Robeco Institutional Asset Management B.V. Has $24.37 Million Holdings in Prudential Financial, Inc. (NYSE:PRU)

Robeco Institutional Asset Management B.V. raised its stake in shares of Prudential Financial, Inc. (NYSE:PRU) by 1.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 205,595 shares of the financial services provider’s stock after purchasing an additional 3,235 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Prudential Financial were worth $24,369,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Grove Bank & Trust increased its stake in Prudential Financial by 65.9% during the 4th quarter. Grove Bank & Trust now owns 219 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 87 shares in the last quarter. Avidian Wealth Enterprises LLC increased its position 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 worth $891,000 after acquiring an additional 89 shares in the last quarter. Asset Dedication LLC raised its holdings in shares of Prudential Financial by 28.4% in the 4th quarter. Asset Dedication LLC now owns 420 shares of the financial services provider’s stock worth $50,000 after acquiring an additional 93 shares during the last quarter. Daymark Wealth Partners LLC boosted its stake in Prudential Financial by 3.9% during the 3rd quarter. Daymark Wealth Partners LLC now owns 2,616 shares of the financial services provider’s stock valued at $317,000 after purchasing an additional 97 shares during the last quarter. Finally, UMB Bank n.a. increased its holdings in Prudential Financial by 2.7% during the 3rd 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.

Insider Activity

In related news, major shareholder Insurance Co Of Ame Prudential purchased 537,249 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were acquired at an average cost of $27.92 per share, with a total value of $14,999,992.08. Following the purchase, the insider now directly owns 4,780,293 shares of the company’s stock, valued at approximately $133,465,780.56. This trade represents a 12.66 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 0.31% of the stock is owned by corporate insiders.

Prudential Financial Trading Down 0.4 %

Shares of Prudential Financial stock opened at $121.89 on Friday. The company has a 50 day simple moving average of $121.04 and a two-hundred day simple moving average of $120.66. The firm has a market cap of $43.39 billion, a PE ratio of 10.83, a PEG ratio of 1.09 and a beta of 1.31. Prudential Financial, Inc. has a 1 year low of $100.60 and a 1 year high of $130.55. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.14 and a quick ratio of 0.14.

Prudential Financial (NYSE:PRU) last posted its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $3.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.47 by $0.01. The firm had revenue of $19.48 billion during the quarter, compared to analysts’ expectations of $14.57 billion. Prudential Financial had a return on equity of 15.30% and a net margin of 6.03%. During the same period in the prior year, the business earned $3.44 EPS. Analysts expect that Prudential Financial, Inc. will post 13.24 earnings per share for the current fiscal year.

Prudential Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Tuesday, November 19th were issued a $1.30 dividend. The ex-dividend date was Tuesday, November 19th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.27%. Prudential Financial’s payout ratio is 46.22%.

Analyst Ratings Changes

Several research analysts recently issued reports on PRU shares. Piper Sandler cut their target price on Prudential Financial from $127.00 to $124.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Bank of America upped their target price on shares of Prudential Financial from $109.00 to $118.00 and gave the stock a “neutral” rating in a research note on Thursday, October 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 report on Wednesday, November 27th. Evercore ISI raised shares of Prudential Financial from an “underperform” rating to an “inline” rating and upped their price objective for the stock from $117.00 to $140.00 in a research report on Thursday, November 14th. Finally, Barclays boosted their target price on Prudential Financial from $127.00 to $128.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 23rd. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $125.31.

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.