Eads & Heald Wealth Management Sells 140 Shares of Prudential Financial, Inc. (NYSE:PRU)

Eads & Heald Wealth Management lessened its stake in shares of Prudential Financial, Inc. (NYSE:PRU) by 6.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,915 shares of the financial services provider’s stock after selling 140 shares during the quarter. Eads & Heald Wealth Management’s holdings in Prudential Financial were worth $224,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Annex Advisory Services LLC boosted its position in shares of Prudential Financial by 3.4% during the 2nd quarter. Annex Advisory Services LLC now owns 2,467 shares of the financial services provider’s stock worth $289,000 after purchasing an additional 81 shares in the last quarter. Peoples Bank OH raised its holdings in shares of Prudential Financial by 2.3% in the 1st quarter. Peoples Bank OH now owns 4,046 shares of the financial services provider’s stock worth $475,000 after acquiring an additional 90 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of Prudential Financial by 1.3% in the 1st quarter. Sequoia Financial Advisors LLC now owns 7,449 shares of the financial services provider’s stock worth $875,000 after acquiring an additional 94 shares during the last quarter. Jaffetilchin Investment Partners LLC raised its holdings in shares of Prudential Financial by 4.6% in the 1st quarter. Jaffetilchin Investment Partners LLC now owns 2,131 shares of the financial services provider’s stock worth $250,000 after acquiring an additional 94 shares during the last quarter. Finally, Bruce G. Allen Investments LLC raised its holdings in shares of Prudential Financial by 38.6% in the 1st quarter. Bruce G. Allen Investments LLC now owns 352 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 98 shares during the last quarter. Institutional investors own 56.83% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on PRU shares. Evercore ISI upped their target price on shares of Prudential Financial from $115.00 to $116.00 and gave the stock an “underperform” rating in a report on Thursday, April 25th. Jefferies Financial Group decreased their price objective on shares of Prudential Financial from $143.00 to $141.00 and set a “buy” rating for the company in a research note on Friday, June 28th. Wells Fargo & Company upgraded shares of Prudential Financial from an “underweight” rating to an “equal weight” rating and set a $113.00 price objective for the company in a research note on Monday, August 12th. Piper Sandler decreased their price objective on shares of Prudential Financial from $125.00 to $121.00 and set a “neutral” rating for the company in a research note on Monday, May 6th. Finally, UBS Group increased their price objective on shares of Prudential Financial from $112.00 to $119.00 and gave the company a “neutral” rating in a research note on Tuesday, August 13th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $119.33.

Prudential Financial Stock Performance

Shares of Prudential Financial stock traded up $0.51 on Thursday, reaching $114.86. 263,193 shares of the company traded hands, compared to its average volume of 1,503,380. The company has a 50 day moving average of $117.69 and a 200 day moving average of $114.69. The firm has a market capitalization of $41.01 billion, a PE ratio of 19.43, a PEG ratio of 0.89 and a beta of 1.34. Prudential Financial, Inc. has a 52 week low of $87.95 and a 52 week high of $128.52. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.13 and a quick ratio of 0.13.

Prudential Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Tuesday, August 20th will be issued a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 4.53%. The ex-dividend date is Tuesday, August 20th. Prudential Financial’s dividend payout ratio (DPR) is presently 88.44%.

Insider Buying and Selling

In other news, major shareholder Insurance Co Of Ame Prudential purchased 652,884 shares of the business’s stock in a transaction on Thursday, June 20th. The stock was purchased at an average cost of $27.57 per share, with a total value of $18,000,011.88. Following the acquisition, the insider now directly owns 3,883,390 shares in the company, valued at $107,065,062.30. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 0.31% of the stock is owned by insiders.

About Prudential Financial

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.