Psagot Value Holdings Ltd. Israel Makes New $35,000 Investment in Prudential Financial, Inc. (NYSE:PRU)

Psagot Value Holdings Ltd. Israel purchased a new position in Prudential Financial, Inc. (NYSE:PRUGet Rating) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 300 shares of the financial services provider’s stock, valued at approximately $35,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Moors & Cabot Inc. boosted its stake in Prudential Financial by 5.2% in the 1st quarter. Moors & Cabot Inc. now owns 11,628 shares of the financial services provider’s stock worth $1,374,000 after purchasing an additional 576 shares during the period. Norinchukin Bank The boosted its stake in Prudential Financial by 22.7% in the 1st quarter. Norinchukin Bank The now owns 15,507 shares of the financial services provider’s stock worth $1,832,000 after purchasing an additional 2,871 shares during the period. TFG Advisers LLC boosted its stake in Prudential Financial by 8.1% in the 1st quarter. TFG Advisers LLC now owns 8,481 shares of the financial services provider’s stock worth $1,002,000 after purchasing an additional 634 shares during the period. Retirement Systems of Alabama raised its holdings in shares of Prudential Financial by 87.7% during the 1st quarter. Retirement Systems of Alabama now owns 235,143 shares of the financial services provider’s stock worth $27,787,000 after acquiring an additional 109,895 shares in the last quarter. Finally, ProShare Advisors LLC raised its holdings in shares of Prudential Financial by 14.6% during the 1st quarter. ProShare Advisors LLC now owns 120,563 shares of the financial services provider’s stock worth $14,249,000 after acquiring an additional 15,390 shares in the last quarter. 57.74% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Citigroup assumed coverage on Prudential Financial in a report on Monday, May 23rd. They set a “neutral” rating and a $100.00 price objective on the stock. Royal Bank of Canada decreased their price objective on Prudential Financial from $125.00 to $112.00 and set a “sector perform” rating on the stock in a report on Monday, July 11th. Piper Sandler decreased their price objective on Prudential Financial from $110.00 to $100.00 and set a “neutral” rating on the stock in a report on Friday, July 8th. Evercore ISI decreased their price objective on Prudential Financial to $90.00 in a report on Tuesday, August 9th. Finally, Jefferies Financial Group upped their price objective on Prudential Financial from $78.00 to $79.00 and gave the stock an “underperform” rating in a report on Thursday. Two investment analysts have rated the stock with a sell rating and ten have given a hold rating to the company. According to data from MarketBeat, Prudential Financial presently has a consensus rating of “Hold” and a consensus price target of $104.83.

Prudential Financial Stock Performance

Shares of Prudential Financial stock opened at $98.48 on Monday. The stock’s fifty day moving average is $97.75 and its two-hundred day moving average is $104.18. The company has a market capitalization of $36.63 billion, a PE ratio of 18.24, a price-to-earnings-growth ratio of 1.10 and a beta of 1.40. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.68. Prudential Financial, Inc. has a 52 week low of $89.73 and a 52 week high of $124.22.

Prudential Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Tuesday, August 23rd will be given a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 4.87%. The ex-dividend date of this dividend is Monday, August 22nd. Prudential Financial’s dividend payout ratio (DPR) is presently 88.89%.

Prudential Financial Company Profile

(Get Rating)

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 eight segments: PGIM, Retirement, Group Insurance, Individual Annuities, Individual Life, Assurance IQ, International Businesses, and Closed Block.

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

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