1,879 Shares in Prudential Financial, Inc. (NYSE:PRU) Purchased by Signal Advisors Wealth LLC

Signal Advisors Wealth LLC acquired a new position in shares of Prudential Financial, Inc. (NYSE:PRUFree Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,879 shares of the financial services provider’s stock, valued at approximately $221,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Rise Advisors LLC boosted its position in shares of Prudential Financial by 12.6% during the 1st quarter. Rise Advisors LLC now owns 2,900 shares of the financial services provider’s stock valued at $340,000 after acquiring an additional 325 shares during the last quarter. Mather Group LLC. bought a new stake in shares of Prudential Financial during the 1st quarter valued at about $80,000. Emprise Bank bought a new stake in shares of Prudential Financial during the 1st quarter valued at about $205,000. GAMMA Investing LLC boosted its position in shares of Prudential Financial by 10.5% during the 1st quarter. GAMMA Investing LLC now owns 3,214 shares of the financial services provider’s stock valued at $377,000 after acquiring an additional 305 shares during the last quarter. Finally, Los Angeles Capital Management LLC bought a new stake in shares of Prudential Financial during the 1st quarter valued at about $215,000. Hedge funds and other institutional investors own 56.83% of the company’s stock.

Prudential Financial Trading Up 1.2 %

Prudential Financial stock traded up $1.39 during trading hours on Thursday, reaching $117.06. The company had a trading volume of 1,217,615 shares, compared to its average volume of 1,473,234. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.13 and a quick ratio of 0.13. The company has a 50-day moving average price of $115.28 and a 200 day moving average price of $110.08. The firm has a market cap of $42.02 billion, a price-to-earnings ratio of 19.91, a P/E/G ratio of 0.87 and a beta of 1.35. Prudential Financial, Inc. has a 12-month low of $83.34 and a 12-month high of $121.39.

Prudential Financial (NYSE:PRUGet Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $3.12 EPS for the quarter, missing analysts’ consensus estimates of $3.16 by ($0.04). The company had revenue of $15.01 billion during the quarter, compared to analysts’ expectations of $14.50 billion. Prudential Financial had a return on equity of 15.50% and a net margin of 3.76%. Prudential Financial’s revenue for the quarter was up 69.9% on a year-over-year basis. During the same period last year, the firm earned $2.66 earnings per share. Equities analysts forecast that Prudential Financial, Inc. will post 13.41 earnings per share for the current year.

Prudential Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Stockholders of record on Tuesday, May 21st were given a $1.30 dividend. The ex-dividend date was Monday, May 20th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.44%. Prudential Financial’s dividend payout ratio is currently 88.44%.

Insider Transactions at Prudential Financial

In other news, SVP Timothy L. Schmidt sold 5,189 shares of Prudential Financial stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $116.58, for a total value of $604,933.62. Following the sale, the senior vice president now directly owns 12,236 shares in the company, valued at approximately $1,426,472.88. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, SVP Timothy L. Schmidt sold 5,189 shares of Prudential Financial stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $116.58, for a total value of $604,933.62. Following the sale, the senior vice president now directly owns 12,236 shares in the company, valued at approximately $1,426,472.88. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Robert Falzon sold 130,092 shares of Prudential Financial stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $118.57, for a total value of $15,425,008.44. Following the sale, the executive vice president now owns 202,083 shares in the company, valued at $23,960,981.31. The disclosure for this sale can be found here. Corporate insiders own 0.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on PRU. Morgan Stanley lifted their price target on Prudential Financial from $109.00 to $117.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. Keefe, Bruyette & Woods raised their price objective on Prudential Financial from $112.00 to $118.00 and gave the company a “market perform” rating in a report on Wednesday, April 10th. Evercore ISI raised their price objective on Prudential Financial from $115.00 to $116.00 and gave the company an “underperform” rating in a report on Thursday, April 25th. Jefferies Financial Group raised Prudential Financial from a “hold” rating to a “buy” rating and raised their price objective for the company from $121.00 to $143.00 in a report on Wednesday, May 22nd. Finally, Piper Sandler decreased their price objective on Prudential Financial from $125.00 to $121.00 and set a “neutral” rating on the stock in a report on Monday, May 6th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $115.25.

Check Out Our Latest Analysis on Prudential Financial

Prudential Financial Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Prudential Financial (NYSE:PRU)

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