Prudential Financial, Inc. (NYSE:PRU) Shares Sold by Foundry Partners LLC

Foundry Partners LLC decreased its holdings in Prudential Financial, Inc. (NYSE:PRU - Free Report) by 20.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 223,738 shares of the financial services provider's stock after selling 58,409 shares during the quarter. Prudential Financial accounts for about 1.3% of Foundry Partners LLC's holdings, making the stock its 13th largest holding. Foundry Partners LLC owned 0.06% of Prudential Financial worth $24,987,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Brighton Jones LLC raised its holdings in shares of 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. Proficio Capital Partners LLC acquired a new position in shares of Prudential Financial during the fourth quarter valued at approximately $253,000. Envestnet Portfolio Solutions Inc. raised its holdings in shares of Prudential Financial by 15.1% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 14,861 shares of the financial services provider's stock valued at $1,761,000 after acquiring an additional 1,948 shares during the last quarter. Vinva Investment Management Ltd raised its holdings in shares of Prudential Financial by 13.2% during the fourth quarter. Vinva Investment Management Ltd now owns 18,742 shares of the financial services provider's stock valued at $2,214,000 after acquiring an additional 2,186 shares during the last quarter. Finally, iA Global Asset Management Inc. increased its holdings in shares of Prudential Financial by 291.5% in the fourth quarter. iA Global Asset Management Inc. now owns 6,809 shares of the financial services provider's stock valued at $807,000 after purchasing an additional 5,070 shares during the last quarter. Institutional investors and hedge funds own 56.83% of the company's stock.

Prudential Financial Stock Performance

NYSE PRU traded up $0.18 on Friday, hitting $103.31. 1,314,951 shares of the company's stock were exchanged, compared to its average volume of 1,664,214. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.17 and a quick ratio of 0.17. The firm's 50-day moving average price is $105.31 and its two-hundred day moving average price is $108.40. Prudential Financial, Inc. has a fifty-two week low of $90.38 and a fifty-two week high of $130.55. The firm has a market cap of $36.57 billion, a price-to-earnings ratio of 16.37, a P/E/G ratio of 1.02 and a beta of 1.07.

Prudential Financial (NYSE:PRU - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $3.29 earnings per share 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 business had revenue of $13.61 billion for the quarter, compared to analysts' expectations of $14.76 billion. During the same quarter in the prior year, the firm posted $3.12 EPS. The company's revenue was down 38.2% compared to the same quarter last year. On average, research analysts expect that Prudential Financial, Inc. will post 14.36 EPS for the current year.

Prudential Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 12th. Investors of record on Tuesday, May 20th were paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 5.23%. The ex-dividend date of this dividend was Tuesday, May 20th. Prudential Financial's payout ratio is currently 85.58%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on PRU shares. Wall Street Zen lowered Prudential Financial from a "hold" rating to a "sell" rating in a research report on Saturday, July 5th. JPMorgan Chase & Co. raised their price target on Prudential Financial from $126.00 to $136.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 8th. UBS Group lowered their price target on Prudential Financial from $122.00 to $110.00 and set a "neutral" rating for the company in a research report on Tuesday, May 27th. Morgan Stanley lowered their price target on Prudential Financial from $117.00 to $113.00 and set an "equal weight" rating for the company in a research report on Monday, July 14th. Finally, Wells Fargo & Company lowered their price target on Prudential Financial from $116.00 to $113.00 and set an "equal weight" rating for the company in a research report on Wednesday. Two analysts have rated the stock with a sell rating, ten have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $121.62.

Insider Buying and Selling at Prudential Financial

In other Prudential Financial news, major shareholder Insurance Co Of Ame Prudential purchased 1,675,978 shares of Prudential Financial stock in a transaction on Monday, June 16th. The shares were bought at an average price of $28.64 per share, with a total value of $48,000,009.92. Following the purchase, the insider directly owned 3,168,461 shares in the company, valued at $90,744,723.04. This trade represents a 112.29% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.25% of the stock is currently owned by corporate insiders.

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.