BMT Investment Advisors Acquires 1,511 Shares of Prudential Financial Inc (NYSE:PRU)

BMT Investment Advisors lifted its holdings in Prudential Financial Inc (NYSE:PRU) by 6.2% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 25,750 shares of the financial services provider’s stock after purchasing an additional 1,511 shares during the period. BMT Investment Advisors’ holdings in Prudential Financial were worth $2,366,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Norway Savings Bank increased its stake in Prudential Financial by 13.6% during the 4th quarter. Norway Savings Bank now owns 958 shares of the financial services provider’s stock valued at $78,000 after purchasing an additional 115 shares in the last quarter. Van ECK Associates Corp increased its stake in Prudential Financial by 2.0% during the 4th quarter. Van ECK Associates Corp now owns 6,223 shares of the financial services provider’s stock valued at $507,000 after purchasing an additional 120 shares in the last quarter. Garland Capital Management Inc. increased its stake in Prudential Financial by 0.3% during the 4th quarter. Garland Capital Management Inc. now owns 48,625 shares of the financial services provider’s stock valued at $3,965,000 after purchasing an additional 125 shares in the last quarter. Stratos Wealth Partners LTD. increased its stake in Prudential Financial by 2.0% during the 4th quarter. Stratos Wealth Partners LTD. now owns 7,096 shares of the financial services provider’s stock valued at $579,000 after purchasing an additional 137 shares in the last quarter. Finally, Kaizen Advisory LLC increased its stake in shares of Prudential Financial by 13.7% in the fourth quarter. Kaizen Advisory LLC now owns 1,147 shares of the financial services provider’s stock worth $94,000 after acquiring an additional 138 shares during the period. 65.55% of the stock is owned by hedge funds and other institutional investors.

In related news, insider Nicholas C. Silitch sold 13,000 shares of the firm’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $95.25, for a total transaction of $1,238,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Stephen Pelletier sold 6,532 shares of Prudential Financial stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $94.14, for a total transaction of $614,922.48. The disclosure for this sale can be found here. Insiders sold 45,538 shares of company stock valued at $4,298,777 over the last quarter. Company insiders own 0.76% of the company’s stock.

PRU has been the topic of a number of research reports. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $113.00 price objective on shares of Prudential Financial in a research note on Wednesday, January 9th. Evercore ISI upgraded shares of Prudential Financial from an “in-line” rating to an “outperform” rating and set a $85.50 price objective on the stock in a research note on Wednesday, January 9th. Zacks Investment Research lowered shares of Prudential Financial from a “hold” rating to a “sell” rating in a research note on Friday, February 1st. Wells Fargo & Co initiated coverage on shares of Prudential Financial in a report on Tuesday, January 8th. They set an “outperform” rating and a $105.00 price target on the stock. Finally, UBS Group increased their price target on shares of Prudential Financial from $108.00 to $114.00 and gave the stock a “buy” rating in a report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, four have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Prudential Financial presently has a consensus rating of “Buy” and a consensus price target of $112.21.

PRU traded up $1.15 during midday trading on Friday, hitting $103.89. 1,087,902 shares of the company traded hands, compared to its average volume of 2,138,522. The company has a market cap of $41.58 billion, a price-to-earnings ratio of 8.89, a PEG ratio of 0.90 and a beta of 1.43. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.35. Prudential Financial Inc has a 52-week low of $75.61 and a 52-week high of $108.48.

Prudential Financial (NYSE:PRU) last issued its earnings results on Wednesday, February 6th. The financial services provider reported $2.44 EPS for the quarter, missing the Zacks’ consensus estimate of $2.88 by ($0.44). The business had revenue of $17.78 billion during the quarter, compared to analyst estimates of $14.03 billion. Prudential Financial had a net margin of 7.01% and a return on equity of 10.20%. During the same quarter last year, the company earned $2.69 earnings per share. On average, research analysts forecast that Prudential Financial Inc will post 12.78 EPS for the current year.

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Prudential Financial Company Profile

Prudential Financial, Inc, through its subsidiaries, provides insurance, investment management, and other financial products and services. It operates through PGIM, U.S. Workplace Solutions, U.S. Individual Solutions, and International Insurance divisions. The PGIM division offers an array of asset management and advisory services related to public and private fixed income, public equity and real estate, commercial mortgage origination and servicing, and mutual funds and other retail services to institutional, private, and sub-advisory clients, as well as to insurance company separate accounts, government sponsored entities, and the general account.

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Institutional Ownership by Quarter for Prudential Financial (NYSE:PRU)

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