International Assets Investment Management LLC Has $15.95 Million Stake in Prudential Financial, Inc. $PRU

International Assets Investment Management LLC increased its position in Prudential Financial, Inc. (NYSE:PRUFree Report) by 1,570.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 141,326 shares of the financial services provider’s stock after purchasing an additional 132,864 shares during the period. Prudential Financial comprises about 0.9% of International Assets Investment Management LLC’s investment portfolio, making the stock its 17th biggest holding. International Assets Investment Management LLC’s holdings in Prudential Financial were worth $15,953,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Summit Global Investments lifted its position in Prudential Financial by 71.1% in the 3rd quarter. Summit Global Investments now owns 13,021 shares of the financial services provider’s stock worth $1,351,000 after buying an additional 5,412 shares in the last quarter. VCI Wealth Management LLC lifted its position in Prudential Financial by 117.1% in the 4th quarter. VCI Wealth Management LLC now owns 19,292 shares of the financial services provider’s stock worth $2,178,000 after buying an additional 10,404 shares in the last quarter. KBC Group NV lifted its position in Prudential Financial by 94.3% in the 4th quarter. KBC Group NV now owns 157,538 shares of the financial services provider’s stock worth $17,783,000 after buying an additional 76,461 shares in the last quarter. Machina Capital S.A.S. purchased a new stake in Prudential Financial in the 3rd quarter worth approximately $1,285,000. Finally, First Horizon Corp purchased a new stake in Prudential Financial in the 3rd quarter worth approximately $5,856,000. Institutional investors and hedge funds own 56.83% of the company’s stock.

Prudential Financial Stock Performance

Shares of PRU opened at $99.48 on Friday. The company has a market capitalization of $34.60 billion, a PE ratio of 10.23, a price-to-earnings-growth ratio of 1.81 and a beta of 0.86. Prudential Financial, Inc. has a one year low of $91.89 and a one year high of $119.76. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.16 and a quick ratio of 0.16. The company’s fifty day moving average price is $96.87 and its 200 day moving average price is $104.57.

Prudential Financial (NYSE:PRUGet Free Report) last announced its earnings results on Tuesday, May 5th. The financial services provider reported $3.61 EPS for the quarter, topping the consensus estimate of $3.09 by $0.52. The firm had revenue of $15.23 billion for the quarter, compared to the consensus estimate of $14.10 billion. Prudential Financial had a net margin of 5.83% and a return on equity of 16.33%. During the same quarter last year, the firm posted $3.29 EPS. As a group, analysts expect that Prudential Financial, Inc. will post 13.66 earnings per share for the current year.

Analysts Set New Price Targets

PRU has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods cut their target price on shares of Prudential Financial from $104.00 to $100.00 and set a “market perform” rating for the company in a research report on Thursday, April 23rd. Piper Sandler cut their target price on shares of Prudential Financial from $105.00 to $99.00 and set a “neutral” rating for the company in a research report on Wednesday, April 22nd. Mizuho raised their price target on shares of Prudential Financial from $96.00 to $101.00 and gave the company a “neutral” rating in a report on Thursday. Wells Fargo & Company cut their price target on shares of Prudential Financial from $95.00 to $93.00 and set an “underweight” rating on the stock in a report on Tuesday. Finally, Wall Street Zen downgraded shares of Prudential Financial from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. Nine equities research analysts have rated the stock with a Hold rating and six have given a Sell rating to the company. Based on data from MarketBeat.com, Prudential Financial currently has an average rating of “Reduce” and a consensus price target of $99.92.

Get Our Latest Stock Report on Prudential Financial

Key Stories Impacting Prudential Financial

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Insider Buying and Selling at Prudential Financial

In other news, Director Joseph J. Wolk bought 400 shares of the company’s stock in a transaction that occurred on Wednesday, February 11th. The shares were purchased at an average price of $105.32 per share, for a total transaction of $42,128.00. Following the acquisition, the director directly owned 400 shares of the company’s stock, valued at $42,128. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Thomas D. Stoddard purchased 250 shares of the firm’s stock in a transaction on Tuesday, February 17th. The stock was bought at an average price of $102.97 per share, for a total transaction of $25,742.50. Following the completion of the transaction, the director directly owned 250 shares in the company, valued at approximately $25,742.50. The trade was a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 0.05% of the company’s stock.

Prudential Financial Profile

(Free Report)

Prudential Financial, Inc, headquartered in Newark, New Jersey, is a diversified financial services company with roots dating to 1875. The firm provides a range of insurance, retirement and investment products aimed at helping individual and institutional clients manage risk, accumulate and protect wealth, and plan for retirement. Prudential’s long history in life insurance and related financial services has positioned it as a major participant in the U.S. insurance market and a provider of services to a broad client base.

Prudential’s core business activities include individual life insurance, annuities, retirement solutions and group insurance products for employers.

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

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