Prudential Financial, Inc. (NYSE:PRU) Shares Bought by National Bank of Canada FI

National Bank of Canada FI lifted its stake in shares of Prudential Financial, Inc. (NYSE:PRU) by 1.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 158,770 shares of the financial services provider’s stock after purchasing an additional 2,399 shares during the period. National Bank of Canada FI’s holdings in Prudential Financial were worth $16,598,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Cambridge Trust Co. increased its holdings in shares of Prudential Financial by 77.2% in the 4th quarter. Cambridge Trust Co. now owns 241 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 105 shares during the last quarter. Bruce G. Allen Investments LLC acquired a new stake in shares of Prudential Financial during the fourth quarter worth $26,000. Headinvest LLC bought a new position in shares of Prudential Financial in the 3rd quarter worth about $27,000. Arlington Trust Co LLC boosted its holdings in shares of Prudential Financial by 151.6% in the 4th quarter. Arlington Trust Co LLC now owns 307 shares of the financial services provider’s stock valued at $32,000 after buying an additional 185 shares during the period. Finally, Ritter Daniher Financial Advisory LLC DE bought a new stake in shares of Prudential Financial during the 3rd quarter valued at about $39,000. 56.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Prudential Financial

In other news, SVP Robert Axel sold 6,436 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $111.86, for a total value of $719,930.96. Following the completion of the sale, the senior vice president now directly owns 7,901 shares of the company’s stock, valued at $883,805.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Ann M. Kappler sold 7,222 shares of the stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $108.39, for a total transaction of $782,792.58. Following the transaction, the executive vice president now owns 24,381 shares of the company’s stock, valued at approximately $2,642,656.59. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Robert Axel sold 6,436 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $111.86, for a total value of $719,930.96. Following the transaction, the senior vice president now owns 7,901 shares in the company, valued at approximately $883,805.86. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 29,255 shares of company stock valued at $3,215,664. Company insiders own 0.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. TheStreet upgraded Prudential Financial from a “c+” rating to an “a-” rating in a research note on Tuesday, February 6th. Evercore ISI upped their price objective on Prudential Financial from $115.00 to $116.00 and gave the stock an “underperform” rating in a research note on Thursday, April 25th. Wells Fargo & Company boosted their price target on shares of Prudential Financial from $100.00 to $106.00 and gave the company an “underweight” rating in a report on Thursday, April 11th. Morgan Stanley increased their price objective on shares of Prudential Financial from $109.00 to $117.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. Finally, Piper Sandler reduced their target price on shares of Prudential Financial from $125.00 to $121.00 and set a “neutral” rating for the company in a research note on Monday. Two analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $111.08.

Prudential Financial Trading Up 0.8 %

Shares of PRU stock opened at $116.23 on Wednesday. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.67. The stock has a 50-day simple moving average of $112.48 and a 200 day simple moving average of $104.78. Prudential Financial, Inc. has a fifty-two week low of $77.87 and a fifty-two week high of $118.69. The stock has a market capitalization of $41.73 billion, a P/E ratio of 19.77, a P/E/G ratio of 0.83 and a beta of 1.35.

Prudential Financial (NYSE:PRU) last issued its earnings results on Tuesday, April 30th. The financial services provider reported $3.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.16 by ($0.04). The company had revenue of $15.01 billion during the quarter, compared to analyst estimates of $14.50 billion. Prudential Financial had a return on equity of 15.50% and a net margin of 3.76%. The business’s revenue was up 69.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.66 earnings per share. On average, sell-side analysts expect that Prudential Financial, Inc. will post 13.36 earnings per share for the current fiscal year.

Prudential Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Tuesday, May 21st will be paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 4.47%. Prudential Financial’s dividend payout ratio (DPR) is currently 88.44%.

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.