Capital Advisors Inc. OK Has $39.88 Million Stock Holdings in Prudential Financial, Inc. $PRU

Capital Advisors Inc. OK lifted its holdings in shares of Prudential Financial, Inc. (NYSE:PRU) by 28.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 384,404 shares of the financial services provider’s stock after purchasing an additional 85,072 shares during the period. Capital Advisors Inc. OK owned 0.11% of Prudential Financial worth $39,878,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the business. Verity & Verity LLC boosted its holdings in shares of Prudential Financial by 3.2% during the 3rd quarter. Verity & Verity LLC now owns 195,060 shares of the financial services provider’s stock worth $20,236,000 after buying an additional 6,040 shares in the last quarter. American National Bank & Trust boosted its stake in Prudential Financial by 62.5% during the third quarter. American National Bank & Trust now owns 2,150 shares of the financial services provider’s stock worth $223,000 after acquiring an additional 827 shares in the last quarter. Bell Bank boosted its stake in Prudential Financial by 5.4% during the third quarter. Bell Bank now owns 86,518 shares of the financial services provider’s stock worth $8,975,000 after acquiring an additional 4,426 shares in the last quarter. First Pacific Financial increased its stake in Prudential Financial by 31.0% in the third quarter. First Pacific Financial now owns 33,221 shares of the financial services provider’s stock valued at $3,446,000 after purchasing an additional 7,871 shares in the last quarter. Finally, SteelPeak Wealth LLC acquired a new position in shares of Prudential Financial during the third quarter valued at about $865,000. 56.83% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on PRU. Morgan Stanley boosted their target price on Prudential Financial from $117.00 to $118.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 7th. Wall Street Zen upgraded Prudential Financial from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Keefe, Bruyette & Woods increased their target price on Prudential Financial from $117.00 to $118.00 and gave the stock a “market perform” rating in a report on Monday, November 3rd. Wolfe Research started coverage on shares of Prudential Financial in a research note on Tuesday, September 16th. They set a “peer perform” rating for the company. Finally, Barclays dropped their price objective on shares of Prudential Financial from $120.00 to $117.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 8th. Eleven investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $118.00.

Prudential Financial Trading Up 0.8%

Shares of Prudential Financial stock opened at $113.84 on Friday. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.58. The stock has a fifty day simple moving average of $109.46 and a 200 day simple moving average of $106.45. Prudential Financial, Inc. has a 12-month low of $90.38 and a 12-month high of $123.88. The company has a market capitalization of $39.84 billion, a P/E ratio of 15.64, a price-to-earnings-growth ratio of 0.90 and a beta of 0.97.

Prudential Financial (NYSE:PRU) last posted its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $3.58 earnings per share (EPS) for the quarter. The firm had revenue of $8.35 billion for the quarter. Prudential Financial had a net margin of 4.65% and a return on equity of 16.60%. On average, sell-side analysts anticipate that Prudential Financial, Inc. will post 14.36 earnings per share for the current fiscal year.

Prudential Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 11th. Shareholders of record on Tuesday, November 18th were given a dividend of $1.35 per share. The ex-dividend date of this dividend was Tuesday, November 18th. This represents a $5.40 annualized dividend and a dividend yield of 4.7%. Prudential Financial’s dividend payout ratio (DPR) is currently 74.18%.

Insider Transactions at Prudential Financial

In other Prudential Financial news, EVP Caroline Feeney sold 6,555 shares of the company’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $116.28, for a total value of $762,215.40. Following the completion of the transaction, the executive vice president owned 22,523 shares in the company, valued at $2,618,974.44. This represents a 22.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Charles F. Lowrey sold 48,164 shares of the firm’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $107.39, for a total value of $5,172,331.96. Following the sale, the chairman directly owned 165,564 shares of the company’s stock, valued at approximately $17,779,917.96. This represents a 22.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 62,719 shares of company stock worth $6,796,067 in the last 90 days. Insiders own 0.25% of the company’s stock.

Prudential Financial Company Profile

Prudential Financial, Inc, headquartered in Newark, New Jersey, is a diversified financial services company with roots dating to 1875. The firm provides a range of insurance, retirement and investment products aimed at helping individual and institutional clients manage risk, accumulate and protect wealth, and plan for retirement. Prudential’s long history in life insurance and related financial services has positioned it as a major participant in the U.S. insurance market and a provider of services to a broad client base.

Prudential’s core business activities include individual life insurance, annuities, retirement solutions and group insurance products for employers.