Bogart Wealth LLC Sells 333 Shares of Prudential Financial, Inc. (NYSE:PRU)

Bogart Wealth LLC lowered its holdings in shares of Prudential Financial, Inc. (NYSE:PRU) by 0.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 59,919 shares of the financial services provider’s stock after selling 333 shares during the quarter. Bogart Wealth LLC’s holdings in Prudential Financial were worth $7,256,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in PRU. Moody Aldrich Partners LLC purchased a new position in Prudential Financial in the third quarter worth about $341,000. Impact Partnership Wealth LLC increased its position in shares of Prudential Financial by 84.8% during the 3rd quarter. Impact Partnership Wealth LLC now owns 10,721 shares of the financial services provider’s stock valued at $1,298,000 after purchasing an additional 4,920 shares during the last quarter. International Assets Investment Management LLC raised its holdings in Prudential Financial by 4,130.8% during the 3rd quarter. International Assets Investment Management LLC now owns 1,298,257 shares of the financial services provider’s stock valued at $157,219,000 after buying an additional 1,267,571 shares during the period. TFG Advisers LLC lifted its position in Prudential Financial by 1.8% in the third quarter. TFG Advisers LLC now owns 15,841 shares of the financial services provider’s stock worth $1,918,000 after buying an additional 286 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI increased its position in Prudential Financial by 41.6% during the third quarter. Commerzbank Aktiengesellschaft FI now owns 20,279 shares of the financial services provider’s stock valued at $2,456,000 after acquiring an additional 5,961 shares during the last quarter. 56.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on PRU shares. JPMorgan Chase & Co. lifted their price target on shares of Prudential Financial from $118.00 to $128.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 2nd. Piper Sandler boosted their target price on Prudential Financial from $121.00 to $127.00 and gave the company a “neutral” rating in a research report on Wednesday, October 2nd. UBS Group raised their price target on Prudential Financial from $112.00 to $119.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 13th. Argus upgraded Prudential Financial to a “strong-buy” rating in a report on Thursday, August 8th. Finally, TD Cowen assumed coverage on Prudential Financial in a research note on Wednesday, October 9th. They issued a “hold” rating and a $130.00 target price on the stock. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Prudential Financial currently has an average rating of “Hold” and an average price target of $123.69.

Prudential Financial Stock Down 0.1 %

Shares of NYSE:PRU traded down $0.14 during trading hours on Thursday, hitting $125.02. The company’s stock had a trading volume of 213,491 shares, compared to its average volume of 1,475,340. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.13 and a quick ratio of 0.13. The firm’s fifty day moving average price is $119.79 and its 200 day moving average price is $117.69. Prudential Financial, Inc. has a 52 week low of $87.95 and a 52 week high of $128.52. The company has a market capitalization of $44.88 billion, a price-to-earnings ratio of 21.25, a P/E/G ratio of 0.97 and a beta of 1.30.

Prudential Financial (NYSE:PRU) last posted its earnings results on Thursday, August 1st. The financial services provider reported $3.39 earnings per share for the quarter, missing analysts’ consensus estimates of $3.43 by ($0.04). Prudential Financial had a return on equity of 16.00% and a net margin of 4.86%. The company had revenue of $13.84 billion for the quarter, compared to analysts’ expectations of $13.78 billion. As a group, research analysts expect that Prudential Financial, Inc. will post 13.3 EPS for the current year.

Prudential Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Tuesday, August 20th were paid a $1.30 dividend. The ex-dividend date was Tuesday, August 20th. This represents a $5.20 annualized dividend and a yield of 4.16%. Prudential Financial’s dividend payout ratio (DPR) is presently 88.44%.

Insiders Place Their Bets

In other news, major shareholder Insurance Co Of Ame Prudential purchased 261,059 shares of the stock in a transaction dated Tuesday, October 8th. The shares were acquired at an average cost of $27.58 per share, for a total transaction of $7,200,007.22. Following the acquisition, the insider now owns 4,208,549 shares of the company’s stock, valued at approximately $116,071,781.42. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Prudential Financial news, major shareholder Insurance Co Of Ame Prudential purchased 261,059 shares of Prudential Financial stock in a transaction dated Tuesday, October 8th. The shares were acquired at an average cost of $27.58 per share, with a total value of $7,200,007.22. Following the completion of the transaction, the insider now owns 4,208,549 shares in the company, valued at approximately $116,071,781.42. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Caroline Feeney sold 1,110 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $119.97, for a total value of $133,166.70. Following the completion of the sale, the executive vice president now directly owns 10,175 shares of the company’s stock, valued at $1,220,694.75. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.31% of the stock is currently owned by corporate insiders.

Prudential Financial Company 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.