US Bancorp DE Sells 6,124 Shares of Prudential Financial, Inc. $PRU

US Bancorp DE trimmed its holdings in shares of Prudential Financial, Inc. (NYSE:PRU) by 4.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 123,809 shares of the financial services provider’s stock after selling 6,124 shares during the quarter. US Bancorp DE’s holdings in Prudential Financial were worth $12,844,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Darwin Wealth Management LLC purchased a new stake in shares of Prudential Financial in the 2nd quarter worth $36,000. Chilton Capital Management LLC increased its position in Prudential Financial by 146.5% in the third 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 in the last quarter. AlphaCore Capital LLC bought a new position in shares of Prudential Financial in the second quarter worth about $39,000. Capital A Wealth Management LLC lifted its position in shares of Prudential Financial by 4,600.0% during the 2nd quarter. Capital A Wealth Management LLC now owns 376 shares of the financial services provider’s stock valued at $39,000 after buying an additional 368 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC bought a new position in shares of Prudential Financial during the 2nd quarter valued at approximately $51,000. 56.83% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on PRU shares. Evercore lowered their price target on shares of Prudential Financial from $122.00 to $110.00 and set an “in-line” rating on the stock in a report on Thursday, February 5th. Wall Street Zen downgraded shares of Prudential Financial from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Keefe, Bruyette & Woods upped their target price on shares of Prudential Financial from $117.00 to $118.00 and gave the stock a “market perform” rating in a report on Monday, November 3rd. UBS Group raised their price target on Prudential Financial from $111.00 to $116.00 and gave the company a “neutral” rating in a report on Thursday, January 8th. Finally, Mizuho dropped their price objective on Prudential Financial from $126.00 to $113.00 and set a “neutral” rating for the company in a research note on Tuesday, February 10th. One analyst has rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $115.78.

Insider Transactions at Prudential Financial

In related news, Director Joseph J. Wolk bought 400 shares of the business’s stock in a transaction dated Wednesday, February 11th. The shares were purchased at an average price of $105.32 per share, with a total value of $42,128.00. Following the transaction, the director owned 400 shares in the company, valued at $42,128. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Jacques Chappuis purchased 1,000 shares of the stock in a transaction that occurred on Friday, February 6th. The stock was bought at an average price of $100.97 per share, with a total value of $100,970.00. Following the completion of the transaction, the executive vice president owned 1,000 shares of the company’s stock, valued at $100,970. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders have bought 1,408,389 shares of company stock worth $35,154,439. 0.25% of the stock is currently owned by corporate insiders.

Prudential Financial Trading Down 4.0%

PRU stock opened at $98.22 on Friday. The firm has a market cap of $34.18 billion, a PE ratio of 9.82, a price-to-earnings-growth ratio of 1.13 and a beta of 0.97. The firm has a fifty day moving average price of $109.25 and a 200 day moving average price of $107.35. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.16 and a current ratio of 0.16. Prudential Financial, Inc. has a fifty-two week low of $90.38 and a fifty-two week high of $119.76.

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

Prudential Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Tuesday, February 17th will be given a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a yield of 5.7%. This is a boost from Prudential Financial’s previous quarterly dividend of $1.35. The ex-dividend date is Tuesday, February 17th. Prudential Financial’s dividend payout ratio (DPR) is currently 56.00%.

Prudential Financial Profile

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.