Prudential Financial, Inc. (NYSE:PRU) Shares Bought by Capital Advisors Inc. OK

Capital Advisors Inc. OK boosted its position in Prudential Financial, Inc. (NYSE:PRU - Free Report) by 5.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 262,238 shares of the financial services provider's stock after acquiring an additional 12,644 shares during the quarter. Capital Advisors Inc. OK owned 0.07% of Prudential Financial worth $31,083,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp raised its holdings in Prudential Financial by 0.3% during the third quarter. State Street Corp now owns 17,007,013 shares of the financial services provider's stock worth $2,059,549,000 after purchasing an additional 49,830 shares in the last quarter. Geode Capital Management LLC raised its holdings in Prudential Financial by 4.1% during the third quarter. Geode Capital Management LLC now owns 8,662,679 shares of the financial services provider's stock worth $1,047,872,000 after purchasing an additional 341,787 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Prudential Financial by 1.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,058,028 shares of the financial services provider's stock worth $370,327,000 after purchasing an additional 47,561 shares in the last quarter. FMR LLC raised its holdings in Prudential Financial by 31.3% during the third quarter. FMR LLC now owns 1,444,288 shares of the financial services provider's stock worth $174,903,000 after purchasing an additional 344,254 shares in the last quarter. Finally, abrdn plc raised its holdings in Prudential Financial by 4.0% during the third quarter. abrdn plc now owns 1,309,155 shares of the financial services provider's stock worth $158,120,000 after purchasing an additional 50,026 shares in the last quarter. Institutional investors and hedge funds own 56.83% of the company's stock.

Insider Transactions at Prudential Financial

In other news, major shareholder Insurance Co Of Ame Prudential bought 537,249 shares of the business's stock in a transaction that occurred on Monday, November 25th. The stock was purchased at an average price of $27.92 per share, with a total value of $14,999,992.08. Following the purchase, the insider now owns 4,780,293 shares of the company's stock, valued at $133,465,780.56. This trade represents a 12.66 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.31% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on PRU shares. Jefferies Financial Group raised their price objective on shares of Prudential Financial from $149.00 to $152.00 and gave the stock a "buy" rating in a report on Tuesday, December 10th. TD Cowen raised their target price on shares of Prudential Financial from $130.00 to $133.00 and gave the stock a "hold" rating in a research report on Wednesday, November 27th. Wells Fargo & Company lowered their target price on shares of Prudential Financial from $117.00 to $115.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 14th. Barclays raised their target price on shares of Prudential Financial from $128.00 to $134.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 5th. Finally, BMO Capital Markets started coverage on shares of Prudential Financial in a research report on Thursday, January 23rd. They set an "underperform" rating and a $101.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Prudential Financial has an average rating of "Hold" and an average price target of $125.46.

Prudential Financial Price Performance

Shares of NYSE PRU traded down $0.37 during trading on Friday, hitting $111.54. 1,276,794 shares of the company were exchanged, compared to its average volume of 1,831,262. The company has a market cap of $39.71 billion, a price-to-earnings ratio of 14.93, a PEG ratio of 1.00 and a beta of 1.31. Prudential Financial, Inc. has a 1 year low of $104.44 and a 1 year high of $130.55. The firm's fifty day moving average price is $117.87 and its 200 day moving average price is $119.86. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.16 and a quick ratio of 0.14.

Prudential Financial (NYSE:PRU - Get Free Report) last issued its earnings results on Tuesday, February 4th. The financial services provider reported $2.96 EPS for the quarter, missing the consensus estimate of $3.36 by ($0.40). Prudential Financial had a return on equity of 15.86% and a net margin of 4.01%. On average, sell-side analysts expect that Prudential Financial, Inc. will post 14.38 earnings per share for the current fiscal year.

Prudential Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 4.84%. The ex-dividend date is Tuesday, February 18th. This is an increase from Prudential Financial's previous quarterly dividend of $1.30. Prudential Financial's payout ratio is 69.61%.

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.