19,493 Shares in Prudential Financial, Inc. $PRU Purchased by NBT Bank N.A.

NBT Bank N.A. acquired a new position in shares of Prudential Financial, Inc. (NYSE:PRU) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 19,493 shares of the financial services provider’s stock, valued at approximately $2,214,000.

Several other hedge funds also recently modified their holdings of the stock. BlackRock Inc. acquired a new position in shares of Prudential Financial during the 2nd quarter valued at $3,507,481,000. Bank of New York Mellon Corp bought a new position in Prudential Financial during the second quarter worth $209,055,000. Bank of America Corp DE acquired a new stake in Prudential Financial in the second quarter worth $208,957,000. Deutsche Bank AG acquired a new stake in Prudential Financial in the second quarter worth $157,752,000. Finally, Arrowstreet Capital Limited Partnership increased its stake in Prudential Financial by 95.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,556,748 shares of the financial services provider’s stock valued at $249,769,000 after purchasing an additional 1,247,371 shares in the last quarter. Institutional investors own 56.83% of the company’s stock.

Insider Activity at Prudential Financial

In related news, major shareholder Insurance Co Of Ame Prudential sold 214,746 shares of Prudential Financial stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $24.75, for a total transaction of $5,314,963.50. Following the transaction, the insider owned 7,973,657 shares of the company’s stock, valued at $197,348,010.75. The trade was a 2.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Ann M. Kappler sold 7,652 shares of the company’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $125.01, for a total value of $956,576.52. Following the transaction, the executive vice president directly owned 14,407 shares in the company, valued at $1,801,019.07. This represents a 34.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.05% of the company’s stock.

Prudential Financial News Summary

Here are the key news stories impacting Prudential Financial this week:

• Positive Sentiment: Prudential is partnering with SoFi to offer life-insurance products through SoFi’s app to its approximately 15 million members. The agreement could expand Prudential’s digital distribution, customer reach and new-business opportunities. SoFi and Prudential Financial team up to expand access to life insurance
• Positive Sentiment: Prudential’s planned sale of its Brazil and Mexico businesses for roughly $4 billion may support capital generation and sharpen the company’s focus on core markets, though investors will watch how proceeds are deployed. Newark’s Prudential Sells Brazil, Mexico Units for $4 Billion in Market Exit Push
• Neutral Sentiment: JPMorgan lowered its price target to $124 from $127 while maintaining a “neutral” rating. The revised target still implies modest upside, but the cut signals limited near-term conviction. JPMorgan lowers Prudential Financial price target
• Neutral Sentiment: Prudential Wealth Advisors plans to increase recruiting under a centralized operating model. The move could strengthen its advisor platform over time, but near-term financial effects are unclear. Prudential Wealth Advisors set to ramp up recruiting with new centralized model
• Negative Sentiment: Dowling & Partners reduced its EPS forecasts to $13.80 for fiscal 2027 and $15.30 for fiscal 2028, from $14.60 and $16.15, respectively. The lower estimates point to weaker expected earnings momentum. Prudential Financial analyst earnings estimates
• Negative Sentiment: TD Cowen cut its price target to $112 from $114 and kept a “hold” rating, implying downside from recent trading levels. Barclays and Morgan Stanley have also recently lowered expectations, creating a broadly cautious analyst backdrop. Analyst target reductions for Prudential Financial

Analysts Set New Price Targets

PRU has been the topic of several research reports. JPMorgan Chase & Co. dropped their price objective on shares of Prudential Financial from $127.00 to $124.00 and set a “neutral” rating on the stock in a report on Thursday. TD Cowen cut their price objective on shares of Prudential Financial from $114.00 to $112.00 and set a “hold” rating on the stock in a research report on Wednesday. Wells Fargo & Company reduced their target price on Prudential Financial from $110.00 to $104.00 and set an “underweight” rating for the company in a research note on Monday, October 12th. Morgan Stanley decreased their target price on Prudential Financial from $105.00 to $100.00 and set an “underweight” rating for the company in a research report on Monday. Finally, Wall Street Zen downgraded Prudential Financial from a “buy” rating to a “hold” rating in a research note on Monday, September 28th. One analyst has rated the stock with a Buy rating, ten have given a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $106.92.

Prudential Financial Trading Up 2.9%

NYSE:PRU opened at $118.14 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.16 and a quick ratio of 0.16. The firm has a 50-day moving average of $117.85 and a 200-day moving average of $111.39. The company has a market cap of $40.76 billion, a PE ratio of 10.70, a PEG ratio of 1.73 and a beta of 0.85. Prudential Financial, Inc. has a one year low of $91.89 and a one year high of $127.72.

Prudential Financial (NYSE:PRU) last posted its earnings results on Tuesday, August 4th. The financial services provider reported $4.08 earnings per share for the quarter, topping analysts’ consensus estimates of $3.52 by $0.56. Prudential Financial had a net margin of 6.51% and a return on equity of 16.68%. The company had revenue of $14.15 billion for the quarter, compared to analyst estimates of $14.36 billion. During the same quarter in the prior year, the business posted $3.58 EPS. As a group, equities research analysts expect that Prudential Financial, Inc. will post 14.37 EPS for the current fiscal year.

Prudential Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Tuesday, August 25th were issued a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend was Tuesday, August 25th. Prudential Financial’s payout ratio is currently 50.72%.

Prudential Financial Profile

Prudential Financial, Inc (NYSE: PRU) is a global financial services company that provides insurance, retirement, investment management and related financial products. Founded in Newark, New Jersey, in 1875, the company serves individuals, businesses and institutional investors through a range of businesses and distribution channels.

In the United States, Prudential offers life insurance, annuities, retirement plans and employee benefits, including group life, disability and dental insurance.