NBT Bank N.A. Makes New $2.21 Million Investment in Prudential Financial, Inc. $PRU

NBT Bank N.A. purchased a new stake in Prudential Financial, Inc. (NYSE:PRU) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 19,493 shares of the financial services provider’s stock, valued at approximately $2,214,000.

Several other hedge funds also recently modified their holdings of the company. Plimoth Trust Co. LLC increased its holdings in Prudential Financial by 2.4% in the 2nd quarter. Plimoth Trust Co. LLC now owns 3,860 shares of the financial services provider’s stock worth $417,000 after purchasing an additional 90 shares in the last quarter. Security National Bank of SO Dak boosted its stake in shares of Prudential Financial by 0.6% during the second quarter. Security National Bank of SO Dak now owns 14,676 shares of the financial services provider’s stock valued at $1,584,000 after purchasing an additional 90 shares in the last quarter. Keating Financial Advisory Services Inc. boosted its stake in shares of Prudential Financial by 34.8% during the second quarter. Keating Financial Advisory Services Inc. now owns 395 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 102 shares in the last quarter. Apella Capital LLC grew its holdings in shares of Prudential Financial by 3.7% during the first quarter. Apella Capital LLC now owns 2,979 shares of the financial services provider’s stock worth $303,000 after purchasing an additional 106 shares during the last quarter. Finally, Magnus Financial Group LLC grew its holdings in shares of Prudential Financial by 4.8% during the third quarter. Magnus Financial Group LLC now owns 2,472 shares of the financial services provider’s stock worth $281,000 after purchasing an additional 113 shares during the last quarter. Institutional investors and hedge funds own 56.83% of the company’s stock.

Analyst Upgrades and Downgrades

PRU has been the subject of several recent research reports. Wall Street Zen downgraded Prudential Financial from a “buy” rating to a “hold” rating in a research note on Monday, September 28th. Keefe, Bruyette & Woods cut their target price on shares of Prudential Financial from $123.00 to $119.00 and set a “market perform” rating on the stock in a research report on Friday, October 16th. JPMorgan Chase & Co. cut their target price on shares of Prudential Financial from $127.00 to $124.00 and set a “neutral” rating on the stock in a research report on Thursday. Weiss Ratings lowered shares of Prudential Financial from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, October 14th. Finally, Barclays decreased their price target on shares of Prudential Financial from $96.00 to $94.00 and set an “underweight” rating for the company in a research report on Monday. One equities research analyst has rated the stock with a Buy rating, ten have issued a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $106.92.

Prudential Financial Price Performance

Prudential Financial stock opened at $118.14 on Friday. The stock’s 50 day moving average is $117.85 and its 200 day moving average is $111.39. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.16 and a quick ratio of 0.16. The firm has a market cap of $40.76 billion, a P/E ratio of 10.70, a P/E/G ratio of 1.73 and a beta of 0.85. Prudential Financial, Inc. has a one year low of $91.89 and a one year high of $127.72.

Prudential Financial (NYSE:PRU) last announced its earnings results on Tuesday, August 4th. The financial services provider reported $4.08 EPS for the quarter, beating the consensus estimate of $3.52 by $0.56. Prudential Financial had a return on equity of 16.68% and a net margin of 6.51%. The business had revenue of $14.15 billion for the quarter, compared to analysts’ expectations of $14.36 billion. During the same period in the prior year, the business posted $3.58 earnings per share. As a group, research analysts expect that Prudential Financial, Inc. will post 14.37 EPS for the current year.

Prudential Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Tuesday, August 25th were paid a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend was Tuesday, August 25th. Prudential Financial’s dividend payout ratio is currently 50.72%.

More Prudential Financial News

Here are the key news stories impacting Prudential Financial this week:

• Positive Sentiment: Prudential is partnering with SoFi to offer life-insurance products through SoFi’s app to its approximately 15 million members. The agreement could expand Prudential’s digital distribution, customer reach and new-business opportunities. SoFi and Prudential Financial team up to expand access to life insurance
• Positive Sentiment: Prudential’s planned sale of its Brazil and Mexico businesses for roughly $4 billion may support capital generation and sharpen the company’s focus on core markets, though investors will watch how proceeds are deployed. Newark’s Prudential Sells Brazil, Mexico Units for $4 Billion in Market Exit Push
• Neutral Sentiment: JPMorgan lowered its price target to $124 from $127 while maintaining a “neutral” rating. The revised target still implies modest upside, but the cut signals limited near-term conviction. JPMorgan lowers Prudential Financial price target
• Neutral Sentiment: Prudential Wealth Advisors plans to increase recruiting under a centralized operating model. The move could strengthen its advisor platform over time, but near-term financial effects are unclear. Prudential Wealth Advisors set to ramp up recruiting with new centralized model
• Negative Sentiment: Dowling & Partners reduced its EPS forecasts to $13.80 for fiscal 2027 and $15.30 for fiscal 2028, from $14.60 and $16.15, respectively. The lower estimates point to weaker expected earnings momentum. Prudential Financial analyst earnings estimates
• Negative Sentiment: TD Cowen cut its price target to $112 from $114 and kept a “hold” rating, implying downside from recent trading levels. Barclays and Morgan Stanley have also recently lowered expectations, creating a broadly cautious analyst backdrop. Analyst target reductions for Prudential Financial

Insider Buying and Selling at Prudential Financial

In other news, EVP Ann Kappler sold 7,652 shares of the stock in a transaction on Friday, August 14th. The shares were sold at an average price of $125.01, for a total transaction of $956,576.52. Following the completion of the sale, the executive vice president directly owned 14,407 shares in the company, valued at $1,801,019.07. This represents a 34.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Insurance Co Of Ame Prudential sold 214,746 shares of Prudential Financial stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $24.75, for a total transaction of $5,314,963.50. Following the transaction, the insider directly owned 7,973,657 shares of the company’s stock, valued at $197,348,010.75. This represents a 2.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.05% of the company’s stock.

About Prudential Financial

Prudential Financial, Inc (NYSE: PRU) is a global financial services company that provides insurance, retirement, investment management and related financial products. Founded in Newark, New Jersey, in 1875, the company serves individuals, businesses and institutional investors through a range of businesses and distribution channels.

In the United States, Prudential offers life insurance, annuities, retirement plans and employee benefits, including group life, disability and dental insurance.