iSAM Funds UK Ltd Invests $1.12 Million in Prudential Financial, Inc. (NYSE:PRU)

iSAM Funds UK Ltd bought a new stake in shares of Prudential Financial, Inc. (NYSE:PRU - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,442 shares of the financial services provider's stock, valued at approximately $1,119,000. Prudential Financial makes up approximately 0.8% of iSAM Funds UK Ltd's investment portfolio, making the stock its 22nd largest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in PRU. Norges Bank bought a new stake in shares of Prudential Financial during the 4th quarter valued at about $115,878,000. Northern Trust Corp raised its stake in Prudential Financial by 23.7% during the 4th quarter. Northern Trust Corp now owns 4,686,690 shares of the financial services provider's stock worth $555,513,000 after buying an additional 897,916 shares during the period. Raymond James Financial Inc. acquired a new position in Prudential Financial during the 4th quarter worth approximately $76,303,000. Marshall Wace LLP raised its stake in Prudential Financial by 322.9% during the 4th quarter. Marshall Wace LLP now owns 711,102 shares of the financial services provider's stock worth $84,287,000 after buying an additional 542,964 shares during the period. Finally, Amundi raised its stake in Prudential Financial by 32.7% during the 4th quarter. Amundi now owns 1,535,514 shares of the financial services provider's stock worth $181,851,000 after buying an additional 378,266 shares during the period. Institutional investors own 56.83% of the company's stock.

Insider Activity

In other news, major shareholder Insurance Co Of Ame Prudential acquired 52,595 shares of Prudential Financial stock in a transaction on Tuesday, March 25th. The stock was acquired at an average cost of $28.52 per share, with a total value of $1,500,009.40. Following the completion of the acquisition, the insider now owns 139,987 shares in the company, valued at approximately $3,992,429.24. This trade represents a 60.18% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Andrew F. Sullivan sold 6,000 shares of the stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $105.98, for a total value of $635,880.00. Following the transaction, the executive vice president now directly owns 27,072 shares of the company's stock, valued at approximately $2,869,090.56. This trade represents a 18.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.25% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Barclays dropped their price target on Prudential Financial from $134.00 to $106.00 and set an "equal weight" rating on the stock in a research note on Friday, April 11th. Morgan Stanley upped their price target on Prudential Financial from $108.00 to $117.00 and gave the stock an "equal weight" rating in a research note on Monday, May 19th. Keefe, Bruyette & Woods dropped their price target on Prudential Financial from $120.00 to $117.00 and set a "market perform" rating on the stock in a research note on Wednesday, May 7th. Wells Fargo & Company increased their price objective on Prudential Financial from $108.00 to $113.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 6th. Finally, JPMorgan Chase & Co. lowered their price objective on Prudential Financial from $128.00 to $126.00 and set a "neutral" rating for the company in a research note on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Prudential Financial presently has an average rating of "Hold" and a consensus price target of $121.08.

Prudential Financial Stock Performance

Shares of PRU stock traded down $0.33 during trading on Friday, hitting $102.00. The company's stock had a trading volume of 1,499,856 shares, compared to its average volume of 1,627,073. The company has a market cap of $36.11 billion, a PE ratio of 13.65, a P/E/G ratio of 0.98 and a beta of 1.07. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.68. The business has a fifty day moving average of $104.32 and a 200-day moving average of $113.33. Prudential Financial, Inc. has a 52 week low of $90.38 and a 52 week high of $130.55.

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 the consensus estimate of $3.18 by $0.11. The company had revenue of $13.61 billion during the quarter, compared to analyst estimates of $14.76 billion. Prudential Financial had a return on equity of 15.86% and a net margin of 4.01%. Prudential Financial's quarterly revenue was down 38.2% on a year-over-year basis. During the same period in the prior year, the company posted $3.12 earnings per share. As a group, research analysts anticipate that Prudential Financial, Inc. will post 14.36 earnings per share for the current year.

Prudential Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Tuesday, May 20th will be issued a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 5.29%. The ex-dividend date of this dividend is Tuesday, May 20th. Prudential Financial's dividend payout ratio is presently 85.58%.

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.