Integrated Advisors Network LLC Has $848,000 Stock Position in Prudential Financial, Inc. (NYSE:PRU)

Integrated Advisors Network LLC cut its stake in Prudential Financial, Inc. (NYSE:PRU - Free Report) by 80.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,592 shares of the financial services provider's stock after selling 30,596 shares during the period. Integrated Advisors Network LLC's holdings in Prudential Financial were worth $848,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC grew its holdings in shares of Prudential Financial by 3.7% during the 4th quarter. Brighton Jones LLC now owns 3,681 shares of the financial services provider's stock worth $436,000 after purchasing an additional 133 shares during the period. Empowered Funds LLC grew its stake in Prudential Financial by 18.9% during the fourth quarter. Empowered Funds LLC now owns 13,556 shares of the financial services provider's stock worth $1,607,000 after buying an additional 2,152 shares during the period. Savant Capital LLC increased its position in shares of Prudential Financial by 0.6% in the fourth quarter. Savant Capital LLC now owns 14,382 shares of the financial services provider's stock worth $1,705,000 after acquiring an additional 83 shares in the last quarter. Essex Financial Services Inc. raised its stake in shares of Prudential Financial by 24.5% in the 4th quarter. Essex Financial Services Inc. now owns 2,233 shares of the financial services provider's stock valued at $265,000 after acquiring an additional 439 shares during the period. Finally, Kentucky Trust Co acquired a new position in shares of Prudential Financial during the 4th quarter valued at $54,000. Institutional investors and hedge funds own 56.83% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on PRU. Wall Street Zen lowered Prudential Financial from a "hold" rating to a "sell" rating in a research report on Sunday, June 8th. Piper Sandler cut their price target on Prudential Financial from $110.00 to $109.00 and set a "neutral" rating on the stock in a research note on Friday, May 2nd. Keefe, Bruyette & Woods cut their target price on Prudential Financial from $120.00 to $117.00 and set a "market perform" rating on the stock in a research report on Wednesday, May 7th. Barclays dropped their target price on shares of Prudential Financial from $134.00 to $106.00 and set an "equal weight" rating for the company in a research report on Friday, April 11th. Finally, JPMorgan Chase & Co. cut their price objective on Prudential Financial from $128.00 to $126.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 2nd. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $120.15.

Prudential Financial Trading Down 1.9%

Shares of PRU stock traded down $2.02 during trading hours on Friday, reaching $102.88. 1,358,187 shares of the stock traded hands, compared to its average volume of 1,644,045. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $36.42 billion, a PE ratio of 13.77, a PEG ratio of 0.98 and a beta of 1.07. Prudential Financial, Inc. has a 1-year low of $90.38 and a 1-year high of $130.55. The business has a fifty day moving average price of $102.87 and a 200 day moving average price of $111.35.

Prudential Financial (NYSE:PRU - Get Free Report) last released its earnings results on Wednesday, April 30th. The financial services provider reported $3.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.18 by $0.11. Prudential Financial had a return on equity of 15.86% and a net margin of 4.01%. The company had revenue of $13.61 billion during the quarter, compared to analyst estimates of $14.76 billion. During the same quarter in the prior year, the company earned $3.12 earnings per share. The company's revenue for the quarter was down 38.2% on a year-over-year basis. On average, equities research analysts forecast 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. Shareholders of record on Tuesday, May 20th were issued a dividend of $1.35 per share. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a $5.40 annualized dividend and a yield of 5.25%. Prudential Financial's dividend payout ratio (DPR) is currently 85.58%.

Insider Transactions at Prudential Financial

In other Prudential Financial news, major shareholder Insurance Co Of Ame Prudential purchased 52,595 shares of the stock in a transaction dated Tuesday, March 25th. The shares were bought at an average cost of $28.52 per share, with a total value of $1,500,009.40. Following the completion of the transaction, the insider now owns 139,987 shares in the company, valued at $3,992,429.24. This trade represents a 60.18% increase in their position. The transaction 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 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.