Community Bank & Trust Waco Texas Buys 7,423 Shares of Prudential Financial, Inc. (NYSE:PRU)

Community Bank & Trust Waco Texas boosted its holdings in Prudential Financial, Inc. (NYSE:PRU - Free Report) by 19.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 45,860 shares of the financial services provider's stock after buying an additional 7,423 shares during the quarter. Prudential Financial accounts for approximately 1.3% of Community Bank & Trust Waco Texas' holdings, making the stock its 29th biggest position. Community Bank & Trust Waco Texas' holdings in Prudential Financial were worth $5,554,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PRU. National Bank of Canada FI boosted its stake in shares of Prudential Financial by 44.9% in the first quarter. National Bank of Canada FI now owns 230,044 shares of the financial services provider's stock worth $27,327,000 after acquiring an additional 71,274 shares during the last quarter. ORG Partners LLC purchased a new stake in Prudential Financial during the second quarter worth $156,000. Russell Investments Group Ltd. boosted its position in shares of Prudential Financial by 25.0% in the first quarter. Russell Investments Group Ltd. now owns 180,555 shares of the financial services provider's stock worth $21,171,000 after buying an additional 36,159 shares during the period. PGGM Investments raised its position in shares of Prudential Financial by 98.0% during the 2nd quarter. PGGM Investments now owns 64,277 shares of the financial services provider's stock worth $7,533,000 after purchasing an additional 31,807 shares during the period. Finally, State Board of Administration of Florida Retirement System boosted its position in shares of Prudential Financial by 6.6% in the first quarter. State Board of Administration of Florida Retirement System now owns 406,295 shares of the financial services provider's stock worth $47,699,000 after buying an additional 25,196 shares during the period. 56.83% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PRU. Argus raised Prudential Financial to a "strong-buy" rating in a report on Thursday, August 8th. Citigroup lifted their target price on shares of Prudential Financial from $104.00 to $120.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 23rd. Bank of America boosted their price target on shares of Prudential Financial from $109.00 to $118.00 and gave the company a "neutral" rating in a research report on Thursday, October 10th. TD Cowen began coverage on shares of Prudential Financial in a research note on Wednesday, October 9th. They issued a "hold" rating and a $130.00 price target for the company. Finally, Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $121.00 price target on shares of Prudential Financial in a research report on Wednesday, August 21st. One analyst has rated the stock with a sell rating, eleven have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Prudential Financial currently has a consensus rating of "Hold" and an average target price of $123.85.

Prudential Financial Trading Down 0.1 %

Shares of PRU stock traded down $0.16 during trading hours on Wednesday, reaching $125.33. The company's stock had a trading volume of 552,067 shares, compared to its average volume of 1,494,764. Prudential Financial, Inc. has a one year low of $92.57 and a one year high of $129.13. The stock has a market capitalization of $44.62 billion, a P/E ratio of 11.17, a P/E/G ratio of 0.89 and a beta of 1.29. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.60. The firm's fifty day simple moving average is $121.65 and its 200 day simple moving average is $119.02.

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, topping 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 period in the previous year, the business earned $3.44 earnings per share. Equities research analysts expect that Prudential Financial, Inc. will post 13.33 EPS for the current year.

Prudential Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Tuesday, November 19th will be issued a dividend of $1.30 per share. The ex-dividend date is Tuesday, November 19th. This represents a $5.20 annualized dividend and a dividend yield of 4.15%. Prudential Financial's dividend payout ratio (DPR) is presently 46.22%.

Insider Activity at Prudential Financial

In related news, EVP Caroline Feeney sold 1,110 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $119.97, for a total value of $133,166.70. Following the transaction, the executive vice president now owns 10,175 shares of the company's stock, valued at $1,220,694.75. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, EVP Caroline Feeney sold 1,110 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $119.97, for a total value of $133,166.70. Following the transaction, the executive vice president now directly owns 10,175 shares of the company's stock, valued at approximately $1,220,694.75. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Ann M. Kappler sold 2,839 shares of the business's stock in a transaction on Wednesday, August 21st. The stock was 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 owns 14,535 shares in the company, valued at $1,648,705.05. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.31% 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.