield Bush & CO. and VitalStone Financial LLC both bought new stakes too.
Archer Investment Corp increased its shares in Prudential Financial by 66.7% last quarter. Over half of the stock is owned by institutional investors and hedge funds.
Some experts have different opinions about PRU shares. VNET Group and 92 Resources say it's best to "maintain" shares. JPMorgan Chase & Co says it's "overweight" and predicts PRU shares can reach $114. StockNews.com gave PRU shares a "hold" rating on May 18th.
Prudential Financial will give a dividend to shareholders on June 15th. This is after the company showed earnings data for Q1 on May 2nd. The data showed that they missed the expected EPS. Their actual EPS was $2.66 instead of $3.02.
Investors are still optimistic about Prudential Financial even with mixed opinions. They are waiting for updates on the company's future. Prudential Financial is a big player in the industry, making news exciting.
