Capital Advisors Inc. OK Buys 21,292 Shares of Prudential Financial, Inc. $PRU

Capital Advisors Inc. OK raised its position in shares of Prudential Financial, Inc. (NYSE:PRU) by 5.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 405,696 shares of the financial services provider’s stock after purchasing an additional 21,292 shares during the quarter. Capital Advisors Inc. OK’s holdings in Prudential Financial were worth $45,795,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Legal & General Group Plc boosted its stake in shares of Prudential Financial by 2.4% in the 3rd quarter. Legal & General Group Plc now owns 2,701,116 shares of the financial services provider’s stock valued at $280,214,000 after purchasing an additional 62,366 shares during the last quarter. Nordea Investment Management AB lifted its holdings in Prudential Financial by 16.6% in the fourth quarter. Nordea Investment Management AB now owns 2,044,374 shares of the financial services provider’s stock valued at $231,321,000 after buying an additional 291,422 shares during the period. First Trust Advisors LP boosted its position in Prudential Financial by 1.5% during the third quarter. First Trust Advisors LP now owns 1,172,443 shares of the financial services provider’s stock valued at $121,629,000 after acquiring an additional 17,030 shares during the last quarter. Norges Bank bought a new stake in Prudential Financial during the second quarter valued at $122,778,000. Finally, Federated Hermes Inc. grew its holdings in Prudential Financial by 0.7% during the 3rd quarter. Federated Hermes Inc. now owns 1,095,031 shares of the financial services provider’s stock worth $113,599,000 after acquiring an additional 7,526 shares during the period. Institutional investors own 56.83% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. UBS Group boosted their price objective on Prudential Financial from $111.00 to $116.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th. Keefe, Bruyette & Woods assumed coverage on Prudential Financial in a report on Thursday, March 26th. They issued a “hold” rating and a $106.00 target price for the company. Evercore reissued a “negative” rating on shares of Prudential Financial in a research note on Friday, March 6th. Weiss Ratings downgraded shares of Prudential Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, March 13th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Prudential Financial from $133.00 to $127.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 4th. Nine equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Prudential Financial has a consensus rating of “Reduce” and a consensus target price of $113.89.

Insider Buying and Selling at Prudential Financial

In other Prudential Financial news, Director Joseph J. Wolk bought 400 shares of the stock in a transaction that occurred on Wednesday, February 11th. The shares were bought at an average price of $105.32 per share, for a total transaction of $42,128.00. Following the acquisition, the director directly owned 400 shares of the company’s stock, valued at approximately $42,128. The trade was a ? increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jacques Chappuis purchased 1,000 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The stock was acquired at an average cost of $100.97 per share, for a total transaction of $100,970.00. Following the transaction, the executive vice president owned 1,000 shares in the company, valued at $100,970. This represents a ? increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders purchased 1,408,389 shares of company stock valued at $35,154,439. Insiders own 0.25% of the company’s stock.

Prudential Financial Price Performance

Shares of NYSE:PRU opened at $97.57 on Wednesday. Prudential Financial, Inc. has a twelve month low of $90.38 and a twelve month high of $119.76. The stock’s 50 day moving average is $100.60 and its 200-day moving average is $105.44. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $33.94 billion, a price-to-earnings ratio of 9.76, a PEG ratio of 1.16 and a beta of 0.98.

Prudential Financial (NYSE:PRU) last posted its quarterly earnings results on Tuesday, February 3rd. The financial services provider reported $3.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.37 by ($0.07). The business had revenue of $14.52 billion during the quarter, compared to analyst estimates of $14.48 billion. Prudential Financial had a net margin of 6.20% and a return on equity of 16.32%. During the same period in the previous year, the business posted $2.96 EPS. Sell-side analysts forecast that Prudential Financial, Inc. will post 14.36 EPS for the current fiscal year.

Prudential Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 12th. Stockholders of record on Tuesday, February 17th were issued a dividend of $1.40 per share. This is an increase from Prudential Financial’s previous quarterly dividend of $1.35. This represents a $5.60 dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date was Tuesday, February 17th. Prudential Financial’s dividend payout ratio is 56.00%.

Prudential Financial Company 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.