Prudential Financial, Inc. $PRU Shares Sold by BOK Financial Private Wealth Inc.

BOK Financial Private Wealth Inc. cut its position in shares of Prudential Financial, Inc. (NYSE:PRU) by 37.6% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 873 shares of the financial services provider’s stock after selling 527 shares during the quarter. BOK Financial Private Wealth Inc.’s holdings in Prudential Financial were worth $94,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Meeder Asset Management Inc. boosted its position in shares of Prudential Financial by 90.2% in the 1st quarter. Meeder Asset Management Inc. now owns 234 shares of the financial services provider’s stock worth $26,000 after buying an additional 111 shares in the last quarter. Cheviot Value Management LLC purchased a new position in Prudential Financial during the 1st quarter valued at about $26,000. AlphaQuest LLC raised its position in Prudential Financial by 12,250.0% during the first quarter. AlphaQuest LLC now owns 247 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 245 shares during the last quarter. Clearstead Trust LLC lifted its holdings in shares of Prudential Financial by 350.8% in the first quarter. Clearstead Trust LLC now owns 266 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 207 shares in the last quarter. Finally, N.E.W. Advisory Services LLC acquired a new stake in shares of Prudential Financial in the first quarter valued at approximately $45,000. Institutional investors and hedge funds own 56.83% of the company’s stock.

Prudential Financial Stock Performance

Shares of PRU stock opened at $107.04 on Tuesday. The firm has a market capitalization of $37.46 billion, a price-to-earnings ratio of 14.70, a price-to-earnings-growth ratio of 0.88 and a beta of 1.05. The company has a 50 day moving average price of $103.70 and a 200 day moving average price of $104.59. Prudential Financial, Inc. has a one year low of $90.38 and a one year high of $130.55. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.16 and a current ratio of 0.16.

Prudential Financial (NYSE:PRU) last announced its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $3.58 earnings per share (EPS) for the quarter. The company had revenue of $8.35 billion during the quarter. Prudential Financial had a net margin of 4.65% and a return on equity of 16.98%. Sell-side analysts anticipate that Prudential Financial, Inc. will post 14.36 EPS for the current year.

Prudential Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Tuesday, November 18th will be issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date is Tuesday, November 18th. Prudential Financial’s dividend payout ratio (DPR) is 74.18%.

Insider Buying and Selling at Prudential Financial

In other news, EVP Ann M. Kappler sold 4,000 shares of the business’s stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $109.65, for a total transaction of $438,600.00. Following the completion of the sale, the executive vice president owned 21,506 shares in the company, valued at approximately $2,358,132.90. The trade was a 15.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.25% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on PRU. Wells Fargo & Company cut their price objective on Prudential Financial from $116.00 to $113.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 16th. Barclays cut their price target on Prudential Financial from $120.00 to $117.00 and set an “equal weight” rating for the company in a report on Wednesday, October 8th. Evercore ISI upped their price objective on Prudential Financial from $120.00 to $122.00 and gave the company an “in-line” rating in a research report on Thursday, October 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Prudential Financial in a research report on Wednesday, October 8th. Finally, Wolfe Research initiated coverage on shares of Prudential Financial in a research note on Tuesday, September 16th. They issued a “peer perform” rating for the company. One equities research analyst has rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Prudential Financial presently has an average rating of “Hold” and an average price target of $120.73.

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.