U.S. Capital Wealth Advisors LLC Has $2.61 Million Stock Position in Prudential Financial, Inc. $PRU

U.S. Capital Wealth Advisors LLC cut its stake in shares of Prudential Financial, Inc. (NYSE:PRU) by 3.0% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 24,330 shares of the financial services provider’s stock after selling 741 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in Prudential Financial were worth $2,614,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in PRU. Invesco Ltd. boosted its holdings in shares of Prudential Financial by 2.7% in the 1st quarter. Invesco Ltd. now owns 4,440,003 shares of the financial services provider’s stock valued at $495,859,000 after buying an additional 116,079 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Prudential Financial by 19.2% in the first quarter. Goldman Sachs Group Inc. now owns 4,206,453 shares of the financial services provider’s stock valued at $469,777,000 after acquiring an additional 678,028 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of Prudential Financial by 5.6% in the 1st quarter. Ameriprise Financial Inc. now owns 1,801,551 shares of the financial services provider’s stock valued at $201,201,000 after acquiring an additional 95,021 shares during the period. Amundi raised its holdings in shares of Prudential Financial by 14.1% in the 1st quarter. Amundi now owns 1,751,633 shares of the financial services provider’s stock valued at $183,571,000 after purchasing an additional 216,119 shares during the period. Finally, Deutsche Bank AG lifted its stake in Prudential Financial by 2.3% in the 1st quarter. Deutsche Bank AG now owns 1,284,466 shares of the financial services provider’s stock valued at $143,449,000 after purchasing an additional 29,025 shares during the last quarter. Institutional investors and hedge funds own 56.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. boosted their price target on Prudential Financial from $126.00 to $136.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 8th. Wall Street Zen upgraded Prudential Financial from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. UBS Group reduced their price objective on shares of Prudential Financial from $122.00 to $110.00 and set a “neutral” rating for the company in a research report on Tuesday, May 27th. Wells Fargo & Company decreased 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 report on Wednesday, July 16th. Finally, Barclays raised their target price on shares of Prudential Financial from $119.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 17th. One analyst has rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Prudential Financial has an average rating of “Hold” and an average price target of $122.08.

Prudential Financial Stock Up 0.2%

PRU opened at $103.06 on Wednesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.16 and a current ratio of 0.16. The stock has a fifty day moving average of $105.25 and a 200-day moving average of $105.08. Prudential Financial, Inc. has a fifty-two week low of $90.38 and a fifty-two week high of $130.55. The company has a market capitalization of $36.28 billion, a P/E ratio of 22.85, a P/E/G ratio of 0.91 and a beta of 1.07.

Prudential Financial (NYSE:PRU) last released its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $3.58 EPS for the quarter, topping analysts’ consensus estimates of $3.22 by $0.36. The business had revenue of $13.50 billion for the quarter, compared to analyst estimates of $13.47 billion. Prudential Financial had a net margin of 2.75% and a return on equity of 15.80%. Prudential Financial’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period last year, the firm earned $3.39 earnings per share. On average, equities analysts expect that Prudential Financial, Inc. will post 14.36 EPS for the current year.

Prudential Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 11th. Investors of record on Tuesday, August 19th were paid a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 5.2%. The ex-dividend date was Tuesday, August 19th. Prudential Financial’s payout ratio is 119.73%.

Insider Transactions at Prudential Financial

In other Prudential Financial news, EVP Ann M. Kappler sold 4,000 shares of the firm’s stock in a transaction on Friday, August 29th. The stock was sold at an average price of $109.65, for a total transaction of $438,600.00. Following the transaction, the executive vice president owned 21,506 shares in the company, valued at $2,358,132.90. This trade represents a 15.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.25% of the stock is owned by corporate insiders.

Prudential Financial 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.