Prudential Financial, Inc. $PRU Stock Holdings Lessened by GWN Securities Inc.

GWN Securities Inc. cut its stake in shares of Prudential Financial, Inc. (NYSE:PRU) by 70.4% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,512 shares of the financial services provider’s stock after selling 5,985 shares during the period. GWN Securities Inc.’s holdings in Prudential Financial were worth $271,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Nuveen LLC bought a new position in shares of Prudential Financial during the 1st quarter valued at $90,010,000. Goldman Sachs Group Inc. increased its position in Prudential Financial by 19.2% during the first quarter. Goldman Sachs Group Inc. now owns 4,206,453 shares of the financial services provider’s stock worth $469,777,000 after buying an additional 678,028 shares during the last quarter. Nordea Investment Management AB raised its holdings in Prudential Financial by 49.2% during the second quarter. Nordea Investment Management AB now owns 1,720,781 shares of the financial services provider’s stock valued at $184,192,000 after buying an additional 567,571 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Prudential Financial in the second quarter worth about $28,579,000. Finally, Amundi boosted its stake in shares of Prudential Financial by 14.1% during the 1st quarter. Amundi now owns 1,751,633 shares of the financial services provider’s stock worth $183,571,000 after acquiring an additional 216,119 shares in the last quarter. Institutional investors and hedge funds own 56.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Wolfe Research assumed coverage on Prudential Financial in a report on Tuesday, September 16th. They issued a “peer perform” rating for the company. Wall Street Zen upgraded shares of Prudential Financial from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. JPMorgan Chase & Co. lifted their target price on shares of Prudential Financial from $126.00 to $136.00 and gave the stock a “neutral” rating in a report on Tuesday, July 8th. Piper Sandler decreased their price target on shares of Prudential Financial from $109.00 to $108.00 and set a “neutral” rating for the company in a report on Wednesday, July 16th. Finally, Morgan Stanley raised their price target on Prudential Financial from $117.00 to $118.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 7th. One investment analyst has rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $122.27.

Prudential Financial Price Performance

Shares of Prudential Financial stock opened at $101.18 on Thursday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.16 and a quick ratio of 0.16. The company has a market cap of $35.62 billion, a PE ratio of 22.43, a price-to-earnings-growth ratio of 0.89 and a beta of 1.04. The firm has a fifty day moving average price of $104.37 and a two-hundred day moving average price of $104.29. Prudential Financial, Inc. has a fifty-two week low of $90.38 and a fifty-two week high of $130.55.

Prudential Financial (NYSE:PRU) last announced its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $3.58 EPS for the quarter. Prudential Financial had a net margin of 2.75% and a return on equity of 15.80%. The business had revenue of $8.35 billion during the quarter. 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. Shareholders of record on Tuesday, August 19th were given a $1.35 dividend. The ex-dividend date was Tuesday, August 19th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 5.3%. Prudential Financial’s dividend payout ratio (DPR) is currently 119.73%.

Insider Buying and Selling at Prudential Financial

In other news, EVP Ann M. Kappler sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $109.65, for a total transaction of $438,600.00. Following the sale, the executive vice president directly owned 21,506 shares in the company, valued at approximately $2,358,132.90. The trade was a 15.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.25% of the company’s stock.

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.