Raiffeisen Bank International AG Acquires 20,672 Shares of Prudential Financial, Inc. $PRU

Raiffeisen Bank International AG grew its holdings in Prudential Financial, Inc. (NYSE:PRU) by 31.9% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 85,380 shares of the financial services provider’s stock after acquiring an additional 20,672 shares during the period. Raiffeisen Bank International AG’s holdings in Prudential Financial were worth $8,865,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in PRU. Chilton Capital Management LLC boosted its position in Prudential Financial by 146.5% during the third quarter. Chilton Capital Management LLC now owns 350 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 208 shares during the period. Darwin Wealth Management LLC acquired a new stake in shares of Prudential Financial during the 2nd quarter worth about $36,000. AlphaCore Capital LLC bought a new stake in shares of Prudential Financial during the 2nd quarter worth about $39,000. Capital A Wealth Management LLC raised its holdings in Prudential Financial by 4,600.0% in the 2nd quarter. Capital A Wealth Management LLC now owns 376 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 368 shares during the period. Finally, Elevation Point Wealth Partners LLC acquired a new stake in Prudential Financial during the second quarter worth approximately $51,000. Institutional investors own 56.83% of the company’s stock.

Insider Transactions at Prudential Financial

In other Prudential Financial news, Director Thomas D. Stoddard bought 250 shares of the firm’s stock in a transaction on Tuesday, February 17th. The shares were purchased at an average price of $102.97 per share, for a total transaction of $25,742.50. Following the completion of the transaction, the director directly owned 250 shares in the company, valued at approximately $25,742.50. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Jacques Chappuis bought 1,000 shares of the company’s stock in a transaction dated Friday, February 6th. The stock was bought at an average cost of $100.97 per share, with a total value of $100,970.00. Following the acquisition, the executive vice president directly owned 1,000 shares of the company’s stock, valued at approximately $100,970. The trade was a ∞ increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have acquired 1,408,389 shares of company stock worth $35,154,439. 0.25% of the stock is owned by insiders.

Prudential Financial Trading Up 0.7%

PRU opened at $103.48 on Friday. The stock has a market capitalization of $36.01 billion, a price-to-earnings ratio of 10.35, a P/E/G ratio of 1.17 and a beta of 0.97. 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 twelve month low of $90.38 and a twelve month high of $119.76. The company has a 50-day simple moving average of $110.81 and a 200 day simple moving average of $107.42.

Prudential Financial (NYSE:PRU) last issued its earnings results on Tuesday, February 3rd. The financial services provider reported $3.30 EPS for the quarter, missing the consensus estimate of $3.37 by ($0.07). Prudential Financial had a net margin of 6.20% and a return on equity of 16.32%. The firm had revenue of $15.69 billion during the quarter, compared to analyst estimates of $14.48 billion. During the same quarter in the previous year, the firm posted $2.96 earnings per share. Analysts predict that Prudential Financial, Inc. will post 14.36 EPS for the current fiscal year.

Prudential Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Tuesday, February 17th will be paid a dividend of $1.40 per share. The ex-dividend date is Tuesday, February 17th. This is a boost from Prudential Financial’s previous quarterly dividend of $1.35. This represents a $5.60 annualized dividend and a yield of 5.4%. Prudential Financial’s dividend payout ratio is currently 56.00%.

Wall Street Analyst Weigh In

PRU has been the topic of a number of recent research reports. JPMorgan Chase & Co. lowered their target price on Prudential Financial from $133.00 to $127.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 4th. Wall Street Zen downgraded Prudential Financial from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. Wells Fargo & Company upped their price target on shares of Prudential Financial from $113.00 to $115.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 13th. Mizuho dropped their price objective on shares of Prudential Financial from $126.00 to $113.00 and set a “neutral” rating for the company in a research note on Tuesday, February 10th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Prudential Financial from $117.00 to $118.00 and gave the stock a “market perform” rating in a research report on Monday, November 3rd. One investment analyst has rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $117.11.

Prudential Financial Profile

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.