Huntington National Bank Buys 4,120 Shares of Prudential Financial, Inc. $PRU

Huntington National Bank lifted its stake in shares of Prudential Financial, Inc. (NYSE:PRU) by 2.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 160,209 shares of the financial services provider’s stock after purchasing an additional 4,120 shares during the period. Huntington National Bank’s holdings in Prudential Financial were worth $17,213,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in PRU. Brighton Jones LLC raised its stake in shares of Prudential Financial by 3.7% during the 4th quarter. Brighton Jones LLC now owns 3,681 shares of the financial services provider’s stock worth $436,000 after purchasing an additional 133 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Prudential Financial by 3.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 20,771 shares of the financial services provider’s stock worth $2,320,000 after purchasing an additional 721 shares in the last quarter. Golden State Wealth Management LLC raised its stake in shares of Prudential Financial by 728.4% during the 1st quarter. Golden State Wealth Management LLC now owns 845 shares of the financial services provider’s stock worth $94,000 after purchasing an additional 743 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Prudential Financial by 2.9% during the 1st quarter. Principal Financial Group Inc. now owns 424,154 shares of the financial services provider’s stock worth $47,370,000 after purchasing an additional 11,925 shares in the last quarter. Finally, Strategic Blueprint LLC raised its stake in shares of Prudential Financial by 4.3% during the 1st quarter. Strategic Blueprint LLC now owns 3,206 shares of the financial services provider’s stock worth $358,000 after purchasing an additional 131 shares in the last quarter. Institutional investors own 56.83% of the company’s stock.

Prudential Financial Stock Performance

Shares of NYSE PRU opened at $104.57 on Tuesday. 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 stock’s fifty day moving average price is $104.08 and its two-hundred day moving average price is $104.40. Prudential Financial, Inc. has a one year low of $90.38 and a one year high of $130.55. The firm has a market cap of $36.81 billion, a price-to-earnings ratio of 14.36, a P/E/G ratio of 0.88 and a beta of 1.04.

Prudential Financial (NYSE:PRU) last issued its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $3.58 EPS for the quarter. Prudential Financial had a return on equity of 16.98% and a net margin of 4.65%.The firm had revenue of $8.35 billion for the quarter. On average, equities analysts forecast that Prudential Financial, Inc. will post 14.36 EPS for the current year.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

PRU has been the topic of a number of analyst reports. Evercore ISI upped their price objective on Prudential Financial from $120.00 to $122.00 and gave the stock an “in-line” rating in a research note on Thursday, October 30th. Wolfe Research initiated coverage on Prudential Financial in a research note on Tuesday, September 16th. They issued a “peer perform” rating on the stock. JPMorgan Chase & Co. increased their price target on Prudential Financial from $126.00 to $136.00 and gave the company a “neutral” rating in a research note on Tuesday, July 8th. Piper Sandler dropped their price target on Prudential Financial from $109.00 to $108.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 16th. Finally, Wall Street Zen upgraded Prudential Financial from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. One equities research analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $120.73.

About Prudential Financial

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.