Oxbow Advisors LLC Purchases Shares of 57,985 Prudential Financial, Inc. $PRU

Oxbow Advisors LLC purchased a new position in shares of Prudential Financial, Inc. (NYSE:PRU) during the 4th quarter, Holdings Channel reports. The fund purchased 57,985 shares of the financial services provider’s stock, valued at approximately $6,545,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sunflower Bank N.A. boosted its position in Prudential Financial by 3.2% during the fourth quarter. Sunflower Bank N.A. now owns 2,911 shares of the financial services provider’s stock valued at $329,000 after purchasing an additional 91 shares during the last quarter. Wetzel Investment Advisors Inc. increased its position in shares of Prudential Financial by 0.9% during the 4th quarter. Wetzel Investment Advisors Inc. now owns 10,022 shares of the financial services provider’s stock worth $1,131,000 after purchasing an additional 94 shares during the last quarter. CIBC Private Wealth Group LLC raised its stake in shares of Prudential Financial by 0.3% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 28,795 shares of the financial services provider’s stock worth $2,987,000 after purchasing an additional 97 shares in the last quarter. Transcend Capital Advisors LLC boosted its holdings in shares of Prudential Financial by 2.4% in the 4th quarter. Transcend Capital Advisors LLC now owns 4,175 shares of the financial services provider’s stock valued at $471,000 after buying an additional 98 shares during the last quarter. Finally, Mindset Wealth Management LLC grew its stake in shares of Prudential Financial by 2.1% in the third quarter. Mindset Wealth Management LLC now owns 4,781 shares of the financial services provider’s stock valued at $496,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 56.83% of the company’s stock.

Prudential Financial Stock Performance

Shares of PRU stock opened at $100.76 on Friday. Prudential Financial, Inc. has a 52 week low of $91.89 and a 52 week high of $119.76. The company has a market capitalization of $34.96 billion, a price-to-earnings ratio of 10.37, a PEG ratio of 1.83 and a beta of 0.86. The company has a 50-day simple moving average of $96.87 and a 200 day simple moving average of $104.57. 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 (NYSE:PRU) last issued its quarterly earnings data on Tuesday, May 5th. The financial services provider reported $3.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.09 by $0.52. Prudential Financial had a net margin of 5.83% and a return on equity of 16.33%. The firm had revenue of $15.23 billion during the quarter, compared to the consensus estimate of $14.10 billion. During the same period last year, the business posted $3.29 earnings per share. On average, sell-side analysts predict that Prudential Financial, Inc. will post 13.66 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. JPMorgan Chase & Co. dropped their price target on shares of Prudential Financial from $133.00 to $127.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 4th. Bank of America decreased their price objective on shares of Prudential Financial from $112.00 to $104.00 and set a “neutral” rating for the company in a research report on Tuesday, April 14th. Barclays upped their target price on shares of Prudential Financial from $89.00 to $90.00 and gave the company an “underweight” rating in a report on Wednesday. BMO Capital Markets reduced their price target on Prudential Financial from $91.00 to $87.00 and set an “underperform” rating for the company in a report on Thursday, April 23rd. Finally, Mizuho boosted their price target on Prudential Financial from $96.00 to $101.00 and gave the stock a “neutral” rating in a research report on Thursday. Nine investment analysts have rated the stock with a Hold rating and six have given a Sell rating to the company’s stock. According to MarketBeat.com, Prudential Financial has a consensus rating of “Reduce” and a consensus target price of $99.92.

Insider Activity at Prudential Financial

In other news, Director Joseph J. Wolk purchased 400 shares of Prudential Financial stock in a transaction that occurred on Wednesday, February 11th. The stock was acquired at an average cost of $105.32 per share, for a total transaction of $42,128.00. Following the purchase, the director directly owned 400 shares of the company’s stock, valued at $42,128. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Thomas D. Stoddard acquired 250 shares of the stock in a transaction on Tuesday, February 17th. The shares were purchased at an average price of $102.97 per share, for a total transaction of $25,742.50. Following the transaction, the director directly owned 250 shares in the company, valued at approximately $25,742.50. This trade represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.05% of the company’s stock.

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.