Prudential Financial, Inc. $PRU Shares Bought by Security National Bank of Sioux City Iowa IA

Security National Bank of Sioux City Iowa IA grew its holdings in Prudential Financial, Inc. (NYSE:PRU) by 38.2% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 17,781 shares of the financial services provider’s stock after buying an additional 4,915 shares during the quarter. Security National Bank of Sioux City Iowa IA’s holdings in Prudential Financial were worth $1,919,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of PRU. Archer Investment Corp purchased a new position in Prudential Financial in the second quarter worth $26,000. Basepoint Wealth LLC purchased a new stake in shares of Prudential Financial during the 4th quarter worth $30,000. SJS Investment Consulting Inc. grew its stake in shares of Prudential Financial by 93.1% during the 1st quarter. SJS Investment Consulting Inc. now owns 278 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 134 shares during the period. Union Savings Bank acquired a new position in shares of Prudential Financial during the 4th quarter worth $35,000. Finally, Elyxium Wealth LLC purchased a new position in shares of Prudential Financial in the 4th quarter valued at about $37,000. 56.83% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PRU has been the topic of a number of research analyst reports. Argus downgraded shares of Prudential Financial from a “buy” rating to a “hold” rating in a report on Tuesday, June 9th. Wall Street Zen cut shares of Prudential Financial from a “buy” rating to a “hold” rating in a report on Saturday, September 12th. Keefe, Bruyette & Woods boosted their price target on Prudential Financial from $113.00 to $123.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 11th. Piper Sandler upped their price target on Prudential Financial from $110.00 to $128.00 and gave the stock a “neutral” rating in a report on Tuesday, August 11th. Finally, Barclays raised their price objective on Prudential Financial from $90.00 to $92.00 and gave the company an “underweight” rating in a research note on Tuesday, July 7th. One equities research analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $109.31.

Prudential Financial Trading Up 0.4%

PRU traded up $0.51 during trading on Friday, hitting $118.44. The company’s stock had a trading volume of 3,152,151 shares, compared to its average volume of 2,075,407. The firm’s 50 day moving average price is $120.36 and its 200-day moving average price is $107.93. 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 stock has a market cap of $40.86 billion, a PE ratio of 10.73, a PEG ratio of 1.75 and a beta of 0.83. Prudential Financial, Inc. has a twelve month low of $91.89 and a twelve month high of $127.72.

Prudential Financial (NYSE:PRU) last posted its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $4.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.52 by $0.56. The business had revenue of $14.15 billion for the quarter, compared to analysts’ expectations of $14.36 billion. Prudential Financial had a return on equity of 16.68% and a net margin of 6.51%.During the same quarter last year, the firm earned $3.58 earnings per share. On average, analysts expect that Prudential Financial, Inc. will post 14.57 earnings per share for the current year.

Prudential Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Tuesday, August 25th were paid a $1.40 dividend. 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 dividend payout ratio (DPR) is presently 50.72%.

Insider Activity

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

About Prudential Financial

Prudential Financial, Inc is a global financial services company headquartered in Newark, New Jersey. Founded in 1875 as The Widows and Orphans Friendly Society, the company has grown from a life insurance provider into a diversified business offering insurance, retirement, investment management and related financial services.

Through its U.S. businesses, Prudential provides individual life insurance and annuities, workplace retirement plans, pension risk transfer solutions, group life and disability insurance, and other benefits and financial wellness products.