PDS Planning Inc Has $287,000 Stake in Prudential Financial, Inc. $PRU

PDS Planning Inc lifted its holdings in Prudential Financial, Inc. (NYSE:PRU) by 29.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,668 shares of the financial services provider’s stock after buying an additional 613 shares during the period. PDS Planning Inc’s holdings in Prudential Financial were worth $287,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Meeder Asset Management Inc. boosted its position in Prudential Financial by 90.2% during the 1st quarter. Meeder Asset Management Inc. now owns 234 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 111 shares during the period. Cheviot Value Management LLC acquired a new stake in Prudential Financial during the first quarter valued at $26,000. North Capital Inc. purchased a new position in Prudential Financial in the first quarter valued at about $28,000. AlphaQuest LLC increased its position in Prudential Financial by 12,250.0% in the 1st quarter. AlphaQuest LLC now owns 247 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 245 shares during the last quarter. Finally, Opal Wealth Advisors LLC purchased a new stake in shares of Prudential Financial during the 1st quarter worth about $30,000. 56.83% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently commented on PRU. JPMorgan Chase & Co. boosted their price target on Prudential Financial from $126.00 to $136.00 and gave the company a “neutral” rating in a research note on Tuesday, July 8th. Wells Fargo & Company decreased their target price on shares of Prudential Financial from $116.00 to $113.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 16th. Wall Street Zen upgraded shares of Prudential Financial from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. 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 report on Wednesday, October 8th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Prudential Financial in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $122.27.

Insider Activity at Prudential Financial

In other Prudential Financial news, EVP Ann M. Kappler sold 4,000 shares of the 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 transaction, the executive vice president directly owned 21,506 shares in the company, valued at approximately $2,358,132.90. This trade represents a 15.68% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.25% of the stock is owned by company insiders.

Prudential Financial Trading Down 3.4%

Shares of Prudential Financial stock opened at $99.08 on Monday. Prudential Financial, Inc. has a 52-week low of $90.38 and a 52-week high of $130.55. The firm has a market capitalization of $34.88 billion, a PE ratio of 21.97, a price-to-earnings-growth ratio of 0.88 and a beta of 1.04. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.16 and a quick ratio of 0.16. The company’s fifty day moving average price is $105.15 and its two-hundred day moving average price is $104.40.

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. Prudential Financial had a net margin of 2.75% and a return on equity of 15.80%. The business had revenue of $8.35 billion for the quarter. On average, analysts expect that Prudential Financial, Inc. will post 14.36 EPS for the current year.

Prudential Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 11th. Stockholders of record on Tuesday, August 19th were given a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date was Tuesday, August 19th. Prudential Financial’s dividend payout ratio is presently 119.73%.

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.