Asset Management One Co. Ltd. Decreases Holdings in Prudential Financial, Inc. $PRU

Asset Management One Co. Ltd. decreased its position in shares of Prudential Financial, Inc. (NYSE:PRU - Free Report) by 3.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 169,920 shares of the financial services provider's stock after selling 5,274 shares during the period. Asset Management One Co. Ltd.'s holdings in Prudential Financial were worth $18,256,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PRU. Brighton Jones LLC lifted its position in Prudential Financial by 3.7% during the fourth quarter. Brighton Jones LLC now owns 3,681 shares of the financial services provider's stock valued at $436,000 after acquiring an additional 133 shares during the last quarter. GAMMA Investing LLC lifted its position in Prudential Financial by 1.9% during the first quarter. GAMMA Investing LLC now owns 7,771 shares of the financial services provider's stock valued at $868,000 after acquiring an additional 145 shares during the last quarter. Golden State Wealth Management LLC raised its holdings in shares of Prudential Financial by 1,652.0% in the first quarter. Golden State Wealth Management LLC now owns 1,787 shares of the financial services provider's stock worth $200,000 after buying an additional 1,685 shares during the last quarter. Park Place Capital Corp raised its holdings in shares of Prudential Financial by 1,841.2% in the first quarter. Park Place Capital Corp now owns 330 shares of the financial services provider's stock worth $37,000 after buying an additional 313 shares during the last quarter. Finally, Trust Co. of Vermont raised its holdings in shares of Prudential Financial by 8.0% in the first quarter. Trust Co. of Vermont now owns 1,603 shares of the financial services provider's stock worth $179,000 after buying an additional 119 shares during the last quarter. Hedge funds and other institutional investors own 56.83% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Piper Sandler decreased their price target on shares of Prudential Financial from $109.00 to $108.00 and set a "neutral" rating for the company in a report on Wednesday, July 16th. Barclays decreased their price target on shares of Prudential Financial from $120.00 to $117.00 and set an "equal weight" rating for the company in a report on Wednesday, October 8th. JPMorgan Chase & Co. raised their price target on shares of Prudential Financial from $126.00 to $136.00 and gave the stock a "neutral" rating in a report on Tuesday, July 8th. Morgan Stanley raised their price target on shares of Prudential Financial from $117.00 to $118.00 and gave the stock an "equal weight" rating in a report on Tuesday, October 7th. Finally, Wells Fargo & Company cut their price objective on shares of Prudential Financial from $116.00 to $113.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 16th. One research analyst has rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $122.27.

Prudential Financial Stock Up 0.5%

NYSE:PRU opened at $102.23 on Friday. The firm has a market capitalization of $35.99 billion, a P/E ratio of 22.67, a PEG ratio of 0.90 and a beta of 1.04. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.16 and a quick ratio of 0.16. The company's fifty day moving average price is $104.68 and its 200-day moving average price is $104.27. Prudential Financial, Inc. has a 1-year low of $90.38 and a 1-year high of $130.55.

Prudential Financial (NYSE:PRU - Get Free Report) last released its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $3.58 EPS for the quarter. The company had revenue of $8.35 billion for the quarter. Prudential Financial had a net margin of 2.75% and a return on equity of 15.80%. As a group, equities research analysts anticipate that Prudential Financial, Inc. will post 14.36 EPS for the current year.

Prudential Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 11th. Investors of record on Tuesday, August 19th were given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 5.3%. The ex-dividend date was Tuesday, August 19th. Prudential Financial's dividend payout ratio (DPR) is currently 119.73%.

Insider Buying and Selling

In related news, EVP Ann M. Kappler sold 4,000 shares of the firm's stock in a transaction on Friday, August 29th. The shares were sold at an average price of $109.65, for a total transaction of $438,600.00. Following the sale, the executive vice president owned 21,506 shares in the company, valued at approximately $2,358,132.90. This trade represents a 15.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.25% of the company's stock.

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.

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