Ramirez Asset Management Inc. Sells 8,805 Shares of Prudential Financial, Inc. $PRU

Ramirez Asset Management Inc. decreased its holdings in Prudential Financial, Inc. (NYSE:PRU) by 95.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 432 shares of the financial services provider’s stock after selling 8,805 shares during the period. Ramirez Asset Management Inc.’s holdings in Prudential Financial were worth $45,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of PRU. Chilton Capital Management LLC lifted its position in shares of Prudential Financial by 146.5% during the 3rd quarter. Chilton Capital Management LLC now owns 350 shares of the financial services provider’s stock worth $36,000 after buying an additional 208 shares during the last quarter. Darwin Wealth Management LLC bought a new position in Prudential Financial in the second quarter valued at about $36,000. AlphaCore Capital LLC acquired a new position in Prudential Financial during the second quarter worth about $39,000. Capital A Wealth Management LLC raised its stake in Prudential Financial by 4,600.0% during the second quarter. Capital A Wealth Management LLC now owns 376 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 368 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC bought a new position in shares of Prudential Financial in the second quarter worth about $51,000. Institutional investors and hedge funds own 56.83% of the company’s stock.

Insider Buying and Selling

In other news, Director Joseph J. Wolk purchased 400 shares of the business’s stock in a transaction on Wednesday, February 11th. The shares were acquired at an average price of $105.32 per share, for a total transaction of $42,128.00. Following the completion of the acquisition, the director owned 400 shares in the company, valued at approximately $42,128. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Jacques Chappuis acquired 1,000 shares of the firm’s stock in a transaction dated Friday, February 6th. The shares were purchased at an average price of $100.97 per share, with a total value of $100,970.00. Following the acquisition, the executive vice president owned 1,000 shares of the company’s stock, valued at approximately $100,970. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders acquired a total of 1,408,389 shares of company stock worth $35,154,439 over the last 90 days. 0.25% of the stock is owned by company insiders.

Prudential Financial Stock Performance

NYSE:PRU opened at $97.08 on Friday. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.58. Prudential Financial, Inc. has a twelve month low of $90.38 and a twelve month high of $119.76. The company has a fifty day moving average of $107.68 and a 200-day moving average of $107.07. The firm has a market capitalization of $33.78 billion, a P/E ratio of 9.71, a P/E/G ratio of 1.14 and a beta of 0.98.

Prudential Financial (NYSE:PRU) last issued its earnings results on Tuesday, February 3rd. The financial services provider reported $3.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.37 by ($0.07). Prudential Financial had a return on equity of 16.32% and a net margin of 6.20%.The company had revenue of $15.69 billion for the quarter, compared to the consensus estimate of $14.48 billion. During the same period in the prior year, the company earned $2.96 earnings per share. As a group, sell-side analysts anticipate that Prudential Financial, Inc. will post 14.36 EPS for the current year.

Prudential Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Tuesday, February 17th will be given a dividend of $1.40 per share. This is a boost from Prudential Financial’s previous quarterly dividend of $1.35. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $5.60 dividend on an annualized basis and a dividend yield of 5.8%. Prudential Financial’s payout ratio is currently 56.00%.

More Prudential Financial News

Here are the key news stories impacting Prudential Financial this week:

• Positive Sentiment: Dividend/total-return narratives and bullish dividend-appeal articles remind income-focused investors of PRU’s attractive yield and could support buying interest. Prudential (PRU) Could Be a Great Choice
• Neutral Sentiment: Analyst consensus sits around “Hold” and coverage notes the stock’s recent weakness; this provides little directional catalyst but frames expectations. Prudential Financial, Inc. (NYSE:PRU) Receives Average Recommendation of “Hold” from Analysts
• Neutral Sentiment: Options-market flow has shown elevated activity, signaling increased volatility expectations but not a clear directional bet — watch implied vol and large strikes for clues to near-term moves. Is the Options Market Predicting a Spike in PRU Stock?
• Negative Sentiment: Prudential’s Japanese subsidiary reported employees improperly removed/shared information with contracted agencies — a data-handling incident that creates operational, regulatory and reputational risk in Asia and is a clear near-term negative for sentiment. Prudential Japan Subsidiary Finds Employees Improperly Shared Information
• Negative Sentiment: Follow-ups and regional updates (Prudential Gibraltar/Japan) provide more detail on the scope (multiple seconded employees implicated), reinforcing uncertainty around compliance and potential costs. Prudential Gibraltar Addresses Data Handling Incident in Japan
• Negative Sentiment: Recent analyst moves have trimmed targets: Morgan Stanley cut its PRU price target (and kept an Equal Weight) and Wells Fargo downgraded to Underweight and lowered its target — analyst downgrades reduce buying conviction and can pressure the stock. Morgan Stanley Reduces Prudential Financial (PRU) Price Target after Updating Insurance Estimates
• Negative Sentiment: Wells Fargo’s downgrade and lower target (cites lack of near-term catalysts) adds to the sell-side pressure and helps explain recent share weakness. Wells Fargo Downgrades Prudential Financial, Inc. (PRU) to Underweight and Lowers its Price Target to $103

Analyst Ratings Changes

Several brokerages recently issued reports on PRU. Wall Street Zen lowered shares of Prudential Financial from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. Wells Fargo & Company downgraded shares of Prudential Financial from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $115.00 to $103.00 in a research note on Wednesday, February 25th. Piper Sandler raised their target price on shares of Prudential Financial from $110.00 to $120.00 and gave the company a “neutral” rating in a research report on Tuesday, December 23rd. Evercore reaffirmed a “negative” rating on shares of Prudential Financial in a research note on Friday. Finally, JPMorgan Chase & Co. dropped their price target on Prudential Financial from $133.00 to $127.00 and set a “neutral” rating for the company in a research note on Wednesday, February 4th. One research analyst has rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $115.00.

About Prudential Financial

Prudential Financial, Inc, headquartered in Newark, New Jersey, is a diversified financial services company with roots dating to 1875. The firm provides a range of insurance, retirement and investment products aimed at helping individual and institutional clients manage risk, accumulate and protect wealth, and plan for retirement. Prudential’s long history in life insurance and related financial services has positioned it as a major participant in the U.S. insurance market and a provider of services to a broad client base.

Prudential’s core business activities include individual life insurance, annuities, retirement solutions and group insurance products for employers.