Long Run Wealth Advisors LLC Has $1.53 Million Stock Holdings in Prudential Financial, Inc. $PRU

by · The Cerbat Gem

Long Run Wealth Advisors LLC grew its holdings in Prudential Financial, Inc. (NYSE:PRU – Free Report) by 7.1% in the 2nd quarter, Holdings Channel reports. The fund owned 14,200 shares of the financial services provider’s stock after purchasing an additional 937 shares during the quarter. Long Run Wealth Advisors LLC’s holdings in Prudential Financial were worth $1,526,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Invesco Ltd. boosted its position in shares of Prudential Financial by 2.7% in the first quarter. Invesco Ltd. now owns 4,440,003 shares of the financial services provider’s stock valued at $495,859,000 after acquiring an additional 116,079 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of 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 period. Ameriprise Financial Inc. boosted its position in shares of Prudential Financial by 5.6% in the first 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 boosted its position in shares of Prudential Financial by 14.1% in the first quarter. Amundi now owns 1,751,633 shares of the financial services provider’s stock valued at $183,571,000 after acquiring an additional 216,119 shares during the period. Finally, Nordea Investment Management AB boosted its position in shares of Prudential Financial by 49.2% in the second quarter. Nordea Investment Management AB now owns 1,720,781 shares of the financial services provider’s stock valued at $184,192,000 after acquiring an additional 567,571 shares during the period. 56.83% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on PRU shares. Wall Street Zen raised Prudential Financial from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Prudential Financial in a research report on Wednesday, October 8th. Evercore ISI raised their target price on Prudential Financial from $120.00 to $122.00 and gave the stock an “in-line” rating in a research report on Thursday, October 30th. Wolfe Research initiated coverage on Prudential Financial in a research report on Tuesday, September 16th. They issued a “peer perform” rating for the company. Finally, Morgan Stanley raised their target price on Prudential Financial from $117.00 to $118.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 7th. One equities research analyst has rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Prudential Financial currently has a consensus rating of “Hold” and a consensus target price of $120.73.

Read Our Latest Research Report on PRU

Prudential Financial Stock Performance

Shares of NYSE:PRU opened at $104.45 on Thursday. Prudential Financial, Inc. has a twelve month low of $90.38 and a twelve month high of $130.55. The firm has a market cap of $36.56 billion, a PE ratio of 14.35, a price-to-earnings-growth ratio of 0.88 and a beta of 1.05. 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 business has a fifty day moving average of $103.89 and a 200-day moving average of $104.44.

Prudential Financial (NYSE:PRU – Get Free Report) last announced its earnings results on Wednesday, January 15th. The financial services provider reported $3.58 earnings per share for the quarter. Prudential Financial had a return on equity of 16.98% and a net margin of 4.65%.The company had revenue of $8.35 billion during the quarter. On average, equities research analysts predict that Prudential Financial, Inc. will post 14.36 EPS for the current fiscal year.

Prudential Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Tuesday, November 18th will be paid a $1.35 dividend. The ex-dividend date is Tuesday, November 18th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 5.2%. Prudential Financial’s dividend payout ratio (DPR) is 74.18%.

Insider Buying and Selling at Prudential Financial

In related news, EVP Ann M. Kappler sold 4,000 shares of Prudential Financial stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $109.65, for a total value of $438,600.00. Following the completion of the sale, the executive vice president directly owned 21,506 shares in the company, 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.25% of the company’s stock.

Prudential Financial Company Profile

(Free Report)

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.

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