NBT Bank N A NY Has $3.11 Million Holdings in Prudential Financial, Inc. (NYSE:PRU)

NBT Bank N A NY lowered its stake in Prudential Financial, Inc. (NYSE:PRU) by 0.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,214 shares of the financial services provider’s stock after selling 169 shares during the quarter. NBT Bank N A NY’s holdings in Prudential Financial were worth $3,107,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in PRU. OFI Invest Asset Management acquired a new stake in Prudential Financial in the fourth quarter valued at approximately $180,000. Amundi boosted its holdings in shares of Prudential Financial by 32.7% during the 4th quarter. Amundi now owns 1,535,514 shares of the financial services provider’s stock valued at $181,851,000 after acquiring an additional 378,266 shares in the last quarter. Larson Financial Group LLC increased its holdings in Prudential Financial by 66.3% in the 4th quarter. Larson Financial Group LLC now owns 1,189 shares of the financial services provider’s stock worth $141,000 after purchasing an additional 474 shares in the last quarter. PNC Financial Services Group Inc. raised its position in Prudential Financial by 1.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 117,250 shares of the financial services provider’s stock valued at $13,898,000 after purchasing an additional 1,181 shares during the last quarter. Finally, Machina Capital S.A.S. grew its holdings in shares of Prudential Financial by 258.1% during the fourth quarter. Machina Capital S.A.S. now owns 14,280 shares of the financial services provider’s stock worth $1,693,000 after purchasing an additional 10,292 shares during the last quarter. 56.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

PRU has been the topic of a number of research reports. Jefferies Financial Group boosted their target price on shares of Prudential Financial from $149.00 to $152.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. BMO Capital Markets assumed coverage on Prudential Financial in a report on Thursday, January 23rd. They issued an “underperform” rating and a $101.00 price objective for the company. Evercore ISI upgraded Prudential Financial from an “underperform” rating to an “inline” rating and upped their price target for the company from $117.00 to $140.00 in a research report on Thursday, November 14th. Morgan Stanley lowered their price objective on Prudential Financial from $136.00 to $128.00 and set an “equal weight” rating for the company in a research report on Friday, February 28th. Finally, TD Cowen upped their target price on Prudential Financial from $130.00 to $133.00 and gave the company a “hold” rating in a report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, ten 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, the stock has an average rating of “Hold” and a consensus price target of $126.15.

Prudential Financial Stock Up 1.1 %

Shares of NYSE PRU opened at $111.35 on Monday. Prudential Financial, Inc. has a 12-month low of $104.44 and a 12-month high of $130.55. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.68. The firm has a market cap of $39.86 billion, a PE ratio of 14.91, a P/E/G ratio of 0.98 and a beta of 1.28. The company’s fifty day simple moving average is $115.53 and its 200 day simple moving average is $119.78.

Prudential Financial (NYSE:PRU) last issued its earnings results on Tuesday, February 4th. The financial services provider reported $2.96 EPS for the quarter, missing the consensus estimate of $3.36 by ($0.40). Prudential Financial had a net margin of 4.01% and a return on equity of 15.86%. As a group, sell-side analysts forecast that Prudential Financial, Inc. will post 14.36 earnings per share for the current fiscal year.

Prudential Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Tuesday, February 18th will be issued a $1.35 dividend. This is a boost from Prudential Financial’s previous quarterly dividend of $1.30. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.85%. The ex-dividend date is Tuesday, February 18th. Prudential Financial’s dividend payout ratio (DPR) is currently 72.29%.

About Prudential Financial

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.