Robeco Institutional Asset Management B.V. Acquires 3,235 Shares of Prudential Financial, Inc. (NYSE:PRU)

Robeco Institutional Asset Management B.V. lifted its holdings in Prudential Financial, Inc. (NYSE:PRU) by 1.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 205,595 shares of the financial services provider’s stock after purchasing an additional 3,235 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.06% of Prudential Financial worth $24,369,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in PRU. Asset Dedication LLC lifted its position in Prudential Financial by 28.4% during the 4th quarter. Asset Dedication LLC now owns 420 shares of the financial services provider’s stock worth $50,000 after buying an additional 93 shares in the last quarter. Orca Wealth Management LLC bought a new stake in Prudential Financial during the fourth quarter worth about $3,424,000. Perigon Wealth Management LLC boosted its position in Prudential Financial by 4.8% during the fourth quarter. Perigon Wealth Management LLC now owns 5,455 shares of the financial services provider’s stock valued at $646,000 after purchasing an additional 249 shares during the last quarter. VCI Wealth Management LLC increased its position in shares of Prudential Financial by 65.7% during the 4th quarter. VCI Wealth Management LLC now owns 19,812 shares of the financial services provider’s stock worth $2,348,000 after purchasing an additional 7,855 shares during the last quarter. Finally, Buffington Mohr McNeal bought a new stake in shares of Prudential Financial during the 4th quarter worth approximately $308,000. Institutional investors and hedge funds own 56.83% of the company’s stock.

Insiders Place Their Bets

In other Prudential Financial news, major shareholder Insurance Co Of Ame Prudential bought 537,249 shares of Prudential Financial stock in a transaction on Monday, November 25th. The shares were purchased at an average price of $27.92 per share, with a total value of $14,999,992.08. Following the acquisition, the insider now owns 4,780,293 shares in the company, valued at $133,465,780.56. This trade represents a 12.66 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.31% of the company’s stock.

Prudential Financial Stock Performance

Shares of NYSE:PRU opened at $121.89 on Friday. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.60. Prudential Financial, Inc. has a 12-month low of $100.60 and a 12-month high of $130.55. The company’s 50 day moving average price is $121.04 and its two-hundred day moving average price is $120.66. The firm has a market cap of $43.39 billion, a PE ratio of 10.83, a PEG ratio of 1.09 and a beta of 1.31.

Prudential Financial (NYSE:PRU) last announced its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $3.48 earnings per share for the quarter, beating the consensus estimate of $3.47 by $0.01. The firm had revenue of $19.48 billion during the quarter, compared to analysts’ expectations of $14.57 billion. Prudential Financial had a return on equity of 15.30% and a net margin of 6.03%. During the same period in the previous year, the firm earned $3.44 EPS. Equities research analysts predict that Prudential Financial, Inc. will post 13.24 earnings per share for the current year.

Prudential Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Tuesday, November 19th were given a dividend of $1.30 per share. The ex-dividend date was Tuesday, November 19th. This represents a $5.20 annualized dividend and a yield of 4.27%. Prudential Financial’s dividend payout ratio is 46.22%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on PRU shares. Piper Sandler lowered their target price on shares of Prudential Financial from $127.00 to $124.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. TD Cowen boosted their price objective on shares of Prudential Financial from $130.00 to $133.00 and gave the stock a “hold” rating in a research note on Wednesday, November 27th. Keefe, Bruyette & Woods cut their target price on shares of Prudential Financial from $135.00 to $129.00 and set a “market perform” rating for the company in a research note on Thursday, January 16th. Bank of America boosted their price target on Prudential Financial from $109.00 to $118.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Finally, Wells Fargo & Company cut their price objective on Prudential Financial from $117.00 to $115.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Prudential Financial currently has an average rating of “Hold” and an average price target of $125.31.

Prudential Financial 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.