Stock Yards Bank & Trust Co. Has $363,000 Position in Prudential Financial, Inc. (NYSE:PRU)

Stock Yards Bank & Trust Co. trimmed its position in Prudential Financial, Inc. (NYSE:PRU) by 6.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,063 shares of the financial services provider’s stock after selling 200 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Prudential Financial were worth $363,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the company. Grove Bank & Trust boosted its stake in Prudential Financial by 65.9% in 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 in the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of Prudential Financial during the third quarter worth $31,000. CGC Financial Services LLC lifted its stake in shares of Prudential Financial by 82.1% in the 4th quarter. CGC Financial Services LLC now owns 275 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 124 shares during the last quarter. Quarry LP boosted its holdings in shares of Prudential Financial by 376.3% during the 3rd quarter. Quarry LP now owns 281 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 222 shares in the last quarter. Finally, Retirement Wealth Solutions LLC bought a new stake in Prudential Financial during the 4th quarter worth $37,000. Institutional investors own 56.83% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Jefferies Financial Group upped their price objective on Prudential Financial from $149.00 to $152.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. TD Cowen raised their price target on shares of Prudential Financial from $130.00 to $133.00 and gave the company a “hold” rating in a research note on Wednesday, November 27th. Wells Fargo & Company decreased their price objective on Prudential Financial from $117.00 to $115.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. Bank of America lifted 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. Finally, Keefe, Bruyette & Woods decreased their price target 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. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Prudential Financial presently has a consensus rating of “Hold” and an average target price of $125.31.

Insider Buying and Selling at Prudential Financial

In other news, major shareholder Insurance Co Of Ame Prudential bought 537,249 shares of the stock in a transaction on Monday, November 25th. The shares were purchased at an average cost of $27.92 per share, for a total transaction of $14,999,992.08. Following the completion of the purchase, the insider now directly owns 4,780,293 shares in the company, valued at $133,465,780.56. This represents a 12.66 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.34% of the company’s stock.

Prudential Financial Trading Down 1.6 %

Shares of PRU stock opened at $118.85 on Tuesday. Prudential Financial, Inc. has a 52-week low of $101.72 and a 52-week high of $130.55. The company has a 50-day simple moving average of $120.80 and a two-hundred day simple moving average of $120.55. 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 company has a market capitalization of $42.31 billion, a price-to-earnings ratio of 10.56, a PEG ratio of 1.12 and a beta of 1.31.

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.