OneDigital Investment Advisors LLC Has $1.53 Million Stake in Prudential Financial, Inc. (NYSE:PRU)

OneDigital Investment Advisors LLC lowered its stake in Prudential Financial, Inc. (NYSE:PRU) by 0.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,635 shares of the financial services provider’s stock after selling 88 shares during the period. OneDigital Investment Advisors LLC’s holdings in Prudential Financial were worth $1,530,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Sei Investments Co. raised its position in shares of Prudential Financial by 12.9% in the first quarter. Sei Investments Co. now owns 57,853 shares of the financial services provider’s stock valued at $6,791,000 after purchasing an additional 6,609 shares during the period. Intech Investment Management LLC raised its holdings in Prudential Financial by 8.4% in the 1st quarter. Intech Investment Management LLC now owns 10,289 shares of the financial services provider’s stock worth $1,208,000 after acquiring an additional 796 shares during the period. TIAA Trust National Association lifted its position in Prudential Financial by 36.4% during the 1st quarter. TIAA Trust National Association now owns 4,550 shares of the financial services provider’s stock worth $534,000 after acquiring an additional 1,213 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in Prudential Financial by 103.5% during the first quarter. O Shaughnessy Asset Management LLC now owns 91,700 shares of the financial services provider’s stock valued at $10,766,000 after acquiring an additional 46,649 shares during the period. Finally, Seven Eight Capital LP acquired a new stake in shares of Prudential Financial in the first quarter valued at about $300,000. Institutional investors own 56.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Evercore ISI upgraded Prudential Financial from an “underperform” rating to an “inline” rating and increased their target price for the company from $117.00 to $140.00 in a research note on Thursday. Barclays raised their price objective on shares of Prudential Financial from $118.00 to $119.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. Citigroup upped their target price on shares of Prudential Financial from $104.00 to $120.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. Argus upgraded shares of Prudential Financial to a “strong-buy” rating in a research report on Thursday, August 8th. Finally, UBS Group upped their price objective on shares of Prudential Financial from $112.00 to $119.00 and gave the company a “neutral” rating in a research report on Tuesday, August 13th. Eleven research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $125.69.

Insider Transactions at Prudential Financial

In other Prudential Financial news, EVP Ann M. Kappler sold 2,839 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $113.43, for a total value of $322,027.77. Following the completion of the sale, the executive vice president now owns 14,535 shares in the company, valued at approximately $1,648,705.05. This trade represents a 16.34 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Caroline Feeney sold 1,110 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $119.97, for a total transaction of $133,166.70. Following the transaction, the executive vice president now owns 10,175 shares in the company, valued at $1,220,694.75. The trade was a 9.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.31% of the company’s stock.

Prudential Financial Stock Up 1.3 %

Shares of NYSE:PRU opened at $127.41 on Monday. The company has a market capitalization of $45.36 billion, a PE ratio of 11.33, a P/E/G ratio of 0.91 and a beta of 1.29. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.14 and a current ratio of 0.14. The company’s fifty day moving average is $122.20 and its 200-day moving average is $119.33. Prudential Financial, Inc. has a 52 week low of $93.32 and a 52 week high of $129.13.

Prudential Financial (NYSE:PRU) last issued its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $3.48 earnings per share for the quarter, topping the consensus estimate of $3.47 by $0.01. The firm had revenue of $19.48 billion for the quarter, compared to analysts’ expectations of $14.57 billion. Prudential Financial had a net margin of 6.03% and a return on equity of 15.30%. During the same period in the prior year, the firm earned $3.44 earnings per share. Equities research analysts predict that Prudential Financial, Inc. will post 13.33 earnings per share for the current fiscal year.

Prudential Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Tuesday, November 19th will be paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 4.08%. The ex-dividend date of this dividend is Tuesday, November 19th. Prudential Financial’s dividend payout ratio is currently 46.22%.

Prudential Financial Company 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.