Vanguard Personalized Indexing Management LLC Raises Stake in Prudential Financial, Inc. $PRU

Vanguard Personalized Indexing Management LLC boosted its stake in shares of Prudential Financial, Inc. (NYSE:PRU) by 21.7% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 61,916 shares of the financial services provider’s stock after purchasing an additional 11,039 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Prudential Financial were worth $6,653,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of PRU. Meeder Asset Management Inc. lifted its holdings in Prudential Financial by 90.2% in the first quarter. Meeder Asset Management Inc. now owns 234 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 111 shares during the period. Cheviot Value Management LLC acquired a new position in Prudential Financial in the first quarter valued at approximately $26,000. North Capital Inc. acquired a new position in Prudential Financial in the first quarter valued at approximately $28,000. AlphaQuest LLC lifted its holdings in Prudential Financial by 12,250.0% in the first quarter. AlphaQuest LLC now owns 247 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 245 shares during the period. Finally, Opal Wealth Advisors LLC acquired a new position in Prudential Financial in the first quarter valued at approximately $30,000. 56.83% of the stock is owned by institutional investors and hedge funds.

Prudential Financial Stock Up 2.1%

NYSE PRU opened at $101.22 on Tuesday. The business has a fifty day moving average price of $105.14 and a 200 day moving average price of $104.34. Prudential Financial, Inc. has a one year low of $90.38 and a one year high of $130.55. 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 company has a market cap of $35.63 billion, a P/E ratio of 22.44, a P/E/G ratio of 0.88 and a beta of 1.04.

Prudential Financial (NYSE:PRU) last posted its quarterly earnings data 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 during the quarter. Research analysts anticipate that Prudential Financial, Inc. will post 14.36 EPS for the current fiscal year.

Prudential Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 11th. Investors of record on Tuesday, August 19th were paid a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 5.3%. The ex-dividend date of this dividend was Tuesday, August 19th. Prudential Financial’s dividend payout ratio is currently 119.73%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Wall Street Zen raised Prudential Financial from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Morgan Stanley upped their target price on Prudential Financial from $117.00 to $118.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Prudential Financial in a research note on Wednesday, October 8th. Barclays reduced their target price on 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. Finally, Wells Fargo & Company reduced their target price on Prudential Financial from $116.00 to $113.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 16th. One analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $122.27.

Insider Transactions at Prudential Financial

In other Prudential Financial news, EVP Ann M. Kappler sold 4,000 shares of the company’s stock in a transaction on Friday, August 29th. The stock was sold at an average price of $109.65, for a total value of $438,600.00. Following the completion of the sale, the executive vice president directly owned 21,506 shares in the company, valued at $2,358,132.90. This represents a 15.68% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.25% of the stock is currently owned by 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.