32,980 Shares in Prudential Financial, Inc. (NYSE:PRU) Bought by Unigestion Holding SA

Unigestion Holding SA acquired a new stake in Prudential Financial, Inc. (NYSE:PRU - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 32,980 shares of the financial services provider's stock, valued at approximately $3,994,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new stake in shares of Prudential Financial during the third quarter valued at approximately $31,000. Quarry LP lifted its holdings in shares of Prudential Financial by 376.3% during the 3rd 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 shares of Prudential Financial during the 2nd quarter valued at about $38,000. Tompkins Financial Corp raised its position in Prudential Financial by 61.7% in the third quarter. Tompkins Financial Corp now owns 367 shares of the financial services provider's stock worth $44,000 after purchasing an additional 140 shares in the last quarter. Finally, GHP Investment Advisors Inc. boosted its holdings in Prudential Financial by 235.4% during the third quarter. GHP Investment Advisors Inc. now owns 379 shares of the financial services provider's stock valued at $46,000 after purchasing an additional 266 shares in the last quarter. 56.83% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Prudential Financial

In other Prudential Financial news, major shareholder Insurance Co Of Ame Prudential acquired 537,249 shares of Prudential Financial stock in a transaction that occurred on Monday, November 25th. The shares were acquired at an average cost of $27.92 per share, with a total value of $14,999,992.08. Following the completion of the purchase, the insider now directly owns 4,780,293 shares of the company's stock, valued at $133,465,780.56. This represents a 12.66 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.34% of the company's stock.

Prudential Financial Stock Down 1.0 %

PRU stock traded down $1.18 during midday trading on Wednesday, hitting $120.06. The company's stock had a trading volume of 1,995,491 shares, compared to its average volume of 1,496,584. The company's fifty day moving average price is $124.98 and its 200 day moving average price is $120.44. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.14 and a quick ratio of 0.14. Prudential Financial, Inc. has a twelve month low of $100.60 and a twelve month high of $130.55. The stock has a market capitalization of $42.74 billion, a P/E ratio of 10.70, a PEG ratio of 0.91 and a beta of 1.29.

Prudential Financial (NYSE:PRU - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $3.48 EPS for the quarter, beating the consensus estimate of $3.47 by $0.01. The firm had revenue of $19.48 billion during the quarter, compared to analysts' expectations 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 firm posted $3.44 earnings per share. As a group, equities research analysts predict that Prudential Financial, Inc. will post 13.35 EPS for the current year.

Prudential Financial Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts recently commented on PRU shares. Morgan Stanley decreased their price target on Prudential Financial from $123.00 to $122.00 and set an "equal weight" rating on the stock in a research note on Monday, August 19th. TD Cowen boosted their price target on shares of Prudential Financial from $130.00 to $133.00 and gave the company a "hold" rating in a research report on Wednesday, November 27th. UBS Group increased their price target on shares of Prudential Financial from $112.00 to $119.00 and gave the company a "neutral" rating in a research note on Tuesday, August 13th. Barclays upped their price objective on Prudential Financial from $118.00 to $119.00 and gave the stock an "equal weight" rating in a report on Friday, November 1st. Finally, Piper Sandler upped their price target on Prudential Financial from $121.00 to $127.00 and gave the company a "neutral" rating in a research note on Wednesday, October 2nd. Eleven research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $126.33.

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.