Rothschild & Co. Asset Management US Inc. grew its stake in shares of Prudential Financial Inc (NYSE:PRU) by 1.1% in the first quarter, Holdings Channel reports. The fund owned 611,776 shares of the financial services provider’s stock after buying an additional 6,950 shares during the quarter. Rothschild & Co. Asset Management US Inc.’s holdings in Prudential Financial were worth $56,210,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in PRU. Van ECK Associates Corp increased its stake in shares of Prudential Financial by 2.0% in the fourth quarter. Van ECK Associates Corp now owns 6,223 shares of the financial services provider’s stock worth $507,000 after acquiring an additional 120 shares during the last quarter. Garland Capital Management Inc. increased its stake in shares of Prudential Financial by 0.3% in the fourth quarter. Garland Capital Management Inc. now owns 48,625 shares of the financial services provider’s stock worth $3,965,000 after acquiring an additional 125 shares during the last quarter. ACG Wealth increased its stake in shares of Prudential Financial by 2.3% in the first quarter. ACG Wealth now owns 5,500 shares of the financial services provider’s stock worth $505,000 after acquiring an additional 126 shares during the last quarter. Stratos Wealth Partners LTD. increased its stake in shares of Prudential Financial by 2.0% in the fourth quarter. Stratos Wealth Partners LTD. now owns 7,096 shares of the financial services provider’s stock worth $579,000 after acquiring an additional 137 shares during the last quarter. Finally, Kaizen Advisory LLC increased its stake in shares of Prudential Financial by 13.7% in the fourth quarter. Kaizen Advisory LLC now owns 1,147 shares of the financial services provider’s stock worth $94,000 after acquiring an additional 138 shares during the last quarter. Institutional investors own 66.25% of the company’s stock.

PRU stock traded down $1.00 during mid-day trading on Wednesday, reaching $99.44. 15,978 shares of the stock traded hands, compared to its average volume of 2,114,004. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.11 and a quick ratio of 0.11. Prudential Financial Inc has a 52 week low of $75.61 and a 52 week high of $106.64. The stock has a market capitalization of $40.11 billion, a price-to-earnings ratio of 8.52, a price-to-earnings-growth ratio of 0.86 and a beta of 1.48.

Prudential Financial (NYSE:PRU) last released its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $3.00 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $3.14 by ($0.14). Prudential Financial had a net margin of 6.18% and a return on equity of 9.87%. The firm had revenue of $13.65 billion for the quarter, compared to the consensus estimate of $13.74 billion. During the same quarter last year, the company earned $3.08 earnings per share. Equities analysts expect that Prudential Financial Inc will post 12.81 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Tuesday, May 28th will be paid a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 4.02%. The ex-dividend date of this dividend is Friday, May 24th. Prudential Financial’s payout ratio is presently 34.22%.

In related news, insider Nicholas C. Silitch sold 13,000 shares of the stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $95.25, for a total value of $1,238,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.76% of the stock is currently owned by company insiders.

PRU has been the topic of a number of research reports. UBS Group upped their price target on shares of Prudential Financial from $108.00 to $114.00 and gave the stock a “buy” rating in a research note on Tuesday, April 9th. Zacks Investment Research raised shares of Prudential Financial from a “hold” rating to a “buy” rating and set a $113.00 price target on the stock in a research note on Wednesday, May 8th. ValuEngine raised shares of Prudential Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, May 1st. Finally, Deutsche Bank upped their price target on shares of Prudential Financial from $97.00 to $104.00 and gave the stock a “hold” rating in a research note on Friday, April 12th. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $111.71.

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Prudential Financial Profile

Prudential Financial, Inc, through its subsidiaries, provides insurance, investment management, and other financial products and services. It operates through PGIM, U.S. Workplace Solutions, U.S. Individual Solutions, and International Insurance divisions. The PGIM division offers an array of asset management and advisory services related to public and private fixed income, public equity and real estate, commercial mortgage origination and servicing, and mutual funds and other retail services to institutional, private, and sub-advisory clients, as well as to insurance company separate accounts, government sponsored entities, and the general account.

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Institutional Ownership by Quarter for Prudential Financial (NYSE:PRU)

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