Prudential Financial, Inc. (NYSE:PRU) Shares Acquired by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC boosted its stake in Prudential Financial, Inc. (NYSE:PRU) by 6.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 42,379 shares of the financial services provider’s stock after buying an additional 2,507 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Prudential Financial were worth $4,964,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of PRU. Creekmur Asset Management LLC raised its stake in shares of Prudential Financial by 78.8% in the 1st quarter. Creekmur Asset Management LLC now owns 245 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 108 shares during the period. Lynx Investment Advisory acquired a new stake in Prudential Financial in the 2nd quarter valued at approximately $29,000. Strategic Financial Concepts LLC raised its position in Prudential Financial by 1,312.4% in the second quarter. Strategic Financial Concepts LLC now owns 26,934 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 25,027 shares during the period. Crewe Advisors LLC acquired a new position in Prudential Financial during the first quarter worth $33,000. Finally, ESL Trust Services LLC acquired a new stake in shares of Prudential Financial in the first quarter valued at $34,000. Institutional investors and hedge funds own 56.83% of the company’s stock.

Insider Activity

In related news, EVP Ann M. Kappler sold 2,839 shares of Prudential Financial stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $113.43, for a total transaction of $322,027.77. Following the sale, the executive vice president now directly owns 14,535 shares in the company, valued at approximately $1,648,705.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Prudential Financial news, EVP Ann M. Kappler sold 2,839 shares of the firm’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 owns 14,535 shares of the company’s stock, valued at $1,648,705.05. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Caroline Feeney sold 1,110 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were 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 directly owns 10,175 shares of the company’s stock, valued at $1,220,694.75. The disclosure for this sale can be found here. Company insiders own 0.31% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Argus raised Prudential Financial to a “strong-buy” rating in a research note on Thursday, August 8th. JPMorgan Chase & Co. increased their price target 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. Morgan Stanley dropped their price objective on shares of Prudential Financial from $123.00 to $122.00 and set an “equal weight” rating for the company in a report on Monday, August 19th. Citigroup increased their target price on shares of Prudential Financial from $104.00 to $120.00 and gave the stock a “neutral” rating in a report on Tuesday, July 23rd. Finally, UBS Group boosted their price target on shares of Prudential Financial from $112.00 to $119.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 13th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $120.83.

Prudential Financial Stock Performance

Shares of PRU stock opened at $119.44 on Thursday. Prudential Financial, Inc. has a 12 month low of $87.95 and a 12 month high of $128.52. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.65. The company has a market cap of $42.64 billion, a P/E ratio of 20.31, a PEG ratio of 0.90 and a beta of 1.30. The firm has a fifty day moving average price of $117.88 and a 200 day moving average price of $116.15.

Prudential Financial (NYSE:PRU) last released its quarterly earnings data 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). Prudential Financial had a net margin of 4.86% and a return on equity of 16.00%. The business had revenue of $13.84 billion during the quarter, compared to analysts’ expectations of $13.78 billion. Sell-side analysts predict that Prudential Financial, Inc. will post 13.31 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. Stockholders of record on Tuesday, August 20th were given a dividend of $1.30 per share. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $5.20 annualized dividend and a dividend yield of 4.35%. Prudential Financial’s dividend payout ratio is presently 88.44%.

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.