6,551 Shares in Prudential Financial, Inc. $PRU Bought by Nordwand Advisors LLC

Nordwand Advisors LLC acquired a new stake in shares of Prudential Financial, Inc. (NYSE:PRU) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,551 shares of the financial services provider’s stock, valued at approximately $704,000.

A number of other hedge funds have also recently modified their holdings of the business. Brighton Jones LLC boosted its stake in Prudential Financial by 3.7% during the fourth quarter. Brighton Jones LLC now owns 3,681 shares of the financial services provider’s stock worth $436,000 after acquiring an additional 133 shares in the last quarter. Private Advisor Group LLC grew its holdings in Prudential Financial by 4.9% in the first quarter. Private Advisor Group LLC now owns 61,703 shares of the financial services provider’s stock worth $6,891,000 after purchasing an additional 2,872 shares during the period. OneAscent Financial Services LLC increased its stake in shares of Prudential Financial by 98.1% during the first quarter. OneAscent Financial Services LLC now owns 3,704 shares of the financial services provider’s stock valued at $414,000 after purchasing an additional 1,834 shares in the last quarter. J.W. Cole Advisors Inc. lifted its holdings in shares of Prudential Financial by 28.1% during the first quarter. J.W. Cole Advisors Inc. now owns 30,092 shares of the financial services provider’s stock valued at $3,361,000 after purchasing an additional 6,592 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky boosted its position in shares of Prudential Financial by 4.1% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 27,511 shares of the financial services provider’s stock worth $3,072,000 after purchasing an additional 1,092 shares in the last quarter. Institutional investors own 56.83% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Prudential Financial in a research report on Thursday. Barclays cut their target price on Prudential Financial from $120.00 to $117.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 8th. Wall Street Zen raised Prudential Financial from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Keefe, Bruyette & Woods upped their price target on shares of Prudential Financial from $117.00 to $118.00 and gave the stock a “market perform” rating in a research note on Monday, November 3rd. Finally, Wolfe Research initiated coverage on shares of Prudential Financial in a research note on Tuesday, September 16th. They set a “peer perform” rating for the company. One equities research analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Prudential Financial currently has a consensus rating of “Hold” and an average target price of $120.73.

Prudential Financial Trading Down 3.4%

Prudential Financial stock opened at $103.47 on Tuesday. Prudential Financial, Inc. has a one year low of $90.38 and a one year high of $130.55. The business’s fifty day moving average is $103.65 and its 200 day moving average is $104.71. The stock has a market capitalization of $36.22 billion, a PE ratio of 14.21, a price-to-earnings-growth ratio of 0.88 and a beta of 1.05. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.16 and a quick ratio of 0.16.

Prudential Financial (NYSE:PRU) last issued its earnings results on Wednesday, January 15th. The financial services provider reported $3.58 earnings per share for the quarter. The business had revenue of $8.35 billion during the quarter. Prudential Financial had a return on equity of 16.98% and a net margin of 4.65%. On average, sell-side analysts predict that Prudential Financial, Inc. will post 14.36 EPS for the current year.

Prudential Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Tuesday, November 18th will be given a dividend of $1.35 per share. The ex-dividend date is Tuesday, November 18th. This represents a $5.40 dividend on an annualized basis and a yield of 5.2%. Prudential Financial’s dividend payout ratio is 74.18%.

Insider Activity at Prudential Financial

In other Prudential Financial news, Chairman Charles F. Lowrey sold 48,164 shares of Prudential Financial stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $107.39, for a total value of $5,172,331.96. Following the completion of the sale, the chairman owned 165,564 shares of the company’s stock, valued at approximately $17,779,917.96. The trade was a 22.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Ann M. Kappler sold 4,000 shares of the business’s stock in a transaction on Friday, August 29th. The shares were sold at an average price of $109.65, for a total transaction of $438,600.00. Following the sale, the executive vice president owned 21,506 shares of the company’s stock, valued at approximately $2,358,132.90. This represents a 15.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.25% of the company’s stock.

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.