NBT Bank N.A. Makes New $2.21 Million Investment in Prudential Financial, Inc. $PRU

Key Points

• NBT Bank initiated a $2.21 million position in Prudential Financial during the third quarter by purchasing 19,493 shares. Institutional investors collectively own 56.83% of PRU’s outstanding stock.
• Analyst sentiment is cautious: PRU has one Buy, 10 Hold and five Sell ratings, producing a consensus “Reduce” rating and an average price target of $106.92.
• Prudential reported quarterly EPS of $4.08, beating estimates of $3.52, and maintains a quarterly dividend of $1.40, equivalent to a 4.7% annualized yield.

NBT Bank N.A. purchased a new stake in Prudential Financial, Inc. (NYSE:PRU - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 19,493 shares of the financial services provider's stock, valued at approximately $2,214,000.

Several other hedge funds also recently modified their holdings of the company. Plimoth Trust Co. LLC increased its holdings in Prudential Financial by 2.4% in the 2nd quarter. Plimoth Trust Co. LLC now owns 3,860 shares of the financial services provider's stock worth $417,000 after purchasing an additional 90 shares in the last quarter. Security National Bank of SO Dak boosted its stake in shares of Prudential Financial by 0.6% during the second quarter. Security National Bank of SO Dak now owns 14,676 shares of the financial services provider's stock valued at $1,584,000 after purchasing an additional 90 shares in the last quarter. Keating Financial Advisory Services Inc. boosted its stake in shares of Prudential Financial by 34.8% during the second quarter. Keating Financial Advisory Services Inc. now owns 395 shares of the financial services provider's stock valued at $43,000 after purchasing an additional 102 shares in the last quarter. Apella Capital LLC grew its holdings in shares of Prudential Financial by 3.7% during the first quarter. Apella Capital LLC now owns 2,979 shares of the financial services provider's stock worth $303,000 after purchasing an additional 106 shares during the last quarter. Finally, Magnus Financial Group LLC grew its holdings in shares of Prudential Financial by 4.8% during the third quarter. Magnus Financial Group LLC now owns 2,472 shares of the financial services provider's stock worth $281,000 after purchasing an additional 113 shares during the last quarter. Institutional investors and hedge funds own 56.83% of the company's stock.

Analyst Upgrades and Downgrades

PRU has been the subject of several recent research reports. Wall Street Zen downgraded Prudential Financial from a "buy" rating to a "hold" rating in a research note on Monday, September 28th. Keefe, Bruyette & Woods cut their target price on shares of Prudential Financial from $123.00 to $119.00 and set a "market perform" rating on the stock in a research report on Friday, October 16th. JPMorgan Chase & Co. cut their target price on shares of Prudential Financial from $127.00 to $124.00 and set a "neutral" rating on the stock in a research report on Thursday. Weiss Ratings lowered shares of Prudential Financial from a "buy (b)" rating to a "buy (b-)" rating in a report on Wednesday, October 14th. Finally, Barclays decreased their price target on shares of Prudential Financial from $96.00 to $94.00 and set an "underweight" rating for the company in a research report on Monday. One equities research analyst has rated the stock with a Buy rating, ten have issued a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Reduce" and an average price target of $106.92.

Prudential Financial Price Performance

Prudential Financial stock opened at $118.14 on Friday. The stock's 50 day moving average is $117.85 and its 200 day moving average is $111.39. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.16 and a quick ratio of 0.16. The firm has a market cap of $40.76 billion, a P/E ratio of 10.70, a P/E/G ratio of 1.73 and a beta of 0.85. Prudential Financial, Inc. has a one year low of $91.89 and a one year high of $127.72.

Prudential Financial (NYSE:PRU - Get Free Report) last announced its earnings results on Tuesday, August 4th. The financial services provider reported $4.08 EPS for the quarter, beating the consensus estimate of $3.52 by $0.56. Prudential Financial had a return on equity of 16.68% and a net margin of 6.51%. The business had revenue of $14.15 billion for the quarter, compared to analysts' expectations of $14.36 billion. During the same period in the prior year, the business posted $3.58 earnings per share. As a group, research analysts expect that Prudential Financial, Inc. will post 14.37 EPS for the current year.

Prudential Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Tuesday, August 25th were paid a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend was Tuesday, August 25th. Prudential Financial's dividend payout ratio is currently 50.72%.

More Prudential Financial News

Here are the key news stories impacting Prudential Financial this week:

• Positive Sentiment: Prudential is partnering with SoFi to offer life-insurance products through SoFi’s app to its approximately 15 million members. The agreement could expand Prudential’s digital distribution, customer reach and new-business opportunities. SoFi and Prudential Financial team up to expand access to life insurance
• Positive Sentiment: Prudential’s planned sale of its Brazil and Mexico businesses for roughly $4 billion may support capital generation and sharpen the company’s focus on core markets, though investors will watch how proceeds are deployed. Newark's Prudential Sells Brazil, Mexico Units for $4 Billion in Market Exit Push
• Neutral Sentiment: JPMorgan lowered its price target to $124 from $127 while maintaining a “neutral” rating. The revised target still implies modest upside, but the cut signals limited near-term conviction. JPMorgan lowers Prudential Financial price target
• Neutral Sentiment: Prudential Wealth Advisors plans to increase recruiting under a centralized operating model. The move could strengthen its advisor platform over time, but near-term financial effects are unclear. Prudential Wealth Advisors set to ramp up recruiting with new centralized model
• Negative Sentiment: Dowling & Partners reduced its EPS forecasts to $13.80 for fiscal 2027 and $15.30 for fiscal 2028, from $14.60 and $16.15, respectively. The lower estimates point to weaker expected earnings momentum. Prudential Financial analyst earnings estimates
• Negative Sentiment: TD Cowen cut its price target to $112 from $114 and kept a “hold” rating, implying downside from recent trading levels. Barclays and Morgan Stanley have also recently lowered expectations, creating a broadly cautious analyst backdrop. Analyst target reductions for Prudential Financial

Insider Buying and Selling at Prudential Financial

In other news, EVP Ann Kappler sold 7,652 shares of the stock in a transaction on Friday, August 14th. The shares were sold at an average price of $125.01, for a total transaction of $956,576.52. Following the completion of the sale, the executive vice president directly owned 14,407 shares in the company, valued at $1,801,019.07. This represents a 34.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Insurance Co Of Ame Prudential sold 214,746 shares of Prudential Financial stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $24.75, for a total transaction of $5,314,963.50. Following the transaction, the insider directly owned 7,973,657 shares of the company's stock, valued at $197,348,010.75. This represents a 2.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.05% of the company's stock.

About Prudential Financial

Prudential Financial, Inc NYSE: PRU is a global financial services company that provides insurance, retirement, investment management and related financial products. Founded in Newark, New Jersey, in 1875, the company serves individuals, businesses and institutional investors through a range of businesses and distribution channels.

In the United States, Prudential offers life insurance, annuities, retirement plans and employee benefits, including group life, disability and dental insurance.

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