Universal Beteiligungs und Servicegesellschaft mbH Acquires New Holdings in Prudential Financial, Inc. (NYSE:PRU)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Prudential Financial, Inc. (NYSE:PRU - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 217,635 shares of the financial services provider's stock, valued at approximately $25,796,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.06% of Prudential Financial at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

PRU has been the subject of a number of analyst reports. Morgan Stanley lifted their price objective on Prudential Financial from $108.00 to $117.00 and gave the company an "equal weight" rating in a report on Monday, May 19th. UBS Group cut their price objective on Prudential Financial from $122.00 to $110.00 and set a "neutral" rating for the company in a report on Tuesday, May 27th. Keefe, Bruyette & Woods cut their price objective on Prudential Financial from $120.00 to $117.00 and set a "market perform" rating for the company in a report on Wednesday, May 7th. JPMorgan Chase & Co. cut their price objective on Prudential Financial from $128.00 to $126.00 and set a "neutral" rating for the company in a report on Wednesday, April 2nd. Finally, Piper Sandler cut their price objective on Prudential Financial from $110.00 to $109.00 and set a "neutral" rating for the company in a report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $120.15.

Insider Buying and Selling

In other news, EVP Andrew F. Sullivan sold 6,000 shares of the business's stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $105.98, for a total transaction of $635,880.00. Following the completion of the transaction, the executive vice president now directly owns 27,072 shares in the company, valued at approximately $2,869,090.56. The trade was a 18.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Insurance Co Of Ame Prudential bought 87,047 shares of the firm's stock in a transaction dated Wednesday, March 12th. The shares were bought at an average price of $28.72 per share, with a total value of $2,499,989.84. Following the completion of the transaction, the insider now directly owns 87,047 shares in the company, valued at approximately $2,499,989.84. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.25% of the company's stock.

Prudential Financial Price Performance

Shares of Prudential Financial stock traded down $0.32 during trading on Monday, reaching $103.57. The company's stock had a trading volume of 1,441,029 shares, compared to its average volume of 1,640,593. The stock has a 50-day moving average price of $103.24 and a two-hundred day moving average price of $112.35. 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 stock has a market capitalization of $36.66 billion, a P/E ratio of 13.86, a price-to-earnings-growth ratio of 0.98 and a beta of 1.07. Prudential Financial, Inc. has a one year low of $90.38 and a one year high of $130.55.

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, topping analysts' consensus estimates of $3.18 by $0.11. The firm 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%. The company's revenue was down 38.2% on a year-over-year basis. During the same period last year, the company earned $3.12 earnings per share. As a group, sell-side analysts anticipate that Prudential Financial, Inc. will post 14.36 EPS for the current fiscal year.

Prudential Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Tuesday, May 20th will be given a $1.35 dividend. The ex-dividend date is Tuesday, May 20th. This represents a $5.40 dividend on an annualized basis and a yield of 5.21%. Prudential Financial's payout ratio is 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.