2,545 Shares in Prudential Financial, Inc. $PRU Bought by Promethium Advisors LLC

Key Points

• Promethium Advisors LLC acquired 2,545 shares of Prudential Financial, Inc. for approximately $284,000 as part of its new stake in the company during the 1st quarter.
• Research analysts have varied views on Prudential Financial, with a consensus rating of "Hold" and an average price target of $122.08.
• Prudential Financial announced a quarterly dividend of $1.35, which represents an annual yield of 4.9%, with a payout ratio of approximately 119.73%.

Promethium Advisors LLC bought a new stake in shares of Prudential Financial, Inc. (NYSE:PRU - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,545 shares of the financial services provider's stock, valued at approximately $284,000.

Several other institutional investors also recently bought and sold shares of PRU. Invesco Ltd. increased its stake in shares of Prudential Financial by 2.7% in the first quarter. Invesco Ltd. now owns 4,440,003 shares of the financial services provider's stock worth $495,859,000 after purchasing an additional 116,079 shares during the period. Goldman Sachs Group Inc. grew its position in Prudential Financial by 19.2% during the first quarter. Goldman Sachs Group Inc. now owns 4,206,453 shares of the financial services provider's stock worth $469,777,000 after buying an additional 678,028 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Prudential Financial by 11.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,410,363 shares of the financial services provider's stock worth $404,230,000 after buying an additional 352,335 shares in the last quarter. Ameriprise Financial Inc. grew its position in Prudential Financial by 5.6% during the first quarter. Ameriprise Financial Inc. now owns 1,801,551 shares of the financial services provider's stock worth $201,201,000 after buying an additional 95,021 shares in the last quarter. Finally, Deutsche Bank AG grew its position in Prudential Financial by 2.3% during the first quarter. Deutsche Bank AG now owns 1,284,466 shares of the financial services provider's stock worth $143,449,000 after buying an additional 29,025 shares in the last quarter. 56.83% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Prudential Financial

In other Prudential Financial news, major shareholder Insurance Co Of Ame Prudential bought 1,675,978 shares of the company's stock in a transaction on Monday, June 16th. The stock was bought at an average price of $28.64 per share, for a total transaction of $48,000,009.92. Following the transaction, the insider owned 3,168,461 shares of the company's stock, valued at approximately $90,744,723.04. The trade was a 112.29% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Ann M. Kappler sold 4,000 shares of the company's stock in a transaction on Friday, August 29th. The shares were sold at an average price of $109.65, for a total transaction of $438,600.00. Following the sale, the executive vice president owned 21,506 shares of the company's stock, valued at $2,358,132.90. The trade was a 15.68% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.25% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. UBS Group decreased their price objective on Prudential Financial from $122.00 to $110.00 and set a "neutral" rating on the stock in a report on Tuesday, May 27th. Wall Street Zen raised Prudential Financial from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Barclays lifted their price objective on Prudential Financial from $119.00 to $120.00 and gave the company an "equal weight" rating in a report on Thursday, July 17th. Wells Fargo & Company decreased their price objective on Prudential Financial from $116.00 to $113.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 16th. Finally, Morgan Stanley lifted their price objective on Prudential Financial from $113.00 to $117.00 and gave the company an "equal weight" rating in a report on Monday, August 18th. One investment analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Prudential Financial has an average rating of "Hold" and a consensus price target of $122.08.

Prudential Financial Trading Down 3.0%

PRU stock traded down $3.22 during trading on Friday, hitting $105.62. The company had a trading volume of 1,633,016 shares, compared to its average volume of 1,470,973. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.60. The firm has a 50-day moving average price of $105.88 and a 200-day moving average price of $105.69. Prudential Financial, Inc. has a 12 month low of $90.38 and a 12 month high of $130.55. The stock has a market cap of $37.18 billion, a price-to-earnings ratio of 23.42, a PEG ratio of 0.97 and a beta of 1.07.

Prudential Financial (NYSE:PRU - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $3.58 earnings per share for the quarter, topping the consensus estimate of $3.22 by $0.36. Prudential Financial had a net margin of 2.75% and a return on equity of 15.80%. The firm had revenue of $13.50 billion during the quarter, compared to analysts' expectations of $13.47 billion. During the same quarter in the previous year, the company posted $3.39 EPS. Prudential Financial's revenue was down 2.5% on a year-over-year basis. As a group, analysts predict 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, September 11th. Shareholders of record on Tuesday, August 19th will be given a dividend of $1.35 per share. The ex-dividend date is Tuesday, August 19th. This represents a $5.40 annualized dividend and a dividend yield of 5.1%. Prudential Financial's payout ratio is presently 119.73%.

About Prudential Financial

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.