Keybank National Association OH Sells 4,998 Shares of Prudential Financial, Inc. $PRU

Keybank National Association OH lessened its position in shares of Prudential Financial, Inc. (NYSE:PRU) by 7.9% during the second quarter, HoldingsChannel.com reports. The fund owned 57,883 shares of the financial services provider’s stock after selling 4,998 shares during the period. Keybank National Association OH’s holdings in Prudential Financial were worth $6,219,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of PRU. Brighton Jones LLC increased its holdings in Prudential Financial by 3.7% during the 4th quarter. Brighton Jones LLC now owns 3,681 shares of the financial services provider’s stock worth $436,000 after acquiring an additional 133 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of Prudential Financial by 3.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 20,771 shares of the financial services provider’s stock worth $2,320,000 after buying an additional 721 shares during the last quarter. Golden State Wealth Management LLC increased its holdings in shares of Prudential Financial by 728.4% in the 1st quarter. Golden State Wealth Management LLC now owns 845 shares of the financial services provider’s stock worth $94,000 after buying an additional 743 shares during the last quarter. Mather Group LLC. increased its holdings in shares of Prudential Financial by 14.6% in the 1st quarter. Mather Group LLC. now owns 1,479 shares of the financial services provider’s stock worth $165,000 after buying an additional 188 shares during the last quarter. Finally, Vontobel Holding Ltd. increased its holdings in shares of Prudential Financial by 1.4% in the 1st quarter. Vontobel Holding Ltd. now owns 34,828 shares of the financial services provider’s stock worth $3,890,000 after buying an additional 472 shares during the last quarter. Institutional investors own 56.83% of the company’s stock.

Insiders Place Their Bets

In other Prudential Financial news, EVP Ann M. Kappler sold 4,000 shares of the stock in a transaction on Friday, August 29th. The shares were sold at an average price of $109.65, for a total transaction of $438,600.00. Following the completion of the sale, the executive vice president owned 21,506 shares of the company’s stock, valued at $2,358,132.90. This represents a 15.68% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.25% of the stock is owned by insiders.

Prudential Financial Trading Up 0.8%

Shares of PRU opened at $103.95 on Friday. The stock has a market capitalization of $36.59 billion, a P/E ratio of 14.28, a PEG ratio of 0.88 and a beta of 1.04. 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 firm has a fifty day simple moving average of $104.17 and a two-hundred day simple moving average of $104.30. Prudential Financial, Inc. has a twelve month low of $90.38 and a twelve month high of $130.55.

Prudential Financial (NYSE:PRU) last announced its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $3.58 earnings per share for the quarter. The business had revenue of $8.35 billion during the quarter. Prudential Financial had a net margin of 4.65% and a return on equity of 16.98%. On average, research analysts anticipate that Prudential Financial, Inc. will post 14.36 EPS for the current year.

Prudential Financial Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on PRU shares. Evercore ISI increased their price target on shares of Prudential Financial from $120.00 to $122.00 and gave the stock an “in-line” rating in a report on Thursday. Wolfe Research assumed coverage on shares of Prudential Financial in a report on Tuesday, September 16th. They set a “peer perform” rating on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Prudential Financial in a report on Wednesday, October 8th. JPMorgan Chase & Co. increased their target price on shares of Prudential Financial from $126.00 to $136.00 and gave the company a “neutral” rating in a report on Tuesday, July 8th. Finally, Wall Street Zen raised shares of Prudential Financial from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. One research analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Prudential Financial has an average rating of “Hold” and a consensus 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.