Security National Bank of SO Dak raised its holdings in Prudential Financial, Inc. (NYSE:PRU) by 3.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,539 shares of the financial services provider’s stock after buying an additional 145 shares during the period. Security National Bank of SO Dak’s holdings in Prudential Financial were worth $491,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Fieldpoint Private Securities LLC bought a new stake in Prudential Financial in the second quarter valued at approximately $103,000. Hudock Capital Group LLC raised its stake in Prudential Financial by 0.7% in the second quarter. Hudock Capital Group LLC now owns 1,144 shares of the financial services provider’s stock valued at $123,000 after buying an additional 8 shares during the period. Guardian Life Insurance Co. of America raised its stake in Prudential Financial by 0.3% in the first quarter. Guardian Life Insurance Co. of America now owns 1,658 shares of the financial services provider’s stock valued at $177,000 after buying an additional 5 shares during the period. Accurate Investment Solutions Inc. raised its stake in Prudential Financial by 2.3% in the second quarter. Accurate Investment Solutions Inc. now owns 1,664 shares of the financial services provider’s stock valued at $180,000 after buying an additional 38 shares during the period. Finally, Trust Co. of Vermont raised its stake in Prudential Financial by 28.5% in the second quarter. Trust Co. of Vermont now owns 1,711 shares of the financial services provider’s stock valued at $185,000 after buying an additional 380 shares during the period. Hedge funds and other institutional investors own 64.45% of the company’s stock.
Shares of Prudential Financial, Inc. (NYSE PRU) traded up 0.64% during trading on Tuesday, hitting $109.76. The stock had a trading volume of 587,265 shares. The company’s 50 day moving average price is $103.80 and its 200 day moving average price is $106.58. Prudential Financial, Inc. has a 52 week low of $82.45 and a 52 week high of $115.26. The company has a market capitalization of $46.87 billion, a price-to-earnings ratio of 12.25 and a beta of 1.51.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 14th. Investors of record on Tuesday, August 22nd were issued a $0.75 dividend. The ex-dividend date was Friday, August 18th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.75%. Prudential Financial’s dividend payout ratio (DPR) is presently 33.63%.
In related news, insider Stephen Pelletier sold 4,133 shares of Prudential Financial stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $112.18, for a total value of $463,639.94. Following the sale, the insider now owns 10,924 shares of the company’s stock, valued at approximately $1,225,454.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Nicholas C. Silitch sold 14,897 shares of Prudential Financial stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $110.00, for a total transaction of $1,638,670.00. Following the completion of the sale, the insider now directly owns 21,274 shares in the company, valued at approximately $2,340,140. The disclosure for this sale can be found here. Insiders own 0.66% of the company’s stock.
Several analysts have issued reports on the company. FBR & Co upgraded Prudential Financial from a “neutral” rating to a “buy” rating and upped their price objective for the company from $100.00 to $117.00 in a research note on Tuesday. Morgan Stanley upped their price objective on Prudential Financial from $118.00 to $123.00 and gave the company an “equal weight” rating in a research note on Thursday, October 5th. Royal Bank Of Canada restated a “hold” rating and issued a $117.00 price objective on shares of Prudential Financial in a research note on Wednesday, September 6th. BidaskClub lowered Prudential Financial from a “buy” rating to a “hold” rating in a research note on Saturday, August 12th. Finally, Keefe, Bruyette & Woods restated a “buy” rating on shares of Prudential Financial in a research note on Friday, August 11th. Eight research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $115.08.
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About Prudential Financial
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.
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