Moody National Bank Trust Division Trims Stake in Prudential Financial, Inc. (NYSE:PRU)

Moody National Bank Trust Division reduced its position in shares of Prudential Financial, Inc. (NYSE:PRU – Get Rating) by 9.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,126 shares of the financial services provider’s stock after selling 1,249 shares during the quarter. Moody National Bank Trust Division’s holdings in Prudential Financial were worth $1,433,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PRU. Clearview Wealth Advisors LLC lifted its holdings in shares of Prudential Financial by 16.1% in the 4th quarter. Clearview Wealth Advisors LLC now owns 650 shares of the financial services provider’s stock valued at $70,000 after buying an additional 90 shares during the period. Blueprint Investment Partners LLC lifted its holdings in shares of Prudential Financial by 5.8% in the 4th quarter. Blueprint Investment Partners LLC now owns 1,708 shares of the financial services provider’s stock valued at $185,000 after buying an additional 94 shares during the period. FineMark National Bank & Trust lifted its holdings in shares of Prudential Financial by 1.8% in the 4th quarter. FineMark National Bank & Trust now owns 5,481 shares of the financial services provider’s stock valued at $593,000 after buying an additional 98 shares during the period. Verdence Capital Advisors LLC lifted its holdings in shares of Prudential Financial by 3.0% in the 4th quarter. Verdence Capital Advisors LLC now owns 3,393 shares of the financial services provider’s stock valued at $367,000 after buying an additional 100 shares during the period. Finally, Optimum Investment Advisors lifted its holdings in shares of Prudential Financial by 7.5% in the 4th quarter. Optimum Investment Advisors now owns 1,425 shares of the financial services provider’s stock valued at $154,000 after buying an additional 100 shares during the period. Institutional investors own 56.77% of the company’s stock.

PRU stock opened at $93.17 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.06 and a quick ratio of 0.06. The business has a 50 day simple moving average of $105.05 and a 200-day simple moving average of $109.96. The firm has a market capitalization of $34.94 billion, a PE ratio of 7.56, a price-to-earnings-growth ratio of 0.87 and a beta of 1.49. Prudential Financial, Inc. has a 1 year low of $90.25 and a 1 year high of $124.22.

Prudential Financial (NYSE:PRU – Get Rating) last posted its quarterly earnings results on Tuesday, May 3rd. The financial services provider reported $3.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.67 by $0.50. The business had revenue of $13.66 billion during the quarter, compared to analyst estimates of $13.93 billion. Prudential Financial had a return on equity of 9.35% and a net margin of 8.09%. During the same period in the prior year, the business earned $4.11 earnings per share. On average, equities research analysts expect that Prudential Financial, Inc. will post 11.74 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, June 16th. Stockholders of record on Tuesday, May 24th were given a $1.20 dividend. The ex-dividend date was Monday, May 23rd. This represents a $4.80 dividend on an annualized basis and a dividend yield of 5.15%. Prudential Financial’s dividend payout ratio (DPR) is presently 38.93%.

Several equities analysts have recently issued reports on PRU shares. Credit Suisse Group cut Prudential Financial from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $131.00 to $121.00 in a report on Friday, March 25th. Piper Sandler cut their price target on Prudential Financial from $118.00 to $110.00 and set a “neutral” rating for the company in a research note on Friday, May 27th. StockNews.com started coverage on Prudential Financial in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Citigroup started coverage on Prudential Financial in a research note on Monday, May 23rd. They issued a “neutral” rating and a $100.00 price target for the company. Finally, JPMorgan Chase & Co. lifted their price target on Prudential Financial from $113.00 to $120.00 in a research note on Tuesday, April 5th. Two analysts have rated the stock with a sell rating and ten have issued a hold rating to the company’s stock. Based on data from MarketBeat, Prudential Financial currently has an average rating of “Hold” and an average target price of $112.58.

Prudential Financial Profile (Get Rating)

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 eight segments: PGIM, Retirement, Group Insurance, Individual Annuities, Individual Life, Assurance IQ, International Businesses, and Closed Block.

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