Prudential Financial, Inc. (NYSE:PRU) Position Boosted by Hengehold Capital Management LLC

Hengehold Capital Management LLC grew its holdings in shares of Prudential Financial, Inc. (NYSE:PRU) by 2.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,760 shares of the financial services provider’s stock after purchasing an additional 887 shares during the period. Hengehold Capital Management LLC’s holdings in Prudential Financial were worth $4,936,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Bfsg LLC lifted its stake in Prudential Financial by 1.2% during the third quarter. Bfsg LLC now owns 34,472 shares of the financial services provider’s stock valued at $4,175,000 after buying an additional 397 shares in the last quarter. B.O.S.S. Retirement Advisors LLC lifted its stake in Prudential Financial by 2.1% during the third quarter. B.O.S.S. Retirement Advisors LLC now owns 13,765 shares of the financial services provider’s stock valued at $1,667,000 after buying an additional 278 shares in the last quarter. Vontobel Holding Ltd. lifted its stake in Prudential Financial by 0.7% during the third quarter. Vontobel Holding Ltd. now owns 34,617 shares of the financial services provider’s stock valued at $4,192,000 after buying an additional 232 shares in the last quarter. Sumitomo Life Insurance Co. lifted its stake in Prudential Financial by 2.8% during the third quarter. Sumitomo Life Insurance Co. now owns 7,391 shares of the financial services provider’s stock valued at $895,000 after buying an additional 200 shares in the last quarter. Finally, Swedbank AB lifted its stake in Prudential Financial by 4.2% during the third quarter. Swedbank AB now owns 311,700 shares of the financial services provider’s stock valued at $37,747,000 after buying an additional 12,468 shares in the last quarter. Institutional investors own 56.83% of the company’s stock.

Insider Buying and Selling at Prudential Financial

In other news, EVP Ann M. Kappler sold 2,839 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $113.43, for a total value of $322,027.77. Following the sale, the executive vice president now owns 14,535 shares in the company, valued at approximately $1,648,705.05. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, major shareholder Insurance Co Of Ame Prudential acquired 261,059 shares of the stock in a transaction dated Tuesday, October 8th. The shares were acquired at an average price of $27.58 per share, for a total transaction of $7,200,007.22. Following the completion of the purchase, the insider now owns 4,208,549 shares in the company, valued at approximately $116,071,781.42. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Ann M. Kappler sold 2,839 shares of Prudential Financial stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $113.43, for a total transaction of $322,027.77. Following the sale, the executive vice president now owns 14,535 shares in the company, valued at $1,648,705.05. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.31% of the company’s stock.

Prudential Financial Trading Up 1.0 %

Shares of PRU stock opened at $127.03 on Thursday. Prudential Financial, Inc. has a 12 month low of $87.95 and a 12 month high of $128.52. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.65. The business’s 50 day moving average is $118.11 and its two-hundred day moving average is $117.34. The company has a market cap of $45.60 billion, a PE ratio of 21.60, a price-to-earnings-growth ratio of 0.97 and a beta of 1.30.

Prudential Financial (NYSE:PRU) last announced its quarterly earnings results on Thursday, August 1st. The financial services provider reported $3.39 EPS for the quarter, missing the consensus estimate of $3.43 by ($0.04). Prudential Financial had a net margin of 4.86% and a return on equity of 16.00%. The company had revenue of $13.84 billion for the quarter, compared to analyst estimates of $13.78 billion. Equities analysts predict that Prudential Financial, Inc. will post 13.28 EPS for the current year.

Prudential Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Tuesday, August 20th were issued a dividend of $1.30 per share. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $5.20 annualized dividend and a yield of 4.09%. Prudential Financial’s dividend payout ratio (DPR) is presently 88.44%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on PRU shares. UBS Group upped their price objective on shares of Prudential Financial from $112.00 to $119.00 and gave the company a “neutral” rating in a research note on Tuesday, August 13th. Citigroup upped their price objective on shares of Prudential Financial from $104.00 to $120.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. Piper Sandler increased their price target on shares of Prudential Financial from $121.00 to $127.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 2nd. Jefferies Financial Group reduced their price target on shares of Prudential Financial from $143.00 to $141.00 and set a “buy” rating for the company in a research report on Friday, June 28th. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $121.00 price target on shares of Prudential Financial in a research report on Wednesday, August 21st. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $123.69.

About Prudential Financial

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.