Hall Kathryn A. bought a new stake in Prudential Financial Inc (NYSE:PRU) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 17,525 shares of the financial services provider’s stock, valued at approximately $1,639,000. Prudential Financial comprises 1.4% of Hall Kathryn A.’s investment portfolio, making the stock its 3rd biggest position.
Several other institutional investors have also recently bought and sold shares of PRU. Federated Investors Inc. PA lifted its stake in Prudential Financial by 3.1% during the second quarter. Federated Investors Inc. PA now owns 625,737 shares of the financial services provider’s stock worth $58,513,000 after purchasing an additional 18,602 shares during the last quarter. MUFG Americas Holdings Corp grew its holdings in Prudential Financial by 100.0% during the 2nd quarter. MUFG Americas Holdings Corp now owns 12,989 shares of the financial services provider’s stock worth $1,214,000 after acquiring an additional 6,495 shares during the period. Oarsman Capital Inc. grew its stake in shares of Prudential Financial by 3.6% in the 2nd quarter. Oarsman Capital Inc. now owns 26,860 shares of the financial services provider’s stock valued at $2,512,000 after buying an additional 931 shares during the period. Riverhead Capital Management LLC grew its stake in shares of Prudential Financial by 9.4% in the 2nd quarter. Riverhead Capital Management LLC now owns 50,949 shares of the financial services provider’s stock valued at $4,764,000 after buying an additional 4,369 shares during the period. Finally, Credit Agricole S A grew its stake in shares of Prudential Financial by 3.2% in the 2nd quarter. Credit Agricole S A now owns 58,026 shares of the financial services provider’s stock valued at $5,425,000 after buying an additional 1,800 shares during the period. 63.58% of the stock is currently owned by institutional investors.
NYSE PRU opened at $97.08 on Friday. Prudential Financial Inc has a 52-week low of $92.05 and a 52-week high of $127.14. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.34. The firm has a market cap of $40.36 billion, a PE ratio of 8.21, a P/E/G ratio of 0.89 and a beta of 1.49.
Prudential Financial (NYSE:PRU) last posted its quarterly earnings data on Wednesday, August 1st. The financial services provider reported $3.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.08 by ($0.07). The company had revenue of $13.04 billion for the quarter, compared to the consensus estimate of $14.19 billion. Prudential Financial had a return on equity of 9.98% and a net margin of 13.16%. During the same period in the prior year, the firm posted $2.09 earnings per share. equities analysts expect that Prudential Financial Inc will post 12.14 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 13th. Shareholders of record on Tuesday, August 21st were paid a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 3.71%. The ex-dividend date of this dividend was Monday, August 20th. Prudential Financial’s dividend payout ratio is presently 34.03%.
PRU has been the subject of several research reports. Goldman Sachs Group upgraded Prudential Financial from a “neutral” rating to a “buy” rating and reduced their target price for the company from $117.00 to $114.00 in a research note on Monday, June 4th. Zacks Investment Research raised shares of Prudential Financial from a “hold” rating to a “buy” rating and set a $111.00 price target on the stock in a research report on Monday, June 4th. ValuEngine cut shares of Prudential Financial from a “sell” rating to a “strong sell” rating in a research report on Friday, June 29th. Barclays dropped their target price on shares of Prudential Financial from $135.00 to $130.00 and set an “overweight” rating on the stock in a research report on Monday, July 9th. Finally, B. Riley decreased their price target on shares of Prudential Financial from $129.00 to $116.00 and set a “buy” rating for the company in a research note on Monday, July 16th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $116.43.
About Prudential Financial
Prudential Financial, Inc, through its subsidiaries, provides insurance, investment management, and other financial products and services in the United States and internationally. It operates through U.S. Individual Solutions, U.S. Workplace Solutions, Investment Management, and International Insurance divisions.
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