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Capital Advisors Inc. OK Has $31.53 Million Stock Position in Prudential Financial, Inc. (NYSE:PRU)

Prudential Financial logo with Finance background

Capital Advisors Inc. OK raised its stake in shares of Prudential Financial, Inc. (NYSE:PRU - Free Report) by 7.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 282,298 shares of the financial services provider's stock after buying an additional 20,060 shares during the period. Capital Advisors Inc. OK owned approximately 0.08% of Prudential Financial worth $31,527,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PRU. Exchange Traded Concepts LLC raised its holdings in Prudential Financial by 9.7% during the first quarter. Exchange Traded Concepts LLC now owns 2,501 shares of the financial services provider's stock worth $279,000 after purchasing an additional 222 shares in the last quarter. Bridgewater Associates LP raised its position in Prudential Financial by 41.8% in the fourth quarter. Bridgewater Associates LP now owns 388,349 shares of the financial services provider's stock worth $46,031,000 after acquiring an additional 114,459 shares in the last quarter. Sound Income Strategies LLC lifted its holdings in Prudential Financial by 9.0% in the 1st quarter. Sound Income Strategies LLC now owns 35,408 shares of the financial services provider's stock valued at $3,954,000 after acquiring an additional 2,913 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Prudential Financial by 3.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 79,888 shares of the financial services provider's stock valued at $8,922,000 after purchasing an additional 2,623 shares in the last quarter. Finally, Verity & Verity LLC raised its holdings in shares of Prudential Financial by 3.6% in the 1st quarter. Verity & Verity LLC now owns 189,321 shares of the financial services provider's stock worth $21,143,000 after purchasing an additional 6,620 shares in the last quarter. 56.83% of the stock is currently owned by institutional investors.

Prudential Financial Stock Down 2.4%

Prudential Financial stock traded down $2.60 during mid-day trading on Monday, hitting $106.48. 1,402,009 shares of the company's stock were exchanged, compared to its average volume of 1,659,935. Prudential Financial, Inc. has a 1-year low of $90.38 and a 1-year high of $130.55. The stock has a 50 day moving average of $104.87 and a two-hundred day moving average of $109.22. The stock has a market cap of $37.69 billion, a P/E ratio of 16.87, a P/E/G ratio of 1.04 and a beta of 1.07. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.65.

Prudential Financial (NYSE:PRU - Get Free Report) last announced its earnings results on Wednesday, April 30th. The financial services provider reported $3.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.18 by $0.11. Prudential Financial had a return on equity of 15.84% and a net margin of 3.84%. The firm had revenue of $13.61 billion during the quarter, compared to analysts' expectations of $14.76 billion. During the same quarter in the prior year, the business earned $3.12 earnings per share. The company's revenue was down 38.2% on a year-over-year basis. As a group, analysts anticipate that Prudential Financial, Inc. will post 14.36 EPS for the current fiscal year.

Prudential Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 12th. Investors of record on Tuesday, May 20th were paid a dividend of $1.35 per share. The ex-dividend date was Tuesday, May 20th. This represents a $5.40 annualized dividend and a yield of 5.07%. Prudential Financial's payout ratio is 85.58%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on PRU shares. JPMorgan Chase & Co. decreased their price target on shares of Prudential Financial from $128.00 to $126.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 2nd. UBS Group decreased their target price on Prudential Financial from $122.00 to $110.00 and set a "neutral" rating on the stock in a report on Tuesday, May 27th. Piper Sandler decreased their price target on Prudential Financial from $110.00 to $109.00 and set a "neutral" rating for the company in a research report on Friday, May 2nd. Barclays boosted their price target on shares of Prudential Financial from $109.00 to $119.00 and gave the company an "equal weight" rating in a report on Monday. Finally, Keefe, Bruyette & Woods lowered their price target on Prudential Financial from $120.00 to $117.00 and set a "market perform" rating on the stock in a report on Wednesday, May 7th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Prudential Financial currently has an average rating of "Hold" and an average target price of $121.15.

Check Out Our Latest Stock Analysis on Prudential Financial

Insider Buying and Selling

In other Prudential Financial news, major shareholder Insurance Co Of Ame Prudential acquired 1,675,978 shares of Prudential Financial stock in a transaction dated Monday, June 16th. The stock was bought at an average cost of $28.64 per share, with a total value of $48,000,009.92. Following the completion of the transaction, the insider owned 3,168,461 shares of the company's stock, valued at $90,744,723.04. The trade was a 112.29% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.25% of the stock is currently owned by corporate insiders.

Prudential Financial Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Prudential Financial (NYSE:PRU)

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