CHICAGO TRUST Co NA Sells 109 Shares of Prudential Financial, Inc. (NYSE:PRU)

CHICAGO TRUST Co NA reduced its stake in Prudential Financial, Inc. (NYSE:PRU) by 0.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 22,146 shares of the financial services provider’s stock after selling 109 shares during the quarter. CHICAGO TRUST Co NA’s holdings in Prudential Financial were worth $2,625,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of PRU. Avidian Wealth Enterprises LLC grew its position in shares of Prudential Financial by 1.2% in the 3rd quarter. Avidian Wealth Enterprises LLC now owns 7,357 shares of the financial services provider’s stock worth $891,000 after buying an additional 89 shares during the last quarter. Daymark Wealth Partners LLC grew its position in Prudential Financial by 3.9% during the 3rd quarter. Daymark Wealth Partners LLC now owns 2,616 shares of the financial services provider’s stock worth $317,000 after purchasing an additional 97 shares during the last quarter. UMB Bank n.a. grew its position in Prudential Financial by 2.7% during the 3rd quarter. UMB Bank n.a. now owns 3,660 shares of the financial services provider’s stock worth $443,000 after purchasing an additional 97 shares during the last quarter. Pure Financial Advisors LLC grew its position in Prudential Financial by 2.7% during the 3rd quarter. Pure Financial Advisors LLC now owns 3,748 shares of the financial services provider’s stock worth $454,000 after purchasing an additional 97 shares during the last quarter. Finally, Hardy Reed LLC grew its position in Prudential Financial by 1.6% during the 3rd quarter. Hardy Reed LLC now owns 6,202 shares of the financial services provider’s stock worth $751,000 after purchasing an additional 98 shares during the last quarter. 56.83% of the stock is owned by institutional investors.

Prudential Financial Trading Up 0.7 %

PRU stock traded up $0.83 during midday trading on Monday, hitting $115.36. 249,106 shares of the company’s stock were exchanged, compared to its average volume of 1,171,544. The business has a 50-day simple moving average of $122.52 and a two-hundred day simple moving average of $120.67. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $41.07 billion, a PE ratio of 10.25, a P/E/G ratio of 0.87 and a beta of 1.31. Prudential Financial, Inc. has a 1-year low of $100.60 and a 1-year high of $130.55.

Prudential Financial (NYSE:PRU) last released its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $3.48 EPS for the quarter, topping the consensus estimate of $3.47 by $0.01. Prudential Financial had a return on equity of 15.30% and a net margin of 6.03%. The business had revenue of $19.48 billion during the quarter, compared to analyst estimates of $14.57 billion. During the same period last year, the business posted $3.44 earnings per share. On average, sell-side analysts predict that Prudential Financial, Inc. will post 13.35 EPS for the current fiscal year.

Prudential Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Tuesday, November 19th were issued a $1.30 dividend. The ex-dividend date of this dividend was Tuesday, November 19th. This represents a $5.20 dividend on an annualized basis and a yield of 4.51%. Prudential Financial’s dividend payout ratio (DPR) is presently 46.22%.

Wall Street Analyst Weigh In

PRU has been the subject of several recent research reports. Evercore ISI raised shares of Prudential Financial from an “underperform” rating to an “inline” rating and raised their target price for the stock from $117.00 to $140.00 in a report on Thursday, November 14th. TD Cowen raised their price target on shares of Prudential Financial from $130.00 to $133.00 and gave the company a “hold” rating in a research report on Wednesday, November 27th. Bank of America increased their target price on shares of Prudential Financial from $109.00 to $118.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Jefferies Financial Group increased their target price on shares of Prudential Financial from $149.00 to $152.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Finally, Barclays upped their price target on shares of Prudential Financial from $119.00 to $129.00 and gave the stock an “equal weight” rating in a research report on Monday, January 6th. Eleven analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Prudential Financial presently has an average rating of “Hold” and an average target price of $127.17.

Insider Activity

In other news, major shareholder Insurance Co Of Ame Prudential acquired 537,249 shares of the business’s stock in a transaction on Monday, November 25th. The stock was bought at an average price of $27.92 per share, for a total transaction of $14,999,992.08. Following the transaction, the insider now owns 4,780,293 shares in the company, valued at $133,465,780.56. This represents a 12.66 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.31% of the company’s stock.

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.