Prudential Financial, Inc. $PRU Shares Sold by Hantz Financial Services Inc.

Hantz Financial Services Inc. cut its position in Prudential Financial, Inc. (NYSE:PRU) by 3.5% during the second quarter, HoldingsChannel.com reports. The fund owned 69,665 shares of the financial services provider’s stock after selling 2,535 shares during the period. Hantz Financial Services Inc.’s holdings in Prudential Financial were worth $7,485,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in PRU. Meeder Asset Management Inc. boosted its stake in shares of Prudential Financial by 90.2% in the first quarter. Meeder Asset Management Inc. now owns 234 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 111 shares during the last quarter. Cheviot Value Management LLC acquired a new stake in shares of Prudential Financial in the first quarter worth approximately $26,000. North Capital Inc. purchased a new position in Prudential Financial during the first quarter worth approximately $28,000. AlphaQuest LLC lifted its position in Prudential Financial by 12,250.0% during the first quarter. AlphaQuest LLC now owns 247 shares of the financial services provider’s stock worth $28,000 after buying an additional 245 shares in the last quarter. Finally, Clearstead Trust LLC lifted its position in Prudential Financial by 350.8% during the first quarter. Clearstead Trust LLC now owns 266 shares of the financial services provider’s stock worth $30,000 after buying an additional 207 shares in the last quarter. 56.83% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Prudential Financial

In other news, EVP Ann M. Kappler sold 4,000 shares of Prudential Financial stock in a transaction on Friday, August 29th. The stock was sold at an average price of $109.65, for a total value of $438,600.00. Following the completion of the sale, the executive vice president directly owned 21,506 shares of the company’s stock, valued at approximately $2,358,132.90. The trade was a 15.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.25% of the company’s stock.

Prudential Financial Price Performance

NYSE:PRU opened at $102.97 on Friday. Prudential Financial, Inc. has a 52 week low of $90.38 and a 52 week high of $130.55. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $36.25 billion, a P/E ratio of 14.14, a P/E/G ratio of 0.88 and a beta of 1.04. The stock’s fifty day moving average is $104.29 and its two-hundred day moving average is $104.28.

Prudential Financial (NYSE:PRU) last posted its earnings results on Wednesday, January 15th. The financial services provider reported $3.58 EPS for the quarter. Prudential Financial had a return on equity of 16.98% and a net margin of 4.65%.The company had revenue of $8.35 billion for the quarter. Equities analysts expect that Prudential Financial, Inc. will post 14.36 EPS for the current year.

Prudential Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 11th. Stockholders of record on Tuesday, August 19th were paid a $1.35 dividend. The ex-dividend date of this dividend was Tuesday, August 19th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 5.2%. Prudential Financial’s payout ratio is presently 119.73%.

Analyst Upgrades and Downgrades

PRU has been the topic of a number of analyst reports. Barclays reduced their price objective on Prudential Financial from $120.00 to $117.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 8th. Morgan Stanley lifted their price objective on Prudential Financial from $117.00 to $118.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 7th. Wolfe Research initiated coverage on Prudential Financial in a research report on Tuesday, September 16th. They set a “peer perform” rating on the stock. Wells Fargo & Company reduced their price objective on Prudential Financial from $116.00 to $113.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 16th. Finally, Evercore ISI lifted their price objective on Prudential Financial from $120.00 to $122.00 and gave the stock an “in-line” rating in a research report on Thursday. One equities research analyst has rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $120.64.

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.