Capital Advisors Inc. OK Purchases 21,292 Shares of Prudential Financial, Inc. $PRU

Capital Advisors Inc. OK grew its position in shares of Prudential Financial, Inc. (NYSE:PRU) by 5.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 405,696 shares of the financial services provider’s stock after buying an additional 21,292 shares during the period. Capital Advisors Inc. OK owned approximately 0.12% of Prudential Financial worth $45,795,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new position in shares of Prudential Financial in the 2nd quarter valued at approximately $122,778,000. Arrowstreet Capital Limited Partnership boosted its position in shares of Prudential Financial by 183.3% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 804,316 shares of the financial services provider’s stock worth $83,440,000 after acquiring an additional 520,425 shares in the last quarter. Marshall Wace LLP bought a new position in Prudential Financial in the second quarter valued at approximately $40,552,000. Canada Pension Plan Investment Board raised its position in Prudential Financial by 209.2% during the second quarter. Canada Pension Plan Investment Board now owns 520,025 shares of the financial services provider’s stock valued at $55,871,000 after purchasing an additional 351,849 shares in the last quarter. Finally, Algebris UK Ltd. bought a new stake in Prudential Financial during the third quarter worth $36,298,000. Institutional investors and hedge funds own 56.83% of the company’s stock.

Insider Buying and Selling at Prudential Financial

In other Prudential Financial news, EVP Jacques Chappuis purchased 1,000 shares of the company’s stock in a transaction dated Friday, February 6th. The stock was purchased at an average price of $100.97 per share, with a total value of $100,970.00. Following the completion of the purchase, the executive vice president owned 1,000 shares of the company’s stock, valued at approximately $100,970. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Insurance Co Of Ame Prudential acquired 1,406,739 shares of Prudential Financial stock in a transaction that occurred on Friday, January 23rd. The stock was acquired at an average cost of $24.87 per share, for a total transaction of $34,985,598.93. Following the purchase, the insider owned 7,709,624 shares of the company’s stock, valued at $191,738,348.88. The trade was a 22.32% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders have bought 1,408,389 shares of company stock valued at $35,154,439. Insiders own 0.25% of the company’s stock.

Prudential Financial Stock Performance

Shares of PRU stock opened at $97.57 on Wednesday. The business’s 50-day moving average price is $100.60 and its 200-day moving average price is $105.44. Prudential Financial, Inc. has a 12 month low of $90.38 and a 12 month high of $119.76. The firm has a market capitalization of $33.94 billion, a price-to-earnings ratio of 9.76, a PEG ratio of 1.16 and a beta of 0.98. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.58.

Prudential Financial (NYSE:PRU) last released its quarterly earnings results on Tuesday, February 3rd. The financial services provider reported $3.30 earnings per share for the quarter, missing the consensus estimate of $3.37 by ($0.07). The firm had revenue of $14.52 billion for the quarter, compared to the consensus estimate of $14.48 billion. Prudential Financial had a return on equity of 16.32% and a net margin of 6.20%.During the same quarter last year, the firm posted $2.96 earnings per share. Equities research analysts forecast that Prudential Financial, Inc. will post 14.36 EPS for the current year.

Prudential Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Shareholders of record on Tuesday, February 17th were given a $1.40 dividend. This is an increase from Prudential Financial’s previous quarterly dividend of $1.35. The ex-dividend date was Tuesday, February 17th. This represents a $5.60 annualized dividend and a yield of 5.7%. Prudential Financial’s dividend payout ratio is currently 56.00%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on PRU shares. Wall Street Zen lowered Prudential Financial from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. Weiss Ratings lowered Prudential Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, March 13th. Morgan Stanley decreased their target price on Prudential Financial from $120.00 to $111.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 3rd. Keefe, Bruyette & Woods started coverage on Prudential Financial in a research note on Thursday, March 26th. They set a “hold” rating and a $106.00 target price for the company. Finally, Wells Fargo & Company downgraded shares of Prudential Financial from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $115.00 to $103.00 in a research note on Wednesday, February 25th. Nine investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $113.89.

Prudential Financial 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.