Capital Advisors Inc. OK Invests $30.23 Million in Prudential Financial, Inc. (NYSE:PRU)

Capital Advisors Inc. OK acquired a new stake in shares of Prudential Financial, Inc. (NYSE:PRU - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 249,594 shares of the financial services provider's stock, valued at approximately $30,226,000. Capital Advisors Inc. OK owned 0.07% of Prudential Financial at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Gladstone Institutional Advisory LLC grew its stake in shares of Prudential Financial by 2.4% in the 3rd quarter. Gladstone Institutional Advisory LLC now owns 4,686 shares of the financial services provider's stock worth $568,000 after buying an additional 109 shares during the last quarter. Stephens Inc. AR boosted its holdings in Prudential Financial by 5.6% in the third quarter. Stephens Inc. AR now owns 102,648 shares of the financial services provider's stock worth $12,431,000 after acquiring an additional 5,480 shares in the last quarter. AustralianSuper Pty Ltd grew its stake in shares of Prudential Financial by 2.3% in the third quarter. AustralianSuper Pty Ltd now owns 1,265,996 shares of the financial services provider's stock worth $153,312,000 after acquiring an additional 28,459 shares during the last quarter. Palumbo Wealth Management LLC increased its holdings in shares of Prudential Financial by 13.6% during the third quarter. Palumbo Wealth Management LLC now owns 3,776 shares of the financial services provider's stock valued at $457,000 after acquiring an additional 451 shares in the last quarter. Finally, Goldstone Financial Group LLC purchased a new position in shares of Prudential Financial in the 3rd quarter worth about $427,000. Institutional investors own 56.83% of the company's stock.

Prudential Financial Stock Performance

Shares of PRU traded down $1.20 on Friday, reaching $121.28. The company's stock had a trading volume of 1,992,051 shares, compared to its average volume of 1,305,887. Prudential Financial, Inc. has a 12-month low of $89.90 and a 12-month high of $128.52. The stock has a market capitalization of $43.30 billion, a P/E ratio of 10.78, a PEG ratio of 0.93 and a beta of 1.29. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.14 and a quick ratio of 0.13. The stock's 50 day simple moving average is $121.10 and its two-hundred day simple moving average is $118.32.

Prudential Financial (NYSE:PRU - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $3.48 EPS for the quarter, topping the consensus estimate of $3.47 by $0.01. The firm had revenue of $19.48 billion during the quarter, compared to analyst estimates of $14.57 billion. Prudential Financial had a return on equity of 15.30% and a net margin of 6.03%. During the same period in the prior year, the business posted $3.44 EPS. Research analysts forecast that Prudential Financial, Inc. will post 13.32 earnings per share for the current fiscal year.

Prudential Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Tuesday, August 20th were paid a dividend of $1.30 per share. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.29%. Prudential Financial's dividend payout ratio (DPR) is presently 46.22%.

Insider Buying and Selling

In other news, major shareholder Insurance Co Of Ame Prudential purchased 261,059 shares of the company's stock in a transaction on Tuesday, October 8th. The stock was acquired at an average cost of $27.58 per share, for a total transaction of $7,200,007.22. Following the completion of the transaction, the insider now directly owns 4,208,549 shares in the company, valued at $116,071,781.42. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Prudential Financial news, major shareholder Insurance Co Of Ame Prudential acquired 261,059 shares of the stock in a transaction dated Tuesday, October 8th. The shares were acquired at an average cost of $27.58 per share, for a total transaction of $7,200,007.22. Following the completion of the transaction, the insider now directly owns 4,208,549 shares of the company's stock, valued at approximately $116,071,781.42. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Ann M. Kappler sold 2,839 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $113.43, for a total value of $322,027.77. Following the sale, the executive vice president now owns 14,535 shares of the company's stock, valued at $1,648,705.05. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.31% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PRU. Piper Sandler raised their price objective on shares of Prudential Financial from $121.00 to $127.00 and gave the company a "neutral" rating in a research note on Wednesday, October 2nd. Barclays raised their price target on shares of Prudential Financial from $118.00 to $119.00 and gave the company an "equal weight" rating in a research report on Friday. UBS Group increased their target price on Prudential Financial from $112.00 to $119.00 and gave the company a "neutral" rating in a research note on Tuesday, August 13th. Bank of America boosted their price target on Prudential Financial from $109.00 to $118.00 and gave the stock a "neutral" rating in a research note on Thursday, October 10th. Finally, Argus raised Prudential Financial to a "strong-buy" rating in a research report on Thursday, August 8th. 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 issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $123.77.

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.