Prudential Financial, Inc. $PRU Stock Sold by D.A. Davidson & CO.

D.A. Davidson & CO. lessened its position in Prudential Financial, Inc. (NYSE:PRU) by 17.1% during the 3rd quarter, Holdings Channel reports. The firm owned 109,727 shares of the financial services provider’s stock after selling 22,631 shares during the quarter. D.A. Davidson & CO.’s holdings in Prudential Financial were worth $12,463,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Plimoth Trust Co. LLC increased its position in shares of Prudential Financial by 2.4% during the 2nd quarter. Plimoth Trust Co. LLC now owns 3,860 shares of the financial services provider’s stock worth $417,000 after purchasing an additional 90 shares in the last quarter. Security National Bank of SO Dak boosted its position in Prudential Financial by 0.6% in the second quarter. Security National Bank of SO Dak now owns 14,676 shares of the financial services provider’s stock valued at $1,584,000 after buying an additional 90 shares in the last quarter. XXI Wealth LLC boosted its position in Prudential Financial by 5.0% in the third quarter. XXI Wealth LLC now owns 1,967 shares of the financial services provider’s stock valued at $223,000 after buying an additional 93 shares in the last quarter. Keating Financial Advisory Services Inc. grew its stake in Prudential Financial by 34.8% during the second quarter. Keating Financial Advisory Services Inc. now owns 395 shares of the financial services provider’s stock worth $43,000 after buying an additional 102 shares during the last quarter. Finally, Magnus Financial Group LLC grew its stake in Prudential Financial by 4.8% during the third quarter. Magnus Financial Group LLC now owns 2,472 shares of the financial services provider’s stock worth $281,000 after buying an additional 113 shares during the last quarter. Institutional investors own 56.83% of the company’s stock.

Prudential Financial Trading Up 1.4%

PRU opened at $117.04 on Friday. Prudential Financial, Inc. has a 1-year low of $91.89 and a 1-year high of $127.72. The stock has a market capitalization of $40.38 billion, a PE ratio of 10.60, a PEG ratio of 1.93 and a beta of 0.85. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.62. The firm has a 50-day moving average price of $117.05 and a two-hundred day moving average price of $108.80.

Prudential Financial (NYSE:PRU) last announced its earnings results on Tuesday, August 4th. The financial services provider reported $4.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.52 by $0.56. Prudential Financial had a net margin of 6.51% and a return on equity of 16.68%. The company had revenue of $14.15 billion for the quarter, compared to analyst estimates of $14.36 billion. During the same period in the prior year, the business earned $3.58 earnings per share. As a group, equities analysts anticipate that Prudential Financial, Inc. will post 13.52 earnings per share for the current fiscal year.

Prudential Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Tuesday, August 25th were given a $1.40 dividend. This represents a $5.60 annualized dividend and a yield of 4.8%. The ex-dividend date was Tuesday, August 25th. Prudential Financial’s payout ratio is 50.72%.

Insiders Place Their Bets

In other Prudential Financial news, EVP Ann Kappler sold 7,652 shares of the company’s stock in a transaction 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 owned 14,407 shares of the company’s stock, valued at approximately $1,801,019.07. This represents a 34.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.05% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Morgan Stanley cut their target price on shares of Prudential Financial from $105.00 to $100.00 and set an “underweight” rating for the company in a research note on Monday, October 19th. Mizuho set a $108.00 price target on Prudential Financial in a research report on Monday, October 12th. Keefe, Bruyette & Woods dropped their price target on Prudential Financial from $123.00 to $119.00 and set a “market perform” rating for the company in a report on Friday, October 16th. Deutsche Bank Aktiengesellschaft cut their price objective on Prudential Financial from $105.00 to $102.00 and set a “hold” rating for the company in a research report on Friday, October 23rd. Finally, Wells Fargo & Company reduced their price objective on Prudential Financial from $104.00 to $103.00 and set an “underweight” rating on the stock in a research note on Wednesday. Two investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and six have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $111.27.

Prudential Financial Profile

Prudential Financial, Inc (NYSE: PRU) is a global financial services company that provides insurance, retirement, investment management and related financial products. Founded in Newark, New Jersey, in 1875, the company serves individuals, businesses and institutional investors through a range of businesses and distribution channels.

In the United States, Prudential offers life insurance, annuities, retirement plans and employee benefits, including group life, disability and dental insurance.