Eagle Capital Management LLC Acquires 108 Shares of Prudential Financial, Inc. $PRU

Eagle Capital Management LLC boosted its holdings in Prudential Financial, Inc. (NYSE:PRU) by 0.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,806 shares of the financial services provider’s stock after buying an additional 108 shares during the quarter. Prudential Financial makes up approximately 1.7% of Eagle Capital Management LLC’s investment portfolio, making the stock its 22nd largest position. Eagle Capital Management LLC’s holdings in Prudential Financial were worth $3,847,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in PRU. Meeder Asset Management Inc. raised its holdings in Prudential Financial by 90.2% in the 1st quarter. Meeder Asset Management Inc. now owns 234 shares of the financial services provider’s stock valued at $26,000 after buying an additional 111 shares during the last quarter. Cheviot Value Management LLC acquired a new stake in Prudential Financial during the 1st quarter valued at approximately $26,000. North Capital Inc. acquired a new stake in Prudential Financial during the 1st quarter valued at approximately $28,000. AlphaQuest LLC increased its position in Prudential Financial by 12,250.0% during the 1st quarter. AlphaQuest LLC now owns 247 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 245 shares during the period. Finally, Opal Wealth Advisors LLC acquired a new stake in Prudential Financial during the 1st quarter valued at approximately $30,000. Institutional investors own 56.83% of the company’s stock.

Insider Activity at Prudential Financial

In other news, EVP Ann M. Kappler sold 4,000 shares of Prudential Financial stock in a transaction on Friday, August 29th. The stock was sold at an average price of $109.65, for a total transaction of $438,600.00. Following the sale, the executive vice president directly owned 21,506 shares in the company, valued at $2,358,132.90. The trade was a 15.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.25% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have weighed in on PRU shares. Wall Street Zen raised shares of Prudential Financial from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Morgan Stanley increased their target price on shares of Prudential Financial from $113.00 to $117.00 and gave the company an “equal weight” rating in a research report on Monday, August 18th. Barclays raised their price objective on shares of Prudential Financial from $119.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 17th. Piper Sandler reduced their price objective on shares of Prudential Financial from $109.00 to $108.00 and set a “neutral” rating for the company in a research report on Wednesday, July 16th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Prudential Financial from $126.00 to $136.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 8th. One investment analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Prudential Financial has an average rating of “Hold” and a consensus target price of $122.08.

Prudential Financial Trading Down 0.1%

NYSE PRU opened at $103.77 on Wednesday. The stock has a market capitalization of $36.53 billion, a price-to-earnings ratio of 23.01, a PEG ratio of 0.92 and a beta of 1.07. Prudential Financial, Inc. has a one year low of $90.38 and a one year high of $130.55. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.16 and a quick ratio of 0.16. The business’s fifty day moving average is $105.31 and its 200-day moving average is $104.99.

Prudential Financial (NYSE:PRU) last released its earnings results on Wednesday, July 30th. The financial services provider reported $3.58 EPS for the quarter, topping analysts’ consensus estimates of $3.22 by $0.36. The company had revenue of $13.50 billion for the quarter, compared to analysts’ expectations of $13.47 billion. Prudential Financial had a return on equity of 15.80% and a net margin of 2.75%.The business’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period in the previous year, the business posted $3.39 EPS. Equities research analysts predict that Prudential Financial, Inc. will post 14.36 EPS for the current year.

Prudential Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 11th. Stockholders of record on Tuesday, August 19th were paid a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date was Tuesday, August 19th. Prudential Financial’s payout ratio is presently 119.73%.

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.