Prudential Financial, Inc. $PRU Shares Purchased by Consolidated Portfolio Review Corp

Consolidated Portfolio Review Corp boosted its stake in Prudential Financial, Inc. (NYSE:PRU) by 0.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 29,989 shares of the financial services provider’s stock after purchasing an additional 216 shares during the quarter. Consolidated Portfolio Review Corp’s holdings in Prudential Financial were worth $3,222,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. XML Financial LLC grew its stake in shares of Prudential Financial by 0.7% during the 2nd quarter. XML Financial LLC now owns 22,009 shares of the financial services provider’s stock valued at $2,365,000 after buying an additional 150 shares during the period. Capital Investment Advisors LLC boosted its holdings in Prudential Financial by 58.1% in the second quarter. Capital Investment Advisors LLC now owns 5,630 shares of the financial services provider’s stock valued at $605,000 after acquiring an additional 2,070 shares during the last quarter. Centennial Wealth Advisory LLC grew its position in Prudential Financial by 35.1% during the second quarter. Centennial Wealth Advisory LLC now owns 6,403 shares of the financial services provider’s stock valued at $688,000 after acquiring an additional 1,664 shares during the period. Venture Visionary Partners LLC increased its stake in Prudential Financial by 1.1% during the second quarter. Venture Visionary Partners LLC now owns 34,693 shares of the financial services provider’s stock worth $3,727,000 after acquiring an additional 384 shares during the last quarter. Finally, GC Wealth Management RIA LLC acquired a new stake in Prudential Financial during the second quarter worth about $222,000. Hedge funds and other institutional investors own 56.83% of the company’s stock.

Prudential Financial Trading Down 0.1%

Shares of PRU opened at $103.77 on Wednesday. Prudential Financial, Inc. has a one year low of $90.38 and a one year high of $130.55. The stock has a 50-day moving average price of $105.31 and a 200 day moving average price of $104.99. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.16 and a current ratio of 0.16. The company has a market capitalization of $36.53 billion, a P/E ratio of 23.01, a P/E/G ratio of 0.92 and a beta of 1.07.

Prudential Financial (NYSE:PRU) last posted its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $3.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $0.36. The company had revenue of $13.50 billion for the quarter, compared to the consensus estimate of $13.47 billion. Prudential Financial had a return on equity of 15.80% and a net margin of 2.75%.Prudential Financial’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 earned $3.39 EPS. Sell-side analysts forecast that Prudential Financial, Inc. will post 14.36 EPS for the current fiscal year.

Prudential Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 11th. Investors of record on Tuesday, August 19th were issued a $1.35 dividend. The ex-dividend date of this dividend was Tuesday, August 19th. This represents a $5.40 annualized dividend and a yield of 5.2%. Prudential Financial’s dividend payout ratio is currently 119.73%.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on PRU. JPMorgan Chase & Co. boosted their target price on Prudential Financial from $126.00 to $136.00 and gave the stock a “neutral” rating in a report on Tuesday, July 8th. Wells Fargo & Company reduced their price target on shares of Prudential Financial from $116.00 to $113.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 16th. Wall Street Zen raised shares of Prudential Financial from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Barclays lifted their target price on shares of Prudential Financial from $119.00 to $120.00 and gave the company an “equal weight” rating in a report on Thursday, July 17th. Finally, Wolfe Research initiated coverage on Prudential Financial in a report on Tuesday, September 16th. They issued a “peer perform” rating for the company. One analyst has rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $122.08.

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.