Prudential Financial, Inc. (NYSE:PRU) EVP Purchases $14,578.29 in Stock

Prudential Financial, Inc. (NYSE:PRU - Get Free Report) EVP Caroline Feeney bought 129 shares of the business's stock in a transaction on Thursday, September 12th. The stock was bought at an average price of $113.01 per share, with a total value of $14,578.29. Following the purchase, the executive vice president now owns 10,429 shares in the company, valued at $1,178,581.29. This trade represents a 1.25 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Prudential Financial Trading Up 2.8 %

Shares of PRU traded up $3.08 during mid-day trading on Monday, reaching $113.35. The company's stock had a trading volume of 1,744,976 shares, compared to its average volume of 1,433,769. Prudential Financial, Inc. has a 52 week low of $104.45 and a 52 week high of $130.55. The stock has a market cap of $40.58 billion, a PE ratio of 15.17, a P/E/G ratio of 0.98 and a beta of 1.28. The company's fifty day moving average price is $113.51 and its two-hundred day moving average price is $119.00. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.68.

Prudential Financial (NYSE:PRU - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The financial services provider reported $2.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.36 by ($0.40). Prudential Financial had a net margin of 4.01% and a return on equity of 15.86%. On average, analysts predict that Prudential Financial, Inc. will post 14.36 earnings per share for the current fiscal year.

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Prudential Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Tuesday, February 18th were paid a $1.35 dividend. This is a boost from Prudential Financial's previous quarterly dividend of $1.30. This represents a $5.40 dividend on an annualized basis and a yield of 4.76%. The ex-dividend date of this dividend was Tuesday, February 18th. Prudential Financial's payout ratio is 72.29%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PRU. Empowered Funds LLC raised its position in shares of Prudential Financial by 8.2% in the 3rd quarter. Empowered Funds LLC now owns 11,404 shares of the financial services provider's stock worth $1,381,000 after acquiring an additional 861 shares in the last quarter. Caprock Group LLC raised its holdings in Prudential Financial by 5.2% in the third quarter. Caprock Group LLC now owns 9,679 shares of the financial services provider's stock worth $1,172,000 after purchasing an additional 479 shares in the last quarter. Prospera Financial Services Inc lifted its position in Prudential Financial by 3.9% during the third quarter. Prospera Financial Services Inc now owns 8,466 shares of the financial services provider's stock valued at $1,026,000 after buying an additional 318 shares during the period. Fifth Third Wealth Advisors LLC grew its position in shares of Prudential Financial by 69.7% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 6,252 shares of the financial services provider's stock worth $757,000 after buying an additional 2,567 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Prudential Financial in the 3rd quarter worth about $2,876,000. Institutional investors own 56.83% of the company's stock.

Analyst Upgrades and Downgrades

PRU has been the subject of several recent analyst reports. Barclays boosted their price objective on shares of Prudential Financial from $128.00 to $134.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 5th. BMO Capital Markets began coverage on shares of Prudential Financial in a report on Thursday, January 23rd. They issued an "underperform" rating and a $101.00 price target on the stock. Wells Fargo & Company lifted their price objective on Prudential Financial from $113.00 to $118.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 19th. Jefferies Financial Group upped their target price on Prudential Financial from $149.00 to $152.00 and gave the stock a "buy" rating in a research note on Tuesday, December 10th. Finally, TD Cowen lifted their price target on Prudential Financial from $130.00 to $133.00 and gave the company a "hold" rating in a research report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Prudential Financial presently has an average rating of "Hold" and an average price target of $126.15.

Prudential Financial Company 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.