Members Trust Co Acquires Shares of 3,739 Prudential Financial, Inc. $PRU

Members Trust Co acquired a new stake in shares of Prudential Financial, Inc. (NYSE:PRU) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 3,739 shares of the financial services provider’s stock, valued at approximately $402,000.

A number of other institutional investors have also recently made changes to their positions in PRU. Brighton Jones LLC lifted its holdings in shares of Prudential Financial by 3.7% in the 4th quarter. Brighton Jones LLC now owns 3,681 shares of the financial services provider’s stock valued at $436,000 after acquiring an additional 133 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Prudential Financial by 1.9% in the 1st quarter. GAMMA Investing LLC now owns 7,771 shares of the financial services provider’s stock valued at $868,000 after acquiring an additional 145 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Prudential Financial by 3.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 79,888 shares of the financial services provider’s stock valued at $8,922,000 after acquiring an additional 2,623 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Prudential Financial by 2.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 104,725 shares of the financial services provider’s stock valued at $11,696,000 after acquiring an additional 2,228 shares during the last quarter. Finally, Asset Management One Co. Ltd. lifted its holdings in shares of Prudential Financial by 7.6% in the 1st quarter. Asset Management One Co. Ltd. now owns 175,194 shares of the financial services provider’s stock valued at $19,566,000 after acquiring an additional 12,439 shares during the last quarter. Institutional investors own 56.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on PRU. Wall Street Zen raised shares of Prudential Financial from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Morgan Stanley increased their price objective on shares of Prudential Financial from $117.00 to $118.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Prudential Financial in a research report on Wednesday, October 8th. Wells Fargo & Company reduced their price objective on shares of Prudential Financial from $116.00 to $113.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 16th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Prudential Financial from $126.00 to $136.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 8th. One research analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $122.27.

Prudential Financial Stock Performance

Shares of NYSE:PRU opened at $101.92 on Wednesday. The firm has a market cap of $35.87 billion, a PE ratio of 22.60, a price-to-earnings-growth ratio of 0.90 and a beta of 1.04. The firm’s 50 day simple moving average is $104.96 and its 200-day simple moving average is $104.12. Prudential Financial, Inc. has a one year low of $90.38 and a one year high of $130.55. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.16 and a current ratio of 0.16.

Prudential Financial (NYSE:PRU) last issued its earnings results on Wednesday, January 15th. The financial services provider reported $3.58 EPS for the quarter. The business had revenue of $8.35 billion for the quarter. Prudential Financial had a net margin of 2.75% and a return on equity of 15.80%. As a group, equities analysts predict that Prudential Financial, Inc. will post 14.36 EPS for the current year.

Prudential Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 11th. Stockholders of record on Tuesday, August 19th were given a dividend of $1.35 per share. The ex-dividend date of this dividend was Tuesday, August 19th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 5.3%. Prudential Financial’s dividend payout ratio (DPR) is 119.73%.

Insider Activity at Prudential Financial

In related news, EVP Ann M. Kappler sold 4,000 shares of Prudential Financial stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $109.65, for a total transaction of $438,600.00. Following the transaction, the executive vice president directly owned 21,506 shares of the company’s stock, valued at $2,358,132.90. This trade represents a 15.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.25% of the company’s stock.

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.