Oxler Private Wealth LLC Makes New Investment in Prudential Financial, Inc. (NYSE:PRU)

Oxler Private Wealth LLC bought a new position in shares of Prudential Financial, Inc. (NYSE:PRU - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 10,727 shares of the financial services provider's stock, valued at approximately $1,259,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of PRU. Vanguard Group Inc. raised its stake in Prudential Financial by 13.9% in the fourth quarter. Vanguard Group Inc. now owns 42,292,853 shares of the financial services provider's stock valued at $4,386,192,000 after buying an additional 5,154,865 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of Prudential Financial by 9,281.4% during the 4th quarter. International Assets Investment Management LLC now owns 1,368,839 shares of the financial services provider's stock worth $141,962,000 after acquiring an additional 1,354,248 shares in the last quarter. Norges Bank acquired a new position in Prudential Financial in the fourth quarter valued at approximately $113,478,000. Dimensional Fund Advisors LP increased its stake in Prudential Financial by 10.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,000,665 shares of the financial services provider's stock valued at $414,926,000 after purchasing an additional 388,363 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. acquired a new stake in Prudential Financial during the third quarter worth approximately $34,251,000. 56.83% of the stock is currently owned by hedge funds and other institutional investors.

Prudential Financial Stock Up 0.1 %

Shares of PRU traded up $0.14 during trading on Tuesday, reaching $117.84. The company's stock had a trading volume of 1,037,188 shares, compared to its average volume of 1,505,090. Prudential Financial, Inc. has a twelve month low of $78.40 and a twelve month high of $121.39. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.67. The company has a market cap of $42.30 billion, a price-to-earnings ratio of 20.04, a P/E/G ratio of 0.91 and a beta of 1.35. The company has a fifty day moving average of $114.29 and a two-hundred day moving average of $106.76.

Prudential Financial (NYSE:PRU - Get Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $3.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.16 by ($0.04). The firm had revenue of $15.01 billion for the quarter, compared to analyst estimates of $14.50 billion. Prudential Financial had a net margin of 3.76% and a return on equity of 15.50%. The company's quarterly revenue was up 69.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.66 EPS. On average, sell-side analysts predict that Prudential Financial, Inc. will post 13.42 EPS for the current fiscal year.

Prudential Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Tuesday, May 21st will be issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 4.41%. The ex-dividend date of this dividend is Monday, May 20th. Prudential Financial's dividend payout ratio (DPR) is presently 88.44%.

Analyst Ratings Changes

Several research firms have commented on PRU. TheStreet raised Prudential Financial from a "c+" rating to an "a-" rating in a research report on Tuesday, February 6th. UBS Group upped their price target on shares of Prudential Financial from $108.00 to $112.00 and gave the company a "neutral" rating in a research report on Monday, February 12th. Keefe, Bruyette & Woods raised their price objective on shares of Prudential Financial from $112.00 to $118.00 and gave the stock a "market perform" rating in a research report on Wednesday, April 10th. Raymond James cut shares of Prudential Financial from a "strong-buy" rating to a "market perform" rating in a report on Friday, February 9th. Finally, Evercore ISI raised their price target on Prudential Financial from $115.00 to $116.00 and gave the stock an "underperform" rating in a report on Thursday, April 25th. Two analysts have rated the stock with a sell rating and eleven have issued a hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $111.08.

Insider Transactions at Prudential Financial

In other Prudential Financial 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 sale, the executive vice president now directly owns 13,691 shares in the company, valued at $1,527,504.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Prudential Financial news, EVP Robert Falzon sold 130,092 shares of the business's stock in a transaction on Monday, May 13th. The stock was sold at an average price of $118.57, for a total transaction of $15,425,008.44. Following the completion of the transaction, the executive vice president now owns 202,083 shares in the company, valued at approximately $23,960,981.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Andrew F. Sullivan sold 7,685 shares of the 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 transaction, the executive vice president now directly owns 13,691 shares of the company's stock, valued at approximately $1,527,504.87. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 164,536 shares of company stock worth $19,245,606. 0.31% of the stock is currently owned by company insiders.

Prudential Financial Company 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.

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