WBH Advisory Inc. Has $474,000 Stock Holdings in Prudential Financial, Inc. $PRU

WBH Advisory Inc. cut its stake in Prudential Financial, Inc. (NYSE:PRU) by 19.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,410 shares of the financial services provider’s stock after selling 1,097 shares during the period. WBH Advisory Inc.’s holdings in Prudential Financial were worth $474,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Unison Advisors LLC raised its holdings in Prudential Financial by 1.4% in the 2nd quarter. Unison Advisors LLC now owns 35,218 shares of the financial services provider’s stock valued at $3,784,000 after acquiring an additional 488 shares in the last quarter. Stephens Inc. AR raised its holdings in shares of Prudential Financial by 1.3% during the 2nd quarter. Stephens Inc. AR now owns 43,032 shares of the financial services provider’s stock worth $4,623,000 after buying an additional 538 shares in the last quarter. LMG Wealth Partners LLC raised its holdings in shares of Prudential Financial by 1.8% during the 2nd quarter. LMG Wealth Partners LLC now owns 73,942 shares of the financial services provider’s stock worth $7,944,000 after buying an additional 1,308 shares in the last quarter. Forvis Mazars Wealth Advisors LLC raised its holdings in shares of Prudential Financial by 2.2% during the 2nd quarter. Forvis Mazars Wealth Advisors LLC now owns 6,088 shares of the financial services provider’s stock worth $654,000 after buying an additional 132 shares in the last quarter. Finally, Chicago Partners Investment Group LLC acquired a new position in shares of Prudential Financial during the 2nd quarter worth $223,000. 56.83% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Prudential Financial

In other Prudential Financial news, EVP Ann M. Kappler sold 4,000 shares of the company’s stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $109.65, for a total value of $438,600.00. Following the sale, the executive vice president owned 21,506 shares in the company, valued at approximately $2,358,132.90. The trade was a 15.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.25% of the company’s stock.

Prudential Financial Price Performance

Shares of PRU opened at $101.55 on Tuesday. Prudential Financial, Inc. has a 12-month low of $90.38 and a 12-month high of $130.55. The business has a 50-day simple moving average of $105.02 and a two-hundred day simple moving average of $104.14. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.60. The stock has a market cap of $35.75 billion, a PE ratio of 22.52, a PEG ratio of 0.89 and a beta of 1.04.

Prudential Financial (NYSE:PRU) last released its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $3.58 EPS for the quarter. Prudential Financial had a return on equity of 15.80% and a net margin of 2.75%.The firm had revenue of $8.35 billion for the quarter. Analysts anticipate that Prudential Financial, Inc. will post 14.36 earnings per share for the current fiscal year.

Prudential Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 11th. Shareholders of record on Tuesday, August 19th were given a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date was Tuesday, August 19th. Prudential Financial’s payout ratio is 119.73%.

Wall Street Analysts Forecast Growth

PRU has been the subject of a number of research analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Prudential Financial in a report on Wednesday, October 8th. Piper Sandler lowered their price target on Prudential Financial from $109.00 to $108.00 and set a “neutral” rating for the company in a report on Wednesday, July 16th. Wall Street Zen raised Prudential Financial from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Wolfe Research began coverage on Prudential Financial in a report on Tuesday, September 16th. They issued a “peer perform” rating for the company. Finally, Barclays lowered their target price on Prudential Financial from $120.00 to $117.00 and set an “equal weight” rating for the company in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Prudential Financial currently has an average rating of “Hold” and a consensus price target of $122.27.

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.