Prudential Financial, Inc. (NYSE:PRU) Shares Sold by Atlas Private Wealth Advisors

Atlas Private Wealth Advisors decreased its holdings in Prudential Financial, Inc. (NYSE:PRU) by 11.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,772 shares of the financial services provider’s stock after selling 226 shares during the quarter. Atlas Private Wealth Advisors’ holdings in Prudential Financial were worth $215,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Mountain Pacific Investment Advisers LLC lifted its holdings in shares of Prudential Financial by 21.7% during the third quarter. Mountain Pacific Investment Advisers LLC now owns 2,240 shares of the financial services provider’s stock valued at $271,000 after purchasing an additional 400 shares during the last quarter. Wedmont Private Capital lifted its stake in Prudential Financial by 8.3% during the third quarter. Wedmont Private Capital now owns 3,516 shares of the financial services provider’s stock valued at $424,000 after buying an additional 270 shares in the last quarter. CWM LLC boosted its holdings in shares of Prudential Financial by 7.5% in the third quarter. CWM LLC now owns 14,013 shares of the financial services provider’s stock worth $1,697,000 after buying an additional 977 shares during the period. Daymark Wealth Partners LLC increased its position in shares of Prudential Financial by 3.9% in the third quarter. Daymark Wealth Partners LLC now owns 2,616 shares of the financial services provider’s stock worth $317,000 after acquiring an additional 97 shares in the last quarter. Finally, Eagle Wealth Strategies LLC purchased a new stake in shares of Prudential Financial in the 3rd quarter valued at approximately $217,000. Institutional investors and hedge funds own 56.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on PRU. Barclays began coverage on shares of Prudential Financial in a research note on Wednesday, September 4th. They set an “equal weight” rating and a $118.00 target price on the stock. Jefferies Financial Group decreased their price objective on Prudential Financial from $143.00 to $141.00 and set a “buy” rating for the company in a research report on Friday, June 28th. Citigroup upped their target price on Prudential Financial from $104.00 to $120.00 and gave the company a “neutral” rating in a report on Tuesday, July 23rd. Wells Fargo & Company upgraded shares of Prudential Financial from an “underweight” rating to an “equal weight” rating and set a $113.00 price target for the company in a report on Monday, August 12th. Finally, JPMorgan Chase & Co. increased their target price on shares of Prudential Financial from $118.00 to $128.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 2nd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $123.92.

Insider Transactions at Prudential Financial

In other Prudential Financial news, EVP Caroline Feeney sold 1,110 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president now owns 10,175 shares of the company’s stock, valued at $1,220,694.75. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, EVP Ann M. Kappler sold 2,839 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $113.43, for a total transaction of $322,027.77. Following the transaction, the executive vice president now directly owns 14,535 shares in the company, valued at $1,648,705.05. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Caroline Feeney sold 1,110 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, 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 position. The disclosure for this sale can be found here. 0.31% of the stock is currently owned by corporate insiders.

Prudential Financial Stock Performance

Shares of NYSE PRU opened at $121.85 on Thursday. The business’s 50-day simple moving average is $116.68 and its 200-day simple moving average is $117.06. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.13 and a current ratio of 0.13. Prudential Financial, Inc. has a 52 week low of $87.95 and a 52 week high of $128.52. The firm has a market cap of $43.74 billion, a price-to-earnings ratio of 20.75, a P/E/G ratio of 0.94 and a beta of 1.30.

Prudential Financial (NYSE:PRU) last released its quarterly earnings results on Thursday, August 1st. The financial services provider reported $3.39 EPS for the quarter, missing analysts’ consensus estimates of $3.43 by ($0.04). The firm had revenue of $13.84 billion during the quarter, compared to the consensus estimate of $13.78 billion. Prudential Financial had a net margin of 4.86% and a return on equity of 16.00%. As a group, equities research analysts expect that Prudential Financial, Inc. will post 13.29 earnings per share for the current fiscal year.

Prudential Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Tuesday, August 20th were given a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 4.27%. The ex-dividend date of this dividend was Tuesday, August 20th. Prudential Financial’s dividend payout ratio is currently 88.44%.

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.