PDS Planning Inc Acquires 125 Shares of Prudential Financial, Inc. (NYSE:PRU)

PDS Planning Inc lifted its holdings in Prudential Financial, Inc. (NYSE:PRU) by 6.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,043 shares of the financial services provider’s stock after purchasing an additional 125 shares during the period. PDS Planning Inc’s holdings in Prudential Financial were worth $247,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of PRU. Creekmur Asset Management LLC raised its stake in shares of Prudential Financial by 78.8% in the 1st quarter. Creekmur Asset Management LLC now owns 245 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 108 shares in the last quarter. Lynx Investment Advisory bought a new position in shares of Prudential Financial in the second quarter valued at approximately $29,000. Crewe Advisors LLC bought a new stake in shares of Prudential Financial during the 1st quarter worth $33,000. ESL Trust Services LLC acquired a new position in Prudential Financial in the 1st quarter valued at $34,000. Finally, Bank & Trust Co bought a new position in Prudential Financial in the 2nd quarter worth $37,000. 56.83% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Prudential Financial news, EVP Ann M. Kappler sold 2,839 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $113.43, for a total value of $322,027.77. Following the transaction, the executive vice president now directly owns 14,535 shares of the company’s stock, valued at $1,648,705.05. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Ann M. Kappler sold 2,839 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $113.43, for a total transaction of $322,027.77. Following the completion of the transaction, the executive vice president now directly owns 14,535 shares in the company, valued at $1,648,705.05. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Insurance Co Of Ame Prudential purchased 261,059 shares of the company’s stock in a transaction dated Tuesday, October 8th. The stock was purchased at an average price of $27.58 per share, with a total value of $7,200,007.22. Following the completion of the purchase, the insider now directly owns 4,208,549 shares in the company, valued at $116,071,781.42. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. 0.34% of the stock is owned by company insiders.

Prudential Financial Trading Down 0.4 %

PRU stock opened at $120.18 on Wednesday. The stock has a market cap of $42.78 billion, a price-to-earnings ratio of 10.68, a price-to-earnings-growth ratio of 0.86 and a beta of 1.29. The company has a fifty day moving average price of $121.20 and a two-hundred day moving average price of $118.55. Prudential Financial, Inc. has a one year low of $89.90 and a one year high of $128.52. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.14 and a quick ratio of 0.14.

Prudential Financial (NYSE:PRU) last released its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $3.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.47 by $0.01. Prudential Financial had a return on equity of 15.30% and a net margin of 6.03%. The business had revenue of $19.48 billion during the quarter, compared to the consensus estimate of $14.57 billion. During the same period in the previous year, the company posted $3.44 EPS. Equities analysts anticipate that Prudential Financial, Inc. will post 13.32 EPS for the current year.

Prudential Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Tuesday, November 19th will be issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 4.33%. Prudential Financial’s dividend payout ratio (DPR) is currently 46.22%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on PRU. Morgan Stanley dropped their price objective on Prudential Financial from $123.00 to $122.00 and set an “equal weight” rating on the stock in a research note on Monday, August 19th. Bank of America lifted their price target on Prudential Financial from $109.00 to $118.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Argus raised Prudential Financial to a “strong-buy” rating in a research report on Thursday, August 8th. TD Cowen initiated coverage on shares of Prudential Financial in a research report on Wednesday, October 9th. They set a “hold” rating and a $130.00 target price on the stock. Finally, Wells Fargo & Company increased their price target on shares of Prudential Financial from $116.00 to $117.00 and gave the company an “equal weight” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Prudential Financial has a consensus rating of “Hold” and an average target price of $123.85.

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.