25,730 Shares in Prudential Financial, Inc. $PRU Purchased by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI acquired a new stake in Prudential Financial, Inc. (NYSE:PRU) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 25,730 shares of the financial services provider’s stock, valued at approximately $2,777,000.

Other large investors also recently bought and sold shares of the company. Jessup Wealth Management Inc acquired a new stake in shares of Prudential Financial during the 4th quarter valued at approximately $25,000. Garton & Associates Financial Advisors LLC acquired a new position in Prudential Financial in the fourth quarter worth $26,000. Salomon & Ludwin LLC increased its stake in Prudential Financial by 98.3% during the fourth quarter. Salomon & Ludwin LLC now owns 230 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 114 shares during the last quarter. SJS Investment Consulting Inc. raised its holdings in shares of Prudential Financial by 93.1% during the first quarter. SJS Investment Consulting Inc. now owns 278 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 134 shares during the period. Finally, Coston McIsaac & Partners raised its holdings in shares of Prudential Financial by 93.4% during the fourth quarter. Coston McIsaac & Partners now owns 265 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 128 shares during the period. Institutional investors own 56.83% of the company’s stock.

Insider Buying and Selling

In other Prudential Financial news, major shareholder Insurance Co Of Ame Prudential sold 214,746 shares of the business’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $24.75, for a total transaction of $5,314,963.50. Following the sale, the insider directly owned 7,973,657 shares in the company, valued at approximately $197,348,010.75. The trade was a 2.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.05% of the company’s stock.

Prudential Financial Stock Down 0.5%

PRU opened at $124.54 on Tuesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.16 and a quick ratio of 0.16. Prudential Financial, Inc. has a 12 month low of $91.89 and a 12 month high of $127.72. The stock’s 50 day moving average price is $115.36 and its 200 day moving average price is $105.33. The stock has a market cap of $42.97 billion, a P/E ratio of 11.28, a P/E/G ratio of 2.38 and a beta of 0.84.

Prudential Financial (NYSE:PRU) last released its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $4.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.52 by $0.56. The company had revenue of $14.15 billion during the quarter, compared to analysts’ expectations of $14.36 billion. Prudential Financial had a return on equity of 16.68% and a net margin of 6.51%.During the same quarter in the prior year, the business posted $3.58 earnings per share. As a group, research analysts predict that Prudential Financial, Inc. will post 14.17 earnings per share for the current year.

Prudential Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Tuesday, August 25th will be paid a dividend of $1.40 per share. The ex-dividend date of this dividend is Tuesday, August 25th. This represents a $5.60 annualized dividend and a yield of 4.5%. Prudential Financial’s dividend payout ratio (DPR) is presently 50.72%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Weiss Ratings raised shares of Prudential Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 16th. Piper Sandler raised their target price on shares of Prudential Financial from $110.00 to $128.00 and gave the stock a “neutral” rating in a report on Tuesday, August 11th. Barclays lifted their target price on Prudential Financial from $90.00 to $92.00 and gave the company an “underweight” rating in a research note on Tuesday, July 7th. Zacks Research upgraded Prudential Financial from a “strong sell” rating to a “hold” rating in a research report on Friday, June 12th. Finally, Wells Fargo & Company raised their price target on Prudential Financial from $100.00 to $103.00 and gave the stock an “underweight” rating in a report on Thursday, July 9th. One equities research analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, Prudential Financial currently has an average rating of “Reduce” and a consensus price target of $107.77.

Prudential Financial Company 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.