Prudential Financial Inc (NYSE:PRU) Position Cut by Keybank National Association OH

Keybank National Association OH lowered its stake in shares of Prudential Financial Inc (NYSE:PRU) by 4.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 94,477 shares of the financial services provider’s stock after selling 4,302 shares during the period. Keybank National Association OH’s holdings in Prudential Financial were worth $10,863,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Greenleaf Trust raised its stake in Prudential Financial by 465.0% during the 4th quarter. Greenleaf Trust now owns 2,311 shares of the financial services provider’s stock worth $266,000 after acquiring an additional 1,902 shares in the last quarter. Retirement Systems of Alabama raised its stake in Prudential Financial by 5.6% during the 4th quarter. Retirement Systems of Alabama now owns 425,875 shares of the financial services provider’s stock worth $48,967,000 after acquiring an additional 22,516 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in Prudential Financial by 43.8% during the 4th quarter. Public Employees Retirement System of Ohio now owns 447,402 shares of the financial services provider’s stock worth $51,442,000 after acquiring an additional 136,357 shares in the last quarter. Willingdon Wealth Management raised its stake in Prudential Financial by 14.6% during the 4th quarter. Willingdon Wealth Management now owns 8,806 shares of the financial services provider’s stock worth $1,013,000 after acquiring an additional 1,123 shares in the last quarter. Finally, Cetera Advisor Networks LLC raised its stake in Prudential Financial by 10.2% during the 4th quarter. Cetera Advisor Networks LLC now owns 5,142 shares of the financial services provider’s stock worth $586,000 after acquiring an additional 475 shares in the last quarter. 63.81% of the stock is owned by hedge funds and other institutional investors.

PRU has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Prudential Financial from a “hold” rating to a “buy” rating and set a $132.00 price target on the stock in a research note on Monday, January 8th. B. Riley reissued a “buy” rating on shares of Prudential Financial in a research report on Monday, November 6th. Keefe, Bruyette & Woods reaffirmed a “buy” rating on shares of Prudential Financial in a report on Friday, November 10th. ValuEngine downgraded shares of Prudential Financial from a “strong-buy” rating to a “buy” rating in a report on Friday, November 10th. Finally, Sandler O’Neill reaffirmed a “buy” rating and issued a $134.00 target price on shares of Prudential Financial in a report on Thursday, January 11th. Six research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Prudential Financial has an average rating of “Buy” and an average price target of $118.38.

Prudential Financial Inc (NYSE:PRU) traded down $0.31 during trading hours on Friday, hitting $107.48. 700,201 shares of the stock were exchanged, compared to its average volume of 2,274,951. Prudential Financial Inc has a twelve month low of $97.88 and a twelve month high of $127.14. The firm has a market capitalization of $45,841.86, a price-to-earnings ratio of 6.06, a PEG ratio of 1.13 and a beta of 1.50. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.32.

Prudential Financial (NYSE:PRU) last released its earnings results on Wednesday, February 7th. The financial services provider reported $2.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.64 by $0.05. Prudential Financial had a net margin of 13.41% and a return on equity of 9.29%. The firm had revenue of $15.25 billion during the quarter, compared to the consensus estimate of $12.87 billion. During the same period in the previous year, the firm earned $2.46 earnings per share. equities analysts expect that Prudential Financial Inc will post 12.06 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, February 21st will be issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 3.35%. This is an increase from Prudential Financial’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Tuesday, February 20th. Prudential Financial’s payout ratio is presently 20.10%.

Prudential Financial declared that its Board of Directors has authorized a stock repurchase plan on Thursday, December 14th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

In other Prudential Financial news, SVP Barbara Koster sold 16,801 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $115.17, for a total transaction of $1,934,971.17. Following the completion of the sale, the senior vice president now directly owns 37,327 shares in the company, valued at $4,298,950.59. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Stephen Pelletier sold 40,729 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $108.75, for a total transaction of $4,429,278.75. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 68,057 shares of company stock valued at $7,574,855. 0.66% of the stock is owned by insiders.

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Prudential Financial Company Profile

Prudential Financial, Inc, is a financial services company. The Company, through its subsidiaries, offers a range of financial products and services, which includes life insurance, annuities, retirement-related services, mutual funds and investment management. The Company’s operations consists of four divisions, which together encompass seven segments.

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

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