F m Investments LLC Takes $212,000 Position in Prudential Financial, Inc. $PRU

F m Investments LLC bought a new position in Prudential Financial, Inc. (NYSE:PRU) during the second quarter, according to its most recent filing with the SEC. The firm bought 1,976 shares of the financial services provider’s stock, valued at approximately $212,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Norges Bank acquired a new position in shares of Prudential Financial during the second quarter valued at about $122,778,000. Level Four Advisory Services LLC boosted its stake in Prudential Financial by 14.6% during the 2nd quarter. Level Four Advisory Services LLC now owns 28,877 shares of the financial services provider’s stock valued at $3,103,000 after purchasing an additional 3,670 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Prudential Financial by 4.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 38,570 shares of the financial services provider’s stock worth $4,144,000 after purchasing an additional 1,591 shares in the last quarter. Clarkston Capital Partners LLC raised its stake in shares of Prudential Financial by 20.0% in the second quarter. Clarkston Capital Partners LLC now owns 15,000 shares of the financial services provider’s stock worth $1,612,000 after purchasing an additional 2,500 shares during the last quarter. Finally, Groupama Asset Managment lifted its holdings in shares of Prudential Financial by 174.2% in the second quarter. Groupama Asset Managment now owns 24,096 shares of the financial services provider’s stock valued at $2,581,000 after purchasing an additional 15,308 shares in the last quarter. Institutional investors own 56.83% of the company’s stock.

Prudential Financial Price Performance

PRU opened at $108.81 on Friday. Prudential Financial, Inc. has a fifty-two week low of $90.38 and a fifty-two week high of $130.39. The firm has a 50-day moving average of $103.94 and a 200 day moving average of $104.86. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.16 and a current ratio of 0.16. The firm has a market cap of $38.08 billion, a P/E ratio of 14.95, a PEG ratio of 0.88 and a beta of 1.05.

Prudential Financial (NYSE:PRU) last announced its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $3.58 EPS for the quarter. Prudential Financial had a net margin of 4.65% and a return on equity of 16.98%. The business had revenue of $8.35 billion for the quarter. On average, research analysts expect that Prudential Financial, Inc. will post 14.36 EPS for the current year.

Prudential Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Tuesday, November 18th will be issued a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend is Tuesday, November 18th. Prudential Financial’s dividend payout ratio is 74.18%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on PRU. Keefe, Bruyette & Woods upped their price target on Prudential Financial from $117.00 to $118.00 and gave the stock a “market perform” rating in a report on Monday, November 3rd. Wolfe Research started coverage on shares of Prudential Financial in a research note on Tuesday, September 16th. They issued a “peer perform” rating for the company. Wall Street Zen upgraded shares of Prudential Financial from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Morgan Stanley boosted their price target on shares of Prudential Financial from $117.00 to $118.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 7th. Finally, Barclays decreased their price objective on shares of Prudential Financial from $120.00 to $117.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $119.50.

Insider Transactions at Prudential Financial

In other Prudential Financial news, Chairman Charles F. Lowrey sold 48,164 shares of the business’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $107.39, for a total value of $5,172,331.96. Following the sale, the chairman directly owned 165,564 shares in the company, valued at $17,779,917.96. The trade was a 22.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.25% of the stock is owned by corporate insiders.

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.