Prudential Financial, Inc. (NYSE:PRU) Shares Sold by Siemens Fonds Invest GmbH

Siemens Fonds Invest GmbH lessened its position in shares of Prudential Financial, Inc. (NYSE:PRUGet Rating) by 3.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,968 shares of the financial services provider’s stock after selling 138 shares during the period. Siemens Fonds Invest GmbH’s holdings in Prudential Financial were worth $469,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Blueprint Investment Partners LLC increased its position in shares of Prudential Financial by 5.8% in the 4th quarter. Blueprint Investment Partners LLC now owns 1,708 shares of the financial services provider’s stock valued at $185,000 after purchasing an additional 94 shares during the last quarter. Bank of New Hampshire increased its position in shares of Prudential Financial by 3.6% in the 1st quarter. Bank of New Hampshire now owns 2,740 shares of the financial services provider’s stock valued at $324,000 after purchasing an additional 95 shares during the last quarter. FineMark National Bank & Trust increased its position in shares of Prudential Financial by 1.8% in the 4th quarter. FineMark National Bank & Trust now owns 5,481 shares of the financial services provider’s stock valued at $593,000 after purchasing an additional 98 shares during the last quarter. Optimum Investment Advisors increased its position in shares of Prudential Financial by 7.5% in the 4th quarter. Optimum Investment Advisors now owns 1,425 shares of the financial services provider’s stock valued at $154,000 after purchasing an additional 100 shares during the last quarter. Finally, Clarity Financial LLC increased its position in shares of Prudential Financial by 2.9% in the 1st quarter. Clarity Financial LLC now owns 3,600 shares of the financial services provider’s stock valued at $425,000 after purchasing an additional 100 shares during the last quarter. 57.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Morgan Stanley increased their target price on shares of Prudential Financial from $103.00 to $108.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 17th. Evercore ISI dropped their target price on shares of Prudential Financial to $90.00 in a research report on Tuesday, August 9th. JPMorgan Chase & Co. increased their target price on shares of Prudential Financial from $120.00 to $122.00 in a research report on Monday, July 11th. Barclays dropped their target price on shares of Prudential Financial from $115.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 13th. Finally, Jefferies Financial Group increased their target price on shares of Prudential Financial from $78.00 to $79.00 and gave the company an “underperform” rating in a research report on Thursday. Two analysts have rated the stock with a sell rating and ten have given a hold rating to the company’s stock. Based on data from MarketBeat, Prudential Financial currently has a consensus rating of “Hold” and a consensus price target of $104.83.

Prudential Financial Stock Up 1.6 %

PRU stock opened at $98.48 on Friday. Prudential Financial, Inc. has a one year low of $89.73 and a one year high of $124.22. The stock has a market capitalization of $36.63 billion, a PE ratio of 18.24, a price-to-earnings-growth ratio of 1.08 and a beta of 1.40. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.07 and a current ratio of 0.07. The company has a fifty day moving average of $97.75 and a 200-day moving average of $104.21.

Prudential Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Tuesday, August 23rd will be paid a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 4.87%. The ex-dividend date is Monday, August 22nd. Prudential Financial’s dividend payout ratio (DPR) is presently 88.89%.

Prudential Financial Profile

(Get Rating)

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 eight segments: PGIM, Retirement, Group Insurance, Individual Annuities, Individual Life, Assurance IQ, International Businesses, and Closed Block.

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Institutional Ownership by Quarter for Prudential Financial (NYSE:PRU)

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