5,561 Shares in Prudential Financial, Inc. $PRU Bought by Compass Financial Management LLC

Compass Financial Management LLC purchased a new stake in Prudential Financial, Inc. (NYSE:PRU) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,561 shares of the financial services provider’s stock, valued at approximately $610,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jessup Wealth Management Inc purchased a new position in shares of Prudential Financial during the 4th quarter valued at about $25,000. Garton & Associates Financial Advisors LLC purchased a new stake in shares of Prudential Financial in the fourth quarter worth about $26,000. SJS Investment Consulting Inc. grew its holdings in Prudential Financial by 93.1% during the first quarter. SJS Investment Consulting Inc. now owns 278 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 134 shares during the period. Coston McIsaac & Partners raised its position in Prudential Financial by 93.4% during the fourth quarter. Coston McIsaac & Partners now owns 265 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 128 shares in the last quarter. Finally, Basepoint Wealth LLC acquired a new position in Prudential Financial in the fourth quarter valued at approximately $30,000. 56.83% of the stock is owned by institutional investors and hedge funds.

Prudential Financial Stock Up 0.0%

Prudential Financial stock opened at $121.21 on Monday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.16 and a quick ratio of 0.16. The stock has a market capitalization of $41.82 billion, a PE ratio of 10.98, a price-to-earnings-growth ratio of 2.29 and a beta of 0.84. The business has a 50 day simple moving average of $116.66 and a 200-day simple moving average of $105.67. Prudential Financial, Inc. has a 12 month low of $91.89 and a 12 month high of $127.72.

Prudential Financial (NYSE:PRU) last announced its earnings results on Tuesday, August 4th. The financial services provider reported $4.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.52 by $0.56. The firm had revenue of $14.15 billion for the quarter, compared to analyst estimates of $14.36 billion. Prudential Financial had a return on equity of 16.68% and a net margin of 6.51%.During the same quarter last year, the firm posted $3.58 EPS. On average, analysts anticipate that Prudential Financial, Inc. will post 14.24 EPS for the current fiscal year.

Prudential Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Tuesday, August 25th will be issued a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend is Tuesday, August 25th. Prudential Financial’s dividend payout ratio (DPR) is presently 50.72%.

Analyst Ratings Changes

Several research firms have commented on PRU. Zacks Research upgraded Prudential Financial from a “strong sell” rating to a “hold” rating in a research report on Friday, June 12th. Wall Street Zen cut shares of Prudential Financial from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Jefferies Financial Group increased their price target on shares of Prudential Financial from $105.00 to $110.00 and gave the stock a “hold” rating in a report on Friday, July 10th. Weiss Ratings upgraded shares of Prudential Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 16th. Finally, Wells Fargo & Company upped their price objective on shares of Prudential Financial from $103.00 to $110.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 19th. One equities research analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $108.31.

Insider Activity

In other news, EVP Ann M. Kappler sold 7,652 shares of the business’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $125.01, for a total transaction of $956,576.52. Following the completion of the sale, the executive vice president owned 14,407 shares of the company’s stock, valued at $1,801,019.07. The trade was a 34.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Insurance Co Of Ame Prudential sold 214,746 shares of the company’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $24.75, for a total transaction of $5,314,963.50. Following the transaction, the insider owned 7,973,657 shares of the company’s stock, valued at approximately $197,348,010.75. This trade represents a 2.62% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.05% of the stock is owned by company insiders.

Prudential Financial Profile

Prudential Financial, Inc, headquartered in Newark, New Jersey, is a diversified financial services company with roots dating to 1875. The firm provides a range of insurance, retirement and investment products aimed at helping individual and institutional clients manage risk, accumulate and protect wealth, and plan for retirement. Prudential’s long history in life insurance and related financial services has positioned it as a major participant in the U.S. insurance market and a provider of services to a broad client base.

Prudential’s core business activities include individual life insurance, annuities, retirement solutions and group insurance products for employers.