Prudential Financial, Inc. $PRU Shares Acquired by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC increased its position in shares of Prudential Financial, Inc. (NYSE:PRU) by 12.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,390 shares of the financial services provider’s stock after purchasing an additional 798 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Prudential Financial were worth $794,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Advisors Capital Management LLC boosted its holdings in shares of Prudential Financial by 5.0% in the 2nd quarter. Advisors Capital Management LLC now owns 2,975 shares of the financial services provider’s stock valued at $320,000 after acquiring an additional 142 shares during the last quarter. Arvest Bank Trust Division boosted its holdings in Prudential Financial by 1.6% in the second quarter. Arvest Bank Trust Division now owns 22,646 shares of the financial services provider’s stock valued at $2,433,000 after purchasing an additional 367 shares during the last quarter. Good Life Advisors LLC grew its position in Prudential Financial by 26.7% during the 2nd quarter. Good Life Advisors LLC now owns 17,670 shares of the financial services provider’s stock worth $1,898,000 after purchasing an additional 3,725 shares during the period. Candriam S.C.A. raised its stake in shares of Prudential Financial by 15.9% during the 2nd quarter. Candriam S.C.A. now owns 43,076 shares of the financial services provider’s stock valued at $4,628,000 after buying an additional 5,904 shares during the last quarter. Finally, Impax Asset Management Group plc lifted its holdings in shares of Prudential Financial by 684.7% in the 2nd quarter. Impax Asset Management Group plc now owns 64,536 shares of the financial services provider’s stock valued at $6,934,000 after buying an additional 56,312 shares during the period. Institutional investors and hedge funds own 56.83% of the company’s stock.

Wall Street Analysts Forecast Growth

PRU has been the subject of several recent research reports. Wolfe Research assumed coverage on Prudential Financial in a research report on Tuesday, September 16th. They set a “peer perform” rating for the company. Wall Street Zen raised shares of Prudential Financial from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Weiss Ratings reissued a “hold (c+)” rating on shares of Prudential Financial in a report on Thursday, November 13th. Evercore ISI lifted their price objective on shares of Prudential Financial from $120.00 to $122.00 and gave the company an “in-line” rating in a report on Thursday, October 30th. Finally, 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 research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $120.73.

Insider Buying and Selling at Prudential Financial

In other Prudential Financial news, Chairman Charles F. Lowrey sold 48,164 shares of the firm’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $107.39, for a total value of $5,172,331.96. Following the transaction, the chairman owned 165,564 shares in the company, valued at approximately $17,779,917.96. This trade represents a 22.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Ann M. Kappler sold 4,000 shares of the company’s stock in a transaction on Friday, August 29th. The stock was sold at an average price of $109.65, for a total transaction of $438,600.00. Following the sale, the executive vice president directly owned 21,506 shares of the company’s stock, valued at $2,358,132.90. The trade was a 15.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.25% of the stock is currently owned by corporate insiders.

Prudential Financial Stock Down 0.8%

Shares of NYSE PRU opened at $102.73 on Wednesday. The firm has a market cap of $35.96 billion, a price-to-earnings ratio of 14.11, a price-to-earnings-growth ratio of 0.88 and a beta of 1.05. The company’s 50-day simple moving average is $103.59 and its 200-day simple moving average is $104.71. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.60. Prudential Financial, Inc. has a 52-week low of $90.38 and a 52-week high of $130.55.

Prudential Financial (NYSE:PRU) last issued its quarterly 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 4.65% and a return on equity of 16.98%. The firm had revenue of $8.35 billion for the quarter. Equities analysts predict that Prudential Financial, Inc. will post 14.36 EPS for the current fiscal year.

Prudential Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Tuesday, November 18th will be given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 5.3%. The ex-dividend date is Tuesday, November 18th. Prudential Financial’s payout ratio is presently 74.18%.

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.