Kintegral Advisory LLC Sells 10,704 Shares of Prudential Financial, Inc. (NYSE:PRU)

Kintegral Advisory LLC decreased its holdings in shares of Prudential Financial, Inc. (NYSE:PRU - Free Report) by 32.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,823 shares of the financial services provider's stock after selling 10,704 shares during the quarter. Kintegral Advisory LLC's holdings in Prudential Financial were worth $2,437,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. North Capital Inc. bought a new stake in Prudential Financial during the 1st quarter valued at $28,000. Opal Wealth Advisors LLC purchased a new stake in Prudential Financial during the first quarter valued at about $30,000. Hopwood Financial Services Inc. purchased a new stake in Prudential Financial during the fourth quarter valued at about $34,000. Lee Danner & Bass Inc. purchased a new stake in Prudential Financial during the fourth quarter valued at about $35,000. Finally, TCTC Holdings LLC purchased a new stake in Prudential Financial during the fourth quarter valued at about $37,000. Institutional investors own 56.83% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on PRU shares. Barclays cut their price target 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. Keefe, Bruyette & Woods dropped their target price on shares of Prudential Financial from $120.00 to $117.00 and set a "market perform" rating for the company in a report on Wednesday, May 7th. Wall Street Zen lowered shares of Prudential Financial from a "hold" rating to a "sell" rating in a report on Saturday. Piper Sandler lowered their price objective on shares of Prudential Financial from $110.00 to $109.00 and set a "neutral" rating for the company in a report on Friday, May 2nd. Finally, Wells Fargo & Company raised their price objective on shares of Prudential Financial from $108.00 to $113.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 6th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $120.15.

Insider Transactions at Prudential Financial

In related news, major shareholder Insurance Co Of Ame Prudential acquired 1,675,978 shares of the firm's stock in a transaction on Monday, June 16th. The shares were acquired at an average cost of $28.64 per share, for a total transaction of $48,000,009.92. Following the completion of the transaction, the insider directly owned 3,168,461 shares in the company, valued at approximately $90,744,723.04. This trade represents a 112.29% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.25% of the stock is currently owned by company insiders.

Prudential Financial Stock Performance

NYSE:PRU traded up $0.94 during mid-day trading on Friday, hitting $109.60. 732,327 shares of the company traded hands, compared to its average volume of 1,660,971. The stock's fifty day moving average price is $104.87 and its 200-day moving average price is $109.26. Prudential Financial, Inc. has a one year low of $90.38 and a one year high of $130.55. The firm has a market cap of $38.80 billion, a price-to-earnings ratio of 17.37, a price-to-earnings-growth ratio of 1.04 and a beta of 1.07. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.65.

Prudential Financial (NYSE:PRU - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $3.29 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $14.76 billion. During the same period in the previous year, the business earned $3.12 earnings per share. The business's revenue was down 38.2% on a year-over-year basis. Research analysts anticipate that Prudential Financial, Inc. will post 14.36 earnings per share for the current fiscal year.

Prudential Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 12th. Shareholders of record on Tuesday, May 20th were given a dividend of $1.35 per share. The ex-dividend date was Tuesday, May 20th. This represents a $5.40 dividend on an annualized basis and a yield of 4.93%. Prudential Financial's dividend payout ratio (DPR) 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.