Prudential Financial, Inc. (NYSE:PRU) Shares Sold by Truist Financial Corp

Truist Financial Corp trimmed its position in shares of Prudential Financial, Inc. (NYSE:PRU - Free Report) by 10.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 679,074 shares of the financial services provider's stock after selling 75,391 shares during the quarter. Truist Financial Corp owned about 0.19% of Prudential Financial worth $70,427,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of PRU. First Financial Corp IN lifted its stake in Prudential Financial by 13.7% during the 4th quarter. First Financial Corp IN now owns 848 shares of the financial services provider's stock valued at $88,000 after acquiring an additional 102 shares during the period. Cambridge Trust Co. lifted its stake in Prudential Financial by 77.2% during the 4th quarter. Cambridge Trust Co. now owns 241 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 105 shares during the period. Patron Partners LLC lifted its stake in Prudential Financial by 2.4% during the 3rd quarter. Patron Partners LLC now owns 5,086 shares of the financial services provider's stock valued at $483,000 after acquiring an additional 119 shares during the period. Janiczek Wealth Management LLC lifted its stake in Prudential Financial by 49.6% during the 4th quarter. Janiczek Wealth Management LLC now owns 374 shares of the financial services provider's stock valued at $39,000 after acquiring an additional 124 shares during the period. Finally, Knights of Columbus Asset Advisors LLC lifted its stake in Prudential Financial by 0.3% during the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 50,718 shares of the financial services provider's stock valued at $4,813,000 after acquiring an additional 128 shares during the period. 56.83% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Prudential Financial

In related news, SVP Robert Axel sold 6,436 shares of the firm's stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $111.86, for a total value of $719,930.96. Following the completion of the transaction, the senior vice president now directly owns 7,901 shares of the company's stock, valued at $883,805.86. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, EVP Andrew F. Sullivan sold 7,685 shares of the firm's stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $111.57, for a total value of $857,415.45. Following the completion of the sale, the executive vice president now directly owns 13,691 shares in the company, valued at $1,527,504.87. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Robert Axel sold 6,436 shares of Prudential Financial stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $111.86, for a total value of $719,930.96. Following the sale, the senior vice president now owns 7,901 shares of the company's stock, valued at $883,805.86. The disclosure for this sale can be found here. Insiders sold a total of 29,255 shares of company stock valued at $3,215,664 in the last three months. 0.31% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on PRU shares. TheStreet upgraded shares of Prudential Financial from a "c+" rating to an "a-" rating in a research note on Tuesday, February 6th. Morgan Stanley increased their price objective on shares of Prudential Financial from $109.00 to $117.00 and gave the stock an "equal weight" rating in a research note on Monday, April 15th. Wells Fargo & Company increased their price objective on shares of Prudential Financial from $100.00 to $106.00 and gave the stock an "underweight" rating in a research note on Thursday, April 11th. Piper Sandler increased their price objective on shares of Prudential Financial from $114.00 to $125.00 and gave the stock a "neutral" rating in a research note on Friday, April 5th. Finally, UBS Group increased their price objective on shares of Prudential Financial from $108.00 to $112.00 and gave the stock a "neutral" rating in a research note on Monday, February 12th. Two research analysts have rated the stock with a sell rating and eleven have issued a hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $111.42.

Prudential Financial Price Performance

PRU traded down $0.68 during trading on Friday, reaching $110.50. 1,110,106 shares of the company traded hands, compared to its average volume of 1,226,730. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.13 and a current ratio of 0.13. Prudential Financial, Inc. has a 12-month low of $77.22 and a 12-month high of $118.69. The firm has a fifty day simple moving average of $111.75 and a 200 day simple moving average of $103.86. The company has a market cap of $39.67 billion, a P/E ratio of 16.52, a PEG ratio of 0.75 and a beta of 1.37.

Prudential Financial (NYSE:PRU - Get Free Report) last announced its quarterly earnings data on Tuesday, February 6th. The financial services provider reported $2.58 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.67 by ($0.09). Prudential Financial had a net margin of 4.89% and a return on equity of 14.52%. The company had revenue of $13.02 billion for the quarter, compared to analysts' expectations of $12.99 billion. During the same period last year, the business earned $2.42 earnings per share. The company's quarterly revenue was up 6.7% compared to the same quarter last year. On average, equities analysts forecast that Prudential Financial, Inc. will post 13.38 EPS for the current year.

Prudential Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Tuesday, February 20th were issued a dividend of $1.30 per share. This is a positive change from Prudential Financial's previous quarterly dividend of $1.25. This represents a $5.20 dividend on an annualized basis and a yield of 4.71%. The ex-dividend date was Friday, February 16th. Prudential Financial's dividend payout ratio (DPR) is 77.73%.

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.