Northwest Bank & Trust Co Makes New $48,000 Investment in Prudential Financial, Inc. (NYSE:PRU)

Northwest Bank & Trust Co acquired a new stake in Prudential Financial, Inc. (NYSE:PRUFree Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 461 shares of the financial services provider’s stock, valued at approximately $48,000.

A number of other large investors also recently added to or reduced their stakes in PRU. Morgan Stanley increased its stake in shares of Prudential Financial by 0.9% in the third quarter. Morgan Stanley now owns 6,317,338 shares of the financial services provider’s stock worth $599,452,000 after buying an additional 57,531 shares during the period. Northern Trust Corp raised its stake in shares of Prudential Financial by 4.8% during the third quarter. Northern Trust Corp now owns 4,353,086 shares of the financial services provider’s stock valued at $413,064,000 after acquiring an additional 197,422 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Prudential Financial by 10.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,000,665 shares of the financial services provider’s stock worth $414,926,000 after purchasing an additional 388,363 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Prudential Financial by 3.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,346,612 shares of the financial services provider’s stock worth $243,367,000 after purchasing an additional 72,696 shares during the last quarter. Finally, International Assets Investment Management LLC increased its holdings in Prudential Financial by 9,281.4% during the 4th quarter. International Assets Investment Management LLC now owns 1,368,839 shares of the financial services provider’s stock valued at $141,962,000 after purchasing an additional 1,354,248 shares during the period. Hedge funds and other institutional investors own 56.83% of the company’s stock.

Insider Transactions at Prudential Financial

In other Prudential Financial news, EVP Robert Falzon sold 130,092 shares of the company’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $118.57, for a total transaction of $15,425,008.44. Following the transaction, the executive vice president now owns 202,083 shares in the company, valued at approximately $23,960,981.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Prudential Financial news, EVP Robert Falzon sold 130,092 shares of the business’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $118.57, for a total transaction of $15,425,008.44. Following the completion of the sale, the executive vice president now directly owns 202,083 shares in the company, valued at approximately $23,960,981.31. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Timothy L. Schmidt sold 5,189 shares of Prudential Financial stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $116.58, for a total value of $604,933.62. Following the completion of the sale, the senior vice president now directly owns 12,236 shares of the company’s stock, valued at approximately $1,426,472.88. The disclosure for this sale can be found here. Company insiders own 0.31% of the company’s stock.

Prudential Financial Stock Down 0.8 %

Shares of PRU traded down $0.86 during trading hours on Friday, hitting $113.11. The company had a trading volume of 1,065,223 shares, compared to its average volume of 1,290,051. Prudential Financial, Inc. has a 52-week low of $83.34 and a 52-week high of $121.39. The firm has a fifty day moving average price of $115.09 and a 200-day moving average price of $109.75. The stock has a market capitalization of $40.61 billion, a price-to-earnings ratio of 19.24, a P/E/G ratio of 0.85 and a beta of 1.35. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.13 and a current ratio of 0.13.

Prudential Financial (NYSE:PRUGet Free Report) last issued its earnings results on Tuesday, April 30th. The financial services provider reported $3.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.16 by ($0.04). The firm had revenue of $15.01 billion during the quarter, compared to the consensus estimate of $14.50 billion. Prudential Financial had a return on equity of 15.50% and a net margin of 3.76%. The company’s quarterly revenue was up 69.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.66 EPS. On average, equities research analysts forecast that Prudential Financial, Inc. will post 13.41 EPS for the current fiscal year.

Prudential Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 13th. Shareholders of record on Tuesday, May 21st were issued a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.60%. The ex-dividend date of this dividend was Monday, May 20th. Prudential Financial’s payout ratio is 88.44%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Evercore ISI lifted their price objective on Prudential Financial from $115.00 to $116.00 and gave the stock an “underperform” rating in a research report on Thursday, April 25th. Wells Fargo & Company lifted 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. Jefferies Financial Group raised shares of Prudential Financial from a “hold” rating to a “buy” rating and raised their target price for the stock from $121.00 to $143.00 in a research report on Wednesday, May 22nd. Keefe, Bruyette & Woods boosted their price target on shares of Prudential Financial from $112.00 to $118.00 and gave the company a “market perform” rating in a research report on Wednesday, April 10th. Finally, Morgan Stanley raised 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. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Prudential Financial has a consensus rating of “Hold” and a consensus price target of $115.25.

Check Out Our Latest Analysis on PRU

Prudential Financial Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding PRU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Prudential Financial, Inc. (NYSE:PRUFree Report).

Institutional Ownership by Quarter for Prudential Financial (NYSE:PRU)

Receive News & Ratings for Prudential Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prudential Financial and related companies with MarketBeat.com's FREE daily email newsletter.