Prudential Financial, Inc. (NYSE:PRU) Stake Raised by CENTRAL TRUST Co

CENTRAL TRUST Co grew its holdings in shares of Prudential Financial, Inc. (NYSE:PRU) by 3.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,157 shares of the financial services provider’s stock after buying an additional 100 shares during the period. CENTRAL TRUST Co’s holdings in Prudential Financial were worth $374,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Grove Bank & Trust raised its holdings in shares of Prudential Financial by 65.9% during the fourth quarter. Grove Bank & Trust now owns 219 shares of the financial services provider’s stock valued at $26,000 after buying an additional 87 shares during the last quarter. Avidian Wealth Enterprises LLC raised its holdings in shares of Prudential Financial by 1.2% during the third quarter. Avidian Wealth Enterprises LLC now owns 7,357 shares of the financial services provider’s stock valued at $891,000 after buying an additional 89 shares during the last quarter. Asset Dedication LLC raised its holdings in shares of Prudential Financial by 28.4% during the fourth quarter. Asset Dedication LLC now owns 420 shares of the financial services provider’s stock valued at $50,000 after buying an additional 93 shares during the last quarter. Daymark Wealth Partners LLC raised its holdings in Prudential Financial by 3.9% during the third quarter. Daymark Wealth Partners LLC now owns 2,616 shares of the financial services provider’s stock worth $317,000 after purchasing an additional 97 shares in the last quarter. Finally, UMB Bank n.a. raised its holdings in Prudential Financial by 2.7% during the third quarter. UMB Bank n.a. now owns 3,660 shares of the financial services provider’s stock worth $443,000 after purchasing an additional 97 shares in the last quarter. Institutional investors own 56.83% of the company’s stock.

Prudential Financial Trading Down 0.8 %

NYSE PRU opened at $117.91 on Wednesday. Prudential Financial, Inc. has a twelve month low of $101.72 and a twelve month high of $130.55. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.14 and a current ratio of 0.14. The stock has a market cap of $41.97 billion, a price-to-earnings ratio of 10.48, a PEG ratio of 1.12 and a beta of 1.31. The firm’s 50 day moving average price is $120.61 and its two-hundred day moving average price is $120.50.

Prudential Financial (NYSE:PRU) last posted its quarterly earnings results on Tuesday, February 4th. The financial services provider reported $2.96 EPS for the quarter, missing the consensus estimate of $3.36 by ($0.40). Prudential Financial had a net margin of 6.03% and a return on equity of 15.30%. Equities analysts anticipate that Prudential Financial, Inc. will post 13.24 EPS for the current year.

Insider Activity

In related news, major shareholder Insurance Co Of Ame Prudential purchased 537,249 shares of the stock in a transaction dated Monday, November 25th. The shares were acquired at an average cost of $27.92 per share, for a total transaction of $14,999,992.08. Following the acquisition, the insider now directly owns 4,780,293 shares in the company, valued at approximately $133,465,780.56. The trade was a 12.66 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.34% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

PRU has been the topic of several recent analyst reports. Bank of America boosted their target price on Prudential Financial from $109.00 to $118.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. BMO Capital Markets initiated coverage on Prudential Financial in a report on Thursday, January 23rd. They set an “underperform” rating and a $101.00 target price on the stock. Keefe, Bruyette & Woods dropped their target price on Prudential Financial from $135.00 to $129.00 and set a “market perform” rating on the stock in a report on Thursday, January 16th. Jefferies Financial Group boosted their target price on Prudential Financial from $149.00 to $152.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Finally, TD Cowen upped their price target on Prudential Financial from $130.00 to $133.00 and gave the company a “hold” rating in a report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Prudential Financial currently has an average rating of “Hold” and a consensus price target of $125.31.

Prudential Financial Company 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.