Van Lanschot Kempen Investment Management N.V. Purchases 4,880 Shares of Prudential Financial, Inc. $PRU

Van Lanschot Kempen Investment Management N.V. boosted its stake in Prudential Financial, Inc. (NYSE:PRU) by 1.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 267,910 shares of the financial services provider’s stock after purchasing an additional 4,880 shares during the quarter. Van Lanschot Kempen Investment Management N.V. owned about 0.08% of Prudential Financial worth $30,242,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Sunflower Bank N.A. grew its holdings in shares of Prudential Financial by 3.2% in the fourth quarter. Sunflower Bank N.A. now owns 2,911 shares of the financial services provider’s stock valued at $329,000 after purchasing an additional 91 shares in the last quarter. Wetzel Investment Advisors Inc. grew its holdings in shares of Prudential Financial by 0.9% in the fourth quarter. Wetzel Investment Advisors Inc. now owns 10,022 shares of the financial services provider’s stock valued at $1,131,000 after purchasing an additional 94 shares in the last quarter. CIBC Private Wealth Group LLC grew its holdings in shares of Prudential Financial by 0.3% in the third quarter. CIBC Private Wealth Group LLC now owns 28,795 shares of the financial services provider’s stock valued at $2,987,000 after purchasing an additional 97 shares in the last quarter. Transcend Capital Advisors LLC grew its holdings in shares of Prudential Financial by 2.4% in the fourth quarter. Transcend Capital Advisors LLC now owns 4,175 shares of the financial services provider’s stock valued at $471,000 after purchasing an additional 98 shares in the last quarter. Finally, Mindset Wealth Management LLC grew its holdings in shares of Prudential Financial by 2.1% in the third quarter. Mindset Wealth Management LLC now owns 4,781 shares of the financial services provider’s stock valued at $496,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 56.83% of the company’s stock.

Analyst Upgrades and Downgrades

PRU has been the subject of a number of research reports. Keefe, Bruyette & Woods lifted their price objective on shares of Prudential Financial from $100.00 to $106.00 and gave the company a “market perform” rating in a report on Wednesday, May 13th. Evercore restated a “negative” rating on shares of Prudential Financial in a report on Friday, March 6th. Mizuho lifted their price objective on shares of Prudential Financial from $96.00 to $101.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. UBS Group dropped their price objective on shares of Prudential Financial from $105.00 to $98.00 and set a “neutral” rating for the company in a report on Thursday, April 9th. Finally, Weiss Ratings cut shares of Prudential Financial from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, March 13th. Ten analysts have rated the stock with a Hold rating and six have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Prudential Financial has an average rating of “Reduce” and a consensus target price of $101.50.

Prudential Financial Trading Up 1.8%

NYSE PRU opened at $108.38 on Friday. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.58. Prudential Financial, Inc. has a 52 week low of $91.89 and a 52 week high of $119.76. The stock has a market capitalization of $37.61 billion, a PE ratio of 11.15, a price-to-earnings-growth ratio of 1.93 and a beta of 0.86. The firm has a 50 day moving average of $100.53 and a two-hundred day moving average of $104.35.

Prudential Financial (NYSE:PRU) last posted its quarterly earnings results on Tuesday, May 5th. The financial services provider reported $3.61 EPS for the quarter, topping the consensus estimate of $3.09 by $0.52. Prudential Financial had a net margin of 5.83% and a return on equity of 16.33%. The company had revenue of $15.23 billion during the quarter, compared to analysts’ expectations of $14.10 billion. During the same quarter in the previous year, the business posted $3.29 EPS. As a group, research analysts expect that Prudential Financial, Inc. will post 13.84 EPS for the current fiscal year.

Prudential Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Shareholders of record on Tuesday, May 26th were issued a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a yield of 5.2%. The ex-dividend date was Tuesday, May 26th. Prudential Financial’s payout ratio is 57.61%.

About Prudential Financial

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.