CHICAGO TRUST Co NA Purchases 726 Shares of Prudential Financial, Inc. (NYSE:PRU)

CHICAGO TRUST Co NA grew its position in shares of Prudential Financial, Inc. (NYSE:PRU) by 3.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 22,255 shares of the financial services provider’s stock after acquiring an additional 726 shares during the quarter. CHICAGO TRUST Co NA’s holdings in Prudential Financial were worth $2,695,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of PRU. V Square Quantitative Management LLC increased its holdings in shares of Prudential Financial by 34.7% in the 4th quarter. V Square Quantitative Management LLC now owns 6,255 shares of the financial services provider’s stock worth $649,000 after buying an additional 1,612 shares during the last quarter. Integrated Advisors Network LLC increased its stake in Prudential Financial by 600.2% during the fourth quarter. Integrated Advisors Network LLC now owns 40,189 shares of the financial services provider’s stock worth $4,168,000 after acquiring an additional 34,449 shares during the last quarter. Syon Capital LLC purchased a new stake in Prudential Financial during the fourth quarter valued at approximately $356,000. Scarborough Advisors LLC purchased a new position in shares of Prudential Financial in the 4th quarter worth approximately $151,000. Finally, Pineridge Advisors LLC bought a new position in shares of Prudential Financial during the 4th quarter valued at approximately $36,000. Institutional investors own 56.83% of the company’s stock.

Prudential Financial Stock Performance

Shares of PRU stock opened at $123.72 on Friday. The company’s 50 day moving average is $116.93 and its 200 day moving average is $117.15. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.65. The firm has a market cap of $44.42 billion, a price-to-earnings ratio of 21.04, a PEG ratio of 0.97 and a beta of 1.30. Prudential Financial, Inc. has a 52-week low of $87.95 and a 52-week high of $128.52.

Prudential Financial (NYSE:PRU) last released its quarterly earnings results on Thursday, August 1st. The financial services provider reported $3.39 EPS for the quarter, missing the consensus estimate of $3.43 by ($0.04). Prudential Financial had a return on equity of 16.00% and a net margin of 4.86%. The company had revenue of $13.84 billion during the quarter, compared to the consensus estimate of $13.78 billion. On average, sell-side analysts anticipate that Prudential Financial, Inc. will post 13.28 EPS for the current fiscal year.

Prudential Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Tuesday, August 20th were given a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date was Tuesday, August 20th. Prudential Financial’s payout ratio is currently 88.44%.

Insider Buying and Selling

In other news, major shareholder Insurance Co Of Ame Prudential purchased 261,059 shares of the business’s stock in a transaction on Tuesday, October 8th. The shares were acquired at an average cost of $27.58 per share, with a total value of $7,200,007.22. Following the completion of the acquisition, the insider now owns 4,208,549 shares of the company’s stock, valued at $116,071,781.42. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, major shareholder Insurance Co Of Ame Prudential acquired 261,059 shares of the business’s stock in a transaction dated Tuesday, October 8th. The shares were purchased at an average price of $27.58 per share, for a total transaction of $7,200,007.22. Following the completion of the acquisition, the insider now directly owns 4,208,549 shares in the company, valued at $116,071,781.42. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ann M. Kappler sold 2,839 shares of Prudential Financial stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $113.43, for a total transaction of $322,027.77. Following the completion of the sale, the executive vice president now owns 14,535 shares of the company’s stock, valued at $1,648,705.05. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.31% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have commented on the stock. Wells Fargo & Company lifted their price objective on shares of Prudential Financial from $113.00 to $116.00 and gave the stock an “equal weight” rating in a research note on Thursday. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $121.00 price target on shares of Prudential Financial in a report on Wednesday, August 21st. TD Cowen assumed coverage on shares of Prudential Financial in a research note on Wednesday. They issued a “hold” rating and a $130.00 price objective for the company. Jefferies Financial Group decreased their price target on Prudential Financial from $143.00 to $141.00 and set a “buy” rating for the company in a research note on Friday, June 28th. Finally, Bank of America lifted their target price on Prudential Financial from $109.00 to $118.00 and gave the stock a “neutral” rating in a research report on Thursday. One 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. According to data from MarketBeat.com, Prudential Financial has a consensus rating of “Hold” and an average target price of $123.69.

Prudential Financial Company 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.