Prudential Financial, Inc. $PRU Stock Position Boosted by Blair William & Co. IL

Blair William & Co. IL raised its stake in shares of Prudential Financial, Inc. (NYSE:PRU) by 6.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,554 shares of the financial services provider’s stock after buying an additional 1,781 shares during the period. Blair William & Co. IL’s holdings in Prudential Financial were worth $3,068,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Meeder Asset Management Inc. raised its holdings in shares of Prudential Financial by 90.2% during the first quarter. Meeder Asset Management Inc. now owns 234 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 111 shares during the period. AlphaQuest LLC raised its position in Prudential Financial by 12,250.0% during the first quarter. AlphaQuest LLC now owns 247 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 245 shares in the last quarter. North Capital Inc. bought a new position in Prudential Financial during the first quarter valued at approximately $28,000. Cheviot Value Management LLC bought a new position in Prudential Financial during the first quarter valued at approximately $26,000. Finally, Clearstead Trust LLC grew its holdings in Prudential Financial by 350.8% during the first quarter. Clearstead Trust LLC now owns 266 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 207 shares during the last quarter. 56.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Wolfe Research assumed coverage on shares of Prudential Financial in a research note on Tuesday, September 16th. They issued a “peer perform” rating on the stock. Morgan Stanley lifted their price target on shares of Prudential Financial from $117.00 to $118.00 and gave the company an “equal weight” rating in a report on Tuesday, October 7th. Weiss Ratings restated a “hold (c)” rating on shares of Prudential Financial in a research report on Wednesday, October 8th. JPMorgan Chase & Co. lifted their price target on shares of Prudential Financial from $126.00 to $136.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 8th. Finally, Wells Fargo & Company lowered their price target on shares of Prudential Financial from $116.00 to $113.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 16th. One investment analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $122.27.

Prudential Financial Trading Up 2.1%

PRU stock opened at $101.22 on Tuesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.16 and a current ratio of 0.16. The company’s 50-day simple moving average is $105.14 and its 200 day simple moving average is $104.34. Prudential Financial, Inc. has a 52 week low of $90.38 and a 52 week high of $130.55. The company has a market capitalization of $35.63 billion, a PE ratio of 22.44, a price-to-earnings-growth ratio of 0.88 and a beta of 1.04.

Prudential Financial (NYSE:PRU) last posted its earnings results on Wednesday, January 15th. The financial services provider reported $3.58 EPS for the quarter. Prudential Financial had a net margin of 2.75% and a return on equity of 15.80%. The firm had revenue of $8.35 billion during the quarter. As a group, sell-side analysts anticipate that Prudential Financial, Inc. will post 14.36 earnings per share for the current year.

Prudential Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 11th. Shareholders of record on Tuesday, August 19th were issued a dividend of $1.35 per share. The ex-dividend date was Tuesday, August 19th. This represents a $5.40 annualized dividend and a yield of 5.3%. Prudential Financial’s dividend payout ratio (DPR) is presently 119.73%.

Insider Buying and Selling at Prudential Financial

In other news, EVP Ann M. Kappler sold 4,000 shares of Prudential Financial stock in a transaction on Friday, August 29th. The shares were sold at an average price of $109.65, for a total value of $438,600.00. Following the completion of the sale, the executive vice president owned 21,506 shares in the company, valued at $2,358,132.90. The trade was a 15.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.25% of the stock is owned by corporate insiders.

Prudential Financial Company Profile

Prudential Financial, Inc, together with its subsidiaries, provides insurance, investment management, and other financial products and services in the United States and internationally. It operates through PGIM, Retirement Strategies, Group Insurance, Individual Life, and International Businesses segments.