Prudential Financial, Inc. (NYSE:PRU) Shares Purchased by Oxler Private Wealth LLC

Oxler Private Wealth LLC grew its holdings in shares of Prudential Financial, Inc. (NYSE:PRU) by 1.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 11,088 shares of the financial services provider’s stock after buying an additional 117 shares during the period. Oxler Private Wealth LLC’s holdings in Prudential Financial were worth $1,314,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. boosted its position in shares of Prudential Financial by 4.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 34,354 shares of the financial services provider’s stock worth $4,026,000 after purchasing an additional 1,340 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Prudential Financial in the second quarter valued at about $6,129,000. Newbridge Financial Services Group Inc. boosted its holdings in Prudential Financial by 99.0% during the second quarter. Newbridge Financial Services Group Inc. now owns 597 shares of the financial services provider’s stock worth $70,000 after buying an additional 297 shares in the last quarter. AMF Tjanstepension AB increased its holdings in Prudential Financial by 12.5% in the third quarter. AMF Tjanstepension AB now owns 203,197 shares of the financial services provider’s stock valued at $24,642,000 after buying an additional 22,588 shares in the last quarter. Finally, Czech National Bank lifted its position in shares of Prudential Financial by 6.3% during the 3rd quarter. Czech National Bank now owns 72,724 shares of the financial services provider’s stock valued at $8,807,000 after acquiring an additional 4,313 shares during the period. 56.83% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Keefe, Bruyette & Woods dropped their price objective on Prudential Financial from $135.00 to $129.00 and set a “market perform” rating for the company in a research note on Thursday, January 16th. BMO Capital Markets began coverage on Prudential Financial in a research note on Thursday, January 23rd. They set an “underperform” rating and a $101.00 price target for the company. Barclays increased their price objective on shares of Prudential Financial from $127.00 to $128.00 and gave the company an “equal weight” rating in a research note on Thursday, January 23rd. TD Cowen lifted their target price on shares of Prudential Financial from $130.00 to $133.00 and gave the stock a “hold” rating in a research report on Wednesday, November 27th. Finally, Wells Fargo & Company dropped their price objective on shares of Prudential Financial from $117.00 to $115.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $125.31.

Prudential Financial Price Performance

Shares of NYSE:PRU opened at $120.52 on Friday. The business has a fifty day simple moving average of $120.95 and a 200-day simple moving average of $120.67. Prudential Financial, Inc. has a 52 week low of $100.60 and a 52 week high of $130.55. The company has a market cap of $42.91 billion, a P/E ratio of 10.71, a P/E/G ratio of 1.13 and a beta of 1.31. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.60.

Prudential Financial (NYSE:PRU) last posted its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $3.48 EPS for the quarter, beating analysts’ consensus estimates of $3.47 by $0.01. Prudential Financial had a net margin of 6.03% and a return on equity of 15.30%. The company had revenue of $19.48 billion during the quarter, compared to the consensus estimate of $14.57 billion. During the same quarter in the prior year, the company posted $3.44 EPS. Equities research analysts forecast that Prudential Financial, Inc. will post 13.24 EPS for the current year.

Prudential Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Tuesday, November 19th were issued a $1.30 dividend. The ex-dividend date was Tuesday, November 19th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.31%. Prudential Financial’s dividend payout ratio (DPR) is presently 46.22%.

Insider Activity

In other news, major shareholder Insurance Co Of Ame Prudential bought 537,249 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was acquired at an average price of $27.92 per share, for a total transaction of $14,999,992.08. Following the acquisition, the insider now owns 4,780,293 shares of the company’s stock, valued at $133,465,780.56. This trade represents a 12.66 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.31% of the company’s stock.

Prudential Financial Profile

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.