Prudential Financial, Inc. (NYSE:PRU) Shares Purchased by Barclays PLC

Barclays PLC lifted its position in Prudential Financial, Inc. (NYSE:PRU - Free Report) by 11.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,062,776 shares of the financial services provider's stock after purchasing an additional 105,089 shares during the quarter. Barclays PLC owned about 0.30% of Prudential Financial worth $128,700,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Ashton Thomas Securities LLC acquired a new stake in Prudential Financial during the third quarter worth about $31,000. Strategic Financial Concepts LLC grew its holdings in Prudential Financial by 1,312.4% during the second quarter. Strategic Financial Concepts LLC now owns 26,934 shares of the financial services provider's stock worth $32,000 after acquiring an additional 25,027 shares during the period. Quarry LP grew its holdings in Prudential Financial by 376.3% during the third quarter. Quarry LP now owns 281 shares of the financial services provider's stock worth $34,000 after acquiring an additional 222 shares during the period. Hobbs Group Advisors LLC acquired a new stake in Prudential Financial during the second quarter worth about $38,000. Finally, Tompkins Financial Corp grew its holdings in Prudential Financial by 61.7% during the third quarter. Tompkins Financial Corp now owns 367 shares of the financial services provider's stock worth $44,000 after acquiring an additional 140 shares during the period. 56.83% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Prudential Financial

In other news, major shareholder Insurance Co Of Ame Prudential acquired 537,249 shares of the business's stock in a transaction that occurred on Monday, November 25th. The shares were purchased at an average price of $27.92 per share, for a total transaction of $14,999,992.08. Following the acquisition, the insider now owns 4,780,293 shares of the company's stock, valued at $133,465,780.56. This represents a 12.66 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.34% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on PRU. Evercore ISI raised Prudential Financial from an "underperform" rating to an "inline" rating and raised their target price for the stock from $117.00 to $140.00 in a report on Thursday, November 14th. Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $121.00 price objective on shares of Prudential Financial in a report on Wednesday, August 21st. Barclays raised their price objective on Prudential Financial from $118.00 to $119.00 and gave the company an "equal weight" rating in a report on Friday, November 1st. Jefferies Financial Group raised their price objective on Prudential Financial from $149.00 to $152.00 and gave the company a "buy" rating in a report on Tuesday. Finally, TD Cowen raised their price objective on Prudential Financial from $130.00 to $133.00 and gave the company a "hold" rating in a report on Wednesday, November 27th. Eleven analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Prudential Financial currently has an average rating of "Hold" and a consensus price target of $126.33.

Prudential Financial Trading Down 1.0 %

NYSE:PRU traded down $1.18 on Wednesday, reaching $120.06. The company's stock had a trading volume of 1,995,491 shares, compared to its average volume of 1,496,584. Prudential Financial, Inc. has a 12-month low of $100.60 and a 12-month high of $130.55. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.60. The firm has a market cap of $42.74 billion, a price-to-earnings ratio of 10.70, a price-to-earnings-growth ratio of 0.91 and a beta of 1.29. The stock has a 50 day moving average price of $124.98 and a 200 day moving average price of $120.44.

Prudential Financial (NYSE:PRU - Get Free Report) last posted its earnings results on Wednesday, October 30th. The financial services provider reported $3.48 EPS for the quarter, beating analysts' consensus estimates of $3.47 by $0.01. Prudential Financial had a return on equity of 15.30% and a net margin of 6.03%. The company had revenue of $19.48 billion for the quarter, compared to the consensus estimate of $14.57 billion. During the same quarter in the previous year, the business earned $3.44 earnings per share. On average, equities analysts anticipate that Prudential Financial, Inc. will post 13.35 EPS for the current fiscal year.

Prudential Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Tuesday, November 19th will be issued a $1.30 dividend. The ex-dividend date is Tuesday, November 19th. This represents a $5.20 annualized dividend and a dividend yield of 4.33%. Prudential Financial's dividend payout ratio is presently 46.22%.

Prudential Financial Profile

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.