Carnick & Kubik Group LLC Invests $4.18 Million in Prudential Financial Inc (NYSE:PRU) Stock

Carnick & Kubik Group LLC acquired a new position in Prudential Financial Inc (NYSE:PRU) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 45,514 shares of the financial services provider’s stock, valued at approximately $4,182,000.

Other large investors also recently modified their holdings of the company. Old North State Trust LLC boosted its stake in shares of Prudential Financial by 46.5% during the 4th quarter. Old North State Trust LLC now owns 438 shares of the financial services provider’s stock valued at $35,000 after buying an additional 139 shares during the period. Semmax Financial Advisors Inc. acquired a new stake in shares of Prudential Financial during the 4th quarter valued at $35,000. Baldwin Brothers Inc. MA boosted its stake in shares of Prudential Financial by 146.7% during the 4th quarter. Baldwin Brothers Inc. MA now owns 454 shares of the financial services provider’s stock valued at $37,000 after buying an additional 270 shares during the period. Somerset Trust Co boosted its stake in shares of Prudential Financial by 276.4% during the 1st quarter. Somerset Trust Co now owns 414 shares of the financial services provider’s stock valued at $38,000 after buying an additional 304 shares during the period. Finally, PRW Wealth Management LLC acquired a new stake in shares of Prudential Financial during the 4th quarter valued at $39,000. 65.57% of the stock is owned by institutional investors.

A number of equities research analysts have issued reports on PRU shares. Keefe, Bruyette & Woods reissued a “buy” rating and set a $113.00 target price on shares of Prudential Financial in a research note on Wednesday, January 9th. UBS Group lifted their target price on shares of Prudential Financial from $114.00 to $116.00 and gave the company a “buy” rating in a research note on Thursday. Zacks Investment Research raised shares of Prudential Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, February 12th. ValuEngine raised shares of Prudential Financial from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, Deutsche Bank lifted their price objective on shares of Prudential Financial from $97.00 to $104.00 and gave the company a “hold” rating in a research note on Friday, April 12th. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $112.38.

In related news, insider Stephen Pelletier sold 26,006 shares of Prudential Financial stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $94.04, for a total value of $2,445,604.24. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Nicholas C. Silitch sold 13,000 shares of Prudential Financial stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $95.25, for a total transaction of $1,238,250.00. The disclosure for this sale can be found here. Insiders sold a total of 45,538 shares of company stock worth $4,298,777 in the last quarter. Insiders own 0.76% of the company’s stock.

PRU stock opened at $103.13 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.11 and a quick ratio of 0.14. Prudential Financial Inc has a 1 year low of $75.61 and a 1 year high of $106.64. The firm has a market capitalization of $42.11 billion, a P/E ratio of 8.82, a price-to-earnings-growth ratio of 0.89 and a beta of 1.48.

Prudential Financial (NYSE:PRU) last released its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $3.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.14 by ($0.14). The business had revenue of $13.65 billion during the quarter, compared to analyst estimates of $13.74 billion. Prudential Financial had a net margin of 6.18% and a return on equity of 9.87%. During the same period in the previous year, the firm posted $3.08 EPS. Equities analysts forecast that Prudential Financial Inc will post 12.8 earnings per share for the current year.

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Prudential Financial 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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